The Caucasian. (Shreveport, La.) 1900-192?, 1905-05-09

lana or Texas, with branch from said
main line to New Orleans, and such
other branch lines and extensions as the
Board of Directors Of said company may
deem necessary for the transportation
of freight or passengers; that the con-
struction and maintenance Of magnetic
line of telegraph, telephone, or other
means Of communication; and to make
interchangeable traffic rates for COM
nunication, persons and property over
its lines and connections; and to receive
| for such messages, communications and
transportation such toll and charges a.
may be established by the authorized Of
hcers; to obtain and receive by grant.
purchase, gift or beQuest both real and
personal property; and for the pur-
chase Of land, supplies, material, rolling
stock, or the payment Of labor, contracts
and works, to issue stock certificates OF
bonds in payment thereof, and at such
valuations as may be agreed upon and
between the directors of this corporation
and the owner Of land, material, sup:
plies rolling stock, and the labors Of
contractors of work; to accept or re-
ceive from any State, county or parish,
district, town, village or person, any
right, privileges or franchises which the
same may offer for the construction,
| maintenance, management or use of its
transportation lines, their depots,
| wharves, shops, cars, locomotives, and
the general business which the same may
choose to grant, release to or otherwise
confer to give; to borrow money or to
purchase or lease property on its own
credit for the purpose of constructing,
maintaining and operating line OF
transportation and telegraph. and as evil
dence Of indebtedness Of this corporation
for such loans Of the purchase OF lease
Of said property, to Issue its corporate
bonds, or promissory notes, bearing in
terest and made payable either in the
United States currency or gold coin, and
at such time and place as may be deemed
advantageous by the directors and for
securing the payment Of said bonds and
notes, to mortgage and pledge. its rail-
roads. capital stock. company buildings,
corporate franchise real or personal
property, or any portion Of the same"
Upon motion duly made, seconded and
passed, it was voted to adopt the follow
ing resolution, modifying Article w Of
the Charter of the company:
The corporate powers Of said cor
poraton shall be exercised by and vested
in a Board Of Directors composed OF
seven stockholders. Said directors shall
be elected annually on Friday after the
first Thursday Of April of each year, or
such other day as the stockholders at a
regular meeting may fix. and all such
elections shall be by ballot and conduct
cd at the Office of said corporation, of
which election thirty days prior notice
shall be given in a newspaper published
in the city of Shreveport. And the di-
rectors thus elected shall serve until
their successors shall have been elected.
A majority of the votes cast shall elect,
and each share of stock shall be entitled
to one vote, either in person OF by proxy.
A failure to elect directors on the day
required shall not dissolve the corpora
ton, but the Board of Directors shall
continue to hold their Office, and no
other election shall be held within thirty
day, thereafter and ten days prior no
tice shall be given in newspaper pub
lished in the city of Shreveport. Any
vacancy occurring in said Board OF d.
rectors from any cause whatsoeer shall
be filled by election BY the remaining
directors. Four directors shall consti-
tute a quorum for the transaction OF
business. Said Board of Directors 1t
their first meeting in each year shall
elect one of their own number as presi-
dent and vice president: also secretary
and a treasurer, ana shall appoint from
time to time such officers, clerks, agents
and confer power to APPOINT same ON
any proper officer, and such other en-
ployes that may be deemed necessary for
the business and purpose Of said cor
poration, and dismiss the same at pleas
ure, and shall have full power to make
and establish, as we'll as change o.
amend or alter conformably to this act
If incorporation. all bylaws, rules and
regulations deemed requisite for the
purpose and management Of the affairs
and business Of corporation, and shall
have also full power to borrow money,
execute mortgage, issue bonds, make
contracts. make rules for declaration Of
dividends, and generally to do all things
and act in all matters purtenant to the
objects and purposes of this corporation,
as also to issue and deliver full paid
shares of its stock or the bond or obi