The Caucasian. (Shreveport, La.) 1900-192?, 1905-03-16

;rectors Of five stockholders who sha
be elected ON the first Tuesday tr Eel
ruary. 1906, and annually thereaftes. If
first board of directors is declared to 7
w. T. Foster. w. c. Agurs. R. K. Co
quit, &. NJ. Agurs and J. w. Whit
who shalt serve until Meir successors al
chosen. The officers of this eorporatio
shall be president, Sice presiden, an
a secretary and treasurer, and the frs
of said officers are declared to be F
TX. Colquitt. president; J. w. White
vice president and w. 6. Agurs. secre
tary and treasurer. and they shall serv
until their successors are chosen, as here
in provided for. A maj jority of the stoc1
present shall elect the directors, and il
all elections Or proceedings of stockhold
ers each share of stock present or repre-
sented by written proxy shall be entitled
to one vote. Notice of all elections o.
meetings of stockholders shall be adver
tised ten days in a daily Shreveport pa
per; directors to be chosen at the Office
If company.
ARTICLE VI.
Failure to hold an election for direc
tors on the day named shall not dissolve
the corporation, but the incumbent di
rectors shall hold over until their success
sors are duly qualified and elected. Any
vacancy in the board shall be filled by
the remaining directors. The board ot
directors shall have the power to con-
tract debts, borrow money, buy and lease
property, and to DO all things necessary
10 carry out the objects and purpose.
of this corporation.
ARTICLE VII.
No sale of stock shall be valid or
binding en- the corporation until the same
has been transferred on the books o.
he company; no transfer or sale of
stock shall be made by any stakeholder
of this corporation without his giving
this company ten days notice of his in
tention to sell and giving the said cor
poration the preference of purchasing
same.
No stockl1older shall be liable on any
obligation of this corporation in any fur
ther sum than the amount of unpaid bal
,nce on his stock. On failure of stock
holder to pay for stock subscribed it
shall be optional with the board of di-
rectors either to declare the delinquent
shares forfeited to the corporation or to
sue the subscriber for the price due them
On all stock to be sold for not less than
par. r.--= -,. 49,.
ARTICLE VIII. -
This corporation is authorized to in
crease its capital stock by two-thirds
vote of all the stockholders at a meeting
held according to law, said original
stockholders shall have the right to par
ticipate in said increased issue of stock
in proportion to holdings of original
stockholders and in default thereof the
other stockholders shall have right to
purchase said stock before it is offered
to a third person.
r.. ARTICLE TX.
This charter may be, modified, changed
or dissolved, or amended in any way
(except to increase Or diminish its capi-
tai stock) with the assent of three -fourths
# the stock represented at a general
meeting of the stockholders convened fol
his purpose, after thirty days previous
1otice published in a Shreveport paper
Whenever this corporation is dissolved
by limitation or otherwise its affairs
shall be liquidated by three commission
ers elected at a stockholders meeting.
who shall have full power to wind up
its affairs, settle its indebtedness and
distribute the proceeds among the stock
holders.
Done and passed at my office in Caddo
parish, Louisiana, in the presence of ].
c. Pugh and F. M. Williams, competent
witnesses, on this the 18th day of Febru-
lry, ammo Domini, nineteen hundred and
five (Ioo5.) (Signed)
W. c. Agurs, IS shares.
George NJ. Agurs, rs shares.
(By w. c. Agurs.)
= R. K. Colquitt, IS shares.
J. w. White, Is shares.
w. L. Foster, I share.
Attest:
J. G. PUGH,
F. M. WILLIAMS.
J. A. THIGPEN,
Notary Public
/, J. NJ. Foster, district attorney in and
for the parish of Caddo, State Of Louis
lana, having examined the above and
foregoing charter, finding nothing therein
contrary to law, hereby approve same,
this the nth day of February, A. D. 1905
J. M. FOSTER,
District Attorney for First District OF
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