The Caucasian. (Shreveport, La.) 1900-192?, 1905-06-22

SGT forth.
ARTICLE I.
! The .12me and style of sail corpora
ton s'.ail be Uni Cottonwood Lumhe
| Company. Limilcd and under said Cor
poratc name it shall have and enjoy sue
co>,;on ior a period Of twenty five years
and shall have all the powers appcrtain
ing to and conferred by law upon cor
pOratiOns in this State.
ARTICLE II.
| The domicilc of this corporation shall
be Shreveport, Caddo Parish, Louisiana
ana all citations and legal process shall
| be served upon the president, or in hi
absence upon the sccrctary-treasurcr
ARTICLE H.
The purposes and objects for which
this corporation is formed and the ma
ture of the business to be carried on by
it are declared to be a general sawmil
and lumber business, and to that enc
construct and operate tram railroads, tC
purchase and sell lands and timber anC
lease the same. to run a cOmmiSSarv or
general store in connection with sale
business and to run and operate one or
more steamboats, in connection with said
business, and incidentally Herewith tc
carry freight for hire. and generally tc
do all things necessary to carry on said
business Or incidental thereto
ARTICLE ".
The capital stock of this corporation
is hereby fixed at five thousand dollars
($5, 5,ooo.oo) divided into and represented
by fifty (5o) shares of the par value OF
one hundred dollars ($1oooo) each. to
be issued for cash or its equivalent paid
to the corporation when subscribed for.
This corporation shall commence bus
mess and be a going concern as soon as
all its said capital stock shall have been
actually subscribed and paid for All
books of the company and shall be
signed by the stOckhol,ler or his attor-
ney, and on surrender Of the certificate
therefor No stockfolder shall be per
mitted to dispose of this stock or any
part of it without first giving in writing
to the other stockholders ten days no
tce of such intention to transfer and
allowing such other stockholders the
first opportunity to purchase said stock.
The office of this company shall be at
the office of Thatcher & Welsh, attor-
neys -at-law, in Shreveport, La. The
subscription and stock books of this
corporation shall be kept at the domicile
thereof where certificates of stock shall
be issued.
ARTICLE V.
The corporate powers of this corpora
ton shall be vested in Board of Direc-
tors composed of three stockholders.
two of said stockholders shall constitute
a quorum for the transaction of all bus
mess. The first Board of Directors
shall be J. H. Thatcher, Charles H. Nc
Cleland and NJ A. McCutchen. with
Charles H. McClelland as President !;
NJ. A. McCutchen as Vice President and
J. H. Thatcher as Secretary-lreas surer.
and they shall continue in office until the
second Tuesday in January, 1906, or
until their successors are duly elected
and installed. Beginning with the year
1906, the said Board of Directors shall
be elected from among the stockholders
annually on the second Tuesday in Jan
uary, unless the same should be a legal
holiday, in which event the election shall
be held on the first legal day thereafter.
Said Board of Directors shall elect from
it's number President Vice President
and one to act as Secretary-treasurer.
In the election of officers, which cleo
ton shall be by ballot. each share OF
stock shall be entitled to one vote, to be
cast by the owner in person or by proxy
three fourths of the votes cast shall
elect. Notice of the election of dlrec-
tors shall be given by ten days publ
cation Immediately preceding the meet
ing in one of the daily newspapers Of the
city of Shreveport In case of failure
from any cause to elect on the day
named for that purpose. this shall not
dissolve the corporation, but the direc
tors and officers shall hold over until
their successors are elected In such
event the President shall cause another
election to be held within thirty days
and shall give notice as above provided
ARTICLE VI.
The Board Of Directors shall have
bower to fill vacancies in their number
caused by death or otherwise. The SAID
Board shall have power to adopt Sucf
bylaws, rules and regulations as the
affairs and business Of the corporation
NAV require; to fix and determine the
salaries of the officers herein provided
for, and of all other officers, agents Oh
employees. The said Board shall have
full control of the property Of this com
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