The Caucasian. (Shreveport, La.) 1900-192?, 1905-01-31

and alter at pleasure, to hold, receive, to
have, purchase, improve, ALLEVIATE, con-
yey, sell, borrow, pledge, mortgage and
hypothecate all manner of real and per-
sonal property, lands, machinery, fix
tures and appliances, necessary and use
full for said business, to name and ap-
point such officers, directors, managers
and agents or employees as the interest
or convenience Of said corporation may
require, to make and establish bylaws,
rules and regulations for the proper
management and regulation of its affairs
IS may be deemed necessary and proper,
and the same to alter, change and amend
1t pleasure; and to execute and sign in
the name Of said corporation all obliga-
tons, bills and promissory notes, checks
and bills Of exchange and the same to
endorse and deliver in the usual course
of commercial business, and to do all
acts and things permitted by law or as
shall be necessary and proper to carry
out the objects and purposes of said cor
poration.
ARTICLE VI.
The capital stock of said corporation
shall be fifty thousand dollars ($5o,ooo)
divided into and represented by FIVE hun
dred {5ool shares Of stock Of one hun
ired ($Iool dollars each, and said stock
shall be paid for at the time Of the issu
ance Of the certificates therefor, and said
stock may be issued for payment in
money or for property, real and personal,
rights or credits conveyed to said cor
poration Of value fully equivalent to the
par value Of said stock or for other val
liable considerations or services rendered
to said corporation Of value fully
equivalent to the par value Of said stock
as the board of directors may determine.
Any stockholder may sell, assign or
transfer his stock in this corporation.
provided ten (Io) days prior notice of
such intention be given by the corpora
ton to each Of the other stockholders
thereof. and each of such other stock
holders thereof shall have the first privi-
.lege Of purchasing same, after which ten
(Io) days notice the stock may be sold
to other persons. All purchases Of stock
must be made on the books Of said cor
poration at its office maintained at its
,iomici ile.
his Corporation shall commence bust
1ess as sooi, as thirty Thousand dollars
fx$$3oooo)) of the capital stock shall be
Iihsd aud paid for. The board Of
=direcwIth my afterwards authorize the
issuance q additional stock not to ex-
coed fifty ll1ohzcnd l$5oooo) dollars Of
The total stock OF said corporation as
the board Of directors may determine
md no stock shall be issued Until fully
paid for in money or its equivalent in
property conveyed or services rem Tered
to said corporation. s=.s
ARTICLE VII.
The corporate powers Of said corpora
lion shall be vested in board Of four
"a directors, three lD IF whom shall
constitute quorum for the transaction
of business, and their decision shall be
corporate acts.
The following persons shall constitute
the first Board Of Directors: Perry p.
Keith ST., William Fl Keith, Daniel w
Keith and Perry r Keith Jr, with
Perry r. Keith Sr., as president thereof,
and William H. Keith as vice president
md general manager thereof; Perry 2.
Keith Jr, as secretary thereof, and Dam
iel w. Keith as treasurer thereof
No person shall Be eligible as a direc-
or or officer who shall not be stock
holder. Said board Of directors AMI of
ficefs shall continue ii Office until the
.irst Monday IN January, 1oo6, and until
their successors are elected and qualified.
The stockholders Of said corporation
shall meet annually on the irst Monday
IN January Of each year, commencing on
The first Monday il January, 1906, and
annually thereafter for the election Of
i board Of directors, and the said board
Of directors shall -elect the president,
vice president and general manager, and
the secretary and treasurer.
Notice Of said election must be given
each stockholier Any failure from any
cause to elect directors. q, the day
named for that purpose shall not dis
solve the corporation, but the directors
md officers then ii Office shall hold over
until their successors shall be elected
The election Of directors shall be BY
ballot, and the majority and amount ol
Votes cast, each share Of stock being en-
titled to one q vote, shall elect the
person for whom they are cost. Ths
board of directors shall elect from .heil
own number the officers Of said corpora
tion.
ARTICLE VIII.
The board Of directors shall have
power to fill all vacancies in their mum.
Der caused By death, resignation or other.
wise, from among the stockholders O
the corporation They shall have tul
canfrnl of fhe nronerty az said cornora