The Caucasian. (Shreveport, La.) 1900-192?, 1905-01-24

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shall be served at the domicile of sal
corporation at Keithville, Louisiana, G
| the president, and in case of his abseno
on the secretary, and in case of the at
sence of both, IN the treasurer.
ARTICLE ".
i The objects and purposes of said col
poration shall be to conduct and carr
on general mercantile business a
Keithville, in the Parish of Caddo Stat
of Louisiana, and at such other place
therein as said corporation may after
wards determine; and also to- eperat
and carry on public ginnery at Keith
vile, in said parish and State, and ais
to operate, conduct and carry on a gen
eral planting and farming business il
connection with said mercantile and gin
merry business at Keithville or in th'
vicinity thereof, or elsewhere in the
parish of Caido, State of Louisiana, a:
said corporation may afterwards deter.
mine.
ARTICLE V.
The said corporation shall have power
under its said corporate name to con-
tract, sue and be sued, to make AMI use
I common seal and the same to break
and alter at pleasure, to hold, receive, to
have, purchase, improve, ALLEVIATE, con-
vey, sell, borrow, pledge, mortgage and
hypothecate all manner of real and per-
sonal property, lands, machinery, fix
lures 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
as may be deemed necessary and proper,
and the same to alter, change and amend
at pleasure; and to execute. and sign in
the name of said corporation all obliga-
:io1s, ibiifs and promissory notes, checks
and bills of exchange and the same to
endorse and deliver IN the usual co,u Sc.
of commercial business, and to do al,
1cts and things permitted by law Or as
shall be necessary and proper to carry
,ut the objects and purposes of said cor
poration. @%.
ARTICLE VI. s f.. Pc, i.
The capital stock of said corporation
shall be fifty thousand dollars ($5oooo)
iivided into and represented by five hun
ired 15oo) shares Of stock Of one hun
1red ($Iool dollars each, and said stock
shall be paid forat the time of the issu-s
lnce Of the certificates therefor, ana said
stock may be issued for payment in
money OF for property, real ami personal,
rights or credits conveyed to said cor
ooration Of a va1ue fully equivalent to the
,ar value Of said stock or for other val
liable considerations or services rendered
20 said corporation of value fully
equivalent to the par value OF said stock
IS the board Of directors may determine
Any stockholder may sell, assign or
.ransfer his stock in this corporation.
ten (Io) days prior notice Of
such intention be given by the corpora
ton to each of the other stockholders
hereof, and each Of such other stock
holders thereof shall have the first privi
tege of purchasing same, after which ten
(Io) days notice the stock may be sold
o other persons. All purchases of stock
must be made on the books Of said cor
ooration at its office maintained at its
iomicile.
This corporation shall commence busi-
less as soon as thirty thousand dollars
$4,000 } of the capital stock shall be
and paid for. The board Of
lirectors may afterwards authorize the
ISSUANCE of additional stock not to ex-
,eed fifty thousand ($5o,ooo) dollars Of
he total stock Of said corporation as
he board Of directors may determine,
ind no stock shall be issued until fully
raid for in money or its equivalent in
conveyed or services rem lered
10 said corporation.
ARTICLE VII.
The corporate powers Of said corpora
ion shall be vested in board of four
(4) directors, three "a Of whom shall
constitute quorum for the transaction
If business, and their decision shall be |
corporate acts.
The following persons shall constitute
he first Board Of Directors Perry P.
keiAh Sr., William Fl. Keith, Daniel w. |
18th and Perry r Keith Jr, witt.
Ferry P. Keith Sr., as president thereof,
md William III Keith as vice presiIenl
md general manager thereof; Perry P.
Keith Jr, as secretary thereof, and Dan
el w Keith as treasurer thereof.
No person shall be eligible as a direc-
or or officer who shall not be stock
lolder Said board Of directors and of
ieers shall continue in office until the
1rst Monday in January, 1000, and until
heir successors are elect9 d and qualified