The Caucasian. (Shreveport, La.) 1900-192?, 1905-02-07

and the same to alter, change and amen
at pleasure: and to execute and sign il
the name of said corporation all obliga
TONS bills and promissory notes. check
and bills of exchange and the same t.
endorse and deliver in the usual cours
of commercial business, and to do al
acts and things permitted by law or a
shall be necessary and proper to carr,
out the objects and purposes of said cor
lporation.
| ARTICLE VI.
The capital stock of said corporation
shall be fifty thousand dollars ($5o,ooo)
divided into and represented by five hun
dred (5oo) shares of stock of one hun
dred ($1oo) 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 vaiue 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 stockhofder may sell, assign Or
transfer his stock in this corporation,
provided ten Coy 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 priv-
ege of purchasing same, after which ten
(Io) days notice the stock may be sold
to other persons. Ali purchases of stock
must be made on the books of said cor
poration at it's office maintained at its
domicile. ~
. This corporation shall commence busi-
ness as soon as thirty thousand dollars
($3o,ooo)) Of the capital stock shall be
subscribed and paid for. The board of
directors may afterwards authorize the
issuance of additional stock not to ex-
ceed fifty thousand ($5o,ooo) dollars of
the total stock of said corporation as
the board of directors may determine,
and no stock shall be issued until fully
paid for in money or its equivalent in
property conveyed or services rem lere,l
to said corporation.
ARTICLE VII.
The corporate powers of said corpora
tion shall be vested in a board of four
"a directors, three Cd Of whom shall
quorum for the transaction
Of business, and their decision shall be
corporate acts. s
The following persons shall constitute.
he first Board of Directors: Perry P.
Keith Sr., William H. Keith, Daniel w.
Keith and Perry P. Keith Jr, with
Perry P. Keith ST., as president thereof,
md William H. Keith as vice president
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 direc-
or or officer who shall not be a stock
holder. Said board of directors and Of
lcers shall continue in office until the
irst Monday in January, 1906, and until
heir successors are elected and qualified.
The stockholders of said corporation
hall meet annually on the frst Monday
n January of each year, commencing on
he first Monday in January, 1906, and
thereafter for the election of
board of directors, and the said board
If directors shall elect the president,
ice president and general manager, and
he secretary and treasurer. +
Notice Of said election must be given
ach stockholier. Any failure from any
ause to elect directors on the day
lanled for that purpose shall not dis
olive the corporation, but the directors
nd officers then in office shall hold over f
ntil their successors shall be elected.
The election of directors shall be by
'allcs, and the majority and amount of
otes cast, each share Of stock being en-
tiled to one (I) vote, shall elect the I
i
erson for whom they are cost. The
oard Of directors shall elect from their
wn number the officers OF said corpora
ion.
ARTICLE VIII.
The board of directors shall have
over to fill all vacancies in their num-
er caused by death, resignation or other
wise, from among the stockholders OF
he corporation. They shall have full
ontrol Of the property Of said corpora
ion and shall conduct and manage and t
sc the same in their discretion as they
nay deem best. f
Nc prenissory note or obligation Of
aid corporation shall ever be given by
aid corporation except the same be I
'gned by the president thereof, nor shall
aid corporation ever. borrow money or I
ontract any obligation therefor except
pom the approval Of the president and I
he execution Of the obligation or note I
I said corporation signed by the presi-
ent. II
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