The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-18

business as soon as five thousand dol
lars tS5ooo ooj of its capital stock shall
have been subscribed and paid for
ARTICLE Y.
! he corporate powers of this corpora
|tlon shall be vested in a board of direc-
TORS, composed of three stockholders,
who shall be elected annually on the
second Monday in January. The first
board @ directors is declared ia be
ltarry I,hrlich, Simon EhrlicIi and ]. J.
Coleman, who shall serve until their
successors are chosen. Two members
hall constitute a quorum of the board
I'f directors for the transaction of bus
rscss
The officers Of this corporation shall
he president, vice president. secretary
md treasurer, and the first Of said of
heers are declared TO be Harry Enrich,
prcsdert9; D J Coleman. vice president,
ND Simon Enrich. secretary and treas
,urer, aud they shall serve until their
successes arc chosen, and said officers
,haIl be elected annually on the second
MONDAY in January. A majority of the
stock praent shall elect the directors,
mo in all Elections or proceedings of
stockholders each share of stock present
II represented by written proxy, shall
he guaflca o. one vote Notice of all
meetings 20 stockholders shall he ad-
yertISed ten coo days III a daily Shreve-
poi Newspaper; directors to be chosen
% Gle Office q the company under SUI
pcsvislo0 20 three commissioners ap-
.oointcd ~ the directors from the stock
holders.
ARTICLE VI,
FaNurc o. hold an election for direc-
tors on Che day named shall not dissolve
NE Corporation, blu. the incumbent di-
rectors shall hold over until their ste
cessors are duly elected and qualified.
Any vacancy in the board shall be filled
by Che Temaining directors. The board
.of directors shall have power to CON
tract debts, borrow money, and to do all
things necessary to carry out the objects
ma purposes of this corporation.
Gle board of directors may grant to
heir officers or agents such powers as
hey may deem expedient, and they may
Use appoint agents within or without
this State under such conditions as they
may think proper.
ARTICLE VII.
No sale of stock shall be binding or
!alid Of this corporation until same has
been transferred on the books of the
corporation. On failure of stakeholder
pay fas stock subscribed, it shall be
optional with the board of directors TO
either declare the delinquent shares for
teitcd to the corporati3n or to sue the }
subscriber for the price al, ntffereon. all
stock to be sold for not less than par.
No stakeholder of this company shall
ne liable or responsible for the contracts
or faults OF this corporation nor shall
any mere informally in the organiza-
ION have the effect of rendering this
charter null, or exposing stakeholder
to any liability beyond the amount of
his stock.
ARTICLE VIII.
+ This charter may be altered and
amended by vote of two-thirds of the
stockholders convened for that purpose
lfer thirty days notice shall have been
published i'll one of the daily Shreveport
newspapers. Any changes proposd or
made in reference to the capital stock
shall be made in accordance with the
laws of the State of Louisiana on the
subject of altering the capital stock of
corporations.
Whenever this corporation is dis
solved by limitation or otherwise, its af-
fairs shall be liquidated by three COM
nssioners elected at stockholders
meeting. who shall have full power to
wind up the affairs, settle its indebted
,ess and distribute The proceeds ameng
he stockholders.
Done and passed at my office in Cad
10 Parish, Louisiana, in the presence of
w NJ Levy and John Mccullough,
competent witnesses. on this 9th day of
January 1907
II. ENRICH.
~ shares.
s. ENRICH,
II shares.