The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-12

ST. VINCENT.
Boarding and Day School for youl
Fine ealthful location; modern equip
country life Superior, Academic, PREF
Monday, September second. For catal
toWlt To manufacture, purchase and
sell lumber, ties and timber, either
wholesale or retail, to construct, pur-
chase, lease, suitcase, maintain and op
crate, for the manufacture of timber,
lumber, and ties into any and all forms,
and to sell same saw mills, lumber and
tie mills, planning mills, single mills and
other machinery necessary for the man
ufacture of lumber, ties and other art
cles of wood to purchase, own, and sell
timber, timber lands and other lands; to
construct, purchase, lease, suitcase and
operate tram roads, canals, and boats, to
be operated by steam or other motive
power, with all the appurtenances there
unto belonging to operate a commissary
and general merchandise business and
to buy and sell all such classes Of goods,
wares and merchandise as they may de
sire in connection Herewith; and to do
any and all acts necessary and proper
for the successful operation Of said
business
ARTICLE III.
The capital stock Of the said corpora
ton shall be twenty-five thousand dol
lars (s25, 100000, divided into and rep
resented by two hundred and fifty (25o)
shares of the sum of one hundred dol
lars ($Ioooo) each, which stock shall
be paid for in cash at the time of sub
scrlption.
Any stakeholder may SELL assign or
transfer his stock i'll this corporation,
provided thirty 600 days prior notice
of such intention to sell, assign or trans
fer the same be given the company, and
the other stockholders thereof shall have
the first privilege of purchasing the
same, after which thirty days notice the
said stock may be sold in open market,
This corporation shall commence do
ing business as soon as all of the capital
stock shall have been subscribed
ARTICLE ".
The corporate powers of this corpor
alton shall be vested in and exercised by
a board of three CD directors, consist
ing of the president, vice president and
the ecretary-treasurer. Two of said
board shall constitute quorum for the
transaction of business, and their de-
cisions shall be valid corporate acts.
The following persons shall constitute
the first board of directors: D. G.. Pet
ty, ST., who shall be president; D. G.
Petty, Jr., who shall be vice president
and J. J. Marshall, who shall be secre-
tary-treasurer.
No person shall be eligible as a il
rector or an officer who is not stock
holder in this company.
During the absence of the president
the vice president shall act and preside.
Said board shall continue in office TN
til July l. 1908, On which date and there
after annually, board of directors shall
be elected on the Ist day of July of each
year, unless the same should be a ho1i-
day, when the election shall be held on
the next legal day thereafter.
Notice of such election shall be given
by at least ten (1o) Jays continuous
publication Immediately preceding each
election, in one of the daily newspapers
of this city; and the board of directors
shall appoint one or more stockholders to
be commissioners at such election. In
the event Of the failure of any commits
sioner Or commissioners to attend the
president shall by appointment fill the
vacancy. Any failure from any cause
whatsoever to elect directors the day
named for that purpose shall not dis
solve the corporation, but the directors
then in office, as well as the officers of
said company, shall hold over until their
successors are chosen. In such event
the president shall cause another election
to be held within thirty days, and shall
give notice thereof as hereinbefore pro-
vided.
At every election and meeting, each
stakeholder shall be entitled to vote for
each share of stock reg stered in his
name, and may vote by proxy.
The election of directors shall be by
ballot, and the ma jority in amount of
votes cast each share of stock voted on
to be counted as one vote, shall elect the
person or persons for whom they have
been cast
After each election the board of direc-
tors shall elect from their own number
the officers of said company.