The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11

presses, sawmlls, planning mills or other
machinery; to purcase, raise and sell
livestock of any and every description In
said States Of Louisiana and Arkansas,
and generally to do and perform all
acts and things in connection with its
principal business which may be neces-
sary or incident thereto, or which may
increase the profits thereof and the pros
perity of said company, SO long as the
same is not incompatible with this act of
incorporation, or the laws of said State.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at twenty-five thousand
dollars, divided into two hundred and
| fifty shares of one hundred dollars each,
and shall commence business whenever
| fourteen thousand dollars shall be sub
scribed and paid for in full. Said CAPT
tai stock may be paid for in cash, prop
erty or services rendered, and no stock
shall be issued until same is fully paid
| for
ARTICLE ".
The affairs of this corporation shall
be managed and directed by a board of
directors consisting of three stockhold-
ers 70 be elected annually on the first
| Monday in January of each year, and
who shall hold their offices for the pc
| Rod of one year, or until their success
sors are duly elected and installed
Until such election OH the first Monday
in January 1908, the following persons
shall constitute the board of directors,
to-wit: Z. w. Hamiter, PRESIDENT F.,
W. Paramore, vice president, and +. f.
| Paramore, secretary and treasurer. All
vacancies occurring in the board of di-
| rectors from any cause shall be filled by
the remaining directors by Che election
of stakeholder to fill the unexpired
term. All legal process shall be served
on the president, or in his absence on
the vice president, or i'll the absence u
both on the secretary and treasurer.
< Said board of directors shall have
power and authority to employ and dis
charge at pleasure any and all managers,
clerks or employees, and may adopt such
bylaws and regulations as to them may
seem necessary for the conduct II the
business OF said corporation.
4 ARTICLE V.
This corporation shall have power ana
fauthority to contract, sue and be sued.
in their corporate name, % make and
use corporate seal, to receive, purchase
and convey under their corporate name
both real and personal property, and the
same to mortgage and hypothecate under
such terms and conditions as the sand
board of directors may determine.
ARTICLE VI.
| This charter may be amended, altered
or abolished at vote of majority of
the capital stock at meeting held for
that purpose, or the capital stock of this
corporation may be increased or dlmin-
ished in the manner provided by law.
Whenever this corporation is dissolved,
either by limitation or at the vote of its
stockholders, its affairs shall be liqul-
dated by two liquidators appointed by
the stockholders for tat purpose. Notice
shall be given of all stockholders meet
ings by ten days printed notice pub
lished in one of the newspapers of the
City of Shreveport, and by letter ad-
dressed to each stakeholder at his usual
postoffice address. In all elections held
| under this charter. each share of stock
shall be entitled to one vote, either by
its holder i'll person Or by written proxy,
ARTICLE VII.
No stakeholder shall ever be held liza
bic for the contracts or faults of this
corporation in any further sum than the
unpaid balance due to the company on
the shares of stock owned by him, nor
shall any mere informally in the organ:-
zation hereof have the effect of render
ing this charter null, or of exposing
stakeholder to any liability beyond the
amount Of his stock.
In testimony whereof, said parties
have hereunto subscribed their names
on this the 27th day of March 1907, and
have set opposite their several names the
amount of stock subscribed for by each,
which shall constitute the subscription
list of this corporation, in presence of
me, notary, and the attesting competent
witnesses, after due reading hereof.
E. w. HAMITER,
Sixty-nine (6o) shares.
E. E. PARAMORE,
Seventy CO. shares.
F. w. PARAMORE,
One u share