The Caucasian. (Shreveport, La.) 1900-192?, 1907-01-06
ARTICLE III.

ARTICLE Ill
This corporation shall have power and
/ authority to contract, sue and be sued ::
to make and use a corporate seal and
the same 10 alter at pleasure; TO hold.
receive. have, purchase. lease convey
and sell, as well as mortgage and ty-
ipothecate, under its corporate name.
property, both real and personal; to-
name and appoint such officers and man
ayers as the interest of such corporation
may require to make and establish rules
and regulations for the management and
regulation of its affairs as may be
deemed necessary, and the same to-
change at pleasure: to borrow and lend
money on real estate, or other security,
and to do all other acts and things per-
mlttcd by law, or as shall be necessary
and proper to carry out the objects and
purposes of said corporation
ARTICLE ".
The objects and purposes for which
| this corporation is organized and the ma
ture OF its business are declared to be
operating Of a public gin for the ginning
of cotton,
ARTICLE Y
The capital stock Of this corporation
| Is hereby fixed at six thousand ($6,oool
| dollars, to be divided into sixty shares.
of the par value of one hundred dollars
each, which shall be paid in cash at the
time OF subscription. or stock may be
issued, at not less than par, in payment
or exchange for property rights actually
received or purchased by said corpora
ton.
ARTICLE VI.
All corporate powers of said corpora
ton shall be vested in a board of direc-
tors. to be composed of the stockholders,
which board shall be elected annually on
the first Tuesday in January of each
year, the first election to be held on the
first Tuesday i'll January 1908, major
ity OF whom shall constitute a quorum
The first board is declared to be Hen
ry J. Lenoir, Alexander r. Thompson.
William A. Thompson and Jesse H,
Dolph, with Henry J. Lenoir as presi-
dent; w A. Thompson as vice presi-
dent; A. r. Thompson treasurer. and
J. H. Dolph as secretary and general
manager: said board to serve until the
first election in January 1908, or until
their successors are duly elected pro-
vided said board may be increased by
vote of the stockholders after due no
tiCe.
The directors shall be elected by the
stockholders, and no one shall be eligible
as director unless he be the owner of
stock-each share Of stock shall be en-
titled to one vote to be cast by its owner
in person, or by proxy, and a majority
of the votes shall elect.
This charter may be modified, changed
or altered, or said corporation dissolved,
with the consent of two-thirds in
amount of the capital stock, represented
at any general meeting of the stockhold-
ers convened for that purpose, after ten
days previous notice of said meeting
shall have been published i'll one of the
newspapers of the city of Shreveport,
Louisiana
In case of dissolution or termination
of this corporation, either by limitation
of its charter or from any other cause,
the liquidation of its affairs shall be con-
Quoted by two commissioners, selected
by majority of the stockholders, and at
a meeting called for that purpose, as
above set forth in this charter
ARTICLE VII
No stakeholder Of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in any
further sum than the unpaid balance due
the company on shares of stock sub
scribed for or owned by him, nor any in
formality in organization have the eff
feet of rendering this charter null, or of
exposing a stakeholder to any liability
shares of stock
Done and passed in my Office, in the
city of Shreveport. Louisiana, in the
presence of the attesting witnesses, on
this the 18th day of December 1906
H. J. LENOIR
A. r. THOMPSON
w. A, THOMPSON,
JESSE H. DOLPH.