The Caucasian. (Shreveport, La.) 1900-192?, 1907-12-19

until the first Monday in July 1908, on
which date and thereafter annually, a
board of directors shall be elected each
year, unless the same shall be a legal
holiday, when the election shall be held
on the next legal day thereafter.
Notice of such election shall be given
by at least ten (Io) days continuous
publication Immediately preceding each
election, iii one of the daily newspapers
published at the domicile of the corpora
ton; and the board of directors shall ap-
point one or more stockholders to pr
side at such election as commissioner.
In event of the failure of a commission
er to attend, the president shall by ap-
polntment fill the vacancy. Any failure
from any cause whatever to elect dVrec-
tors on the day named for that purpose
shall not dissolve the corporation, but
the directors and officers then in office
shall hold over until their successors are
elected. In such event. the president
shall cause another election to be held
within thirty days, and shall give notice
thereof, as herein provided. At every
election and meeting each stakeholder
shall be entitled to one vote for each
share of stock registered in his name,
and may vote by proxy The election of
directors shall be by ballot, and the ma
jorlty i'll amount of votes cast, each
share Of stock voted upon to be counted
for 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 numbers
the officers of the corporation.
ARTICLE V.
The board of directors shall have full
power to fill vacancies in their number
caused by death, resignation or other
wise, from among the stockholders of
| the corporation. The said board shall
have full control of the property of the
corporation, and shall so conduct, man
age and use the same as in their dscre-
ton they deem fit, and that is consistent
with the objects Of the corporation and
the welfare of the same. The said board
IS further authorized to frame and adopt
such bylaws, rules and regulations as
the affairs and business of the corpora
ton may require, and as it may deem
necessary for the conducting and man
agement thereof; provided the same
shall not conflict with this charter, or
with the laws Of the State or of the
United States. The said board shall
elect or appoint such officers, agents,
employees, servants and clerks as it may
deem necessary for the conducting of
the business of the corporation; fix
their compensation, term of service,
with the right to dismiss them at the
boards pleasure; and said board shall
have the right to fix and determine the
salaries of the several officers herein
provided for.
ARTICLE VI.
This charter may be changed modi- |
fed Or amended, the capital stock in
creased or decreased, or this corporation |
may be dissolved, at a general meeting
of the stockholders held for that pur-
pose, with the assent of three fourths of
the entire capital stock, whether present
or represented at such meeting Ten
days prior notice of such meeting shall |
be given by publication in a daily news
paper published at the domicile of the
corporation, and a further notice shall
be mailed to each stakeholder, at his
last known address, at least ten days
prior to said meeting. In case of disso-
luton or termination of this corpora
ton, whether by limitation of its charter
or from any cause, the liqui 1ation of its
affairs shall be conducted by two COM
selected from the stockhold-
ers with like assent, and at meeting
called for that purpose, as above set
forth in this article. Said commission
ers shall remain in office until the af-
fairs of said corporation shall have
been fully liquidated.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable for contracts
Or faults thereof in any further sum
than the unpaid balance due the cor
poratlon on the shares of stock sub
'crlbed for or owned by him, nor shall
any informally in organization have the c
effect of rendering this charter null, or i
II exposing a stakeholder to any liabil- c
ty beyond the unpaid balance, if any, of a
lis stock. a
thus done and passed at my notarial o
office in the city of Shreveport, Louis S
ana, on this the 3rd day of December i.
d. 1907 in the presence of S. A. Guy {
md w. G. Stinson, competent witnesses, n
Who hereunto sign their names, togeth- v
I'll