The Caucasian. (Shreveport, La.) 1900-192?, 1907-07-21
this corporation.
ARTICLE w


| The corporate powers of this corpora
ton shall be vested in board OF direc-
tors composed of FIVE stockholders The
directors shall elect president, vice
president and secretary treasurer. and
ishall prescribe the duties of each.
Election of directors shall take place
the first TUESDAY of June in each year.
/ he first board of directors shall be as
follows: L. r. Lawhon, J. A. Thigpen,
Frank J. Looney, A. G. Pitts and C. L.
Games, with L. K. Lawhon, president;
J, y, lhlgpen, vice president, a
Frank Looney secretary treasurer.
All officers and directors shall serve tsl-
|ul their successors are elected
Service Of all legal process shall be
made on the president, og in his absence
on the secretary at the office of the COM
pany.
Three directors shall constitute quo
rum to do business.
The board Of directors may appoint
such managers, agents or sub-0fIccrs as
the interests os the corporation may re-
quirc, and make and establish such by
laws as may be necessary and proper
for the management and regulation OF
the affairs Of the corporation. II any
vacancies occur among the officers or
directors the remaining directors may
select stockholders to fill the same.
The board of directors shall have
power to borrow and lend money, issue
bills Of exchange, notes, bonds, drafts
and other negotiable paper execute
mortgages and generally to do all things
incident to the object and purposes of
this corporation.
ARTICLE V.
The capital stock Of this corporation
shall be thirty thousand dollars divided
into SIX thousand shares of the par
value of five $500 dollars each. This
stock shall be paid for in cash Or its
equivalent at the time of its subscription
1nless other terms are allowed by the
BOARD of directors
At least one thousand shares Of the
'ar value of five ($5 ooooo) thous-
md dollars shall be subscribed and
,ald for before this corporation
hall commence business. No stock
lolder shall be liable for more
han the unpaid balance on the stock
for by him, nor shall any
mere informally in organization have
he effect of rendering the charter null
II of exposing stakeholder to any
liability beyond the amount of his stock
ARTICLE VI.
The directors shall be elected by bal
1t at the regular annual meeting called
Or that purpose Or any meeting ad-
burned for same. At all stockholdAra
leetings each share of stock shall1s
ntltled to one vote. A stakeholder may
ote by proxy. A majority of the stock
nall constitute a quorum A majority
f the stock present shall elect the di-
,ctors
Special meetings may be called at the
easure of the president, or on demand
three stockholders.
he stockholders of this corporation at
general meeting called for that pur-
ose On demand of three stockholders
ay modldfy, add too, change, alter or
mend or dissolve the corporation with
e assent OF three fourths of the stock
'esent. This shall not apply to ncreas-
G or decreasing the capital stock,
hlch IS done under special laws. Ten
lys' written notice of any meeting shall
given by the secretary.
If dissolution be determined on, a ma
rity of the stock present shall select
rec liqmdators at the meeting so de-
rmlning, and shall provide for filling
y possible vacancies among said
|uidators.
In testimony of the above articles of
corporation, in the presence of the
testing witnesses and before me, no
ry, the above named incorporators
We hereunto set their names.
Done and passed at my Office in
lreveport, La, this Goth day of June,
D. 1907.
A. c. PITTS,
Subscribing for $40 shares.
L. R. LAWHON,
Subscribing for 300 shares.