The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-12
ARf1CI.E ~.

ARTlCI-E ~.
Ihc capital stock Of Chs corporation
Pts hereby fixed at the sum of fifty thous-
and ($so,ooo.oo) dollars, q, be divided
into five hundred 5000 shares of one
hundreS ($loooo) dollars per share, and
the corporation may begin business when
eighteen thousand dollars of the stock is
subscribed The stock shall be paid for
in cash or its equivalent when subscribed
for, or the same may be issued at not
| less than par in payment for the prop
ferty purchased by the corporation.
ARTICLE b.
All the corporate powers of this cor
poration shall be vested in board Of
directors, to be composed of three CD
stockholders, which board shall be elect
ed annually on the second Monday i'll
January, beginning in the year 1908
The first board of directors is declared
to be w. II. Williams, president; ]. II.
Jordan, vice president; and ], {. Foster,
VI
is to serve until the second Monday in
January 1908 aforesaid, or until their
successors are duly elected thereafter,
and such new board shall elect its presi-
dent and secretary and treasurer. The
directors shall be elected by the stock
holders; each share of stock to be en-
titled to one. vote to be cast by its own
er in person or by proxy, and majority
of votes shall elect. Three directors
shall constitute quorum. The president
may appoint from time to time, and dis
Miss such clerks, agents and other cru
ployes as may be deemed necessary fol-
he purposes and business of this cor
make all such rules and regulations for
The management of the business as they
may deem necessary; shall have power
to collect debtss borrow money, issue
bills of exchange, notes, execute mort
cages and generally to do ALI things in
cident to the objects and purposes Of the
corporation
ARTICLE VI
This charter may be modified, chang
ed or amended and said corporation dis
solved with the consent of three fourths
in amount OF the capital stock repre-
sented at any general meeting Of stock
holders convened for the purpose after
five days previous notice Of said meet
ing shall have been published in one of
the daily newspapers OF the City OF
Shreveport meetings of stockholders
for other purposes than change Of the
charter or dissolution shall be called by
notice i'll Shreveport paper as afore-
said Whenever this corporation is dis
solved, by limitation or otherwise, its
affairs shall be Iiquidated by two COM
missioners elected by the stockholders,
who shall have full power to wind up its
affairs, settle its liabilities and distribute
the proceeds among creditors and stock
holders.
ARTICLE VII.
No stakeholder shall ever be held la
bic for the contracts or faults of this
corporation in any further sum than the
unpaid balance due to the company on
shares Of stock subscribed for.
All sales or transfers of stock must
first be made on the books of the com
pany to be valid.
Done and passed in my Office in the
presence of ]. c. Pugh and s. S. Max
we'll, competent witnesses, this eoth day |
of January A. d. 1907.
w. H. WILLIAMS, Go shares
J. II. JORDAN. TO shares
J. c. FOSTER, 20 shares.
Witnesses:
]. c. PUGH.
s. S. MAXWELL.
J. A. THIGPEN,
Notary Public.
hereby certify that / have examined !
The foregoing charter. and finding MOTH
ing therein contrary to law, and there
tore approve the same, this goth day OF
January A. d. 1907.
J. NJ. FOSTER,
District Attorney First Judicial Distrc,
of Louisiana.
Endorsed: Filed and recorded Janu-
iry 10, 1907.
S. o. WILLIAMS,
Deputy Clerk and exOfficio Deputy Re
corder, State OF Louisiana, Parish
OF Caddo.
State of Louisiana Parish of Caddo:
hereby certify that the above and fore
.oing is a true and correct copy of the
original act, as the same now appears
N file and of record in my office
Given under my hand and seal of of
ice this aoth day of January 1907.
S. O. WILLIAMS,
Deputy Clerk and ex-Officio Deputy Re-
corder.
Jan. 81.