The Caucasian. (Shreveport, La.) 1900-192?, 1907-12-26

performing the duties OF the president
Such board shall continue in office
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, in one of the daily newspapers
published at the donicile of the corpora
ton; and the board of directors shall ap-
point one or more stockholders to pre-
side at such election as commissioner.
In event of the. failure of commission
er to attend, the president shall by ap-
pointment fill the vacancy. Any failure
from any cause whatever to elect dlrec-
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
shah 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 i'll his name,
and MAY vote by proxy lie election Of
directors shall be by ballot, and the ma
jorlty in 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-
tots 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 dlscre-
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 general meeting
fof 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 daily news
paper published at the domicile of the
corporation, and 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 ATTY cause, the liftti 1atieH eff its
affairs shall be conducted by two COM
missioners, selected from the stockhold-
ers, with like assent, and at a meeting
called for that purpose, as above set
1OItn III In1S article. Said commissions
ers shall remain in office until the af-
fairs of said corporation shall have
been ftilly 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
| poration on the shares of stock sub
scribed for or owned by him, nor shall
any informally in organization have the
effect of rendering this charter null, or
of exposing a stakeholder to any liabil-
ity beyond the unpaid balance, if any, OF
his stock
Thus done and passed at my notarial
office in the city of Shreveport, Louis
lana, on this the grid day of December
A. D. 1907, in the presence of S. A. Guy
and w. G. Stinson, competent witnesses
who hereunto sign their names, togeth-
er with said parties and me, notary, at