The Caucasian. (Shreveport, La.) 1900-192?, 1907-05-09

snail be hive thousand ($5,ooo.oo) dol
lars, divided into fifty shares of one
hundred ($Ioooo) dollars each, as par
value, to be issued for cash, or its
equivalent; and this corporation shall
become going concern as soon as thir-
ty (3o) shares of its said stock shall be
subscribed and paid for.
ARTICLE V.
All the powers of this corporation
shall be vested in and be exercised by a
board of directors, and all the business
affairs shall be conducted by said board,
to be composed of not less than three
and not more than FIVE stockholders,
who shall be elected annually, by bal
lot, at a meeting to be held on the first
Monday in May 1908, and thereafter,
at which time officers shall be elected
and shall hold their respective Offices
until their successors arc elected and
qualified. Vacancies occurring in said
board, from whatever cause, shall he
filled by the remaining directors.
1
power to make all bylaws necessary
for the conduct of the affairs of said
corporation, shall elect from their num-
Der a president, vice president, sec
retary and treasurer. provided, how
lever, director may fill any Office in
connection with the Office of treasurer
and shall also appoint such other Of
Ulcers, agents and employees as may to
lsaid board seem necessary; a majority
thkkeof shall constitute quorum for
1.-THE transaction of any and all business.
| Until election hereinabove provided
for, and until the officers shall have
J been elected and qualified, the follow
ing shall constitute the first board of
directors and officers of said corpora
Ition: H. B. Scofeld, president; H. w.
Sco6eld, vice president; and Sterling
Palmer, secretary and treasurer.
Notice of said election shall be given
by ten days notice in any one of the
public newspapers published in the city
of Shreveport At all meetings of stock
holders, upon all questions, a Majority
of all stock voting shall prevail, and
each share shall be entitled to one vote
ARTICLE VI.
This act of incorporation may be al
tered and amended by vote of three
fourths in amount of the capital stock
re ut
lmay be dissolved by a vote of three
fourths in amount of said stock, at a
general meeting of the stockholders
convened for that purpose, after ten
days of prior notice of such meeting
shall have been published in one of the
daily newspapers of the city of Shreve-
. port and a copy of said notice mailed to
each stakeholder at his last known place
Of residence
ARTICLE VII.
Whenever said corporation shall be
dissolved by expiration of its charter,
or sooner, by vote of the stockholders
two liquidators shall be elected by the
stockholders at a general meeting held
latter ten days notice, as above pro-
vided These liquidators shall continue
, in office until the full liquidation of the
, AFFAIRS of said corporation. and in case
j, of the death or disability of either or
, them, the stockholders may elect sue
icessor, or, if they do not elect sue
cessor, the powers of both hquidators
shall be vested in the surviving liqui-
dator.
ARTICLE VIII.
No stakeholder of this corporation
. shall ever be held liable or responsible
for the contracts or faults of the cor
poration in any further sum than the
unpaid balance due the corporation on
the shares of stock owned by him; nor
shall any informally in organization
have the effect of rendering this char
ter null or of exposing stakeholder
, beyond such unpaid balance, if any.
Done and passed at my Office in the
8 city of Shreveport, on this the 9th day
of May 1907, in the presence of ].
c. Pugh and P E. Townsley, competent
, witnesses, and me, notary, the said in
icorporators subscribing for the number
of shares of the capital stock of this
corporation set opposite their names.
H. B. SCOFIELD,
Subscribing for 80 shares.
STERLING PALMER,
Subscribing for shares.
H. w. SCOFIELD,
Subscribing for 1 share.
Attest:
]. c. PUGH.
P. E. TOWNSLEY.