The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-28
ARTICLE II.

ton Is established and the nature of the
business to be carried on by it are~here
by declared to be to manufacture, buy
and sell lumber and timber, and to build
and operate saw mills and planning mills,
together with such railroads, telegraph
and telephone lines as may be incident
thereto, and to conduct in connection
Herewith a general mercantile business
with full power to buy. sell or exchange
timber and timber lands necessary in the
conducting of a general saw mail and
lumber business in the States of Louis
lana and. Texas and elsewhere as the
BOARD of directors may determine.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at six hundred thousand
dollars, divided into six thousand shares
oi one hundred dollars each, and shall
commence business as soon as three
thousand shares of said capital stock
shall be paid for in cash or property ac-
tually delivered or services rendered to
the corporation, and shall be due and
payable in such amount and at such
time as the boarI of directors may de
termlne.
ARTICLE ".
The affairs Of this corporation shall
be managed by board of directors
composed of seven stockholders, who
shall be elected annually on the third
Tuesday in March 1908 and annually
thereafter. as a meeting of the stock
holders called for that purpose after ten
days printed notice i'll a newspaper pub
lished in the City of Shreveport, Louis
lana; provided, that said stockholders
may, by unanimous consent in writing,
waive such notice of such meeting OF
stockholders, except when otherwise
provided by law. Until said election on
the third Tuesday in March 1908, the
board of directors of this corporation
shall be F. A. Frost, who shall be presi-
dent; Fl. H. Wheless, who shall be first
vice president; G. S. Prestridge, who
shall be second vice president; R. D.
Collins, who shall be secretary, and F.
T. Whited, who shall be treasurer, with
G. A. Kelly and w. J. Townsend, who
shall serve until their successors are
duly elected and installed.
In all stockholders meetings each
share of stock shall have one vote, to
be cast by its owner in person or
through and by written proxy, and in
all such meetings majority of the stock
present and represented shall control.
ARTICLE v.
This charter may be amended or abol-
ished and this corporation may be ter,
minated at any time by vote of three
fourths of the capital stock of said cor
poration at meeting called for said
purpose, after notice in the time anc
manner provided by law, and whenever
so dissolved by the vote of the stock
holders, Or when terminated by limita
ton, its affairs shall be wound up BY
three liquidators, who shall be selected
by the stockholders and who shall give
such bond and perform such duties a
the said stockholders may prescribe, ane
in the case of death or failure to act OF
the part of said liquidators, the remain
ing liquidators shall appoint successo
to fill such vacancy, and the liquidator
or liquidators, so appointed shall con
form to all of the duties and require
ments specified by the said stockholder
! at said meeting wherein said liquidator
were originally elected.
ARTICLE VI. Il
| No stockholder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this cor
poration in any further sum than tn
unpaid balance due the corporation o.
the shares owned by him, nor shall an
mere informality in the organizatio
have the effect of rendering this charte
null or of exposing stockholder to an
liability beyond the amount of his stock
This corporation shall have all of tn
power and authority vested in corpora
tions under the laws of the State O
Louisiana and especially under Secho
ga of the Revised Statutes of sal
State.
In testimony whereof said partie
have hereunto signed their names i
presence of the undersigned attestin