The Caucasian., 1907-02-28

as well as mortgage and hypothecats
property, real and personal and mixed
to name and appoint such managers. di
rectors, officers and agents as the inter.
est OF such corporation may require, and
to make and establish such bv-laws
rules and regulations for the proper
management of the affairs Of said cor
poration as may be necessary and prop
er, and the same to alter at pleasure -
| ARTICLE IL.
| The donlicile of this corporation shall
be at Shreveport, Caddo Parish, State
Of Louisiana, and all citations and legal
processes shall be served on the presi-
dent of the corporation, or in his ab.
Sence at the office of the corporation ac-
cording to Article IoS, Code of Practice
| Of Louisiana
ARTICLE III.
| he purposes for which this corsora-
ton is organized and the nature Of the
business TO be carried on bv it are de-
clared to be a general mercantile and
planting business and all business Incl
tdent thereto.
ARTICLE ".
The capital stock of this corporation
| IS hereby fixed at the sum of fifty tho,s-
| and ($so,oOooo) dollars, to be divided
| into FIVE hundred f5oo) shares of one
hundred ($IooOO) dollars per share. and
the corporation may begin business when
eighteen thousand dollars OF the stock is
subscribed The stock shall be paid for
III cash or its equivalent when subscribed
for. or the same may be issued at not
less than par in payment for the prop
erty purchased by the corporation.
ARTICLE V.
All the corporate powers Of this cor
poration shall be vested in board of
directors, to be composed of three (3)
stockholders, which board shall he elect
ed annually on the second Monday i'm
January, beginning in the year 1908
The first board of directors is declared
to be w, H. Williams, president; J. II.
Jordan, vice president and ]. C. Foster,
secretary and treasurer. This said board
is to serve until the second Monday in
january 1908 aforesaid, or until their
successors are duly elected thereafter,
and such new board shall eject 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 sne 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 efu-
ployes as may be deemed necessary for
the purposes and business of this cor
poration. The board of directors may
make all such rules and regulations for
the management of the business as they
may deem necessary; shall have power
to collect debts, borrow money, issue
bills of exchange, notes, execute mort
cages andsgenerally to do all things in
cident to the objects and purposes Of the
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
1--we 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 /
sharter or dissolution shalltbe called by /
notice in a Shreveport paper as +afore-
'aid. Whenever this corporation is dis
solved, by limitation or otherwise, ,its
affairs shall be liquiiated by,-tw COM
nfssioners elected by. the stockholders,
who shall have lllpower to wind up its
Iffairs, settle its liabilities and distribute
he proceeds among creditors and stock
loiders.
ARTICLE VII.
No stookholder shall ever beriseld .ha-
lie for the contracts OF faults of this
orporation in any further sum tiianathe
unpaid balance due to the company on
faress of stock subscribed for. l.
ALI sales or transfers of stock u,itst
rst be made on the books of the COM
any to be valid.
Done and passed in my tioffiee in the
resence of ]. c. Pngh and S. S. Max-
tell, competent witnesses, this petii day
t January A.@D 1907.
w. III. WILLIAMS, 90 shares
]. Fl. JORDAN, 20 shares.
e ROSTER. 6r, -sl.araa