The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-13


affairs as may be deemed necessary and
proper, and the same to change and alter
at pleasure and to do all other acts and
things permitted by law. or as shall or
NAV be necessary and proper to carry
out the objects and purposes of SAID cor
poration.
Said corporation. unless sooner DIS
solved IN accordance with the provisions
Of its charter. shall exist and continue
for the period of ninety (oo) years
from and after the date hereof
The president, or, in his absence. the
vice president or in the absence OF both
of said officers. the secretary y-treasurer
shall be the proper person upon whom
citation or other legal process shall be
served
ARTICLE II.
The objects and purposes for winch
this corporation is organized, and the
nature Of the business to be carried on
by it, are declared tn be the following.
to-wit TO manufacture, purchase and
sell lumber. ties and timber, either
wholesale or retail, to construct, pur-
chase. lease. suitcase. maintain and op-
lumber. and ties into any and all forms,
and to sell same, saw mills. lumber and
tie mills, planning mills, shinglc mills and
other machinery necessary for the man
ufacture of lumber. ties and other artl-
cles of wood: to purchase. own, and sell
timber. timber lands and other lands; to
construct, purchase, lease, suitcase and
operate tram roads, canals. and boats, to
be operated by steam or other motive
power, with all the appurtenances there
unto belonging to operate commlssary
and general merchandise business and
to buy and sell all such classes OF goods.
wares and merchandise as they may de
sire in connection Herewith and to do
any and, all acts necessary and proper
for the successful operation of said
business.
ARTICLE III.
The capital stock of the said corpora
ton shall be twenty-five thousand dol
lars (S25,OoooO), divided into and rep
resented by two hundred and fifty (25o)
shares of the sum of one hundred dol
lars (Sroooo) each, which stock shall
be paid for in cash at the time of sub
scrlption.
ANY stockholder may sell. assign or
transfer his stock in this corporation
provided thirty 800 days prior notice
of such intention to sell. assign or trans
fer the same be given the company, and
the first privilege Of purchasing the
same. after which thirty days notice the
said stock may be sold in open market.
This corporation shall commence do
ing business as soon as all of the capital
stock shall have been subscribed.
ARTICLE ".
The corporate powers of this corpor-
alton shall be vested in and exercised by
board of three CD directors, consist
| ing of the president, vice president ant
| the secretarytreasurer. Two of sale
board shall constitute a quorum for th'
transaction of business. and their de
cisions shall be valid corporate acts.
The following persons shall constitute
the first board of directors: d. G.. Pet
| ty, ST., who shall be president d. q
Petty, Jr., who shall be vice president
and J. J. Marshall, who shall be secre
tary-treasl,rer.
No person shall be eligible as a ii
rector or an officer who is not a stock
holder i'll this company.
During the absence of the presiden
the vice president shall act and preside
Said board shall continue in Office un
il July !, 1908, on which date and there
be elected on the Ist day of July of eacl
year, unless the same should be holl
day, when the election shall be held o.
the next legal day thereafter.
| Notice of such election shall be give
by at least ten (Io) lays continuou
publication Immediately preceding eac
ELECTION. in one of the daily newspaper
of this city; and the board of director
shall appoint one or more stockholders t
he commissioners at such election ]
the event of the failure of any commits
sioner or commissioners to attend, tn
president shall by appointment fill tn
vacancy. Any failure from any caus
Whatsoever to elect directors the ia
named for that purpose shall not dis
solve the corporation. but the director
then in office. as well as the officers {
. said company, shall'hold over until the
successors are chosen. In such evei
. the president shall cause another electio
r to be held within thirty days, and sha
2 give notice thereof as hereinbefore pr'
vided.
D., Al every election and meeting eaC