The Caucasian. (Shreveport, La.) 1900-192?, 1907-01-17

constitute a quorum for the TRANSACTION
of business. and their decision shall be
corporate acts The following persons
shall constitute the first board of direc-
tors: q. W. Signor, Charles w. Bill
letter and Frank Fonvlle', with George
w. Sisnor as president, Charles w. Bill
| letter aS vice president and Frank Fon-
vile as secretary and treasurer. No per-
son shall be eligible as a director or OF
| hcer who shall not be stakeholder.
| Said board and officers shall continue
IN office until the first Monday in Feb
| ruary 1908, on which date and thereat>
ter annually board of directors and
officers shall be elected. unless said day
| shall be legal holiday, when the cleo
| ton shall be held on the next legal day
| thereafter Ten days written notice of
said election must be given each stock
| holder. Any failure from any cause to
elect directors on the day named for
| that purpose shall not dissolve the cor
poratlon. but the directors and officers
| then in office shall hold over until their
successors shall be elected.
The election of directors shall be by
ballot. and the majority in amount of
votes cast each share of stock voted to
| be counted as one VOTE shall elect the
| person for whom they are cast. After
each election the board of directors shall
elect from their own members the Of
| hcers of the corporation
ARTICLE V.
The board of directors shall have full
power to fill all vacancies in their num-
Der caused by death, resignation or 9TH
erwise, from among the stockholders of
the corporation. They shall have full
control of the property of the company,
and shall conduct and manage and use
the same as in their discretion they deem
oest. The board of directors is author
zed to adopt such bylaws, rules and
regulations as the business of the cor
| poration may require and it may deem
| necessary, provided same shall not con-
| rllct with this charter or with the laws
If the State or United States. Said
board shall elect or appoint such Off
;ers, agents employees, servants and
clerks as it may deem necessary for con-
| luct OF the affairs of the corporation,
tx their compensation with the right to
| dismiss them at pleasure, and shall fix
| ba ca1a 81 tho &c, hara,,
| ided for
ARTICLE VI.
| The charter may be amended, except
| S to increasing or decreasing its CAPT
| al stock, or this corporation dissolved
It a general meeting of the stockhold-
RS convened for that purpose with the
Zach stakeholder must be notified of
such meeting by writtea, notice mailed
o him at least ten days prior ts<sfhe
holding of such meeting. Should meet
ng be held for the purpose of inceras-
| .ng or decreasing the capital stock of
his corporation, notice of such meeting
shall be given by publication and to the
| stockholders in the manner as specially
| provided by the laws of the State of
Louisiana.
In case of dissolution of this corpora
ion, either by limitation or otherwise,
he affairs shall be liquidated by two
commissioners appointed for that pur-
,ose from among the stockholders to be
ected at meeting called as above>
stated. Said commissioners shall give
such bond and receive such salary as
nay be fixed by the stockholders.
ARTICLE VII.
| No stakeholder of this corporation
| hall ever be held liable or responsible
| Tor the contracts or faults thereof in any
further sum than the unpaid baiaHce~ due
| The company on the shares of stock sub
| ;cribed for or owned by him, nor shall
| my mere formality in the organization
nave the effect of rendering this charter
,ul or of exposing any stakeholder to
my liability beyond the unpaid balance
lue on his stock.
Done and passed at my Office in this
City of Shreveport, Louisiana, on the
day, month and year hereinabove writ
ten, i'll the presence of the two under
| signed witnesses, who sign hereunto
with said appearers, and me, notary, af
ter due reading.
| GEO. w. SIGNOR.
| F. FONVILLE.
| c. w. BILLETTER.
1 Attest