The Caucasian. (Shreveport, La.) 1900-192?, 1907-12-12

five years from and after the date here
of. sue and be sued to make and use
4 corporate seal. and same to change at
pleasure; to hold, receive, lease and
purchase. ALLEVIATE and convey. as well
AS mortgage and bypothccate property.
real. personal and mixed; to name and
appoint such managers, directors. of
hccrs and agents as the interest Of such
corporation may require. aud to make
and establish such bylaws. rules and
regulations for the proper management
of the affairs Of said corporation as may
be necessary and proper. and the same
to alter at pleasure.
ARTICLE II.
The domicile Of this corporation shall
he in Dixie. Caddo Parish, La. and all
citations and other legal process shall he
served OH the president of the corpora
ton, or in his absence on the secretary.
ARTICLE III.
Ole purpose for which this corpora
ton is organized are DECLARED to be the
conducting in the parish of Caddo of al
general mercantile business.
ARTICLE ".
The capital stock Of this corporation
is hereby fixed at the sum of twenty
thousand dollars to be divided into twol
hundred shares Of the par value of one
hundred dollars each, the corporation toll
begin business when ten thousand dol
lars of the capital stock subscribed and
paid in; said stock shall be paid for in
cash or i'll property of this equivalent in
such manner as the board Of directors
may determine
ARTICLE V.
| All the corporate powers Of this cor
poration shall be vested in a board of
directors to be composed Of three stock
holders, which board shall be elected an
nually on the first Monday i'll January,
beginning with the year 1908. The first
board of directors shall be composed of4
| J. NJ. Sentell, president; W. H. North, ,
vice president; J. S. Douglas, secretary
and treasurer. The said board to serve
until the first Monday of January 1909, l.
or until their successors are duly elect
ed. The directors shall be elected by !
| the stockholders, each share Of stock toll
! be entitled to one VOTE to be cast by its i
owner i'll person or by proxy. and the |
majority of votes shall elect. The boar j |
of directors may make all such rules and
regulations for the management OF the |
business as it may deem necessary and
eXpedient. 4
ARTICLE ".
This charter may be modified, changed
or amended, or said corporation dis |
solved with the consent of three fourths |
Of the amount of capital stock represent
ed at meeting of the stockholders con-
vened for that purpose. There shall be !
ten days notice Of such intended meet
ing published in one of the daily news 1
papers of the City of Shreveport or mol
tice Of such meeting mailed to each :
member by the secretary ten days before I
the date of the meeting. Whenever this
corporation is dissolved by limitation
or otherwise its affairs shall be liqui- |
dated by two commissioners elected by |
stockholders, who shall have full power |
to wind up its affairs, settle its liabilities |
ana distribute the proceeds among the
creditors and stockholders.
ARTICLE VII
No stakeholder shall ever be liable
for the contracts or faults of this cor
poration in any further sum than the
unpaid balance due to the company on
shares of stock subscribed for, or owned |
in organization have the effect of rem
dering this charter null. or exposing
stakeholder TO any liability beyond the
amount of his stock due by him as
aforesaid All sales or transfers of stock
must first be made on the books Of the
company to be valid.
Done and passed in my Office in Ca lido
Parish, La, in the presence of w. P.
Hall and ]. +. Looney, competent wit
nesses, on this 22nd day of Novem
Der 1907.
J. M. SENTELL.
JOHN GLASSELL. JR
J. S. DOUGLAS.
w. r. NORTH.
Attest:
]. f. LOONEY.
w. P. HALL.
GEO. WHITFIELD JACK.
Notary Public.
State of Louisiana, Parish of Caddo: