The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-21

ever 1Our IfdndreQ SnareS are Subscribed
and paid for Such stock shall be issued
for cash or its equivalent in property at
its par value, and all stock shall be paid
for in full when subscribed for and shall
be worcestershire The above named
corporatorS subscribe for e number of
shares necessary to complete the organi
cation of this corporation with the sign
ing of this act, in all future issuance Of
stock. each of the then stockholders shall
have the right of purchasing such pro-
portion of the stock to be issued as the
number of shares then held by him bears
to the whole number of shares author
lied under this act. In all stockholders
meetings each share of stock shall be en-
titled to one vote, either by its holder
i'll person or by written proxy, and the
stock of said corporation shall only be
transferable on the books of the com
Dany by the surrender of the outstand
ing certificate of stock and its cancella-
ton.
ARTICLE V.
The affairs of this corporation shall be
managed by board of directors CON
sisting of FIVE stockholders to be elected
by the stockholders at meeting held
| for that purpose on the first Monday in
| December of each year The first board
Of directors shall be G, w. Jack, who
shall be president; J. c. Foster, who
shall be vice president; ]. A. Thigpen.
who shall be. secretary and treasurer,
md ]. S Douglas and l.. n Manahan,
and they will old office until the first
Monday in December 1907 or until their
successors are elected and installed. Any
vacancies occurring in the said board Of
directors by death, resignation or other
wise, shall be filled by the remaining
directors, who shall elect a stakeholder
to fill such vacancy. Said board of direc
tors shall have power and authority to
make any and all contracts in the pur-
chase, lease or sale or mortgage of the
property of the corporation, and shall
employ and discharge at pleasure such
agents, managers or other employees as
may be necessary i'll the management of
/ its affairs
ARTICLE VI.
This charter may be amended or
changed or this corporation may be dis
solved by vote of two-thirds of the
stock at meeting of the stockholders
called for that purpose, after thirty days
advertisement in one of the newspapers
published i'll the City OF Shreveport and
by personal notice mailed to each stock
colder through the mails to his postoffice
address, provided that nothing therein
shall prevent any such stakeholder by
unanimous consent waving such notice
in writing, except than otherwise spe
cially provided by law. Whenever this
corporation is dissolved, either at the
vote of the stockholders or by limitation
Or otherwise, its affairs shall be liquidat
I'd and settled by liquidator elected by
he stockholders at the time of the dis
solution thereof who shall perform such
duties and give such bond and security
5 a majority of the stockholders shall
determine and prescribe.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this cor
2oration in any further sum than the
unpaid balance due to the company on
the shares owned by him, nor shall any
mere informally have the effect of rem
dering this charter null or of exposing
my stakeholder to any greater liability
than the amount of his stock.
In testimony whereof said parties have
ilereunto signed their names on this the
10th day of January 1907, in the presence
Of the undersigned witnesses.
]. S. DOUGLAS.
w. A. OGILVIE
T. w. w. STINSON.
W. A. MARTIN.
L. n MANAHANg
B. KOBLER.
R. LATZKO
G.. w. JACK.
w. 2 HALL.
F. G. THATCHER.
]. A. THIGPEN.
]. C. PUGH.
S. J. HARMON.
T. T. BROWN.
Attest:
T. F. BELL, JR
T. f. STEPHENSON.
FRANK J. LOONEY,
Notary Public.
State of Louisiana, Parish of Caddo:
Having examined the above and forego-
ing act of incorporation, and finding
nothing therein contrary to the law, !
hereby approve same, this the nth day
of January 1907.
J.. M. FOSTER,
District Attorney First Judicial District