The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-05

10 change ut pleasure: to hold. receive
lease and purchase. ALLEVIATE and convey
as well as mortgage and hypothecate
property. real and personal and mixed
90 name and appoint such managers, dr-
rcctorS. officers and agents as the inter
1t of such corporation may require. and
20 make and establish such bylaws.
rules and regulations for the proper
management of the affairs of said cor
)oration as may be necessary and prop
rr. and the same to alter at pleasure.
ARTICLE H.
The domicile of this corporation shall
,c At Shreveport, Caddo Parish, State
# ousia1ia. and all citations and legal
Processes shall be served on the prcSi-
lent IF the corporation. or i'll his alb
,cncc al the office of the corporation ac-
urding To Article 1oS, Code OF Practice
# louisiana.
ARTICLE Ill
he purposes for which this corpora
ION is organized and the nature of the
business to be carried on by it are de-
Jared to be a general mercantile and
,lantlng business and all business mci-
lent thereto.
ARTICLE ".
The capital stock of this corporation
; hereby fixed at the sum Of fifty thous-
nd ($soooo oo) dollars. to be divided
nto five hundred (5oo) shares of one
lundrcd t$Ioooo) dollars per share, and
he corporation may begin business when
ghtccn thousand dollars OF the stock is
subscribed The stock shall be paid for
Il cash or its equivalent when subscribed
cSs than par in payment for the prop
rty purchased by the corporation,
ARTICLE V.
All the corporate powers of this cor
)oraton shall be vested in board of
lircctors. to be composed of three CD
stockholders. which board shall be elect
d annually on the second Monday in
January, beginning in the year 1908.
he first board of directors IS declared
o be w H. Williams, president; J. II.
Jordan. vice president; and J. c. Foster,
secretary and treasurer. This said board
5 to serve until the second Monday in
January 1908 aforesaid, or until their
successors are duly elected thereafter,
md such new board shall elect its presi
lent and secretary and treasurer. The
directors shall be elected by the stock
holders: each share of stock to be en-
tiled to one vote to be cast by its own
er in person or by proxy, and a majority
Of votes shall elect. Three directors
shall constitute quorum. The president
nay appoint from time to time, and dis
Mss such clerks. agents and other EN-,
,loyes as may be deemed necessary for
he purposes and business of this cor
,oration The board Of directors may
make all such rules and regulations for
he management of the business as they
may deem necessary: shall have power
o collect debts, borrow money, issue
bills Of exchange, notes, execute mort
cages and generally to do all things in
corporation.
ARTICLE VI.
This charter may be modified chang
ID or amended and said corporation dis
solved with the consent of three fOurths
in amount Of the capital stock repre-
sentcd at any general meeting of stock
holders convened for the purpose after
I'VE days previous notice of said meet
ing shall have been published in one OF
the daily newspapers of the City o.
Shreveport; meetings OF stockholdcr'
for other purposes than change of the
charter or dissolution shall be called BY
loticc in Shreveport paper as afore'
said Whenever this corporation Is dis
solved. by limitation or otherwise, it
# fairs shall be liquidatcd by two com
missioncrs elected by the stockholders
who shall have full power to wind up It
affairs, settle its liabilities and distribute
the proceeds among creditors and stock
holders.
ARTICLE VII.
No stakeholder shall ever be ncld LA
| bic Tor the contracts or faults of thI
corporation III any further sum than th'
unpaid balance due to the company OF
shares Of stock subscribed for.
All sales or transfers of stock mus
first be made on the books of the com
pany to be valid.