The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-15

lows N ~. Ayes, IT, N IdN iioii IN ~
Ayers, F. S Ayers, J. F. Bell and r.
IT. Lawhon, with L. r. Lawhon, presl-
dent: N. A. Ayers, vice president, and
F. S. Ayers, secretary All
officers and directors shall serve until
their successors are elected Service of
all legal process shall be made on the
vice president, Or in the absence Of both
on the secretarytreasurer, at the office
of the company. The board of directors
may appoint such managers, agents or
sub officers as til interests of the cor
poration may require and make and es-
tabish such bylaws as may be ncces-
sary and proper for the management and
Regulation of the affairs of the corpora
ton If any vacancies occur a'long the
,ticers OF directors the remain 1g direc-
tors may select stockholders To- fill the
same. The board of directors snail have
the power to borrow, and lent. money;
issue bills of exchange, motel, bonds,
drafts, and all other negotiable paper !;
execute mortgages and general to do
all things incident to the objects and
purposes of this corporation.
ARTICLE V.
| The capital stock of this corporation
shall be seventy five thousand dollars
| ($7s,ooooo) divided into seven hundred
and fifty shares of the par value OF one
hundred dollars ($IooOo) each. his
stock shall be paid for in cash or Its
equivalent at the time of its subscription
unless other terms are allowed by the
board of directors The corporation IS
authorized to commence business when
fifty thousand dollars ($5o,ooooo) OF
1.-The capital stock shall have been sub
Iscribed and paid for. No stockholder
shall be liable for more than the unpaid
balance on the stock subscribed for by
him, nor shall any mere informality il
the organization have the effect Of rem
dering the charter null or of exposing a
stockholder to any liability beyond the
lamOunt OF his STOCK.
ARTICLE vi
The directors shall be elected by bal
lot at the regular annual meeting calleo
: for that purpose, or any meeting ad
iourned from same. At all stockholders
: meetings each share of stock shall be Ell
titled to one vote, a stockholder ma,
vote by proxy. A majority of the stock
holders shall constitute quorum,
majority of the stock present shall elec
directors Special meetings may b
called at the pleasure of the presiden
j, OF on demand of three stockholders h
stockholders of this corporation at
general meeting called for that purpase
lon demand OF three stockholders, ma
Imodify, add to, change, alter or amene
|or dissolve the corporation with the as
sent of three fourths of the stock repre-
;, sented at such meeting. This shall no
, apply to increasing or decreasing tn
|captal stock which is done under specla
laws. Ten days written notice of an
, meeting shall be mailed to- address o
each shareholder by the secretary.
dissolution be determined on, maiorit
of the stock present shall elect thre
- liquidators at the meeting 50 determil
i ing, and shall provide for filing any po:
sible vanacies among said llquidator
ii In testimony of the above articles {
incorporation, in the presence of the a
Itesting witnesses, and before me, notar
the undersigned incorporators hay
. Ihere,nto set their names.
Done and passed at my office
Shreveport, Louisiana, this first day
r August A. d. 1907.