The Caucasian. (Shreveport, La.) 1900-192?, 1909-09-28

and requisite ana lIlSldSLlldl W lllS az
complisIsnent, carrying o&t and execut-
ing of the general uses, objects and
purposes of said corporation, in the
State of Louisiana, or in other States
of the United States, or in foreign coun--
tries, as above stated.
ARTICLE III.
The authorized capital stock of said
corporation is hereby fixed at one mil
lion dollars ($I,ooo,ooo.oo), consisting
of, and divided into, ten thousand
(1o,ooo) shares of one hundred dol
lars ($1oooo) each; and said corpora,
ton may commence business when four
hundred thousand dollars ($4oo,ooooo)
of its capital stock is subscribed for and
actually paid to said corporation; and
the capital stock of said corporation
shall be paid in cash or its full equiva-
lent in value by the transfer of property
to said corporation, or by the rendition
of services thereto, as may be author
lied and provided by the board of direc-
tors of said corporation; but no certl-
ficate of stock of said corporation shall
ever be issued until said corporation
shall have first received the full face
value thereof, and the board of direc-
tors of said corporation shall determine
the time when, and the manner IN
which, payment of capital stock of said
corporation subscribed for shall be paid
No transfer of stock of said corpora
ton shall ever be made except on the
books of said corporation at its office
at the domicile of said corporation at
the City of Shreveport, Caddo Parish,
Louisiana No stakeholder shall ever
sell or transfer his stock to any person
except to said corporation and the
other stockholders thereof until after
ten (Io) days previous notice of his In
tention to sell or transfer same, shall
have been given to said corporation and
the other stockholders thereof, by post
ing said notice at the office of said cor
poration, and pending said delay said
corporation and the other stockholders
thereof shall have the preference right
to buy and acquire said stock at its full
market value, and the secretary of said
corporation shall have no right to trans
fer the stock on the books of said cor
poration until evidence of such previous
posting and offering of the same to said
corporation and other stockholders
thereof, shall first have been produced.
Any person purchasing stock which has
not been so previously posted and Of
fered for said period of time to said
corporation and the other stockholders
thereof, shall take the same subject to
the right of said corporation or OF the
other stockholders thereof, to claim and
purchase same on paying him the mar
ket price for same. Any stakeholder
shall have the right at any time to sell
and transfer his stock to said corpora
ton or another stakeholder thereof. At
all meetings of stockholders each share
| of stock shall be entitled to one (I)
vote. and at such meetings the stock
holders may vote either in person or by
proxy.
| ARTICLE ".
Said corporation under said name and
little, shall have the power and author
lily to sue and be sued, to plead and be
implicated, and to make, execute, and
sign, and endorse, transfer, and assign
contracts, bills of exchange, checks and
Ipromissory notes and all other obliga-
Itions; to purchase, own and sell, real
ESTATE, buildings, timber lands, timber
land timber rights, machinery, personal
property and rights and credits which
Imay be necessary, relative and inciden.
Ital for the general uses, objects and
purposes of said corporation, as above
Istated, and the same to pledge, mort.
gage, hypothecate, cucumber, ALLEVIATE
lsell and dispose of; and to employ anc
discharge all necessary agents, represen
Itatives, managers, contractors, servants
land employees to borrow money anc
lcontract debts and to secure the sam,
by mortgage, pledge or deed of trust o
1.-THE property Of said corporation; ant
Ito make and use common seal witt
such device and inscription as may b
necessary, and the same to break, alte'
Tor amend at pleasure; and to make al
. necessary rules, regulations, bylaws AM
ordinances, and to do everything, need
full for the good government, conduct
maintenance, operation and support o
said corporation for its general uses
objects and purposes as above stated
mot repugnant to law.
ARTICLE "
: The corporate powers of said corpor
alton are hereby vested in its officer
i and board of directors. Until the sec
, Iond Tuesday in October A. D. 1909, tn
: board of directors shall be three go i
] number with president, a vice pres
!, dent and a secretary who shall be eS