The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-18


a board of directors and officers shall be
elected, unless said day shall be legal
holiday, when the election shall be held
on the next legal day thereafter Notice
of said election shall be given by at least
ten days continuous notice in one OF
the daily newspapers of Shreveport; and
the board of directors shall appoint one
or more stockholders to preside at such
election as commissioners Any failure
to elect directors on the day named fQE
that purpose shall not dissolve the cor
poration, but the directors then in Of
! fee, as we'll as the officers of the cor
poration, shall hold over until their suc4
cessors shall be chosen. In such event
| the president shall call another election
to be held withia thirty days, and shall
give notice thereof as hereinbefore pro-
vided. The election for directors shall
be by ballot, and theSaiority in amourA
of votes cast, each shaIe of stock @6ed
to be counted as one vote, shafp eect
the person for whom cast. Afte2 each
election the board & directdfs STALL,
elect from their own number&1e Offices.
of this company
ARTICLE V.
The board of directors shS1 hase
full power to fill vacancies in Sfleirg
number caused by death, designation or
otherwise, from among tffe stockholders
of the corporation. They shall have 8rll
control of the property of the company
and shall so conduct, manage and use
the same as in their discretion ghey
deem fit, and that is consistent with the
objects of this company, or the welfare
of the same. They are authorized to
adopt such bylaws, rules aid reghsd-
tons as the affairs % business OF this
corporation may require, and asG may
deem necessary for the management and
conduct thereof; provided the same
shall not conflict with this charter or
with the laws of the State or omitted
States The president is authorized to
appoint such officers, agents, employees, |
servants or clerks as he map deem
necessary for the conduct and affairs of
the corporation, fix their compensation,
term of service, with the right to dis |
miss them; he shall submit Che names
of all persons appointed by him and9
dismissed by him to the board of direc
tors, and said board may annul his ac-
ton by a two-thirds vote. The board
shall have the right to fix and deter
mine the salaries, terms and duties of
the officers herein provided for.
ARTICLE VI.
This charter may be changed, modi
led or amended, the capital stock in
creased or decreased, or this corpora
ion may be dissolved at a general meet
ing of the stockholders convened for
hat purpose, with the assent of three
fourths of the entire capital 0stock,
whether present or represented at the
meeting. Ten days prior notice shall be
given in any newspaper published in
his city. In case of dissolution or ter
nination of this corporation, either by
imitation of its charter or otherwise,
he liquidation of its affairs shall be
conducted by three commissioners, sell
ected from the stockholders with the
ike assent, at meeting called for that
purpose, as above set forth in this ar
icle. Said commissioners shall remain
n office until the affairs of this corpora
ion shall have been fully liquidated.
ARTICLE VII.
No stakeholder of this corporation
hall ever be held liable or responsible
or the contracts or faults thereof in
my further sum than the unpaid bal
lnce due the company on the shares of
took subscribed for or owned by him,
Tor shall any inforrnality in organiza-
ion have the effect of rendering this
.harter null or of exposing a stock
lolder to any liability beyond the I'M
,aid balance, if any, or his stock.
Thus done and passed at my notarial
'ffice in the City of Shreveport, Louis
ana, on the day, month and year here
n first above written, in the presence
# R. P. Moore and Walter H. Polk,
witnesses, together with ap-
'earers and me, notary, after reading of
he whole.
w o. BR1CE.
r. A. GRAIN.
F. G. FULKERSON.
Witnesses: