The Caucasian. (Shreveport, La.) 1900-192?, 1909-09-16

rights and credits, and to do all other
acts and things, which may be necessary
and requisite and Incidental II the &C.
complishment, carfs8x at and exeeut-
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 ($I,oooooo-oo), consisting
of, and divided into, ten thousand
| (1o,ooo) shares of one hundred dol
lars ($Ioo.oo) 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 certi-
Ifcate 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 othce
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 (1o) 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 tui
market value, and the secretary OF said
l corporation shall have no right to trans
: fer the stock on the books of said cor
: noration until evidence of such, previous
! posting and offering of the same to sait
Z corporation and other stockholder
{ thereof, shall first have been produced
i Anv nerson purchasing stock which f1a
b not been SO previously posted and OF
fered for said period of time to SAT-
corporation and the other stakeholder
II thereof, shall take the same subject +
d 1.-THE right of said corporation or OF tn
IS other stockholders thereof, to claim an
E, purchase same on paying him the mar
r, ket price for same Any stockhoi1e
le shall have the right at any time to SCI
S and transfer his stock to said corpora
n ton or another stakeholder thereof a
e, all meetings of stockholders each shar
e, Eof stock shall be entitled to one Il
i'd vote. and at such meetings the stock
ID holders may vote either in person or
Of lproxy.
ne ARTICLE Nv.
:. Said corporation under said name an
Id little. shall have the power and author
I'd ity to sue and be sued, to plead and
nd implicated, and to make. execute, ar
no sign. and endorse, transfer, and assig
u contracts, bills of exchange, checks ar
ng promissory notes and all other oblig
he tons; to purchase, own and sell, re
of estate, buildings, timber lands, limb
m and timber rights, machinery, person
o. property and rights and credits Whi'
II. NAV be necessary, relative and incide
rs. Ital for the general uses, objects Al
oh purposes of said corporation, as abo
1r- stated, and the same to pledge, moi
ma, gage, hypothecate, cucumber, aliena
es. sell and dispose of; and to employ a.
sn, discharge all necessary agents, represe
WI, tatives, managers, contractors, servaI
nd and employees; to borrow money a
ing contract debts and to secure the sal
abb by mortgage, pledge or deed of trust
of the property of said corporation a
the to make and use common seal W
md such device and inscription as may
one necessary, and the same to break, al
all or amend at pleasure; and to make
or necessary rules, regulations, bylaws
uct. ordinances, and to do everything, me-
on, full for the good government, cond'
ing maintenance, operation and support
all said corporation for its general u
pill objects and purposes as above stat
aph not repugnant to law.
and ARTICLE v.
us The corporate powers of said corp
tied alton are hereby vested in its ofhc
in and board of directors. Until the
OF, ond Tuesday in October A. D. 1909,