The Caucasian., 1909-08-01

on which date and thereafter annually
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 for
that purpose shall not dissolve the cor
poration, but the directors then in of
fee, as well as the officers of the cor
poration, shall hold over until their sue
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 the majority in amount
of votes cast, each share of stock voted
to be counted as one vote, shall elect
the person for whom cast. After each
election the board of directors shall
elect from their own number the officers
of this company.
ARTICLE v.
The board of directors shall have
full power to FIJI vacancies in their
number caused by death, resignation or
otherwise, from among the stockholders
of the corporation. They shall have full
control of the property of the company
and shall SO conduct, manage and use
the same as in their discretion they
deem fit, and that is consistent with the
objects of this company, or the welfare
|of the same. They are authorized to
adopt Isuch bylaws, rules and regula-
tions as the affairs or business of this
corporation may require, and as it may
deem necessary fer the management and
conduct thereof; provided the same
shall not conflict with this charter or
with the laws of the State or United
States The president is authorized to
appoint such officers, agents. employees,
servants or clerks as he may 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 the names
of all persons appointed by him and
dismissed by him to the board of difec-
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-
fed or amended, the capital stock in
creased or decreased, or this corpora
ton may be dissolved at a general meet
ing of the stockholders convened for
that purpose, with the assent of three
fourths of the entire capital stock,
whether present or represented at the
meeting Ten days prior notice shall be
given in any newspaper published in
this city. In case of dissolution or ter
1nination of this corporation, either by
limitation of its charter or otherwise.
the liquidation of its affairs shall be
conducted by three commissioners, sell
ected from the stockholders with the
like assent, at meeting called for that
purpose, as above set forth in this ar
ticle. Said commissioners shall remain
in Office until the affairs of this corpora
ton shall have been fully liquidated.
ARTICLE VII.
No stockholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid bal
ance due the company on the shares Of
stock subscribed for or owned by him,
nor shall any informality in organiza-
ton have the effect of rendering this
charter null or Of exposing stock
holder to any liability beyond the un-
paid balance, if any. on his stock.
Thus done and passed at my notarial
Office in the City of Shreveport Louis
lana, on the day. month and year here
in first above written, in the presence
of r. P. Moore and Walter H. Polk,
competent witnesses, together with APP
pearers and me, notary, after reading of
the whole.
w, o. BRICE.
R. A. GRAIN.
F. G. FULKERSON.
Witnesses:
R. P. MOORE.
WAITER Fl POLK