The Caucasian. (Shreveport, La.) 1900-192?, 1909-06-17

establish all necessary laws, rules and
regulations, and to alter and change
same at pleasure.
| ARTICLE III.
The corporate powers of this corpor-
alton are hereby vested in a board of
directors, to consist of three directors,
two of whom shall constitute a quorum
for the transaction of business All di-
rectors shall be elected annually on the
first Monday of January of each year,
beginning January 1910, and they shall
hold Office for one year or until their
successors shall be elected and qualified.
All officers. of the corporation shall be
elected by the disectors out of their
number and shalt consist of the presi-
dent, vice president and seeretary-treas-
urer. The first board of directors.
which shall hold office until their sue
cessors are elected and qualified. are
hereby declared to be: Emanuel Phelps,
Bernard Sokoloski and Benjamin A.
Phelps, with E. Phelps as president, B.
Sokoloski as vice president, and B. A.
Phelps as secretary-treasurer Ali va
cancies in the board Of directors shall
be filled by the board.
ARTICLE "
The capital stock of this corporation
is hereby fixed at the sum of fifty
thousand dollars, divided into FIVE hun-
dred shares of one hundred dollars
each, TO be paid for in cash or in prop
.erty at the discretion os the beard Of
directors This corporation shall COM
rnence business and become going con
cern whenever ten thousand dollars of
the capital stock shall have been sub
scribed and paid for in full, and this
corporation shall have and enjoy cor
porate existence for period of ninety
nine years from the date hereof
ARTICLE ".
This act of incorporation may be
amended or modified, or the corporation
may be dissolved by vote of two-thirds
of the stock present at a special meeting
called for such purpose, after notice
has been given by REGISTERED mail ten
days previous, in which the object and
purpose of the meeting shall have been
stated. Whenever this corporation
shall be dissolved, by limitation or 9th :
erwise, its affairs shall be settled by the
board of commissioners, consisting OF
two liquidators, selected by a majority
of the stock present at meeting called
for such purpose. In case of the death
or inability of either one of the com
missioners to act, the other shall act as
sole liquidator
ARTICLE VI.
No stockholder shall ever be held
liable OF responsible for any of the con-
tracts or faults of this corporation in
any greater sum than the unpaid balance
due on his stock as subscribed NOR shall
any informally in organization have
the effect of rendering this charter null
or of exposing any stockholder to any
tOSo DCyOiiu LIE vi has (dpltdl
stock.
This done and signed in nay Office in
the presence of Sara w. Pearce and J.
A. Thigpen, competent witnesses, on
this the 18th day: of June 1909.
E. PHELPS.
B. SOKOLOSK.
RFN A PHFI IPS
Attest:
J. A. THIGPEN.
SARA w. PEARCE.
S. l. HEROLD,
Notary Public.
There being nothing therein contained
contrary to law, | hereby approve the
lbove and foregoing act of incorpora-
ton. Done and signed officially on this
the 18th day =of June 1909.
J. NJ. FOSTER,
District Attorney.
Endorsed: Filed and recorded June
IS, 1909. w M. LEVY,
Deputy Clerk and ex-Oficio Deputy Re
corder
State of Louisiana, Parish of Caddo;
hereby certify that the above and fore
going is a true and correct copy of che
original act, as the same now appears on
file and of record in my Office. Given
under my hand and seal of Office this
18th day of June 1909
w. NJ LEVY,
Deputy Clerk and ex-Ofieio Deputy Re
eorder. o-I7.