The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-13

this corporation is organized and the ma
ture of the business to be carried on by
it are declared to be: To conduct and
carry OH business of wholesale grocers
and commission merchants.
ARTICLE III.
The capital stock of this corporation
shall be twenty-five thousand dollars
($e5. ooooo), divided into and represent
ed by two hundred and fifty shares
(25o) of the par value of one hundred
dollars ($rodoo) each, which stock shall
be paid for in cash or in property. rights
and credits actually received by said
corporation at time of subscription or
when called for by the board of direc-
tors of this corporation, provided that
no stock shall be issued until the con-
sideration therefor has been received by
said corporation. This corpo1 Ation is
authorized to commence business when
fifteen thousand ($15ooooo) dollars of
the stock shall have been subscribed and
paid for.
ARTICLE w.
The corporate powers OF said corpor-
alton shall be vested in and exercised by
a board of directors of three 60 stock
holders. The following persons shall
constitute the first board of directors,
viz: w. F. Taylor, ]. H. Jordan and
C. L. Nelson. with W. F. Taylor as
president and c. L. Nelson as secre-
tary and treasurer. The said ofhcers and
directors shall hold their Office until the
second day of January A. D 1910, or
until their successors shall have been
duly elected and qualified. On the said
day of January 1910, and annually
thereafter board of directors shall be
elected, unless said date shall be a legal
holiday, in which event the first legal
day thereafter. Notice of the said elec-
ton shall be given by ten days notice
sent by mail to each stakeholder. The
board of directors shall appoint one or
more stockholders to preside at such
election Any failure. from any cause
whatever, to hold such meetings or to
elect said board Of directors on the day
named for that purpose, shall not dis
solve said corporation, but the directors
and officers then in Office shall hold over
until their successors are chosen and
qualified. At every election and stock
holders meeting each stakeholder shall
be entitled to one vote for each share Of
stock registered on the books OF the cor
poration in his name. Votes may be in
person or by proxy authorized in writ
ing. After each election the board Of
directors shall elect from their number
the above named officers.
ARTICLE V.
This charter may be changed, altered
or amended Except to increase or de-
crease the capital stock) or the corpora
ton may be dissolved at general meet
ing convened for that urpose, with thu
assent of thrse-fourths go of thu
capital stock of this corporation repre-
sented at such meeting. Ten days prior
notice of such meeting shall be given b,
publication as herein provided for. 1r
case of the dissolution of the corpora
ton by limitation or otherwise, its at
fairs shall be liquidated by three com
missioners selected by and from among
the stockholders. at meeting called
after due notice, for this purpose.
No stakeholder shall ever be hell
liable or responsible for the faults o.
contracts of the corporation in any fur
Their sum than the unpaid balance du'
the corporation on the shares of stool
subscribed for or owned by him, no
shall any informally in organization
have the effect of rendering this charte
null or exposing stockholders to an.
liability beyond the amount of his stock
Done and passed at my Office in SAT-
Parish in the presence of w. H. Wis
and S. o. Williams, competent wit
nesses, who signed these presents to
gether with said apearers and me, no
tary, after due reading of the whole.
w. F. TAYLOR.
c. L. NELSON.
J. H. JORDAN.
HERMAN LOEB.
| S. J. HARTMAN.
| E. H. RANDOLPH.
| R. A. GRAY.
I R. r. EMERY
| r. H. GRAY.
S. S. HUNTER.
4 Attest:
w. H. WISE.
S. O. WILLIAMS. -
A. B. FREYER,
Notary Public Caddo Parish Lo,,isian
State of Louisiana, Parish of Caddt
After examining the above and foreg'
ing act of Incorporation and fndir
nothing therein contrary to law, / her,
nv annrove The came Done and siQn<