The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-29


board of directors and officers shall be
elected, unless said day shall be legal
holiday, when the e&ction 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 fill 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
j the same as in their discretion they
i deem fit, and that is consistent with the
i objects of this company, or the welfare
Iof the same. They are authorized to
hadopt such bylaws, rules and regula-
Itions as the affairs or business of this
corporation may require, and as 1t 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 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 ane
dismissed by him to the board OF dlree-
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 O
the officers herein provided for.
ARTICLE VI
This charter may be changed, 1nodi
lied or amended, the capital stock IN
icreased or decreased, or this corpora
, ition may be dissolved at general meet
ing Of the stockholders convened TO
|, that purpose, with the assent OF three
fourths of the entire capital stock
] | whether present or represented at tn
!, meeting. Ten days prior notice shall b
! given in any newspaper published i
: this city. In case of dissolution or ter
mination of this corporation, either b
!, limitation of its charter or otherwise
!, the liquidation of its affairs shall b
: conducted by three commissioners, sci
= ected from the stockholders with tn
!, like assent, at meeting called for tia
= purpose, as above set forth in this al
!: ticle. Said commissioners shall RENAL
:. in Office until the affairs of this corpora
ton shall have been fully hquidated
ARTICLE VII.
- No stakeholder of this corporate
! shall ever be held liable or responsible
T. for the contracts or faults thereof
al any further sum than the unpaid ba
Ill ance due the company on the shares
= stock subscribed for or owned by hir
,e nor shall any informally in organlz
RI tion have the effect of rendering tn
,rI charter null or of exposing stocl
~ holder to any liability beyond the II
bel paid balance, if any, on his stock.
,dI Thus done and passed at my notarl
or Office in the City of Shreveport, Lou
Il lana, on the day, month and year her
Id in first above written, in the presen
he Of R. P. Moore and Waiter H. Pol
ed competent witnesses, together with
Ter pearers and me, notary. after reading
in the whole.
81 w. o. BRICE.
Re R. A. GRAIN.
Re +. G. FULKERSoN,
oil Witnesses:
rtrl 2 P MOORE.