The Caucasian. (Shreveport, La.) 1900-192?, 1909-05-30

as common stock, divided into or rep
resented BY seven thousand (7ooo)
shares at one hundred ($Ioo.oo) dollars
each. When issued, the same shall be
paid up stock, and not subject to any
assessment
Section l. Said stock shall be paid
| for at such times and III such manner as
the board of directors may determine.
| The board of directors shall have full
power and control over the sale of all
stock, that may be held by the company,
as treasury stock, with the full power to
sell such treasury stock, to fix the price
at which the same shall be sold, and
also the condition, manner and provis-
ions for the sale thereof stock paid up
and not subject to assessment may be
issued by said board of directors, at not
less than par value, in payment of labor
done or property and rights actually re-
ceived by the said corporation.
ARTICLE V.
| All the corporate powers of said cor
poration shall be vested in and exer-
cised by board of directors, to be
composed of seven CD stockholders,
each of whom must be the owner of at
least ten (1o) shares of the capital stock
of said company, who shall be elected
| he carnp1 Thursday nj
May of each year. All such elections
shall be by ballot and conducted at the
office of said corporation under the SUI
perintendence of three commissioners,
to be appointed by the board of direc-
tors, and of which election ten days
prior notice shall be given III one OF
more newspapers published i'll the cities
of Leesville, State of Louisiana, and
Kansas City, State of Missouri, and
| each stockholder shall be entitled to one
vote for each share of stock standing in
| his name on the books of the company,
to be cast by proxy or III person, and
majority of votes shall elect. All vacan-
cies occurring among the directors by
| death, resignation or otherwise, shall be
| filled for the remainder of the year by
| the remaining directors; a failure to
elect directors on the day above speci-
| fed shall not dissolve the corporation,
but the directors then i'll office shall re-
main in office until their successors are
elected and qualified, and shall cause to
be had another election as soon as pos
sible thereafter, aften ten days prior
notice thereof shall have been given in
one or more newspapers published III
the cities of Leesville, State of Louis
lana, and Kansas City, State of Mis-
souri, Said board of directors shall
have full power and authority to bor-
row money, execute mortgages, issue
notes, bonds or other obligations, and
generally to do all things necessaru for
| the proper carrying on of the business
| of the corporation, as also to Issue and
| deliver full paid shares of stocks or
bonds or obligations of said corporation
at not less than par, in payment of labor
done or money borrowed, or property
or rights actually received by said cor
poration; and to acquire and sell inven-
| tons and letters patent pertaining to its
business, or license to use such inven-
| lions and letters patent.
ARTICLE VI.
The following named persons, to-wit ::
]. M. Gore, ]. D. Justice, w. B. Betty,
F. S. Love, H. NJ Harrison, S. G. War
ner and S. P. Shope, have been chosen
and selected as the first board of direc-
tors of said company, to serve as such
until the first annual meeting or as here
in provided for, to-wit, the second
Thursday in May, nineteen hundred and
four, or until their successors have been
elected.
J. M. GORE.
F. S. LOVE.
w B. BETTY.
Witness:
/ B. E LINE