The Caucasian. (Shreveport, La.) 1900-192?, 1909-09-11

GItyt IGdly pSIaOlIdI anu iiii<NSo'
rights and credits, and 10 do all other
acts and things, which may be necessary
and requisite and incidental to the ac-
complishment, carrying out and execut-
ing of the general uses, objects and
purposes of said corporation, in the
State of Louisiana, Of III other States
of the United States, or in foreign coun.-
tries, as above stated.
ARTICLE Ill
The authorized capital stock of said
corporation is hereby fixed at one mil
lion dollars ($I,ooo,ooooo), consisting
of, and divided into, ten thousand
(Io,ooo) shares of one hundred dol
lars ($1oooo) each; and said corpora
ton may commence business when four
hundred thousand dollars ($4oo, 100000
of its capital stock is subscribed for and
actually paid to said corporation; and
the capital stock of said corporation
shall be paid in cash or its full equiVa-
lent in value by the transfer of property
to said corporation, or by the rendition
of services thereto, as may be author
lied and provided by the board of direc-
tors of said corporation; but no certi-
fcate of stock of said corporation shall
ever be issued until said corporation
shall have first received the full face
value thereof, and the board of d1rec-
tors of said corporation shall determine
the time when, and the manner In
which, payment of capital stock of said
| corporation subscribed for shall be paid
! No transfer of stock of said corpora
ton shall ever be made except on the
books of said corporation at its office
lat the domicile of said corporation at
1.-THE City of Shreveport, Caddo Parish,
ILouisiana. No stakeholder shall ever
sell or transfer his stock to any person
texcept to said corporation and the
other stockholders thereof Until after
ten (Io) days previous notice of his in
tention to sell or transfer same, shall
have been given to said corporation and
/ the other stockholders thereof, by post
ling said notice at the office of said cor
poration, and pending said delay said
4 corporation and the other stockholders
thereof shall have the preference right
to buy and acquire said stock at its full
market value, and the secretary of said
corporation shall have no right to trans
fer the stock on the books of said cor
poratien until evidence of such previous
posting and offering of the same to said
corporation and other stockholders
thereof, shall first have been produced.
! Any person purchasing stock which has
not been SO previously posted and of
fered for said period of time to said
corporation and the other stockholders
thereof, shall take the same subject to
1.-THE right Of said corporation or of the
other stockholders thereof to claim and
purchase same on paying him the mar
iket price for same Any stakeholder
shall have the right at any time to sell
and transfer his stock to said corpora
Ition or another stakeholder thereof At
all meetings of stockholders each share
lof stock shall be entitled to one "a
vote, and at such meetings the stock
holders may vote either in person or by
proxy.
ARTICLE ".
Said corporation under said name and
title, shall have the power and author
ity to sue and be sued, to plead and be
implicated, and to make, execute, and
sign, and endorse, transfer, and assign,
contracts, bills of exchange, checks and
promissory notes and all other obliga-
Itions; to purchase, own and sell, real
estate, buildings, timber lands. timber
and timber rights, machinery, personal
property and rights and credits which
may be necessary, relative and inciden-
tai for the general uses, objects and
purposes of said corporation, as above
stated, and the same to pledge, mort
gage, hypothecate, cucumber, ALLEVIATE
sell and dispose of; and to employ and
discharge all necessary agents, represen-
ltatives, managers, contractors, servants
and employees; to borrow money and
contract debts and to secure the same
by mortgage, pledge or deed of trust OF
f>=aae.sts. af said cnrnoratinn and
to make and use common seal with
such device and inscription as may be
necessary, and the same to break, alter
or amend at pleasure; and to make all
necessary rules, regulations, bylaws and
ordinances, and to do everything, need
full for the good government, conduct,
maintenance. operation and support OF
said corporation for its general uses,
objects and purposes as above stated,
mot repugnant to law.
/ ARTICLE v.
] The corporate powers of said corpor-
lation are hereby vested in its officers
/