The Caucasian., 1909-09-09

acts and things, which may be necessary
and requisite and incidental to the ac-
complishment, carrying out and execut-
ling of the general uses, objects and
purposes of said corporation, IN the
State of Louisiana, or in other States
of the United States, or in foreign coun-
tries, as above stated.
ARTICLE III
i The authorized capital stock of said
corporation is hereby fixed at one mil
lion dollars ($1,ooo,ooo.oo), consisting
of, and divided into, ten thousand
(Ioooo) shares OF one hundred dol
lars (SIoo.oo) each; and said corpora
ton may commence business when tour
hundred thousand dollars ($4ooooooo)
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 d1rec-
tors of said corporation; but no cert1-
6cate of stock of said corporation shall
ever be issued until said corporation
shall have first received the full tace
, 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,
mo transfer of stock of said corpora
: Ition shall ever be made except on the
: books of said corporation at its office
e at the domicile of said corporation at
y the City of Shreveport, Caddo Parish
f Louisiana. No stockholder shall ever
e sell or transfer his stock to any person
: except to said corporation and the
other stockholders thereof until after
: ten (Io) days previous notice OF his IN
i tenfion to sell or transfer same, shall
n have been given to said corporation and
f the other stockholders thereof, by post
!, ing said notice at the office of said cor
e poration, and pending said delay sale
: CORPORATION and the other stockholders
e thereof shall have the preference r1gh
y to buy and acquire said stock at its tul
! market value, and the secretary OF sait
d corDoration shall have no right to trans
5 fer the stock on the books of said cor
lie poration until evidence of such prevlou
ID posting and offering of the same to SAT-
f, corporation and other stockholder
e thereof. shall frst have been produced
If ANY person purchasing stock which ha
a, not been so previously posted and OF
fered for said period of time to SAT-
corporation and the other stockholder
or thereof. shall take the same SUBJECT t
Id the right of said corporation or OF tn
as other stockholders thereof, to claim an
e, purchase same on paying him the mar
r,lket price for same Any stqckholde
ne shall have the right at any time to Sc
es and transfer his stock to said corpora
yn tion or another stockholder thereof. a
re, all meetings of stockholders each shar
tie, of stock shall be entitled. to one Il
nd vote. and at such meetings the stock
nd holders may vote either in person or
OF proxy.
he ARTICLE ".
s. Said corporation under said name ar
nd title, shall have the power and autho
nd ity to sue and be sued, to plead and
nd implicated, and to make, execute, ar
ng sign. and endorse, transfer, and assig
lu- contracts, bills of exchange, checks al
ng nromissory notes and all other oblig
he tons; to purchase, own and sell, re
of Iestate, buildings, timber lands, tinD
IN and timber rights, machinery, person
ro- nroperty and rights and credits whl
ell, Imay be necessary, relative and lncide
RS, Ital for the general uses, objects al
lph purposes of said corporation, as abo
or stated. and the same to pledge, nol
ma, gage, hypothecate, cucumber, aiiena
tes, sell and dispose of; and to employ a
Isn, discharge all necessary agents, represe
wil Itatives, managers, contractors, serVai
and and employees; to borrow money a
ing contract debts and to secure the sal
.ab- by mortgage, pledge or deed OF trust
of the property of said corporation; a
the to make and use common seal
and such device and inscription as may
one necessary, and the same to break, al
all Tor amend at pleasure; and to make
for necessary rules, regulations, bylaws
uct, ordinances, and to do everything, ne
on, full for the good government, condt
1ing maintenance, operation and support
rail- said corporation for its general u
pill lobiects and purposes as above sta
-aph mot repugnant to law.
and ARTICLE V.
,uis- The corporate powers of said corr
lited alton are hereby vested in its ofht
in and board of directors. Until the
|, of, Iond Tuesday in October A. D. 1909,
Iurn- hoard of directors shall be three 6,