The Caucasian. (Shreveport, La.) 1900-192?, 1909-11-21

bred shares of the par value of one
hundred dollars each, and said shares OF
stock shall be issued only for cash,
services or property received by the
company before the issuance of said
shares, and this corporation shall~com-
mence business whenever forty thous-
and ($4oooooo) dollars of said capital
is subscribed and paid for.
ARTICLE ".
The affairs of this corporation shall
be managed by a board of directors
consisting of three stockholders, who
shall be elected annually on the first
Monday in January of each year at a
stockholders meeting held for that pur-
pose after written notice to each stock
holder addressed to him at his post
office address through the mails; any
vacancy occurring in the board of dl-
rectors> shall be filled by the remaining
directors electing another stakeholder
for such vacancy Until an election is
held in January 1910 the following
stockholders shall constitute a board of
directors: Wilbur A. Jones, who shall
be president; Ed D. Stuart, who shall
be vice president, and George E. Gilmer,
who shall be secretary. The board of
directors shall hold their Offices until
another board of directors is. elected
and installed.
ARTICLE V.
This charter may be amended or this
corporation dissolved by vote of three
fourths of the stock at meeting called
for that purpose in accordance with
the laws of the State of Louisiana.
When dissolved, whether by limitation
or by act of the stockholders, its at
fairs shall be liquidated and settled by
one liquidator selected by the stock
holders, who shall perform such service
and have such powers relating to the
liquidation of this corporation as may
be delegated to him by the stockhold-
ers of this corporation.
ARTICLE VI.
This corporation shall have the power
to sue and be sued; to own both real
and personal property; to lease, mort
gage Or dispose of any of its property
as its board of directors may determine,
to appoint such managers, directors and
officers as their interests may require,
and the same to be discharged at pleas
ure, and to make and establish such
bylaws for the proper management OF
the affairs of the corporation as may
be necessary and proper.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof IN
any further sum than the unpaid bal
ance due to the company on the shares
of stock owned by him, nor shall any
mere informally in organization have
the effect of rendering this charter null
or exposing any stakeholder to any la
bility beyond the amount of his stock.
In testimony whereof said parties
have hereunto signed their names in
the presence of me, notary, after due
reading after the date first in the be-
ginning written.
WILBUR A. JONES.
G. E. GILMER.
ED. D. STUART,
by w. A. Jones.
Attest:
B. DILLINGHAM;.
L. B. YOUNG.
JOHN D. WILKINSON,
Notary Public.
Having examined the foregoing char
ter and finding nothing therein contrary
to law, approve same this the 18TH day
of November 1900.
J. NJ. FOSTER,
(Endorsed) Filed and recorded No
venber 1909.
F. A. LEONARD,
Clerk and ex-Oficio Recorder.
State of Louisiana, Parish of Caddo
| hereby certify that the above and fore
going is a true and correct copy of the
original act, as the same now appears
on file and of record in my Office Given
under my hand and seal of office this
18TH day of November 1909.
F. A. LEONARD,
Clerk and ex-Oficio Recorder
November Fl.
SHERIFFS SALE.
No. I3,I52-In the First Judicial Dis