The Caucasian. (Shreveport, La.) 1900-192?, 1909-06-03
NUMBER II

necessary or advisable for the purposes
and objects Of said company.
ARTICLE w.
The capital stock of said corporation
is hereby fixed al The sum of seven hun
dred thousand ($7ooooooo) dollars. di
Vided into or represented by seven
thousand t7oool shares, of the sum of
one hundred ($Ioooo) dollars each.
Said stock shall consist Of what is known
as common stock, divided into or rep
resented by seven thousand (zooo)
shares at one hundred ($ioooo) dollars
each When issued, the same shall be
paid mp stock, and not subject TO any
assessment
Section l. Said stock shall be paid
for at such times and in 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 IN
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-
eelved by thc@ said corporation.
ARTICLE v.
All the corporate powers Of said cor
poratlon shall be vested i'll and exer-
cised by board of directors, TO be
of seven (zl stockholders,
each Of whom must be the owner of at
least ten (ro) shares of the capital stock
Of said company, who shall be elected
on the second Thursday of
May Of each year All such elections
shall be by ballot and conducted at the
office of said corporation under the SUI
of three commissioners,
o be appointed by the board of direc-
.ors, and Of which election ten days
prior notice shall be given in one or
more newspapers published in the cities
If Leesville, State Of Louisiana, and
Kansas City, State Of Missouri, and
Zach stockholder shall be entitled to one
vote for each share of stock standing in
lis name on the books Of the company,
O be cast by proxy or in person, and
majority of votes shall elect. All vacan-
les occurring among the directors BY
ieath, resignation or otherwise, shall be
illed for the remainder of the year by
he remaining directors; a failure to
'lect directors on the day above speci-
led shall not dissolve the corporation,
'ut the directors then in office shall re-
main in Office until their successors are
'lected and qualified, and shall cause to
'e had another election as soon as pos
ible thereafter, aften ten days prior
lotice thereof shall have been given in
me or more newspapers published in
he cities of Leesville, State of Louis
ana, and Kansas City, State of Mis-
ouri. Said board Of directors shall
rave full power and authority to bor-
ow money, execute mortgages, issue
lotes, bonds or other obligations, and
to do all things necessaru for
he proper carrying on OF the business
II the corporation, as also to issue and
leliver full paid shares of stocks ORG
'onds or obligations of said corporation
It not less than par, in payment of labor
lone or money borrowed, or property
'r rights actually received by said cor
'oration; and to acquire and sell inven-
ions and letters patent pertaining to its
BUSINESS, or license to use such inver-
ions and letters patent
ARTICLE VI.
The following named persons, to- wit:
. M. Gore, ]. d. Justice, W. B. Betty.
I. 5. Love, II. NJ Harrison, S. c. War
ler and S. P. Shope, have been chosen
nd selected as the first board of direc-
ors of said company, to serve as such
until the first annual meeting or as here
II provided for, to-wt, the second
thursday in May, nineteen hundred and
our or until their successors have been
lected
]. NJ. GORE.
F. s. LOVE.
Witness. w B. RFTTY