The Caucasian. (Shreveport, La.) 1900-192?, 1909-10-05


rights and credits, and to do all other
acts and things, which may be necessary
and requisite and incidental to the ac-
complement, carrying out and execut-
| ing 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.
The authorized capital stock of said
corporation is hereby fixed at one mil
lion dollars ($Ioooooooo), consisting
of, and divided into, ten thousand
| (Io,ooo) shares of one hundred dol
lars ($Ioooo) each; and said corpora
ton may commence business when four
hundred thousand dollars ($4Oo, oooOo)
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 certl-
hcate 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 direc-
tors of said corporation shall determine
the time when, and the manner III
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
at the domicile of said corporation at
the City of Shreveport, Caddo Parish,
Louisiana. No stakeholder shall ever
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
tention TO sell or transfer same, shall
have been given to said corporation and
the other stockholders thereof, by post
ing said notice at the office Of said cor
poration, and pending said delay said
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
poration 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
fcred for said period of time to said
Icorporation and the other stockholders
thereof, shall take the same subject to
the right of said corporation or of the
other stockholders thereof, to claim and
purchase same on paying him the mar
ket price for same. Any stakeholder
shall have the right at any time to sell
and transfer his stock to said corpora
ton or another stakeholder thereof At
all meetings of stockholders each share
of stock shall be entitled to one (D
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
lily 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-
tons 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
Isell and dispose of; and to employ and
discharge all necessary agents, represen-
tatives, managers, contractors, servants
and employees; to borrow money and
contract debts and to secure the same
by mortgage, pledge or deed of trust OF
the property of said corporation; 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
not repugnant to law.
ARTICLE v.
The corporate powers of said corpor-
alton are hereby vested in its officers
and a board of directors. Until the sec
ond Tuesday in October A. D. 1909, the