The Caucasian. (Shreveport, La.) 1900-192?, 1909-06-17

HUMBER ana IuIIlOeI pTouuCtS, anu W ptly
land sell a general line of builders ma
teral, and as incidental to said business
to own and operate such plants and ma
chinery necessary for the successful
conduct of said business, and to acquire
such real and personal property as may
be necessary therefor, and the same to
dispose of, mortgage, pledge or assign
as may be deemed necessary.
ARTICLE III.
The capital stock of this corporation
shall be ten thousand dollars, divided
into and represented by one hundred
shares of one hundred dollars each,
which said stock shall be paid for in
cash at the time of subscription, or the
same may be issued, at not less than
par, in payment or exchange for prop
erty or rights actually received or pur-
chased by the said corporation, and for
such other valuable considerations as
the directors may determine, and it
shall commence business as soon as
three thousand dollars of the capital
stock shall have been subscribed for.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and exer-
cised by board of directors consisting
of three stockholders, who shall be
eleced at a stockholders meeting to be
held at the office of the company in the
| City of Shreveport, Louisiana, on the
| first Monday of June of each year, who
shall hold their office until the election
of their successors as above provided,
The following persons shall constitute
the first board of directors and officers
of the company, viz. c. w. Hardy,
president; F. d. Hutchens, vice presi-
dent; and G. A. Morse, lsGfetary and
treasurer, who shall hold their offices
until the above election above provided
for on the first day of June A. D. 1910.
The board of directors shall have the
power to fill all vacancies in their num-
Der from the stockholders of the COM
pany, and they shall have the power to
frame and adopt such rules and bylaws
as they may deem proper and necessary
for conducting said business, and to ap-
point such agents, managers and clerks
or other employees as may be deemed
proper and necessary for conducting
said business, and to appoint such
agents, managers and clerks or other
employees as may be deemed necessary
to fix their salaries, with power to dis
charge at pleasure, and they shall have
power fix tie tie salaries Of Of the the
spective officers provided for herein
ARTICLE v.
Ibis charter may be amended, altered |
or changed, the capital stock increased
or decreased, or it may be dissolved at
a meeting of the stockholders held for |
such purpose, with the assent of three
fourths of the capital stock, whether |
present at such meeting or not; in easel
of dissolution of this corporation. for /
any cause, the liquidation of its affairs |
shall be conducted by three commission
ers, selected from the stockholders, who |
shall be selected at meeting for that |
purpose as above, who shall continue in
office until the final liquidation.
In all stockholders meetings each
stakeholder shall be entitled to one vote
for each share of stock owned by him,
which vote may be cast by proxy; no.
tice of all stockholders meetings must
be given by written notice addressed to
each stakeholder at its usual postoffice
address, which notice shall be sufficient
III all cases except as may be otherwise
determined by law
ARTICLE VI.
No stakeholder of this corporation
shall ever be held liable or responsible
tor the contracts thereof in any further
sum than the unpaid balance due the
company on the shares of stock sub
scribed for or owned by him, nor shall
any informality in organization havel
the effect Of rendering this charter null
or of exposing stakeholder to any 4
liability than above, for theu npaid bal
ance due on the stock.
Thus done and passed on this the
[4tl day of June A. d. 1909, in the pres
snce of A. A. Jones and C. B. Prothro,
competent witnesses. Fl
c. w. HARDY.
G.. A. MORSE.