The Caucasian., 1909-09-07

fee until the first Monday in, July 1910
on which date and thereafter annually
board of directors and officers shall De
elected, unless said day shall be legal
holiday, when the election shall be held
on the next legal day thereafter. Notice
of said election shall be given by at least
ten DAYS continuous notice in one OF
the daily newspapers of Shreveport; and
the board of directors shall appoint one
or more stockholders to preside at such
election as commissioners. Any failure
to elect directors on the day named tor |
that purpose shall not dissolve the cor
poration, but the directors then in OF
fee, as we'll as the officers of the cor
poration, shall hold over until their Sue
cessors shall be chosen. In such event
the president shall call another election
to be held withia thirty days, and shall
give notice thereof as hereinbefore pro-
vided. The election for directors shall
| be by ballot, and the majority in amount
of votes cast, each share of stock voted
the person for whom cast. After each
election the board of directors shall
elect from their own number the officers
of this company.
ARTICLE V.
i The board of directors shall have
full power to fill vacancies in their
number caused by death, resignation or
otherwise, from among the stockholders
of the corporation. They shall have full
control of the property of the company
and shall so conduct, manage and use
the same as in their discretion they
deem fit, and that is consistent with the
objects of this company, or the welfare
of the same They are authorized to
|. adopt such bylaws, rules and regula-
tions as the affairs or business of this
corporation may require, and as it may
deem necessary for the management and
; conduct thereof; provided the same
shall not conflict with this charter or
with the laws of the State or United
States. The president is authorized to
appoint such officers, agents, employees,
servants or clerks as he may deem
necessary for the conduct and affairs OF
the corporation, fix their compensation,
term of service, with the right to dis
miss them; he shall submit the names
of all persons appointed by him and
dismissed by him to the board of direc-
! tors, and said board may annul his ac-
ton by a two-thirds vote. The board
shall have the right to fix and deter
mine the salaries, terms and duties of
the officers herein provided for.
ARTICLE VI.
This charter may be changed, modi-
fled or amended, the capital stock in
, Icreased or decreased, or this corpora
, ton may be dissolved at general meet
ing of the stockholders convened for
, that purpose, with the assent of three
fourths of the entire capital stock
whether present or represented at the
meeting. Ten days prior notice shall be
given in any newspaper published in
this city. In case of dissolution or ter
: mination of this corporation, either by
: limitation of its charter or otherwise,
the liquidation of its affairs shall be
; conducted by three commissioners, sell
ected from the stockholders with the
: like assent, at meeting called for that
!, purpose, as above set forth in this ar
ticle. Said commissioners shall remain
in Office until the affairs of this corpora
ton shall have been fully liquidated.
ARTICLE VII.
nj No stockholder of this corporation
j, shall ever be held liable or responsible
e for the contracts or faults thereof in
any further sum than the unpaid bal
k ance due the company on the shares OF
: stock subscribed for or owned by him,
e nor shall any informality in organiza-
:, ton have the effect of rendering this
r charter null or of exposing stock
y holder to any liability beyond the un-
e paid balance. if any, on his stock.
d Thus done and passed at my notarial
IF office in the City of Shreveport, Louis
lana, on the day, month and year here
d in first above written, in the presence
e of R. P. Moore and Walter H. Polk,
d competent witnesses, together with ap-
n pearers and me, notary, after reading of
n the whole.
} w. o. BRICE.
,e R. A. GRAIN.
IS F. G. FULKERSON.