The Caucasian., 1909-08-19


on which date and thereafter annually
a board of directors and officers shall be
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 for
that purpose shall not dissolve the cor
poration, but the directors then in Of
fee, as well 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 witllia 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
to be counted as one vote, shall elect
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.
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
Eadopt such bylaws, rules and regula'
| tions as the affairs or business OF this
corporation may require, and as 1t may
deem necessary for the management and
conduct thereof; provided the same
shall not conflict with this charter OF
with the laws of the State or United
States. The president is authorized tc
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 name:
of all persons appointed by him an(
dismissed by him to the board OF dlrec'
tors, and said board may annul his &C
Ition by two-thirds vote. The boarc
shall have the right to fix and deter
mine the salaries, terms and duties o
| the officers herein provided for.
| ARTICLE VI.
| This charter may be changed, rnodi
lied or amended, the capital stock IN
lcreased or decreased, or this corpora
ton NAV be dissolved at a general meet
/ ing of the stockholders convened TO
| that purpose, with the assent of three
fourths of the entire capital stock
whether present or represented at tn
meeting Ten days prior notice shall b
given in any newspaper published i
this CITY. In case of dissolution or ter
mination of this corporation, either b
limitation of its charter or otherwise
the liquidation Of its affairs shall b
conducted by three commissioners, sci
ected from the stockholders with tn
like assent, at meeting called for ths
purpose, as above set forth in this al
ticle. Said commissioners shall RENAL
in office until the affairs of this corpora
tion shall have been fully liquidated.
ARTICLE VII.
i No stockholder of this corporatio
shall ever be held liable or responsible
for the contracts or faults thereof
, any further sum than the unpaid ba
. ance due the company on the shares
stock subscribed for or owned by h1r
nor shall any informality in organic;
ton have the effect of rendering tn
charter null or of exposing a stool
:, lholder to any liability beyond the III
I paid balance, if any, on his stock.
Thus done and passed at my notarl
: office in the City of Shreveport, Loui
. lana, on the day, month and year her
! in first above written, in the presen'
: of R. P. Moore and Walter Fl. Pol
= competent witnesses, together with a
: pearers and me, notary, after reading
: the whole
I w. o. BRICE.
Z R. A. GRAIN
4 F. G. FULKERSON.
,fl Witnesses:
: R. P. MOORE.