The Caucasian., 1909-12-16


stockholders at a regular meeting may
fix. The first board of directors shall
consist Of J. J. Paxton, T. F. Sar-
gent, B. L. Sargent, Frank Files, V.
L. McCarty, and they shall continue in |
Office until the next annual election OF
directors, on the second Monday IN
January 1910 or until their successors
shall be elected and installed. The dl-
rectors shall be elected by the stock
holders, each share of stock shall be
entitled to one vote, to be cast by its
owner or by proxy. A majority OF
votes cast shall elect. Any vacancy oc-
curing in said board of directors from
any cause shall be filled by election by
the remaininf directors. Three direc-
tors shall with the president constitute
a quorum to transact business.
ARTICLE V.
The capital stock of this corporation
is fixed at twenty-five thousand dol
lars ($25,ooooo), to be divided into
twenty-five hundred shares of ten dol
lars $4,000 each. The corporation is
authorized to begin business when one
hundred shares of stock shall have been
subscribed and paid for to the treasur-
er and the stock shall be paid for in
cash or its equivalent on demand of the
treasurer. No stockholder shall be liza
bic for the contracts or faults of the
corporation in any further sum than the
unpaid balance of his stock, nor shall
any nformality in organization have the
effect of rendering this charter null and
void or exposing a stockho1der to liza
bility beyond the unpaid amount of his
stock. The subscription and stock book
shall be kept at the Office and domicile
! of the company, where certificates OF
stock shall be issued, and no transfer of
stock shall be recognized as valid or
binding until same is made upon the
stock books of the company, and no
share of stock shall be transferred, sold
or disposed of, without the stockholders
first being given ten days notice and
| allowing them the privilege of first pur-
chasing such stock at its market value.
ARTICLE VI.
This charter may be changed or
amended, or the corporation may be
dissolved with the assent of three
fourths ga of the amount of the cap
ital stock thereof at any meeting of the
| stockholders convened for that purpose
after ten days previous notice has been
| given by publication in some newspaper
| in the Paris hof Caddo. When the cor.
poration is dissolved its affairs shall be
Iliquidated by three commissioners
| elected by the stockholders for thai
purpose at meeting of the stockhold.
ers convened for that purpose after ter
days previous notice in one of the news
papers published in the Parish of Cad
do, and then said commissioners shall
have full authority to wind up its at
fairs, dispose of its assets, settle its LA
bilities and distribute the proceeds
among the stockholders.
Il This done and signed in the Parish oi
4 Caddo on this the 18th day of Decem
, Der in the year of our Lord one thous
and nine hundred and nine, in tn pres
ence of F. l. Wisdom and D. Rosen
thai, competent witnesses, and befor
the undersigned notary public.
T. F. SARGENT.
]. ]. PAXTON,
per T. F. Sargent
S. c. BARROW,
per T. F. Sargent
B. L SARGENT.
/ authorize my wife to sign.
T. F. SARGENT
i FRED II. SCHEEN.
FRANK FILES.
8 v. L. McCARTY.
II Attest:
F. L. WISDOM
: D. ROSENTHAL.
A. B. FREYER,
i, Notary Public, Caddo Parish, L
This is to certify that | have exam
? ined the above and foregoing charter
!, and finding nothing therein contrary t
law, l hereby approve the same, Date
] this 18th day of December A. D. Ioot
$ J. M. FOSTER,
q District Attorney First judicial Di'
trict, Caddo Parish, La.
Endorsed: Filed and recorded d.
cember IS, 1909. w. NJ. LEVY
Deputy Clerk and ex-Ofhcio Deputy RI
) corder.
d State of Louisiana, Parish of Caddo
/ hereby certify that the above and fore
going is a true and correct copy of tn
Il original act, as the same now appear
o on file and of record in my Office. Give
d under. my hand and seal of office til