The Caucasian. (Shreveport, La.) 1900-192?, 1910-11-13

change the same at pleasure. The board
OF directors shall elect the officers of
the corporation, and appoint, hire and
discharge all officials, agents and en-
pIoyeS, FIX their compensation, and gen
orally do and perform all things and
acts necessary in the prosecution of the
enterprise of the company. Vacancies
occurring in the board of directors by
death, resignation or otherwise, shall
be hlled for the unexpired time by the
remaining directors. The first board of
directors of this corporation shall be
composed of w. E. Green, J. B. Rey-
nolds, K. P. Borough, J. o. Stribling
and J. D. Wilkinson, who shall, at their
hrst meeting following the adoption of
the charter, elect from their number al
president, vice president, secretary and
treasurer. The same person may be
chosen as secretary and treasurer The
flrst meeting of the board of directors
shall be called by J. B. Reynolds This
board of directors and the officers so
chosen shall remain in office until the
tlrst Monday in October 1911, or until
their successors shall have been elected
and qualified. On the first Monday in
October and annually thereafter, an
election of directors shall be held at the
ottce of the company in Shreveport,
Louisiana, notice of which said meet
ing shall be given in any one of the
newspapers published at the city of
Shreveport, for ten (Io) days prior to
the date of the meeting. Should for
any cause this meeting not be called or
advertised at the time mentioned, then
it may be called and advertised for a
later date, and a meeting held at such
later date shalt have the same efficiency
and force as though held on the first
Monday in October. At all stockhold- |
ers meeting each share of stock shall
be entitled to one (I) vote, either in
person or by proxy in writing. The term
of Office of no official agent or emp10ye
shall extend beyond the term of office
of the board of directors which elected, |
chose or appointed him. If no term be |
fixed during which an official or en-
ploye is to hold Office, then his tenure of |
the place shall be at the discretion of
the board of directors.
ARTICLE V.
This act of Incorporation may be !
amended, or the corporation itself dis
solved, by and through the assent and
action of three-fourths go of the
stock present or represented at any gen
eral meeting of the stockholders CON
vened for that purpose, after thirty (3o) +
days prior notice of such meeting shall
have been given by publication in one of
the daily newspapers published in the
city of Shreveport, Louisiana, by FIVE
(5) insertions during said period of
thirty (3o) days. Should changes be
contemplated in reference to the capital
stock, besides the thirty (3o) days no
tice as above, ten (Io) days written no
tice to each stakeholder shall be given
This ten (Io) days written notice may
be given during the time thirty (3o)
days published notice is running.
ARTICLE VI.
Whenever this corporation is dis
solved, either by limitation of its charter
or by any other cause, its affairs shall
be liquidated by three 80 commission |
ers chosen by the stockholders at
meeting of the stockholders convened
for that purpose after thirty (3o) days
prior notice shall have been given by
publication in newspaper, as hereinbe-
fore set forth, for meeting called to
amend this charter or to dissolve the
corporation. The commissioners thus
chosen shall remain in office until the
affairs of the corporation shall have
been 1iquidated In case of death or
resignation of either commissioner the
survivors shall continue to act.
ARTICLE VII.
No stakeholder shall be held liable
for the contracts or faults of this COM I
pany' in any further sum than the unpaid
balance due the company on the shares '
owned by him,.no shall any informality /
in organization have the effect of ren-Ia
1ering this charter null, or of exposing
stockholders to any liability beyond the
amount of their stock, or any unpaid =
balance that may be due thereon
In testimony whereof, the said parties
rave hereto signed their names in my
presence and in the presence of Bula
Dillingham; and E. E. Beheler, compe-
ent witnesses. 7
w. E. GREEN, J
per ]. D. Wilkinson, Attorney. L
B REYNOI Ids