The Caucasian., 1910-02-06

ate name; to make and use corporate
seal and the same to alter at pleasure
i to hold, receive, purchase and convey,
i under its corporate name, property, both
/ real and personal, necessary in the man
agement of its business, and to name
and appoint such managers, directors
i and officers as its interest and COnven-
ience may require, and to make and es-
Itablish such bylaws for the management
and regulation of its affairs as may be
necessary.
ARTICLE ~
The capital stock of this corporation
is hereby fixed at the sum Of five thouS-
and dollars divided into fifty shares of
one hundred dollars each, and it shall
commence business as soon as said
amount of stock is subscribed and paid
for. Stock may be issued and shall be
paid for when issued, either in cash or
for services rendered to or property
transferred to the corporation, and all
stock when issued shall be fully paid.
The capital stock of this corporation
may be increased or diminished accord
ing to the laws of this State relating to
the same.
ARTICLE V.
All the powers of this corporation
shall be vested in a board of directors
composed of three stockholders who
shall be elected on the first Monday in
February of each year, commencing III
the year 1911, at a general meeting con-
vened for that purpose, after ten days
previous notice sent to each of said
stockholders through the mail to their
postofice address, and until such cleo
ton in 1911 the following shall COM
pose the first board of directors and
shall hold their office until their Success
sors are qualified, to-wit: L. Hansen,
Sam W. Mason, D. P. Eubank, with
| Sam W. Mason as president, and d. ?.
| Eubank as secretary treasurer. Vacan-
cies in the board of directors shall be
filled by the remaining directors by
election from among the stockholders,
and a majority of the board shall con-
stitute quorum for the transaction Of
business. The board of directors shall
elect and employ any and all employees,
managers and clerks of the corporation
as they may deem necessary, fix their
compensation and remove them at will.
Ali legal process shall be served on the
president or in his absence on the sec
retary and treasurer of the company.
ARTICLE VI.
This charter may be amended or
changed, or this corporation may be
abolished by vote of twothirds of the
capital stock, represented at meeting
of the stockholders convened for that
purpose after fifteen days printed no
tice in one of the newspapers published
in the City of Shreveport, and personal
notice given each stockholder through
the mail. At all such meetings, each
share of stock shall be entitled to one
vote, either by its holder or by written
proxy, and in all stockholders meetings
the majority of stock shall prevail. Pro-
viding that nothing herein shall prevent
the stockholders by unanimous consent
holding meeting without such notice,
when such unanimous consent is given
in writing and signed by al of the
stockholders of the corporation.
ARTICLE VII
| Whenever this corporation is dis
solved, either by limitation or by vote
of its stockholders, or otherwise, its af-
fairs shall be liquidated and settled by
one commissioner, appointed by the
stockholders at meeting thereof, and
such commissioner shall give such bond
and security and perform such duties
as may be designated by said stockhold-
ers, and he shall proceed to wind up and
liquidate the affairs of said corporation
as expeditiously as possible and occord-
ing to law
ARTICLE VIII.
/ No stockholder shall ever be held liza
BILE or responsible for the contracts or
/ faults OF this corporation III any further
sum than the unpaid balance due on the
shares of stock owned by him, nor shall
any mere inforfnality in the organiza-
ton render this charter null or expose
any Stockholder to any liability beyond
the stock owned by him.
! In testimony whereof the said parties
have hereunto subscribed their names in
presence of the attesting competent wit
nesses and me, said notary, on the date
first in the beginning written.
L. HANSEN.
SAM w. MASON.
D. P. EUBANK.
Attest:
| WILLIAM HAMILTON.
L. L. CULBERTSON.
S. O. WILLIAMS,