The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-05
ARTICLE ".


The affairs of the corporation, except
such as are held by its general manager,
shall be managed and controlled by
board of directors consisting of three
stockholders who shall be elected at a
stockholders meeting duly held at the
Offices of the company on the first Tues
day in June of each year by the stock
holders at a meeting called for that pur-
| pose; if such first Tuesday in June
shall fall upon legal holiday, the said
meeting shall take place on the first
Illegal day thereafter At all meetings
| of stockholders each share of stock shall
| be entitled to one vote whether cast III
person by the owner thereof or by writ
ten proxy and in all meetings of stock
holders, except aas otherwise provided,
majority of the stock present or rep
resented at such meeting shall control.
At all stockholders meeting called for
the purpose of electing directors, it shall
| take eighty per centum of the outstand-
| ing stock of this company to elect. AS
soon as a board of directors IS elected
it shall Immediately meet, and from its
number elect a president, who shall
also be general manager; vice pres1-
dent, and secretary-treasurer. Until
the election to be held in June 1911, the
/ following persons shall constitute the
board of directors of this corporation,
to-wit: R. c. Friend, E. A. Thomas and
IR. c. Cornwall, with r. c. Friend as
president and general manager; &. A.
Thomas as vice president, and r. C..
| Cornwall as secretary treasurer, who
shall hold their offices until their sue
+, ccssors are duly eselcted and qualified.
ANY failure to elect directors or officers
shall not vacate the said offices, but the
said directors and officers shall hold
over until their successors are elected
and qualified. Any vacancy occurring
in the board of directors shall be filled
by the remaining members or member
Of said board for the unexpired term.
ARTICLE v.
The board of directors shall have
authority to adopt set of bylaws for
the regulation Of the business of this
corporation, to hypothecate, mortgage,
pledge or dispose of any portion of the
property of said corporation for such
consideration @ it may dsem fit; and to
pass all rules and regulations which it
may deem necessary for the conduct of
the affairs of said corporation. Two
directors shall constitute a quorum tor
the transaction of any business, except
as otherwise provided herein. No Of
Eicer of this corporation shall draw any
salary as such except the president and
general manager, whose salary shall be
fixed and determined by unanimous
vote of the entire board Of directors.
ARTICLE VI.
| Ten days written notice of all stock
holders 1neetings shall be given to each
stakeholder unless otherwise required
by the laws of this State, provided that
when not contrary to the laws Of this
State, the stockholders may waive no
Itice of any stockholders meeting and the
same may be held at less than ten days
notice thereof.
ARTICLE VII.
This corporation shall have and enjoy
succession for the period of twenty-five
wears unless sooner dissolved, and when
ever dissolved for any cause, either by
limitation or vote of eighty per centunl
of the outstanding stock of same at 9
stockholders meeting called for thai
purpose, its affairs shall be 1iquidated
and settled by one or more liQuidators
Ielected for that purpose, who shall give
such bond and security and perform
such duties as may be prescribed by said
stockholders. This charter may bt
amended with the consent of eighty pei
centum of the capital stock of this cor
poration at meeting called for thai
purpose.
ARTICLE VIII.
!, This corporation shall have and enjoy
/ all the rights and privileges conferred
. Tor authorized by the laws of the State
, of Louisiana, and no stockholder shall
: ever be bel dliahle or responsible for ths
contracts or faults thereof in any fur
Their sum than the unpaid balance due
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