The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-07


three thousand $4,000 dollars Of its
capital stock is subscribed for, and all
stock issued by it shall be non assess
able. The balance of the capital stock
shall not be sold or disposed of except
by resolution of the board of directors.
ARTICLE w.
The affairs of this corporation shall
be managed and controlled by board
of directors consisting of three stock
holders who shall be elected at stock
holders meeting held in the Office of the
company on the first Monday in April
of each year by the stockholders at a
meeting called for that purpose, each
share Of stock owned and controlled
shall be entitled to one vote, whether
cast i'll person or by written proxy, and
in all meetings of the stockholders a
majority of the stock represented at
said meeting shall control Until the
election shall be held in April 1911, the
following persons shall constitute the
board of directors of this corporation,
viz. B. F. Chlcutt, f. H. Chilcutt and
E. R. Chilcutt, with B. F. Chilcutt as
president; Z. H. Chilcutt as vice pres
dent, and E. R. Chilcutt as secretary
treasurer, who shall hold Office until
their successors are elected and quail
fed. Any vacancy occurring in the
board of directors shall be filled by the
remaining members or member of said
board of directors for the unexpired
term; whenever a board of directors is
elected it shall meet Immediately and
elect from among its members a presi-
dent, vice president and secretary-treas-
urer.
ARTICLE V.
The board of directors shall have au-
thority to adopt set of bylaws for the
regulation of the business Of this COM
pany, to hypothecate, mortgage, pledge
or dispose of any portion of the prop
erty of this corporation for such con-
sideration and upon such terms of pay
ment as it may deem advisable, to direct
and control the officers and employees of
the corporation, to pass all rules and
regulations which it may deem neces-
sary for the conduct of the affairs of
said corporation. Two directors shall
constitute quorum for the transaction
of business.
ARTICLE VI.
This corporation shall have and enjoy
succession for the period of twenty five
years, unless sooner dissolved, and
whenever dissolved for any cause, either
by limitation or vote of the majority
of the stock present and represented at
meeting called for that purpose, all
stockholders meetings to be held after
ten days written notice unless otherwise
required by law, its affairs shall be
liquidated and settled by one or more
lquidatofs elected for that purpose, who
shall give such bond and security and
perform such duties as may be prescrib-
ed by said stockholders Provided that
when not otherwise provided by the
laws of this State, the stockholders may
waive notice of any meeting and the
same may be held in less than ten days
from such waiver.
This charter may be amended, except
as to increase or decrease the capital
stock, with consent of the majority
of the stock present or represented at
a meeting called for that purpose. The
capital stock of this corporation may
be increased or decreased by vote of
two-thirds of the capital stock at a
meeting held after thirty days notice by
publication and written notice to each
stakeholder, as required by law.
ARTICLE VII.
This corporation shall have and en-
joy any and all rights, privileges and
immunities conferred or authorized by
the laws of the State of Louisiana, and
no stakeholder shall ever be liable or
Irresponsible for the contracts or faults
thereof in any further sum than the un-
paid balance due on his stock, and no
mere informality shall have the effect of
rendering this charter null or exposing
any stakeholder to any greater liability
than the unpaid balance due on his
stock,
In testimony whereof said parties
have hereunto affixed their names in the
presence of me, said notary, and the I'M
dersigned witnesses ON the day and date
first in the beginning written as the date
hereof.
B. F. CHILCUTT.
E. H. CHILCUTT,
per B. F. Chilcutt, Agt & Atty in Fact.
E. R. CHILCUTT,
per B. F. Chilcutt, Agt. & Atty. in Fact.