The Caucasian. (Shreveport, La.) 1900-192?, 1910-08-30

is hereby fixed at two hundred and fiftv
thousand ($25oooo.oo) dollars, 10 be
divided into twents five hundred shares
of the par value of one hundred dollars
each, and this stock shall be issued as
paid for either for cash or for property,
labor or services purchased by or adj
vanced to said company, and the iude-
ment of the board OF directors as to the
value of the property, labor or services
so taken shall be conclusive, provided
that no stock shall be issued at less than
its par value; and shall begin business
and be a going concern when all of the
stock is subscribed and paid for. Each
share of stock shall be entitled to one
vote at all meetings, to be cast in per
son Or on written proxy from the owner
thereof as shown by the stock books.
The transfer of all stock shall be made
upon the books of the company.
ARTICLE V.
S The corporate powers of this corpor-
alton shall be exercised by a board of
five directors selected from the stock
holders, which said board of directors
shall be elected annually by the stock
holders on the first Monday in August
hereafter. The first board of directors,
who shall serve until their successors
are elected and qualified, are hereby de-
clared to be E. S. Cayce, NJ A. Currie,
Thomas E. Bird, J. L. Breathwit and
w. H. Scheen, and in case of death or
of any Of the directors, his
successor shall be chose by the remain
ing directors; three direcr-~s shall con-
stitute quorum. The board Of direc-
tors shall have the right to appoint an
executive committee of three ffau their
number who. shall have power to fepre-
sent said board in such matters as may
be delegated to them by the said board
ARTICLE VI.
The officers of this corporation shall
De a president, vice president and a
5ecretary-treasurer, and shall be elected
BY the board of directors annually at its
regular meeting and shall serve until
heir successors are elected and quail
fed. The first officers of this corpora
ion shall be E. S. Cayce, president; w.
H. Seheen, vice president; and NJ A.
Gurrie, secretary treasurer, and shall
serve until their successors are elected.
ARTICLE VII.
This charter may be amended or the
dissolved by the consent of
hree-fourths of the stock thereof at
meeting called for that purpose after
thirty days notice in writing and by
publication to the stockholders, or at a
shorter time when there is waiver of
line. Whenever this corporation is dis
solved by limitation or otherwise, its
lffairs shall be liquidated by three com
nissioners elected by the stockholders at
/ meeting at which a resolution for the
dissolution of the corporation shall have
oeen adopted. In the event of the death
# such liquidators or any of them, his
shall be appointed by a court
If proper jurisdiction.
ARTICLE VIII.
No stockholders of this corporation
shall ever be held liable Or responsible
or the contracts or faults thereof in
my further sum than the unpaid bal
lnce due on his stock, nor shall any
mere informally have the effect of rem
1ering this charter null or expose any
stoekholder to any greater loss than his
stock
In testimony whereof said parties
nave hereunto signed their names in the
presence of me, said notary, and G. N.
Vernon and t. L. Hanfnett, good and
witnesses, on the day and
late first in the beginning written as the
late hereof
NJ. A. CURRIE.
r G CAYCF