The Caucasian. (Shreveport, La.) 1900-192?, 1910-09-06

R. Coomber. ]. Q. Killer, R. V. Cook,
J. w. Peyton, L E. Stokes, A. A. Camp
bell J. w. Langston, ]. B. Embrey, O.
C. Cathey, G. T. Talbot and J. NJ. Wat
son, who shall serve until their success
ors are chosen The officers of this
company shall be a president, vice preSi-
dent and general manager and secre-
tary and treasurer, and the first of said
officers are declared to be A. R. Coon
Der, president; J. Q. Killer, vice presi-
dent and general manager, and R. V.
Cook, secretary and treasurer, and they
shall serve until their successors are
chosen And said officers shall be elect
ed annually after the first two years on
said second Tuesday in August. A ma
jority of the stock shall elect the direc-
tors, and in all elections or proceedings
of stockholders each share of stock pres
ent or represented by written proxy shall
be entitled to one vote. Notice of all
elections or meetings of stockholders
shall be advertised ten days in daily
Shreveport paper; directors to be chosen
at office of company.
ARTICLE VI.
Failure to hold an election for direc-
tors on the day named shall not dissolve
the corporation, but the incumbent di-
rectors shall hold over until their sue
cessors are duly qualified and elected.
Any vacancy in the board shall be filled
by the remaining directors. The board
of directors shall have the power to con-
tract debts, borrow money and do all
things necessary to carry out the objects
and purposes of this corporation.
ARTICLE VII.
No sale of stock shall be valid or
binding on the corporation until the
same has been transferred on the books
of the company; no transfer or sale of
stock shall be made by any stakeholder
of this corporation without his giving
the company ten days notice of his in
tention to sell and giving the said cor
poration the preference of purchasing
same. No stakeholder shall be liable
on any obligation of this corporation in
any further sum than the amount of
unpaid balance on his stock. On failure
of stakeholder to pay for stock sub
scribed it shall be optional with the
board of directors either to declare the
delinquent shares forfeited to the cor
poration or to sue the subscriber for
the price due on all stock to be sold for
not less than par.
ARTICLE VIII.
This corporation is authorized to in
crease its capital stock by two-thirds
vote of all the stockholders at a meeting
held according to law, said original
stockholders shall have right TO par
ticipate in said increased issue of stock
in proportion to holdings of original
stockholders, and in default thereof the
other stockholders shall first have
right to purchase said stock before it is
offered to third persons.
ARTICLE TX.
This charter may be modified, changed
or dissolved or amended in any way
Except to increase or diminish its capi-
tai stock, which shall be done by vote of
two-thirds of all stock presently with
the assent of three-fourths of the stock
represented at a general meeting of the
stockholders convened for this purpose
after thirty days previous notice pub
1ished in Shreveport paper. Whenever
this corporation is dissolved by linlita-
ton or otherwise, its affairs shall be
liquidated by three commissioners elect
ed at stockholders meeting, who shall
have full power to wind UP its affairs,
settle its Indebtedness and distribute
among its stockholders.
Done and passed at my Office in Caddo
Parish, Louisiana, in the presence of B.
F. Peyton and H. E. McCutchen, this
September S, 1910.
R.V. COOK.
A. R. COOMBER.
G. T. TALBOT.
B. EMBREY.
O. C. CARTHEY.