The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-07

Icates thereof all of these conditions as
to sale of stock shall be SO noted on the
certificates q stock.
ARTICLE ".
The affairs of the corporation, except
such as are held by its general manager,
shall be managed and controlled by a
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 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
legal day thereafter At all meetings
of stockholders each share of stock shall
be entitled to one vote whether cast in
person by the owner thereof or by writ
ten proxy, and i'll all meetings of stock
holders, except as 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 eentum of the outstand-
ing stock of this company to elect AS
soon as a board of directors is elected
1t shall Immediately meet, and from its
number elect president, who shall
also be general Manager; vice presi-
dent, and secretary 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
In. c. Cornwall, with R. c. Friend as
president and general manager; E. A.
| Thomas as vice president, and K {.
| Cornwall as secretary-treasurer, who
shall hold their Offices until their Sue
cessors 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 il
may deem necessary for the conduct of
the affairs of said corporation. Two
directors shall constitute quorum for
the transaction of any business, except
as otherwise provided herein. No Of
feer 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 meetings 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
ltiee of any stockholders meeting and the
same may be held at less than ten days
Inotice thereof.
ARTICLE VII.
| This corporation shall have and enjoy
Succession for the period of twenty-five
years unless sooner dissolved, and when
ever dissolved for any cause, either by
Limitation or a vote of eighty per centun
of the outstanding stock of same at
stockholders meeting called for tha
purpose, its affairs shall be liquidatet
and settled by one or more liquidatori
elected for that purpose, who shall give
such bond and security and perform
such duties as may be prescribed by sale
stockholders. This charter may b.
amended with the consent of eighty pc
centum of the capital stock of this cor
poration at a meeting called for tina
, purpose.
ARTICLE VIII.
This corporation shall have and ei1jo.
all the rights and privileges conferred
! or authorized by the laws Of the Stat
! of Louisiana, ard no stakeholder shall
: lever be hel dliable or responsible for tn
contracts or faults thereof in any fur
Their sum than the unpaid balance du
: on his stock, and no mere informally Il
! organization shall have the effect # ren
Idering this charter null or of exposin
i any stakeholder to any greater liabilit
1 than the unpaid balance due on hi
E stock
{ In testimony whereof said parties hav
9 hereunto affixed their names in tn
i tpresence Of me, notary, and the sui
scribing witnesses. on the day first