The Caucasian. (Shreveport, La.) 1900-192?, 1910-02-03

=. with to sue and be sued in its coTpol
ate name; to make and use a corporal
seal and the same to alter at pleasure
to hold, receive, purchase and convey
under its corporate name, property, bot
real and personal, necessary in the man
agement of its business, and to nam
and appoint such managers, director
and officers as its interest and conven
fence may require, and to make and es
tablish such bylaws for the management
and regulation of its affairs as may b,
necessary.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of FIVE thous-
and dollars, divided into fifty shares OF
one hundred dollars each, and it shall
commence business as soon as said
amount of stock is subscribed and paid
for. Stock may be issued and shall be
paid for when issued, either in cash or
for services rendered to or property
transferred to the corporation, and all
stock when issued shall be fully paid.
The capital stock of this corporation
may be increased or diminished accord
ing to the laws of this State relating to
the same.
ARTICLE V.
All the powers of this corporation
shall be vested in board of directors
composed of three stockholders who
shall be elected on the first Monday in
February of each year, commencing in
the year 1911, at a general meeting con-
vened for that purpose, after ten days
previous notice sent to each of said
stockholders through the mail to their
postofice address, and until such cleo
ton in 1911 the following shall com
pose the first board of directors and
shall hold their office until their success
sors are qualified, to-Wit: L. Hansen,
Sam w. Mason, D. P Eubank, with
Sam w. Mason as president, and D. P.
Eubank as secretary treasurer. Vacan-
cies in the board of directors shall be |
filled by the remaining directors by
election from among the stockholders, |
and a majority of the board shall con-
st1tute a quorum for the transaction of |
business. The board of directors shall |
elect and employ any and all employees,
and clerks of the corporation |
as they may deem necessary, fix their
and remove them at will. |
All legal process shall be served on the
or in his absence on the sec
rotary and treasurer of the company.
ARTICLE VI.
This charter may be amended or
changed, or this corporation may be
abolished by vote of two-ttirds of the
capital stock, represented at meeting
If the stockholders convened for that
purpose after fifteen days printed no
ice in one of the newspapers published
n the City of Shreveport, and personal
notice given each stakeholder through
he mail At all such meetings, each
share of stock shall be entitled to one
Tote, either by its holder or by written
proxy, and in all stockholders meetings
he majority of stock shall prevail Pro-
giding that nothing herein shall prevent
he stockholders by unanimous consent
holding a meeting without such notice,
when such unanimous consent is given
n writing and signed by all of the
stockholders of the corporation.
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation or by vote
If its stockholders, or otherwise, its af-
airs shall be liquidated and settled by
one commissioner, appointed by the
stockholders at meeting there's, and
'ueh commissioner shall give such bondti
md security and perform such duties
IS may be designated by said stockhold-
RS, and he shall proceed to wind up and
iquidate the affairs of said corporation
IS expeditiously as possible and occord-
ng to law.
ARTICLE VIII.
No stakeholder shall ever be held liza
lie or responsible for the contracts or
aults of this corporation in any further
;um than the unpaid balance due on the
shares of stock owned by him, nor shall
my mere informality in the organiza-
ion render this charter null or expose
my stakeholder to any liability beyond
he stock owned by him.
In testimony whereof the said parties
ave hereunto subscribed their names in
presence of the attesting competent wit
lesses and me, said notary, on the date
lrst in the beginning written
L. HANSEN.
SAM w. MASON.
D. P. EUBANK.
Attest:
WILLIAM HAMILTON.
L. l. CULBERTSON.
S. O. WILLIAMS,
Deputy Clerk and ex-Of1cio Deputy No