The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-16

fix. The first board of directors shall
consist of J. J. Paxton, T. F. Sar-
gent, B. L. Sargent, Frank Files, V.
l.. McCarty, and they shall continue in
office until the next annual election of
directors on the second Monday in
January 1910 or until their successors
shall be elected and installed. The di-
rectors shall be elected by the stock
holders, each share of stock shall be
entitled to one vote, to be east by iss
owner or by proxy A majority of
votes cast shall elect Any vacancy os-
curing in said board of directors froRs
any cause shall be allied by election by
the remainin6 directors. Three dfres
tors shall with the president OOnstituts
quorum to transact business.
ARTICLE V.
The capital stock of this eorporatieR
is fixed at twenty-five thousand dol
lars ($25 ooooo), to be divided int
twenty-five hundred shares of ten dol
lars $4,000 each. The corporation is
authorized to begin business when one
hundred shares of stock shall have beeR
subscribed and paid for TO the treasur-
er, and the stock shall be paid for in
cash or its equivalent On demand of the
treasurer. No stakeholder shall be lla-
bic for the contracts or faults Of the
corporation in any further sum than the
L. 4 ~ ~ir bnn
any informally in organization have the
effect of rendering this charter null and
void or exposing a stakeholder to liza
bility beyond the unpaid amount of his
stock The subscription and stock book
shall be kept at the office and domicile
of the company, where certificates of
stock shall beissued, and no transfer of
stock shall be recognized as valid or
binding until same is made upon the
! stock books of the company, and no
share of stock shall be transferred, sold
or disposed of, without the stockholders
first being given ten days notice and
allowing them the privilege of first pur-
chasing such stock at its market value.
ARTICLE vi
This charter may be changed or
amehded, or the corporation may be
dissolved with the % assent of three
fourths go of the amount of the cap
ital stock thereof at any meeting of the
stockholders convened for that purpose
after ten days previous notice has been
given by publication in some newspaper
in the Paris hof CaddO. When the cor
poration is dissolved its airairs shall be
liquidated by three commissioners
elected by the stockholders for that
purpose at q meeting of the stockhold-
ers convened for that purpose after ten
days previous notice in one of the news
papers published in the Parish of Cad
do, and then said commissioners shall
have full authority to wind up its at
fairs, dispose of its assets, settle its liza
bi1ities and distribute the proceeds
among the stockholders.
This done and signed in the Parish of
Caddo on this the 18th day of Decem-
Der in the year of Our Lord one thous-
and nine hundred and nine, in tn pres
ence of F. L. Wisdom and D. Rosen-
!, thai, competent witnesses, and before
the undersigned notary public.
T. F. SARGENT.
J. J. PAXTON,
per T. F. Sargent.
S. c. BARROW,
per T. F. Sargent.
B.. L SARGENT.
| authorize my wife to sign.
T. F. SARGENT.
= FRED H. SCHERN.
I FRANK FILES.
I V. [. McCARTY.
{ Attest: -,
F. l. WISDOM. -
: D. ROSENTHAL.
e A. B. FREYER,
f.; Notary Public, Caddo Parish, La
If This is to certify that have exam
h ined the above and foregoing charter
and finding nothing therein contrary tc
d law, hereby approve the same. DateC
d this 18TH day of December A. D. 1909
IS J. M. FOSTER,
d District Attorney First Judicial Dis
" trict, Caddo Parish, La
u Endorsed: Filed and recorded De
y cember IS, 1900. w. M. LEVY,
: Deputy Clerk and ex-Oficio Deputy Re
corder.
ID State of Louisiana, Parish of Caddo
| hereby certify that the above and fore
going is true and correct copy of tn