The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-19

stock of this corporation is hereby fixed
| in the sum of five hundred thousand dol
lars ($5oo,ooo.oo), the came to be divid-
ed into and represented by 5000 shares
| of the par value of one hundred dollars
each, and 80 shares thereof are now sub
scribed and paid for, and the balance
of the shares of the said capital stock
may be issued by the board of directors
either for money received by this cor
poration or for labor done in its behalf,
or for property actually by it received.
This corporation shall become a going
concern, and be authorized to do bust
ness as soon as three thousand dollars
($3ooo.oo) of its capital stock shall
have been subscribed and paid for.
ARTICLE V.
Section I. All of the corporate powers
of this corporation shall be vested in
and exercised by board of of directors
to consist of FIVE members, all of whom
shall be stockholders, and three of
whom shall constitute a quorum for the
transaction of all business. Said board
shall be vested with full power and au
thority to direct and provide for the
making of contracts, purchases and
sales, to adopt ali bylaws, rules, regula
tons and resolutions for the govern
ment of the business and affairs of the
corporation, and to amend, al.tr or re-
peal such, and shall have full power to
fill all Jacancies which may Occur in the
membership of the board.
Sec. 2. An annual meeting of the
stockholders for the election of a board
of directors shall be held on the first
Monday in April in each. year, begin |
ming with the year 1911, and if the same
be not held at that time, then as soon
as may be deemed expedient
a failure to eelct directors on the date
above specified shall not dissolve the
nor impair its corporate
but the directors then in /
Office shall remain in office until their
successors shall be elected and qualified i
at the time for the annual meeting for
election of said directors there shall be
transacted such other business as may
be properly brought before such meet
ing; provided, however, the date of an
nual meeting may be changed and fixed
by the bylaws
Sec. 8. The officers of the corporation
shall be at least a president, a vice pres
dent, a secretary and a treasurer. In
addition the bylaws or resolutions of
his corporation may provide for two or
more vice presidents and an assistant
secretary, or more than one, and an as
,istant treasurer, or more than one
The president and each vice. president
shall be director, but no other officer
need be either director or stockholder.
Each board of directors shall elect Of
icers of the corporation, and the pow f
rs of such officers shall be shown m
he bylaws of the corporation, or by
esolution of the board, and ali officers
'hall hold office at the pleasure of the
,oard, and the tenure of all other EN-
,loyes shall be subject to definition and
control by the bylaws or by resolution
# the board.
Sec. 4. All elections and other ques-
ions submitted at stockholders meetings
hall be by ballot, and each stockholder
hall be entitled to one vote for every
hare of stock held by him, the same to
,e cast either in person or by proxy,
md majority of all the votes cast
hall prevail, except in such instances as
he statutes or this charter may other +.
wise provide
Sec. S. The board of directors may
ppoint committees, and such commit
ees shall have and may exercise such
lowers as shall be conferred or author
zed by the bylaws or the resolutions
# the board.
Sec. s. Every member of the board of
lirectorss in case of his absence from
he State of Louisiana or the City of
Shreveport at any time, shall have the
light to name and appoint in writing a
roxy to represent him and to sit in his /
,lace and name and act for him at all
meetings of the board which may be
Ield during his absence from the State
# Louisiana Or City of Shreveport
ARTICLE VI.
This act of Incorporation may be
hanged, altered, amended or modified,
II this corporation may be dissolved
With the assent and approval of, three
ourths of the issued and outstanding
hares of the capital stock present or
at a meeting of stockhold-
RS called for that purpose after giving
if such notice as the bylaws may pre-
cribe, and changes as to the capital
took shall only be made upon such no
ice as the law and the bylaws of the
may require +
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