The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-07

stock of this corporation is hereby fixed
, in the sum of five hundred thousand dol
lars ($5oo,ooo.oo), the same 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
i scribed and paid for, and the balance
of the shares of the said capital stock
may be issued by the board of directors
i 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 going
concern, and be authorized to do BUSH
ness as soon as three thousand dollars
i ($3,ooo.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 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
| tions and resolutions for the govern
ment of the business and affairs of the
corporation, and to amend, alter or re
peal such, and shall have full power to
fill all vacancies which may occur in the
membership of the board.
Sec 2. An annual meeting of the
stockholders for the election Of board
of directors shall be held on the first
Monday in April in each year, beging
ming with the year 1911, and if the same
be not held at that time, then as soon
thereafter as may be deemed expedient
failure to eelct directors on the date
above specified shall not dissolve the
corporation nor impair its corporate
management, but the directors then in
Office shall remain in Office until their
successors shall be elected and qualified Il
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. 3. The officers of the corporation
shall be at least president, vice pres
ident, secretary and a treasurer In
addition the bylaws or resolutions of
this corporation may provide for two or
more vice presidents and an assistant
secretary, or more than one, and an as
sistant treasurer, or more than one.
The president and each vice president
shall be director, but no other officer
need be either director or stakeholder.
Each board Of directors shall elect of
fcers of the corporation, and the pow
ers of such officers shall be shown in
the bylaws of the corporation, or by
resolution of the board, and ali officers
shall hold Office at the pleasure of the
board, and the tenure of all other EN-
ployes shall be subject TO definition and
control by the bylaws or by resolution
Of the board.
Sec 4. All elections and other ques-
tons submitted at stockholders meetings
shall be by ballot, and each stakeholder
shall be entitled to one vote for every
share of stock held by him, the same to
be cast either in person or by proxy,
and majority of all the votes cast
shall prevail. except in such instances as
the statutes or. this charter may other
wise provide.
Sec. S. The board of directors may
appoint committees, and such commit
tees shall have and may exercise such
powers as shall be conferred or author
lied by the bylaws or the resolutions
of the board
Sec 8. Every member of the board Of
directors, in case of his absence from
the State of Louisiana or the City of
Shreveport at any time, shall have the
right to name and appoint in writing a
proxy to represent him and to sit in his
place and name and act for him at all
meetings of the board which may be
held during his absence from the State
of Louisiana Or City Of Shreveport.
ARTICLE VI.
This act of Incorporation may be
changed altered, amended or modified.
or this corporation may be dissolved
with the assent and approval of three
fourths Of the issued and outstanding
shares of the capital stock present or
represented at a meeting of stockhold-
ers called for that purpose after givingl
Of such notice as the bylaws may pre-
scribe, and changes as to the capital
stock shall only be made upon such no
tice as the law and the bylaws of the
cornoratiofl may rediiire