The Caucasian. (Shreveport, La.) 1900-192?, 1910-02-13

. 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
b. and appoint such managers, director
b. 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 0nay be issued and shall be
paid for when issued, either in cash OF
for services rendered % 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 60
| the same.
ARTICLE ".
All the powers of this corporation
shall be vested in a board of directors
composed of three stockholders who
shall be elected on the first Monday III
! 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
postoffice 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 majority of the board shall con-
Stitute a quorum for the transaction OF
business. The board Of directors shall
elect and employ any and ali employees,
managers and clerks Of the corporation
as they may deem necessary, fix their
compensation and remove them at will
All legal process shall be served on the
president, 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-thirds Of the
capital stock, represented at a meeting
of the stockholders convened for that |
purpose after fifteen days printed no
tlce in one of the newspapers published |
in the City of Shreveport, and personal |
notice given each stakeholder through |
the mail. At all such meetings, each |
share of stock shall be entitled to one
vote, either by its holder or by written
proxy, and in all stockholders meetings !
the majority of stock shall prevail. Pro-
viding that nothing herein shall prevent
the stockholders by unanimous consent
holding meeting without such notice,
when such unanimous consent is given |
in writing and signed by ali of the
stockholders of the corporation.
ARTICLE VII.
Whenever this corporation is dis
solved, either by Limitation or by vote
of its stockholders, or otherwise, its af- !
fairs shall be liquidated and settled by
one commissioner, appointed by the
stockholders at a meeting thereof and
such commissioner shall give such bond
and security and perform such duties /
as may be designated by said stocbhold-
erS, and he shall proceed to wind up and /
ll4uidate the affairs of said corporation
as expeditiously as possible and occ9rd- I.
ing to law.
ARTICLE VIII.
No stakeholder shall ever be held la
Bile or responsible for the contracts or
faults Of this corporation in any further
sum than the unpaid balance due on the
shares of stock owned by him, nor shall
any mere informally in the organiza-
ton render this charter null or expose
any stakeholder to any liability beyond :
he stock owned by him.
In testimony whereof the said parties
have hereunto subscribed their names in
presence of the attesting competent wit
1esses and me, said notary, on the d9tet
lrst in the beginning written.
/. HANSEN.
SAN w. MASON.
D. P. EUBANK.
Attest:
WILLIAM HAMILTON.
l. L. CULBERTSON.
S. 0. WILLIAMS.
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