The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-14

ther that this corporation may begin
business as soon as fifty (5o) shares of
its capital stock shall have been sub
scribed and paid for in Oil, eisher in
cash or its equivalent.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in and exercised by
a board of directors consisting of three
stockholders, a ajority of whom shall
constitute a quorum for the transaction
of business. The board of directors
shall make all bylaws, rules and regula-
tions for the management of the bust
ness and the affairs of the company, and
may amend and change the same at
pleasure. The board of directors shall
elect the officers of this corporation. All
vacancies occurring in the board of
directors by death, resignation or other
wise, shall be filled by the remaining
directors. The first board of directors
of this corporation shall consist of J.
B. Mccain, w. II. Harper and Edwin
F. Stewart ". II. Harper as president,
Edwin 2. Stewart as vice president and
secretary, and J. B. Mccain as treasur
Gu, which saiG board of directors shall
remain IN office until the first Monday
i'll June 1911, or until their successors
shall have Been duly elected and quail
fed Or the first Monday in tune 1911,
and annually thereafter, al election of
directors shall be held at the office of
the corporation in the City of Shreve
pore, Gaddo Parish, Louisiana, notice of
which, said meeting shall be given in any
one Of abe newspapers published in the
City OF Shreveport, Louisiana, for ten
days prios 80 said meeting. At all stock
holders meetings each share of stock
shall be entitled 20 one vote, either in
person or by proxy in wri&ing. In the
event OF the aailure 20 elect directors as
specified above, The directors then in oG-
fee shall serve until their successors
shall have been elected, but meeting
for such election may then be held at
any time after ten days written notice
to each stakeholder.
ARTICLE V.
This charter may be modified or
amended, except as to increase or de-
crease OF its capital stock, or this cor
poration may be dissolved with the as
sent of majority of the stock at gen
eral meeting of the stockholders con-
vened for such purpose after thirty days
notice published in any one of the news
papers published in the City of Shreve-
port Louisiana.
ARTICLE VI.
Whenever this corporation is dis
solved, either by limitation of its charter
or any other causes, its affairs shall be
liquidated by two commissioners elected
by the stockholders at a meeting con-
vened for such purpose after thirty days
published notice in any of the news
papers published in the City of Shreve-
port. In case of the death of either of
such liquidators, the other commission
er shall continue to liquidate the affairs
until same have been finally closed.
ARTICLE VII.
No stakeholder shall be held liable for
the contracts or faults of this company
in any further sum than the unpaid bal
ance due the company on the shares
owned by him, nor shall any informally
in organization have the effect of rem
dering this charter null nor of exposing
a stakeholder to any liability beyond the
amount of his stock.
In testimony whereof, the said parties
have hereunto signed their names in the
presence of J. H. Nelson and c. C. Mil
Ter, competent witnesses, and me, no
tary public, on this the oath day of May
A. D. 1910.
]. B. McCANN.
w. H. HARPER,
by ]. B. Mccain, Atty. |
EDWIN F. STEWART, |
by J. B. McCann.
Attest:
J. H. NELSON.
c. c. MILLER.
E. B. HERNDON, JR.,
Notary Public.
State of Louisiana, Parish of Caddo:
have examined the above and forego-
ng charter and approve the same. This
18th day of May A. D. 1910.
J. M. FOSTER,
District Attorney.
Endorsed: Filed and recorded this
18th day of May AID. 1910.
S. o. WILLIAMS,
Deputy Clerk and ex-Oficio Deputy Re-
< corder.