The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-01


paid and worcestershire. The balance
of said capital stock, the same being
twenty thousand dollars, shall not be
sold or disposed of in any way except
by resolution of the board of directors,
ARTICLE ".
The affairs of the corporation shall
be managed and controlled by board
of directors consisting of three stock
holders who shall be elected at stock
holders meeting duly held at the Office
of the company on the first Monday in
| April of each year by the stockholders
at meeting called for that purpose, and
at all such meetings, each share of
stock owned or controlled shall be en-
titled to one vote, whether cast in per-
son by the holder thereof or by written
proxy, and in all meetings of stock
holders, except as otherwise provided,
a majority of the stock represented at
such meeting shall control Until the
election to be held in April 1911, the
following persons shall constitute the
board of directors of the corporation,
to-wit R. J. Daniel, T. B. Hinkle and
7. P. Lanier, with R. J. Daniel as pres
ident, T. B. Hinkle as vice president,
and I. P. Lanier as secretary-treasurer,
who shall hold their Offices until their
: successors are duly elected and quail
/ fed. Any vacancy occurring in the
board of directors shall be filled by the
remaining members or member of said
board of directors for the unexpired
term. Whenever board of directors
! is elected it shall Immediately meet and
elect from among its members a presi-
dent, vice president and secretary
treasurer.
ARTICLE v.
The board of directors shall have au-
thority to adopt a set of bylaws for the
regulation of the business of this cor
poration, to hypotheeate, mortgage,
pledge or dispose of any portion of the
property of said corporation for such
consideration. and on such terms of
payment as it may deem advisable, to
/ direct and control the officers and en-
p1oyes of the corporation, to pass all
rules and regulations which it may
deem necessary for the conduct of the
affairs of said corporation. Two direc-
tors shall constitute quorum for the
transaction of any business.
ARTICLE VI.
| Ten days written notice of all stock
holders meetings shall be given to each
stockholder unless otherwise required
by the laws of this State.
ARTICLE VII.
This corporation shall have and en-
joy succession for the period of twenty
FIVE years, unless sooner dissolved, and
whenever dissolved for any. cause, either
| by limitation or vote of a majority of
the stock present or represented at a
meeting called for that purpose, its af-
fairs shall be liquidated and settled by
one or more hquidators elected for that
purpose, who shall give such bond and
security and perform such duties as
may be prescribed by said stockholders.
Provided that when not otherwise pro-
vided by the laws of this State, the
stockholders may waive notice of any
stockholders meeting and the same may
be held at less than ten days notice
thereof This charter may be amend
ed, except as to increase or decrease its
capital stock, with the consent of a ma
jority of the stock present or represent
ed at meeting called for such purpose
ARTICLE VIII.
This corporation shall have and. en-
JOY all and any rights and privileges
conferred or authorized BY the laws oil
the State of Louisiana, and no stock
holder shall ever be held liable or re-
sponsible for the contracts or faults
thereof in any further sum than the TN
paid balance due on his stock, and no
mere informality shah have the effect
of rendering this charter null or of ex
posing any stockholder TO any greater
liability than the unpaid balance due on
his stock.
In testimony whereof said parties
have hereunto affixed their names in
the presence Of me, said notary and
the undersigned attesting witnesses, onE
the day first in the foregoing written
R. ]. DANIEL,
by T. ]. Lanier, Agt, & Atty, in fact. /
T. B. HINKLE,
by T. ]. Lanier, Agt. & Atty. in fact.
T. P. LANIER
Attest:
WM. I. YOUNG.
A. D. KEENEY.
TT. BELL, JR,
Notary Public.
Having examined the foregoing char
ter and act Of incorporation, and find
Il.