The Caucasian. (Shreveport, La.) 1900-192?, 1910-03-13

certificate of stock shall be issued until
full payment is made thereof, which
may be by money, property, services or
any other valuable consideration NOV
ing to said corporation, and resolution
of the board of directors of this cor
poration that the consideration given
! for any stock is fair and adequate shall
be conclusive evidence that it IS such,
but no stock shall issue for less than the
par value thereof.
ARTICLE VII.
The board of directors of this cor
poration shall be composed of not less
than three stockholders for the ensuing
wear. The board of directors shall have
authority to adopt set of bylaws for
the regulation of the business OF this
corporation to adopt a corporate seal,
TO hypothecate 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-
ployes of the corporation, to pass all
rules and regulations which it may deem
necessary for the conduct of the affairs
of said corporation.
ARTICLE VIII.
The officers of this corporation until
| the first annual meeting of the board of
directors on the second day OF
March 1917, are: W. A. Jones, presi-
dent; R. B. Williamson, vice president,
and ]. B. Stump, secretary, who shall
constitute its first board of directors.
At the end of their term of office, the
| officers of said corporation shall be elect
ed by the board of directors. The regu-
lar annual meeting of the stockholders
shall be held ON the second day of
| March of each year.
ARTICLE TX.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof III
any further sum than the unpaid bal
ance due the company on the shares of
! stock subscribed for or owned by him,
nor shall any mere informally in or
gatiization have the effect of rendering
this charter null or of exposing any
stakeholder to any liability beyond the
unpaid balance, if any, due on his stock.
ARTICLE x.
| In the event of the dissolution of this
corporation by expiration of time, or by
resolution of its stockholders passed in
| accordance with law, the stockholders
shall elect from among their number
two liquidators to dispose of the assets
of the corporation, pay its debts and
among the stockholders according to
instructions to be given by the stock
holders at the meeting appointing them
When said 1iquidators shall have com
| pleted their duties, they shall prepare
and file process verbal of same, have it
recorded in the mortgage books of Cad
do Parish, and give notice thereof by
registered mail to each stakeholder
4 Thus done and passed at Shreveport,
Louisiana, in the presence of w. w
i Jones and L. B Young, competent
witnesses, who hereunto sign as such
together with said appearers and me
notary, on the day and date hereinbe-
fore written.
w A. JONES.
]. B. STUMP.
Attest: r. B. WILLIAMSON.
| w. w. JONES.
i L. B. YOUNG.
JOHN D. WILKINSON,
Notary Public
! State of Louisiana, Parish of Caddo
!. Having carefully examined the provis
, ions of the foregoing charter of tht
: Loggy Bayou Lumber Company, AM
finding nothing contained therein con
trary to law, / hereby approve same
. Done and signed officially on this otl
day of March A. D. 1910.
!, J. M. FOSTER,
District Attorney First Judicial Dis
: tr1ct OF Louisiana.
Endorsed Filed and recorded Marcel
: 9, 1910. w. M. LEVY,
: Deputy Clerk and ex-Oficio Deputy Re
a corder.
State of Louisiana, Parish of Caddo
. hereby certify that the above and fore
going is true and correct copy of tn
/ original act, as the same now appear
: on file and of record in my office. Givel
under my hand and seal of office thi
9th day of March 1910.
e w. M. LEVY,
}, Deputy Clerk and ex- Oficio Deputy Re
corder. $40.
| SHERTFFS SALE.
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