The Caucasian. (Shreveport, La.) 1900-192?, 1911-11-14

divided into five hundred shares 81
one hundred $4,000 dollars each
and this corporation Is authorized
Ia begin business when tWenty-thfee
thousand five hundred S23.ooOoo}
dollars of its capital stock shall
have beens subscribed and paid in
cash or its equivalent.
ARTICLE N.
The corporate power Of this cor
poration shall be vested in a board
of directors. consisting of three
stockholders. two of whom shall
constitute a quorum for the trans
action of business. This board shall
be elected annually by ballot by the
stockholders at a meeting to be held
ON the first Monday in December OF
each wear, beginning with the year
1911. and the directors shall elect
the other officers Of the corporation
until such meeting shall be held
and their successors elected ana
qualified. The directors of tins cor
poration shall be Y. l.. McCarty.
who shall be president; C. +. Davis,
who shall he vice president, and f.
w. Browne, who shall be secretary
and treasurer. The board of dlrec-
tors shall have authority to make
such regulations for the conduct ana
management Of the corporation and
shall have the right to appoint such
officers and agents and employees as
they may deem proper and neces-
sary in the conduct OF the business
and affairs Of the corporation.
ARTICLE Y.
This corporation shall have power
to sue and be sued; to buy, sell and
mortgage any and all kinds of prop
erty: to contract and be contracted
with: to make and have a corporate
seal and the same to change and al
ter at pleasure: to make donations
whenever such may be 10 the evil
dent interest of the corporation, and
generally to do and perform any
and everything that may be neces-
sary in the promotion Of the objects
and purposes for which it is formed.
ARTICLE VI.
At all meetings of stockholders
each share of stock shall be entitled
to one vote to be east in the person
of the holder, or by proxy, and the
majority OF votes cast shall elect:
public notice of the meetings of
stockholders shall be given by print
ed notice in one of the newspapers
published i'll the city OF Shreveport,
or by personal notice mailed to the
stockholders, to his postoffice adj
dress, provided the stockholders
may waive notice or may meet by
unanimous consent without notice.
ARTICLE VII.
This charter or act of incorpora-
ton may be changed, amended, al
tered or abolished Except as to in
creasing or decreasing its capital
stock or the corporation dissolved
by vote Of three-fourths of all the
stock outstanding at special meet
ing called for that purpose after ten
days notice, as above provided.
ARTICLE VIII.
Whenever the corporation is dis
solved by limitation or otherwise, its
affairs shall he administered and
wound up by two liquidators, to be
selected by the stockholders at a
meeting called for that purpose in
the manner provided in this act
These liquidators shall continue in
office until the full liquidation of
the affairs of the concern. In case
of death, disability or resignation of
these liquidators or either of them,
the vacancy may be filled by the
stockholders at meeting regularly
called: or. in the discretion of theI
stockholders the affairs shall be-
conducted by the remaining diqui-
dator alone.
ARTICLE *
No stakeholder in this corporation
shall ever be subjected to or liable
for any debts, contracts or faults of
this corporation in any sum in ex-
cess of the unpaid balance. if any,
due on his stock therein; nor shall
any informally in organization have
the effect Of rendering this charter
null or of exposing any stakeholder
to any personal liability.
Thus done and passed at my office
in said parish Of Caddo, in the pres
ence of Lucy Lacy and 7. F. Bell Jr.,
competent witnesses. on this the 9th
day of October 1911. ;.
Y. l.. MCCARTHY.
CLIFTON +. DAVIS.