The Caucasian. (Shreveport, La.) 1900-192?, 1911-01-05
the vice president.
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ARTICLE IF.

the vice president
ARTICLE III.
The purpose for which this corpora
ton is organized and the nature of the
business to be carried on by it are de-
clared to be the manufacture, buying,
and selling of lumber in all its forms,
timber of all kinds, shingles, laths, sash,
doors, blinds, and other products of
wood, the buying and selling of builders
hardware and all kinds of building ma
terial and the purchase and sale of tim
Der lands.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of one hun
dred thousand dollars, to be divided III
to one thousand shares of the par value
of one hundred dollars each, the corpor-
alton to begin business when fifty thous-
and dollars Of the capital stock is Sub
scribed and paid in. Said stock to be
paid for in cash or in property or its
equivalent, in such manner as the board
of directors may determine.
ARTICLE V.
All the corporate powers of this cor
poration shall be vested in board of dl-
rectors to be composed of five stock
holders, which board shall be elected
annually on the first Monday i'll Janu,
airy, beginning with the year 1912. The
first board of directors and officers shall
be as follows: c. c. Hardman, presi-
dent; A. B. Hartman, vice president
R. T. Carr, treasurer; J. c. Baker, sec
rotary, and Meyer Noyes. The president,
vice president, secretary and treasurer
shall constitute the officers of the cor
poration, and their duties shall be the
same as usually devo1ve on such officers,
The directors shall be elected by the
stockholders, each share of stock to be
entitled to one vote, to be cast by its
owner or by proxy, and the majority OF
votes shall elect. The board of directors
shall make all such rules and regulations
for the management of the business of
the corporation as it may deem neces-
sary and expedient.
ARTICLE VI.
The charter may be modified, changed
or amended, or this corporation dissolved
with the consent of tlree-fourths of the
amount of the capital stock represented
at a meeting of stockholders convened
for that purpose. There shall be ten days
notice of all meetings of stockholders
published in one of. the daily newspapers
of the City of Shreveport, or notice OF
such meeting mailed to each member by
the secretary ten days before the date
of the meeting, provided such notice
may be waived by written consent OF
all stockholders. Whenever this corpor-
alton is dissolved by limitation or other
wise, its affairs shall be 1iquidated by
two commissioners elected by the stock.
holders, who shall have full power to
wind up its affairs, settle its liabilities
and distribute the proceeds among the
creditors and stockholders.
ARTICLE VII.
No stakeholder shall ever be liable for
the contracts or faults of this corpora
ton in any further sum than the unpaid
balance due to the company on shares
of stock subscribed for; nor shall any
possible iliegality or informality in or.
ganization have the effect of rendering
this charter null or exposing stock
holder to any liability beyond the
amount of his stock due by him as
aforesaid. All sales or transfers Of
stock to be valid must first be made or
the books of the company, and no sale
of stock to an outsider shall be valid I'M
less the stock is first offered the Other
members of the corporation at its mar
ket value.
Done and passed at my Office in the
Parish of Caddo, State of Louisiana, in
the presence of R. w. Norton and R. D.
Webb, competent witnesses, on this z8tt
day of December 1910.
c. c. HARDMAN.