The Caucasian. (Shreveport, La.) 1900-192?, 1911-04-02

and selling of lumber in all of its forms,
buying and selling of builders hardware
and all kinds of building material, tim
Der Of all kinds, shingles, Iath, sash,
DOORS blinds and other products OF
wood, and the purchase and sale of tim
Der lands.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of twenty-five
thousand dollars, to be divided into two
hundred and fifty shares of the par
value of one hundred each, the corpora
ton to begin business when three thous-
and dollars of the capital stock is sub
scribed and paid in. Said stock to be
paid for in cash or in property of 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 m a board of
directors to be composed of FIVE stock
holders, which board shall be elected
annually on the first Monday in Janu-
airy, beginning with the year 1912. The
first board of directors and officers shall
be as follows: H. P. Dance, president;
J. Il. Jones, vice president; G. B. Jones,
secretary-treasurer, and Mrs. Louise A.
Dance. The president, vice president
and secretary-treasurer shall constitute
the officers of the corporation, and their
duties shall be the same as usually de-
po1ve 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 proxy,
and the majority of votes shall elect.
The board of directors shall make all
rules and regulations for the manage
nqent of the business of the corporation
as it may deem necessary or expedient
ARTICLE vi.
The charter may be modified, changed
or amended, or this corporation dis
solved with the consent of three-fourths
of the amount of the capital stock rep
resented at a meeting of the stockhold-
ers convened for that purpose. There
shall be ten days notice of all meetings
of stockholders published in one of the
daily papers of the City of Shreveport,
Or notice of such meeting mailed to
each member by tie secretary ten days
before the date of the meeting, provided
such notice may be waived by written
consent of all stockholders. Whenever
this corporation is dissolved by limita-
ton or otherwise, its affairs shall be
iquidated by two commissioners elected
by stockholders, who shall have full
power TO wind up its affairs, settle It's
liabilities and distribute the proceeds
among the creditors and stockholders.
ARTICLE VII.
Ne stakeholder shall ever be liable
for the contracts or faults of this cor
poration in any further sum than the
unpaid balance due to the company on
shares of stock subscribed for. nor shall
any possible ilfegality or inforrnality in
organization have the effect of render
ing this charter null or exposing a
stakeholder 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 on the
books of this company, and no sale of
stock to an outsider shall be valid unless
the stock is first offered the other mem
bers of the corporation at its market
value
Done and passed at my Office in the
Parish of Caddo, State of Louisiana, in
the presence of w. P. Hall and R. w.
Norton, competent witnesses, on this.
the 23rd day of February 1911.
TT. P. DANCE.
MRS. LOUISE A. DANCE,
authorized by H. p Dance
J. M. JONES.
c. B. JONES, JR.,
Witnesses: by !. M. Jones.
X w. NORION
w, P. HALL
GEO WHITFIELD JACK,
Notary Public
State of Louisiana, Parish of Caddo:
Having examined the foregoing act of
incorporation and finding nothing there
in contrary TO law, hereby approve the
same this 24th day of February 1911
J. M. FOSTER,
District Attorney First Judicial District
of Louisiana.
Endorsed: Filed and recorded Febru-
airy ID, 1911. d. P. EUBANK,
Deputy Clerk and ex-Oficio Deputy Re
corder.
State of Louisiana, Parish of Caddo:
I hereby certify that the above and fore
going is true and correct copy of the
original act as the same now appears on
file and of record in my office Given /