The Caucasian. (Shreveport, La.) 1900-192?, 1911-09-12


Imam thereof; the vice president ana
Observation-Disclosures. Two Of said
board shall constitute quorum, and
their decisions shall be corporate
acts. The following persons snail
constitute the first board OF dlrec-
tors: w. o. Brice, R. A. Grain and
ID. D. Swindle, with w. 0. Brice as
president and treasurer; h. A. Cram
as vice president, and d. ID. SWlndle
as secretary. No person shall be ellg-
lible as a director or officer who IS
lhot a stakeholder. Said board of di-
rectors shall continue in office until
1.-The first Monday in September 1912,
lon which date and thereafter an
nually board of directors and Of
Ulcers shall be elected, unless said
day shall be a legal holiday, when
1.-The election shall be held on the next
legal day thereafter. Notice OF said
election shall be given by at least
ten DAYS continuous notice in one OF
the daily newspapers of Shreveport
and the board of directors shall ap-
point one or more stockholders to
preside at such election as commits
siCners. Any failure to- elect direc-
tors on the day named for that pur-
pose shall not dissolve the corpOr-
alton, but the directors then in Of
i flee. as we'll as the officers of said
company, shall hold over until their
successors shall be chosen. In such
event the president shall call an
other election to be held within
thirty 800 days and shall give no
tice thereof as hereinbefore provid-
ed. The election for directors shall
be by ballot and the majority in.
amount of votes cast, each share of
stock voted to be counted as one
vote, shall elect the person for
Whom it is cast. After each election
the board of directors shall elect
from their own number the officers
of the company.
ARTICLE V.
The board of directors shall have
full power to fill vacancies in their
number caused by death, resignation
or otherwise, from among the stock
holders of the corporation. They
shall have full control of the prop
erty of the company, and shall SO
conduct, manage and use the same
as in their discretion they deem fit,
and that is consistent wit hthe OBJ
iject of this company, or the welfare
of the same. They are authorized to|
adopt such bylaws, rules and reg
ulations as the affairs of this cor
poration may require, and as it may
deem necessary for the management
and conduct thereof, provided, the
same shall not conflict with this
lcharter or with the laws of the
United States or State. The presi-
Gent is authorized to appoint such
lofficers, agents, employees, servants,
Iclerks as he may deem necessary
for the conduct and management of
| the affairs of the corporation, fix
their compensation, term Of service,
with the right to dismiss them; he
shall submit the names of all per-
sons appointed by him and dismissed
by him to the board of directors, and
said board may annul his action by
a two-thirds vote. The board shall
have the right to fix and determine
the salaries, terms, dues of the Of
ficers herein provided for.
ARTICLE VI.
| This charter may be changed,
modified or amended, the capital
stock increased or decreased, or this
corporation may be dissolved at 4
general meeting of the stockholders
convened for that purpose, with the
assent of three-fourths of the entirs-
capital stock whether present or
Represented at the meeting. Ten
days prior notice shall be given in
any newspaper published in this
city. In case of dissolution or ter
Ilnination of this corporations. either
10y limitation of its charter or 9TH
efwise, the liquidation Of its affairs
shall be conducted by three commits
sioners selected from the sl)"khelI-
|ers with like assent, at a meeting
Icalled for that purpose, as set forth
in this article. Said commissioners
lshall remain in office until the af-
fairs of said corporation shall have.
been fully liquidated.
ARTICLE VII.
No stakeholder of this corporation
Ishall ever be held liable or respon-
Esible for the contracts or faults
thereof in any further sum than the
UNPAID balance due the company on
THE above shares of stock subscribed
for or owned by him, nor shall any
informally in organization have the
leite"t of rendering this charter null
Or exposing stakeholder to any ma