The Caucasian. (Shreveport, La.) 1900-192?, 1911-09-17

man thereof, the vice president dtn
OBSERVATION-DISCLOSURES. Two of said
board shall constitute quorum, ard
their decisions shall be corporate
acts. The following persons snail
the first board OF dlrec-
tors: w. O. Brice, r. A. Grain and
ID. d. SwindIe, with w. o. BrIce as
president and treasurer: K. A. Cram
as vice president. and ID. ID. Swlndl4
as secretary. No person shall be eng
ible as a director or officer VINO Is
rot a stakeholder. Said board OF d.
rectors shall continue III Office until
the first Monday i'll September 19l2,
on which date and thereafter an
mIallv a board of directors and OF
ticers shall be elected, unless SAID
dav, shall he legal holiday, when
the election shall be held on the next
legal day thereafter. Notice OF sad
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 commas
siCners. Any failure to elect dlrec-
tors on the day named for that pur-
pose snail not dissolve the corpOr-
alton. but the directors then IN Of
flee. as well 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 provld-
cd 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 iii their
number caused by death, resignation
or otherwise, from among the stock
holders of the corporation. They
shall have full control of the prop
erly 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
jcct 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 1T may
deem necessary for the management
and conduct thereof, provided, the
same shall not conflict with this
'charter or with the laws of the
United States or State. The presl-
Gent is authorized to appoint such
officers, agents, employees, servants,
clerks 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
general meeting of the stockholders
convened for that purpose, With Tie
assent of three-fourths Of the nntlre
lcanital stock whether present OF
represented at the meeting. Taf
days prior notice shall be given il
any newspaper published in Tins
city. In case of dissolution or Ter
lnination of this corporation. either
by limitation of its charter or 9TH
trwise, the liquidation IF its affair;
shall be conducted by three commits
sioners selected from the St ,"kholI-
ers with like assent, at a meeting
called for that purpose, as set forth
in this article. Said commissioners
shall remain in office until the at.
fairs of said corporation shall have
been fully liquidated.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or respon.
sible for the contracts or fault:
thereof in any further sum than tn
UNPAID balance due the company OF
the above shares of stock subscribed
for or owned by him, nor shall an.
lnformality in organization have tn
Iclle"t of rendering this charter rul
or exposing a stakeholder to any Tia