The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-08
nv a board of directors consisting of

y
board shall constitute quorum, and
their decisions shall be corporate
acts The following persons shaf
constitute the first board OF direc-
tors. W. Q. Brice, r. A. Cram ana
.n u. Swlndle. with W. q. Bruce Is
president and treasurer; II. A, Cram
M vice president, and u. j.. SWIndl@
az secretary. No person shall be eng
ihIe as a director or officer VINO IS
nnt a stakeholder. Said board OF d.
rfrlors shall continue in Office until
the first Monday in September 1872,
on which date and thereafter an
mjallv a board Of directors and OIL
.icCrs shall be elected, unless SAID
dav shall be a legal holiday, when
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 Oh
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
| fee. 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-
led. The election for directors snail
| 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 Tor
whom if is east. AfteTaeach election
the board of directors shall elect
from their own number the officers
or the company.
ARTICLE V.
The board Of directors shall have
lfull 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
ject 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
leharter or with the laws OF the
United States or State. The presl-
dent il 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, fiz
their compensation, term OF service
with the right TO dismiss them; nc
shall submit the names OF all per-
sons appointed by him and dismissed
Iby him to the board of directors. and
lsaid 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
lficers herein provided for.
ARTICLE VI.
This charter may be changed
modified or amended, the capita
stock increased or decreased, or .ait
corporation may be dissolved at :
general meeting of the Stockholders
convened for that purpose, with tbs
assent of three-fourths of the entire
lcapital stock whether present 81
represented at the meeting. Taf
days prior notice shall be given II
any newspaper published in thi:
lefty. In case of dissolution or ter
lnination of this corporation. either
10y limitation OF its charter or 9TH
erwise. the liquidation nr it, affair;
shall be conducted by three comm )
sioners selected from the st ,"kholl-
ers with like assent, at meeting
IcalIed for that purpose, as set forth
in this article. Said commissioners
shall remain in office until the af-
fairs of said corporation shall have
been fully liquidated.
1 ARTICLE VII.
No stakeholder of this corporation
lshall ever be held liable or respon-
sible for the contracts or faults
thereof in any further sum than tht
UNPAID balance due the company Oh
1.-THE above shares OF stock subscribed
flor or owned by him, nor shall any
informally in organization have the
leifaet of rendering this charter nul
OF exposing a stakeholder to any liza
hility beyond the unpaid balance, il
any. due on his stock.