The Caucasian. (Shreveport, La.) 1900-192?, 1911-08-08

qualified; aay failure to elect direc-
tors shall not be regarded as a for
fixture of this charter, and any va
lCancy occurring in the board of di-
lrectors shall be filled By the remain
ling members for the unexpired term.
The officers Of this corporation shall
be a president, vice president, an
executive committee of three mem
hers, treasurer, a secretary and
managers, who shall be elected an
nually by the board of directors. All
of the said officers shall be members
Of the board Of directors, except the
treasurer, the secretary and the
managers; and the latter shall be
competent underwriters and they
shall have active charge Of conduct
| ing the business Of the corporation.
The following are hereby declared
to be the first board of directors: s.
T. Woodring, w. d. Wadley, A. J.
Peavy, C. E. SIagle, w. V. Sheriff., J.
w. Alexander and Paul Lisso, and
they shall hold Office until the
fourth Tuesday in January 1915, or
until their successors shall have
been duly elected and qualified. The
are hereby declared to be
The first officers Of this corporation:
S. T. Woodring, president; G. Il. Sla-
gle, first vice president; w. D. Wad-
ley, second vice president; S. L.
Woodring, w. d. Wadley, A. ].
Peavy. executive committee; A. j.
peavy. treasurer; J. K. Mcfarland,
secretary; J. X. Mcfarland & Co,
managers, who shall hold office for
one year, or until their successors
have been duly elected and qualified.
ARTICLE v.
All persons, firms, associations or
corporations who shall hereafter in
sure with this corporation shall
Thereby become members during the
period they shall remain insured by
this corporation, but not longer;
they shall be bound by the provls-
ions of the charter, the conditions
of their policy contracts and the by
laws printed thereon; and by oil le-
gal acts of the corporation.
ARTICLE vi.
In January of each year, and pre-
vious to the annual meeting of the
policy holders and members, the
| board of directors shall meet and
determine the equitable proportion
of profits earned on December 81
/ that shall be distributed to policy
holders and members. Such profits
lsball be payable in cash and shall be
in proportion to the earned pre-
miums on their policies; and when
THUS determined, the amount OF
profits declared shall be binding and
conclusive on all parties entitled to
share in same. The board of direc-
tors may, at its discretion, set aside
each year portion of the net pro-
, fits to a permanent reserve fund.-
which shall remain with this cor
poration to provide additional Sc
: curity to the policy holders.
ARTICLE VII.
This act of incorporation may be
amended, modified or changed, OF
This corporation may be dissolved by
y a -fourths vote of all the policy
holders and members of the eorpor-
alton present or represented at q
general meeting convened for the
purpose, after ten days prior writ
@ lien notice directed TO the policy
q holders and members at their las
v known address. In case OF dlssolu-
ltion by limitation or otherwise, th'
lpolicy holders aud members sinai
~ elect three commissioners iron
a among their own membership U
% Iiouidate and settle the business AMI
a affairs of this corporation. In case o
death or disability of any OF san
O commissioners, the SURVIVORS shal
ID continue to act.
S. T. WOODRING,
II by ]. K. Mcfarland
10 b. H. SMITH.
- ny y. IA ELL i"Ae''-~
p G.. Fl. DODD,
g by J. X. McFralanC
- WARREN j.. PRICkETT,
Is by J. K. Mcfarland
Dyl J. w. MARTIN,
1dl by j. X. McFralan'
ROBERT STACK,
by J. X. McFralan'
A. J. PEAVY,
lis by J. X. MCFralan
ndl J. w. ALEXANDER.
lis O.. E. SLAGLE,
~ by ]. w. Alexande
10 J. X. MCFARLAND,
ed by J. w. Alexande
IT. PAUL LfSSO,
d. by J. w. Alexande
all HUGH CORY,
a. by J. w. Alexande
"a J. s. CROWELL,
tel by J. w. Alexande
al w. d. LURRY,
,ar by J. w. Alexande
~ f.. BEHLEN,
III by J. w. AIexandt
Ich w. V. SHERRIIL,