The Caucasian. (Shreveport, La.) 1900-192?, 1911-11-19

dOmlcIie shall be III the city Of
Shreveport, Louisiana, and all eta
ton and other legal process shall
be made on its president, or in his
labsence at the office of the COM
Ipany according to law.
! ARTICLE II.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by it are hereby declar-
ed to be to conduct the business of
buying and selling automobiles. gas
engines, and other machinery; to
conduct a garage III the city Of
/ Shreveport: to carry on the bust
ness Of repairing automobiles and
other machines and to carry on the
business of owning and operating
automobiles for hire.
ARTICLE III
! The authorized capital stock Of
this corporation is hereby fixed i'll
! the sum Of ten thousand $4,000,
dollars each. The corporation is au-
shares on one hundred 100000,
dollars each. The corporation is au-
/ thOriZpd 10 commence business and
shall be going concern whenever
forty 40 shares of its capital
stock is subscribed and paid for.
The capital stock Of this corpora
ton shall be disposed Of for not less
than its par value, and all stock is
sued by this corporation shall be
full paid and worcestershire. provi-
ded, however, that the corpora ton.
may issue stock in payment of
/ property, to the extent of the cash
value thereof in the opinion of the
board Of directors of the company.
/ ARTICLE ",
! The corporate powers Of this cor
| poratlOn shall be vested in a board
of directors, consisting Of not less
| than three or more than five stock
holders. who shall be elected annu-
ally on the first Thursday in Janu-
| airy, The first board of directors
is declared to be r. E. Allison. J. T.
Allison, ". I. Moore and F. w. Pal
is, who shall serve until the first
Thursday i'll January 1912, or until
their successors are elected The of
flcers of this company shall be a
president, vice president. secretary
and treasurer, and the first of said
officers is declared to be R. E. AL
lison, president: J. T. Allison. vice
president and treasurer: W. T.
Moore, secretary
The said Officers shall be elected
annually on the first Thursday in
January. A majority of the stock
shall elect the directors, and in all
/ elections or proceedings of stock
holders each share Of stock pres
ent or represented by written
proxy shall be entitled to one vote.
Notice of all elections or meetings
Iof stockholders shall be advertised
III a daily newspaper i'll the city of
Shreveport: provided. however. that
such notice may be waived by I'M
animous consent of the stOckhold-
ers.
ARTICLE Y.
No stakeholder shall be liable on
account of any obligation to this
corporation in any other sum than
the amount of the unpaid balance
due by him on the stock subscribed
for. No irregularity or any inform
atty in organization shall have the
effect of rendering this charter null
or Of exposing any stakeholder to
any liability beyond such unpaid
balance.
ARTICLE VI.
This charter may be amended
Except as to increasing or decreas-,
ing its capital stock by two thirds
vote of stock. represented at 8
meeting of the stockholders conven-
ed for that purpose, after ten days
previous notice by publication in
any one of the newspapers of the
city of Shreveport, La.
Whenever this corporation is dis
solved by limitation or otherwise,
its affairs shall be liquidated by
three commissioners elected at a
stockholders meeting, who shall
have full power to wind up its af-
fairs and settle its indebtedness.
In testimony of all of which the
said above named parties have
hereunto affixed their signatures
in the presence of C. Keller and Isl
'dore Holland, competent witnesses,
on this the 2Sth day of October,
1911, (Signed).
F. w. PALS.
w. T. MOORE,
r. f. ALLISON.
J. T. ALLISON.