The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-31


real estate or other property or
right Of way as may be necessary to
|effectually carry out its purposes
And, further, to engage in the bust
MISS, or public service of supplying
natural gas to consumers i'll any
towns, villages or cities that the
board of directors may desire, or to
consumers in the country; and to
that end to acquire such franchises
and rights of way and other prop
erty as may be proper for such pur-
poses; and to build pipe lines and
maintain necessary distributing sta
tons, lines and machinery inciden-
tai thereto.
ARTICLE lit.
The capital stock of this corpora
ton is fixed at the sum of one hun
dred thousand dollars, divided into
one thousand shares of the par
value of one hundred dollars each,
and it shall become fully subscribed
for and one-third thereof is paid in
full But no stock shall issue until
the same is fully paid, and may be
issued for cash, for labor or for
property received at a valuation TO
be fixed by the board of directors.
ARTICLE ".
The affairs of this corporation
shall be managed and directed by a
board of directors consisting Of five
stockholders, who shall be elected
annually at a general stockholders
meeting called for that purpose on
the first Monday in February of
each year, and the said stockholders
so elected shall elect their own Of
ficers and shall hold their office I'M
til their successors are duly elected
and installed. Until the election on
the first Monday in February 1918
the following shall compose the
board of directors of this corpora
ten, to-wit: II. l.. Heilperin, who
shall be president; S. l.. Herold, who
shall be vice president; w. B. Nc
Cormiek, who shall be treasurer,
and Wheeler Shropshire and J. II.
Thatcher. Any vacancy i'll said
board Of directors shall be filled by
the remaining directors electing a
for the uneXpired term.
ARTICLE Y.
Whenever this corporation is dis
solved, by limitation or otherwise,
its affairs shall he liquidated by two
persons selected for that purpose at
a stockholders meeting duly held,
and said liquidators shall perform
sue hservices and give such security
as said stockholders meeting may
determine
ARTICLE VI.
This act of incorporation may be
and the capital stock in
creased or diminished, or this cor
poration may be dissolved by vote
of three-feurths of its stockholders
in amount at a stockholders meet
ing called for that purpose in ac-
cordance with the laws Of the State
G Louisiana, and at all stOckhOld-
ers meetings each share of stock
shall be entitled to one vote, to be
cast by its owner, either i'll person
CT by proxy. When not otherwise
provided by law, all stockholders
Shall be notified at least ten days
prior to any meeting of stockholders
by letter addressed to the, ioI
them to their usual pestoffiee adj
dress, but nothing herein contained
shall prevent said stockholders from
waving notice of such meeting and
consenting to the holding thereof al
an earlier day.
ARTICLE VII
No stakeholder of this corporation
shall ever be held liable or RESPONSE
bic for the contracts or faults there
Of in any further sum than the un-
paid balance due on his stock, nor
shall any mere informally have the
effect Of rendering this charter null
or of exposing stakeholder to any
loss beyond the amount of his stock.
In testimony whereof said parties
hereunti signed their names in pres
cree of me, notary, and the under
signed attesting witnesses on the
date first in the beginning written as
the date hereof.
w. B. MCCORMICK.
J. H. THATCHER,
per w. B. McCirmock.
II. L. HEILPERIN.
WHEELER SHROPSHIRE.
J. A. THIGPEN.
S. L. HEROLD.
Aftacf.