The Caucasian. (Shreveport, La.) 1900-192?, 1911-09-10

W. poIdte seal and the same to break
ssnd alter at pleasure; to hold. re-
celve, have, purchase, improve.
ALLEVIATE, convey, sell, borrow. pledge.
mortgage and hypothecate under its
corporate name, property both real
and personal and mixed. and to name
and appoint such officers, directors.
managers and agents or employees as
the interest or convenience of the
corporation may require: to make
and establish bylaws, rules and reg
ulations for the proper management
and regulation Of the affairs of the
corporation as may be deemed ne
eessary and proper, and the same to
change and alter at pleasure: and to
90 all other acts and things permit
ted by law, or shall be necessary and
proper to carry out the objects and
purposes of this corporation. Said
Incorporation, unless sooner dissolved
III accordance with its charter. shall
exist and continue for period of
ninety-nine years from and after the
cate hereof. The president or in his
absence the vice president, shall be
the proper person upon whom eta
ton or other legal process shall be
served
ARTICLE III.
The objects and purposes of this
corporation are hereby declared to
be as follows: To buy and sell lands
or lumber, timber and timber con-
tracts, TO manufacture and sell lum-
Der, to acquire and operate saw and
planning mills, to contract general
saw mill and planning business, to
construct and own tram logging
roads and equipment, dry kilns, and
to do all things necessary III the saw
and planning mill business: and to
conduct a general merchandise bus
mess, buying and selling merchan-
disc, and to buy, improve, sell and
lease real estate wherever situated,
to build houses in Shreveport and at
such other points as the directors
may see fit, and III general to do any
and all things and conduct all man
fler Of business. necessary or Incl
dental to the carrying out the OBJ
leets above set forth.
ARTICLE III.
The capital stock of said corpora
ton shall be fifteen thousand dol
lars Jsi5,00o001, divided into and
represented by one hundred and fif-
ty li50} shares Of one hundred dol
lars $4,000 each, which said stock
shall be paid for in cash or its
equivalent at the time of subscrip-
ton, or the same may be issued at
not less than par, III payment or ex-
change for property or rights ac-
tually received or purchased by said
corporation, or the same may be is
!. sued full paid for money advanced,
and for other valuable consideration
I'D service, as the board of directors
may determine, provided that no
stock shall be issued until the con-
= sideration therefor has been received
by said corporation. Any stockhold-
err may sell, assign or transfer his
stock in this corporation provided
thirty 800 days prior notice of such
intention be given the company, and
the stockholders thereof shall have
the first privilege OF purchasing
same, after which thirty 1901 days
notice the stock may be sold in open
market. The stock of said corpora
ton may be transferred under above
conditions, provided such transfer
thereof may be made on the books
&c the company at its Office IN
Shreveport, Louisiana, and on sur
render of the certificate thereof. NO
transfer of any fractional part OF a
share shall be made. This corpora
ton shall commence business as
soon as FIVE thousand s5.00000) dol
lars Of its capital stock shall be sub
scribed for and paid in. The board
Of directors shall have the right to
determine how much stock shall be
issued
ARTICLE ~.
The corporate powers Of this COM
panv shall be vested in and exercised
BY d board Of directors conslstlns o.
The president, who shall be CHAR
man thereof: the vice president and
secretary treasnrer. Two OF sald
board shall constitute a quorum, and
their decisions shall be corporate
acts. The following persons shall
constitute the first board OF direc-
tors N. O. Briee, II. A. Grain and
ii. ID. swindle, with W. 9. Briee q
president and treasurer H. A. Cram
as vice president, and p. ID sWladls
Ill secretary. No person shall be chg
ibIe as a director or officer VINO =
rot a stakeholder. Said board OF Ill