The Caucasian. (Shreveport, La.) 1900-192?, 1911-09-24

the president, who shall be CHAIR
man thereof; the vice president and
secretary-treasurer. Two Of said
board shall constitute quorum, ard
their decisions shall be corporate
acts. The following persons shall
constitute the first board of direc-
tors: w. O. Brice, R. A. Grain and
d. ID. Swindle, with w. o. Brice as
president and treasurer; R. A. Grain
as vice president, and d. d. Swindle
as secretary No person shall be elig-
ible as a director or officer who is
rot stakeholder. Said board of di-
rectors shall continue in office until
the first Monday in September 1912,
on which date and thereafter an
Inually a board of directors and Of
ficers shall be elected, unless said
day shall be 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 of
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 we'll 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 provid-
ed. The election for directors shall
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 for
whom it is cast. After each election
the board of directors shall elect
from their own number the officers
OF the company.
ARTICLE V.
The board of directors shall have
full 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
Ierty 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
charter or with the laws of the
United States or State. The presi-
dent is 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, fix
their compensation, term of service,
with the right to dismiss them; he
shall submit the names of all per-
sons appointed by him and dismissed
by hint to the board of directors, and
said 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
ffcers herein provided for.
- ARTICLE VI.
This charter may be changed,
modified or amended, the capital
stock increased or decreased, or thie
corporation may be dissolved at 4
general meeting of the Stockholders
convened for that purpose, with the
assent of three-fourths of the entire
capital stock whether present or
represented at the meeting. Tan
days prior notice shall be given in
any newspaper published in this
city. In case of dissolution or ter
laination of this corporation. either
by limitation of its charter or .,th-
efwise, the liquidation Of its affairs
shall be conducted by three commits
sioners selected from the st lekhold-
ers with like assent, at "a meeting
called 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.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or respon-
sible for the contracts or faults
thereof in any further sum than the
unpaid balance due the company on
the above shares of stock subscribed
for or owned by him, nor shall any
informally in organization have the
effect of rendering this charter rull