The Caucasian., 1912-07-04

thOriZed to commence business as
soon as fifty thousand (S50,OO00O)
dollars of its capital stock shall
have been subscribed for and paid
in cash or its equivalent.
ARTICLE ~.
The corporate powers of this cor
poration shall be vested in and ex-
ercised by board of ten directors,
six of whom shall constitute a quo
rum for the transaction of business,
and their acts shall be valid and cor
pofate acts, and all of the directors
shall be stockholders of the COM
pany. The board of directors shall
be vested with power and authority
to make all contracts, purchases,
leases, sales, etc., in the prosecution
of the business of the company, and
to adopt a code of bylaws, rules
and regulations for the management
of the business and affairs of the
company, and may alter, amend and
change the same at pleasure. The
board of directors shall elect the Of
ficers of this corporation, and ap-
point, hire and discharge all Off
cials, agents and employees, fix their
compensation, and generally do and
perform all things and acts neces-
sary in the prosecution of the en-
terprises of the company. Vacancies
occurring in the board of directors
by death, resignation or otherwise,
shall be filled for the unexpired
time by the remaining directors.
The same person may be secretary
and treasurer. The first board of
directors of this corporation shall
be composed of J. B. Aswell, S. A.
Guy, Charles Hardesty, w. H. Wer
ner, N. G. Blanchard, J. T. Ferguson,
w. X. Henderson, L. M. Howard, C.
w. Page and C. L. Campbell. The
officers of this corporation shall be
as follows: J. B. Aswell, president;
w. X. Henderson, first vice presi
dent; C. L. Campbell, second vice
president; L. M. Howard, treasurer; ;
and C. w. Page, secretary. This
board of directors and the officers
shall remain in office until the first
Monday in June 1913, or until their
successors shall have been elected
and qualified. On the first Monday
in June and annually thereafter, an
election of directors shall be held
at the office of the company in
Shreveport, Louisiana, notice of
| which meeting shall be given in any
| one of the newspapers published in
the City of Shreveport for ten QO
days prior to the date Of the meet
ing. Should for any cause this
meeting not be called or advertised
at the time mentioned, then it may
be called and advertised for later
date, and meeting held at such
later date shall have the same eff
ficacy and force as though held on
the first Monday in June. At all
stockholders meetings each share OF
stock shall be entitled to one vote
either in person or by proxy in writ
ing. The term of office of no Off
cial, agent or employe shall extend
beyond the term of office of the
| board of directors which elected
crosse or appointed him. If no tern
| be fixed during which an official ol
employe is to hold office, then his
tenure of the place shall be at the
discretion of the board of directors
/ ARTICLE V.
i This act of incorporation may bt
amended, or the corporation itsel
dissolved, by and through the as
n sent and action of three -fourths O
the stock present or represented a
any general meeting OF the stock
holders convened for that purpos
after thirty days prior notice o
!, such meeting shall have been give1
by publication in one of the dali
n newspapers published in the city o
! Shreveport, Louisiana, by five in
r sertions during said period OF thlrt
i days. Should changes be contem
!: plated in reference to the capita
q stock, besides the thirty days motto
4 as above, ten days written notice b
mail or otherwise to each stoel
Q holder shall be given. This ten day
!, written notice may be given durin
IS the time the thirty days publishe
d notice is running.
Il ARTICLE VII.
Il Whenever this corporation is di
l. solved, either by limitation OF i
ei charter, or from any other cause, i
i affairs shall be liquidated by thr'
d commissioners chosen by the stoel
r holders at meeting Of the stoel
,fl holders convened for that purpo'
IS after thirty days prior notice sha
d, nave been given by publication IN
al newspaper as hereinbefOre set for