The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-30

Zach shase &c stock shah draw
is pre- rata OF the net profits o. Ihs
business Of tbe corporation accord
ing - the snoSnt paid ca saic
share; crowded No share shall b.
tentitlea to participate in such divi
dsnds unless al least % per eentun
Of the amount Of such snare shal
have been eaid; and provided lor
Their that oil dividends sccruing on
shares not fully peid shan be eyed
|ited 60 said shares until che par
value e sane shalt have beea psie
iR fula.
Shares shall Be transferred end
tuplsste ceEtiflcates issued as may
be pro< sGtea BY the bylaws Of this
corporation. OR jury 1, 1919, esd
semi annually thereafter. Che eoagd
Of directors shan ascertain the BET
learRings 81 che corporation and
! after deductins che expenses for the
\ sig snonths shaN declare sach divi-
bends, Is profits - Che Treasury
shah warrant; leaving sucA amount
fOG summing expenses and % be
passes 10 the surDius account 40 the
board Of directors in their discre-
tioB Has aee@ aecessar9 and
IpropeG.
"Be u further resolved, that Art
licie y Of the said act Of incOrDOra-
tics ar charter Of this corporation
be amended so as TO read as follows:
The corporate powers OF this
desperation shall be vested in and
exercised by board of directors to
consist of five stockholders, three
Of whom shall constitute quorum,
each Of whom shall own, at the time
of his election, not less than fifty
shares of the capital stock OF this
corporation, as shall appear by tn"
books of the corporation, which
board of directors shall be elected
on the first day of July 1912, and an
nually thereafter. Notice of such
election shall be given ten days pre-
vious to such election by publica
ton in a daily newspaper published
in the city of Shreveport, La. Such
election shall be made by the stock
holders of the corporation by bal
lot, each share of stock be,ng en-
titled to one vote, and NAV be- in
person or by proxy. The election
shall be conducted by three stock
holders, who shall not at the time
of their selection be can !idates for
any office under this corpC ration,
and who shall have been appointed
b. :he board of directors f." th.t
purpose at the last meeting prer.d
NC said election. Failure 3. hold
surh election On the day specified
shall not have the effect Of disssolv-
ing this corporation, but the direc-
tors then in office shall continue in
office until an election shall have
been held after ten days notice by
publication as aforesaid.
The board of directors shall elect
from their own number president,
vice president and a secretary.
They shall also appoint and elect
such other officers and employees as
may be necessary and proper. The
board of directors shall fix the sal
aries of all officers and employees OF
the corporation. The officers and
employees shall hold office during
the pleasure of the board of diree-
tors.
'The board of directors shall have
power to fill any and all vacancies
which may occur in their own mum
Der either by reason of death, resig
nation or otherwise, which vacan-
'cies shall be filled by the election
by the board of a stakeholder hav-
ing the qualifications to become a
director.
1.-The board of directors shall have
power to enact such bylaws, rules
and regulations, not inconsistent
with law or the charter Of the cor
poration as they may deem proper"
The said Henry A. Bauman de-
clared that the above copy of the
resolution is true and correct ex-
tract from the minutes of the cor
poration, and is correct in each and
every particular.
In testimony whereof he has here
unto subscribed his. name, in the
presence of II. A. Petermaa Jr., and
A. A. Herold, competent witnesses,
and me, notary, after due reading
of the whole.
H. A. BAUMAN,
Secretary.
H. A. PETERMAN JR.
A. A. HEROLD.
E. BARNETT,
Notary Public.
State of Louisiana, Parish of Cad
do. Having ayaminpd the above and