The Caucasian., 1912-03-31

Five hundred Thousand \S0OU,OUOj
Dollars, divided into and represented
~ Five Thousand 5000 shares oi
stock of the par value o1 one huli-
ap'ed lsIRJ lSllsrs each. o.
The subscribed capital stock OF
tAis colporation shaIl be pa'd 'or' Oh
call of the directors, at the price o'
aNle nundret dollars per share III
cash. We capital stock OF TN" cor
aoraion snd toe number OF shares
thereof, msy he increased or De
ere sseA e. accordance with the pro-
Visions OF To- laws OF the State OF
ILouisiana. shares Of stock On th'S
eorporsida shall De represented bH
certiiicatee Of stOck signed by the
president and cashier, and sealed
with the seal OF the corporation. In
the absence OF the president they
shall be sisaet by the vice president
who i. acting as president and IN
the absence OF the cashier they sfiall
D. sisneN BY Inc assistant cashler
IOr other persons acting as such'
Transfers OF stock shall be made
only on eAe books Of the corp0fatloh'
bS stOcckholArrs in person or hN
eritten proxy, under such rules ana
iresuI,tioNs KS its board q 1lrec!ur.:
mag prescribe.
No stockhold<r OF this corporation
ever 1Aall Ev held liable or r@spon-
sale for sny OF its debts, contracts
or obligation. nor SHALL any inform
ality in its organization have an
effect ot exposing any stOckholser
of Nis corporation, to any LIABILITY
Neyoa1 To- uspaif balance WhRh
msv be due on his stock subscrlp-
zion. TAe names, places of resloence
anN tAe number of shares, held by
each % the subscribers hAreto are
given in tAe handwriting OF eacf,
st DE- eNd of shis act and the same
shall serve As else original list OF
Subscriptions to the capital stock OF
this coItO"2tion. This corporation
shall I.e authorized to open its doors
for business whenever One hundred
ehounsand 100000 Dollars Of its
capital stock shall have been sub
scrib.d and paid for in lawful mon
cy OF HE United States.
! ARTICLE ~.
I All of the corporate powers OF
this corporation shall be vested III
a board OF directors, all of WHOM
shall be citizens Of the United States
and the majority thereof citizens of
the State OF Louisiana. The said
board shall be composed of not less
than five nor more than fifteen
stockholders to be elected as herein
after provided for. The number ne
cessary to form quorum is hereby
fixed at One-third of the entire
board. The first board of directors
shall consist of the following per-
cons: Henry. FlOrsheim, w. 7. Craw-
ford, w. S. Penick, J. c.. Simon, VIM
Winter, James S. Noel, ]. H. Jordan.
w. F. Dillon, S. J. Harman, Mrs.
Walter 3. Jacobs, Andrew Querbes,
VIM. ]. Bayersdorffer, all of whom
shall hold office as such until their
Successors are elected and dualifi-
ed.
Yhe members of all subsequent
boards of directors of this corpora
ton shall be elected by the stock
holders annually on the second
Tuesday of the month of January
each year. All such elections shall
be by ballot and conducted at the
principal office of this corporation,
under Che supervision of three com
missiOners to be appointer by the
board of directors for that purpose.
Notice of such election shall be
given by publication in a newspaper
regularly issued in the Parish of
CaddO, for not less than ten days
prior to such election. At all such
electiOns each stOckhOlder shall be
entitled to one vote for each share
Of stock standing in his name on the
books Of the corporation, to be cas-,
in person or by written proxy. \
majority of the shares so voted shall
Iclect.
Any vacancy on the board of di-
reclors occurring by death, resigna-
ton or otherwise, shall be filled by
election for The remainder Of the
term so vasatcS by the remaining
directors. Any failure to elect direc-
tors annually shall not dissolve the
corporation, but the directors then
in office shall hold over and con
tlnuA TO serve as directors until
their successors snail have been dI-
ly elected and qualified.
The board Of directors nameo
herein shall elect president, one
IOr more SIcn DrpS SlpntS q p1S iar