The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-16

| Each share of stock shall draw
its pro rata of the net profits of the
| business Of the corporation accord
ing to the amount paid on said
| share; provided no share shall be
entitled to participate in such diVi-
dends unless at least % per centum
of the amount of such share shall
have been paid: and provided fur
Their that all dividends accruing on
| shares not fully paid shall be cred
| tied to said shares until the par
value of same shall have been paid
in full.
| Shares shall be transferred and
| duplicate certificates issued as may
be prov idcd by the bylaws of this
corporation. On July 1, 1912, and
semi-annuaIly thereafter, the board
of directors shall ascertain the net
earnings o the corporation and
| after deducting the expenses for the
six months shall declare such divi-
dends, as profits, as the treasury
shall warrant; leaving such amount
for running expenses and to be
passed to the surplus account as the
board of directors in their dlscre-
ton may deem necessary and
proper.
"Be it further resolved, that Art
iclt V Of the said act OF incOrpOra
ton or charter of this corporation
be amended so as to read as follows:
"The corporate powers OF this
corporation shall be vested in and
exercised by a board of directors to
consist of five stockholders, three
of whom shall constitute a 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 the
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 bang en-
titled to one vote, and may Dr in
person or by proxy. The election
shall be conducted by three stock
holders, who shall moi Ct the time
of their selection be can li,laies for.
any office under this rOrpC ration,
and who shall have been appointed
By he board of directors 70" Iii It
purpose at the last meeting prerrd-
ng said election. Failure =; hold
such 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 a 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 direc
tors.
1.-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 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-
elared that the above copy OF the
resolution is a true and correct ex-
tract from the minutes of the cor
poration, and is correct in each and
fevery particular.
In testimony whereof he has here
unto subscribed his name, in the
presence of H. A. Peterman Jr., and
i. A. Herold, competent witnesses,
and me, notary, after due reading
of the whole.
II. A. BAUMAN,
| Secretary.
| Fl. A. PETERMAN JR.
| A. A. HEROLD.
| ....... E. BARNETT,
1 MI