The Caucasian. (Shreveport, La.) 1900-192?, 1912-05-02

ton. The names, places of residence
and the number of shares, held by
each of the subscribers hereto are
given in the handwriting of each
at the end of this act and the same
shall serve as the original list OF
subscriptions to the capital stock of
this corporation. This corporation
shall be authorized to open it's doors
for business whenever One Hundred
Thounsand (SiOO,OOO) Dollars of its
capital stock shall have been sub
scribed and paid for in lawful mon
ey of the United States.
ARTICLE w.
All of the corporate powers OF
this corporation shall be vested in
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-
sons: Henry Florsheim, w. T. Craw-
ford, w. S. Penick, J. C. Simon, VIM.
Winter, James S. Noel, J. H. Jordan,
wv. F. Dillon, S. ]. Hartman, Mrs.
Walter B. Jacobs, Andrew Queries,
VIM. J. Bayersdorffer, all of whom
shall hold office as such until their
successors are elected and qualifi-
ed.
The members of all subsequent
boards of directors of this corpora
Ition 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 the supervision of three COM
missioners to be appointer by the
board of directors for that purpose.
| Notice of such election shall be
lgiven by publication in newspaper
Regularly issued in the Parish of
Caddo, for not less than ten days
prior to such election. At all such
ELECTIONS each stakeholder shall be
Ientitled to one vote for each share
of stock standing in his name on the
books Of the corporation, to be east
lin person or by written proxy. A
; majority of the shares so voted shall
Ielect. -..
Any vacancy on the board of di-
rectors occurring by death, resigna-
ltion or otherwise, shall be filled by
ELECTION for the remainder of the
term so vacated, by the remaining
directors. Any failure to elect direc-
tors annually shall not dissolve the
Incorporation, but the directors then
in office shall hold over and con-
itinue to serve as directors until
their successors shall have been du-
lily elected and qualified.
The board of directors nance
: herein shall elect a president, one
or more vice presidents "a cashier
| and such other officers and employ.
. les as they may deem necessary.
Each succeeding board of direct
lors shall do the same Immediately
after having qualified as SUCH The
4 board Of directors also is empower.
g led to appoint from its members such
= COMMITTEES as it may deem proper
Q and vest same with any of its pow
!. lers to be exercised when the boarc
is not in session and subject to any
Q Requirements which the board ma,
prescribe. All of the officers, EN-
J: lployes and committees shall holt
':loffice at the pleasure of the board Of
u ldirectors. ..
The board of directors may max,
J land establish, as Well ais alter ant
y amend, any and all bylaws, rules
q and regulations necessary to TIL
Iproper conduct of the business at
fairs of this corporation.
u ARTICLE V.
It This act of incorporation may b
D ALTERED, amended, or changed by
"a vote of two-thirds of the capita
u stock of the corporation at a stock
/ holders meeting held for that pull
lpose after thirty days previous nc
u tice by publication in daily news
n paper published in the City G
u Shreveport, and by written motto
IN duly addressed and mailed or deli,
r cred to every stakeholder, of recor
IS lat his last known address.
e. This corporation may be dissol,
o. led at a vote Of three-fourths of tn
OF stock present or represented at
ls general meeting of the stakeholder