The Caucasian., 1912-07-02

dollars Of its capital stock shall
have been subscribed for and paiC
in cash or its equivalent.
ARTICLE ".
IN" corporate powers of this cor
| pOratlOn 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
pOrale 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, elc.. in the prosecution
OF the business of the company, and
to adopt 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
1Irers OF this corporation, and ap-
point, hire and discharge all Off
clals, 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, \. C. Blanchard, J. T. Ferguson.
W. X. Henderson. L. NJ. Howard, C.
w. Page and C. L. Campbell. The
officers of this corporation shall be
as follows: J. B. AsWell, president;
w. K. Henderson, first vice presi-
dent: c. L. Campbell, second vice
president: L. NJ. 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 (i0)
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 a later
date, and a meeting held at such
later dale 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,
crose or appointed him. If no term
be fixed during which an official or
employe is to hold office, then his
tenure of the place shall be at the
discretion of the board Of directors.
ARTICLE V.
This act of incorporation may be
amended, or the corporation itself
by and through the as
sent and action of three-fourths of
the stock present or represented at
any general meeting of the stock
holders convened for that purpose
after thirty days prior notice of
such meeting shall have been given
by publication in one Of the daily
newspapers published in the city OF
Shreveport, Louisiana, by five in
sertions during said period of thirty
days. Should changes be contem-
plated in reference to the capital
stock, besides the thirty days notice
as above, ten days written notice by
mail or otherwise to each stock
holder shall be given. This ten days
written notice may be given during
the time the thirty days published
notice is running.
ARTICLE VII.
Whenever this corporation IS dis
solved, either by limitation of its
charter, or from any other cause, its
affairs shall be liquidated by three
commissioners chosen by the stock
holders at meeting of the stock
he lders convened for that purpose
after thirty days prior notice shall
nave been given by publication in a
newspaper as hereinbefore set forth
for meetings called to amend this
charter, or to dissolve the corpora
ton. The commissioners thus cho-
sen shall remain in office until the
an L