The Caucasian. (Shreveport, La.) 1900-192?, 1912-08-15

|
TOR less than par, and for cash OF
property rights satisfactory to thu
board Of directors.
ARTICLE ".
The corporate powers OF this cor
pOratiOn shall be vested i'll and eX
trcispd by board Of seven direC.
tors -four of whom shall constitute
a quorum for the transaction OF
business, and all of the directors
shall be stockholders Of this com
pany. The board Of directors shall
be vested with power and authority
to make all contracts, purchases
leases, sales, etc. i'll The prosecution
of the business of the company, and
| to adopt a 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
iicers of this corporation, and ap-
| point, hire and discharge all Otfi-
cials, 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 uneXplred
time by the remaining directors.
The same person may be secretary
and treasurer. The first board of dl-
rpctors of this corporation shall be
composed of +. R. RatCliff, +. W.
plumb. r. 7. Layne, r. II. DAVIS,
Yates Holmes. H. R. RatcIitf, W. A.
Mabry. The officers of this corpora
ton shall be as follows: E. r. Rat
cliff, president; f. w. Plumb, wee
president; R. T. Layne, secretary;
R H. Davis, treasurer. TINS board OF
directors and the officers shall re
main in office until the first Mon
dav in September 1913, or until their
successors shall have been elected
and qualified. On the first MONDAY
in September and annually there
after, an election of directors small
be held in the office of the company
in Shreveport, La, notice OF when
meeting shall be given III any one
of the newspapers published IN the
City of Shreveport, for ten (io) days
prior to the date of the meeting.
Should for any cause this meeting
not be called or advertised at the
time mentioned, then it may be
called and advertised for later
date, and a meeting held at such
later date shall have the same e1fl-
cienc yand force as though held on
the first Monday in September. AT
all stockholders meetings each share
of stock shall be entitled to one
vote either in person or by proxy IN
writing. The term of office OF no OIL
fetal, agent or employe shall extend
beyond the term Of office OF the
board of directors which elected 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
dissolved, by and through the assent
and action of three -fourths OF the
stock present or represented at any
general meeting of the stockholders
convened for this purpose after
thirty days prior notice OF such
meeting have been given by publ
cation in one of the daily neWspa-
pers published in the City OF
Shreveport, La, by five insertions
during said period of thirty days.
Should changes be contemplated in
reference to the capital stock, be-
sides 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 thirty days published notice is
running.
ARTICLE VI.
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
stockholders at meeting of the
stockholders convened for that pur-
pose after thirty days notice shall
have been given by publication in
a newspaper as hereinbefore set
forth for meetings called to amend
this charter, or to dissolve the cor
| poration. The commissioners thus
| chosen shall remain in office until
the affairs of the corporation shall
| have been liquidated. In case of