The Caucasian. (Shreveport, La.) 1900-192?, 1912-02-25
Fifty Thousand ts15o,ooo) Dollars OF

Fifty Thousand {$15o000) Dollars of
said stock is subscribed and paid for.
Said stock shall be paid for in cash.
ARTICLE V.
The corporate power of this corpora
ton shall be vested in a board Of di-
rectors of five stockholders, who shall
be elected on the first Monday in Janu-
| airy in each year, beginning with the
year of 1913, and annually thereafter.
to be Joseph J. Feneran, A. W. Grune
valid, A H. Fortmeyer, L. H. Pirkle
and S. l.. Dixon, who shall serve until
their successors are chosen and quail
fed The officers of this corporation
shall be president, vice president, sec
rotary treasurer, and general manager.
and the first of said officers is declared
to be, J. j. Feneran, president, A. H.
Fortmeyer, vice president and general
manager, A. w. Grunewald, secretary,
and L. H. PirlSle, treasurer, and they
shall serve until their successors are
chosen as herein provided for.
The majority of the stock shall elect
the directors, and in all elections or
meetings of stockholders, each share of
stock present or represented by written
proxy shall be entitled to one vote. No
tice of all elections or meetings of
stockholders shall be advertised ten
days in daily Shreveport paper. Di-
rectors shall be chosen at the office of
the company.
ARTICLE VI.
Failure to hold an election for direc-
tors on the day named shall not dissolve
the corporation; but the incumbent di-
; rectors shall hold over until their sue
cessors are duly elected and qualified.
Any vacancy in the board shall be filed
by the remaining directors. Tie board
of directors shall have the power to
contract debts, borrow and loan money
buy and lease property. and to do all
; things necessary to carry out the pur-
poses of the corporation.
ARTICLE VII.
No sale Of sock shall be valid or
binding on the corporation until the
/. same has been t ansferred on the books
, of the company; no transfer or sale of
istock shall be made by any stakeholder
} of this corporal :on without giving this
company ten days notice Of his inten
: tion to sell, giving the said corporation
the preference of buying same. Nc
I stakeholder shall be liable on any obi
cations Of this corporation in any fur
ther sum than the amount OF unpaid
balance of his stock. On failure of q
stockholder to pay for stock subscribed
!. it shall be optional to declare the de
linquent shares forfeited to the Gem
0 pany, or to sue the subscriber for ths
price due it. No stock shall be sold fol
less than par.
ARTICLE VIII.
: This corporation is authorized to in
crease its capital stock by two third:
vote of all the stockholders, at meet
ing held according to law; said origina
. stockholders shall have right to par
4 tticipate in said increased issue of stool
in proportion to holdings of origina
:, stakeholder, and in default thereof th'
9 stockholders shall have the right tt
:, purchase the stock before it is offeret
to third persons.
l. ARTICLE TX.
L This charter may be modified
!, changed or dissolved, or amended IL
J. any way Except to increase or decreas
:, its capital stock with the assent o
d three-fourths go of the stock repre-
!. sented at general meeting OF tn
L stockholders convened for this purpose
y after thirty days previous notice pub
5. lished in Shreveport newspaper
Whenever this corporation is dissolee
L by limitation or otherwise, its affair
is shall be liquidated by three commission
% ers elected at a stockholders meeting
who shall have full power to settle t
Indebtedness and to distribute the pc
,e eeeds among the stockholders.
i Thus done and passed at my office j
it Caddo Parish. Louisiana, in the pre-:
% sDce Of Rosa Rodfield and n.
): Ni,nnls. competent witnesses. on TIN
,e the 18th day Of October 1911.
y j. J. FINERAN-------l
.. A. w. GRUNEWALD- /
,e 4. H. FoRsTMEYER- i
* W. H. PERKINS 4
E. by A. H. Forstmeyer.
ss Sd. DICKSON
f by A. H. Forstmeyer
. L. H. PIRKLE------ i
CHARLES REED -----
ROBT. S. MANDELL--
al MORSE McCALfSTER-
JOHN i. PHILLIPS