The Caucasian., 1912-01-14

be held OH the next legal day there
after. Notice of such election shall
be given by at least ten (t0) days
continuous publication immediately
preceding each election III one OF
the daily newspapers of Shreveport,
Louisiana: and the board of dIrec-
tors shall appoint one or more
stockholders to preside at such cleo
ton as commissioners, In the event
of the failure of any commissioner
or commissioners to attend, the
president shall, by appointment, I'LL
the vacancy. Any failure from any
cause whatever to elect directors
the day named for that purpose
shall not dissolve the corporation;
but the directors then in office, as
well as the officers of said company,
shall hold over until their success
Ors are chosen. In such event the
president shall cause another cleo
ton to be held within thirty days,
and shall give notice as hereinabOve
provided. At every election and
meeting each stoCkholder shall be
entitled to vote for each share of
stock registered in his name, and
may vote by proxy. The election of
directors shall be by ballot, and the
majority in amount of votes cast,
each share of stock voted upon to
be counted for one vote, shall elect
the person or persons for whom
they have been cast. After election
the board of directors shall elect
from their own number the officers
Of said company.
ARTICLE v.
The board of directors shall have
full power to fill vacancies in their
number, caused by death, resigna-
ton or otherwise, from among the
stockholders Of the corporation.
The said board shall have full con-
troll of the property Of this company
and shall so conduct, manage and
use the same as i'll their discretion
they deem fit, and that is consistent
with the objects Of this company or
the welfare Of the same. The said
board is further authorized to frame
and adopt such bylaws, rules and
regulations as the affairs and bust
ness of the corporation may require,
and as it may deem necessary for
the conducting and management
thereof; provided, the same shall
not conflict with this charter or
with the laws of the State or of the
United States. The said board shall
elect or appoint secretary and
such other officers, agents, employees,
servants and clerks as it may deem
necessary for the conducting of the
business of the corporation, fix their
term =nf service. with
the. right to dismiss them al said
boards pleasure; and said board
shall have The right to flx and de-
terinine the salaries Of the several
officers herein provided for.
ARTICLE VI.
This charter may be changed,
or amended, the capital
stock increased or decreased, or this
corporation may be dissolved at a
general meeting Of the stockholders
convened for the purpose, with the
assent of three-fourths of the en-
tire capital stock, whether present
or represented at such meeting.
Ten days prior notice Of such meet |
ing shall be given in any newspaper
published in the city of Shreveport. !,
In case of dissolution or termination
Of this corporation, either by limita-
lion of its charter or from any
cause, the liquidation of its affairs
shall be conducted by three COM
selected from the stock
holders, with like assent, and at q
called for that purpose, as
above set forth in this article. Said
shall remain in Office
until the affairs of said corporation
shall have been fully liGuidated. In
rase of the death of one or more OF
said commissioners the survivors or
survivor shall continue to act.
ARTICLE VII.
No stockholder Of this corporation
shall ever be held liable or respon-
sibl.. for the contracts or faults
therecI in any further sum than the
unpaid balance due the, company on
the shares of. stock subscribed for
or owned by him; nor shall any in
formality in organization have the
effect of rendering this charter null,
or of exposing stockholder to any
beyond the unpaid balance,
II any, Of his stocks.
This done and passed at my no.
furial offipa IN naepmhpp ~ 1912 |