The Caucasian. (Shreveport, La.) 1900-192?, 1912-06-30

of the par value OF ten dollars each.
and it Shall commence business and
become a going concern whenever
five thousand dollars Of its capital
stock is subscribed ami raid for in
full. Capital stock may b" paid for
in cash, labor or property, at a val
uatiuu to b. fixed by the board of
directors. ami when i>>urd shall be
fuII% paid and non -HS>r>saD.r.
ARTICLE ". II
The affairs of this corporation
small be managed and conducted by
a board of directors consisting of
live Stockholders to be elected at
general Stockholders meeting 0r1ehe
first Monday of June of each year,
who shall held their offices for one
year, or until their successors are
elected and Installed, and any va
cancy occurring i'll said board of di-
rectOrs shall BE- filled by an election
by the board OF directors Of a stock
holder for the WneXpirrd term. Until
the election on the first Monday in
June 1913, the following shall con-
stitute the board of directors Of this
corporations: \. :. Reis0r 81, who
shall be president; {. q. Mccarthy,
who shall be Vice president: and A.
5. ReisOr Jr., who shall be secretary
and treasurer, and Nj. W. ReisOr and
L. E. Walker. The board Of directors
shall have the right to make and
adopt all needful rules, regulations
or bylaws, and the same to alter at
pleasure, and to employ or dis
charge all managers, superintend-
ents, clerks or other employees as
may be needful in the management
of the affairs of said corporation.
ARTICLE v
This charter may be amended, al
tered or abolished at the vote of
threefOurths of the capital stock
thereof at a meeting held for that
purpose at ten days notice addressed
to each stakeholder through thd
United States mails, except when
otherwise specially provided by the
laws of the State of Louisiana, pro-
vided that the stockholders may by
unanimous consent waive notice of
any meeting. At all stockholders
meetings each share of stock shall
be entitled to one vote to be cast BY
IT'S owner in person or by proxy.
ARTICLE VI.
This corporation shall have power
to contract, sue and be sued in it'd
corporate name; to make and usa
corporate seal; to hold, receive
purchase and convey, to mortgage
hypOthecate and lease under its cor
pOrate name both real and personalE
property, and to execute, issue and
deliver mortgage notes, mortgage
bonds or other obligations secured
by mortgage an Especial hypotheca
ton OF its property, rents and reve-
nues, and in general to perform any
and all acts authorized by corpora
G i,ons "naef the laws of l'sst'' Of
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the con
tracts or faults of such corporation
in any further sum than the unpaid
balance due to the company on the
shares owned by him, nor shall any
mere informally in organization
have the effect of rendering this
charter null or of exposing stock |
holder to any liability beyond the
amount of his stock.
In testimony whereof the said
parties have hereunto signed their
names in the presence of me, no.
tary, and the attesting witnesses, on /
this the 18th day of June 1912.
A. S. REISOR SR.
< C. C. MCCARTHY.
per A. S. Reisor Jr.
A. S. REISOR JR.
M. w. REISOR.
L. e. WALKER.
Attest:
s. EfSMAN.
G. PROTHRO.
G. w. HARDY.
w. H. SCHEEN, /
Notary Public.
. Having examined the above and
foregoing charter, and finding moth