The Caucasian. (Shreveport, La.) 1900-192?, 1912-08-06


its pro rata of the net profits of tn
business of the corporation accord
ing to tn amount paid on sale
share: provided no share shall b
entitled to participate in such divi
dends unless at least rs per centun
of the amount of such share shall
have been paid; and provided fur
ther that all dividends accruing or
shares not fully paid shall be cred
tied to said shares until the pal
value of same shall have been pait
in full.
Shares shall be transferred anC
duplicate certificates issued as may
be provided by the bylaws Of thi:
corporation. On July /, 1912, ant
semi annually thereafter, the boarC
of directors shall ascertain the net
earnings o f the corporation anC
after deducting the expenses for tn,
six months shall declare such divi
dends, as profits, as the treasury
shall warrant; leaving such amount
for running expenses and to be
passed to the surplus account as the
board Of directors in their discre-
ton may deem necessary and
proper
BE it further resolved, that Art
icle V of the said act of incorpOra
ton or charter of this corporation
be amended so as to read as follows
The corporate powers of this
shall be vested in and
exercised by board of directors to
consist of five stockholders, three
of whom shall constitute quorum,
each of whom shall own, at the time
of his election, not less than fifty
shares of the capital stock Of this
corporation, as shall appear by tn"
books of the corporation, which
board of directors shall be elected
on the first day of July 1912, and an
nuaIly thereafter. Notice of SUCH
election shall be given ten days pre-
vious to such election by publica
ton in a daily newspaper published
in the city of Shreveport, La. Such
election shall be made by the stock.
holders of the corporation by bal
lot, each share of stock bang en-
titled to one vote, and may b' in
person or by proxy. The election
shall be conducted by three stock
holders, who shall not ct the time
of their selection be can tiuaies fer
any office under this corpC ration,
and who shall have been appointed
By he board of directors fo" III It
purpose at the last meeting prerrd
ne said election. Failure +, hold
such election on the day specified
shall not have the effect of disssolV-
ing this corporation, but the direc-
tors then in office shall continue in
office until an election shall have
been held after ten days notice by
publication as aforesaid.
The board of directors shall elect
from their own number president,
vice president and a secretary.
They shall also appoint and elect
such other officers and employees as
may be necessary and proper. The
board of directors shall fix the sal
aries of all officers and employees OF
the corporation. The officers and
employees shall hold office during
the pleasure of the board of direc-
tors.
1.-The board of directors shall have
power to fill any and all vacancies
which may occur in their own mum
Der either by reason of death, resig-
nation or otherwise, which vacan-
cies shall be filled by the election
by the board of a stakeholder hav-
ing the qualifications to become a
director.
The board of directors shall have
power to enact such bylaws, rules
and regulations, not inconsistent
with law or the charter Of the cor
poration as they may deem proper.
The said Henry A. Bauman de-
clared that the above copy Of the
resolution is true and correct ex-
tract from the minutes Of the cor
poration, and is correct in each and
every particular.
In testimony whereof he has here
unto subscribed his name, in the
presence of II. A. Peterman Jr., and
A. A. Herold, competent Witnesses
and me, notary, after due reading
of the whole.
II. A. BAUMAN,
Secretary
H. A. PETERMAN JR.
A. A. HEROLD.
E. BARNETT,
Notary Public
i