The Caucasian., 1912-04-16

|
leach of the subscribers hereto are
given in the handwriting of eaci,
at the end of this act and the same
shall serve a5 the original list OF
subscriptions to the capital stock OF
this corporation. This corporation
shall be authorized to open its doors
for business whenever One Hundred
Thounsand 100000 Dollars of its
capital stock shall have been sub
scribed and paid for in lawful moe
ley, of the United States.
ARTICLE ".
All of the corporate powers Nf
this corporation shall be vested in
board of directors, all of whors
shall be citizens of the United States
| and the majority thereof citizens Oe
the State OF Louisiana. The sasd
board shall be composed of not less
than five nor more than fifteen
stockholders to be elected as herein
after provided for. The number ne
lcessary to form a quorum is hereby
fixed at One-third of the entire
,Oard. The first board of directors
shall consist of the following per-
sons: Henry FlOrsheim, w. L. CraW-
ford, w. S. Penick, J. C. Simon, VIM
Winter, James S. Noel, J. H. Jordan
w. F. Dillon, S. J. Harman, Mrs.
Walter b. Jacobs, Andrew Ouerbes
VIM. J. Bayersdorffer, all of whom
shall hold office as such until their
successors are elected and qualifi
ed.
The members of all subsequent
boards of directors of this corpora
ton shall be elected by the stock
holders annually on the second
Tuesday of the month of January
'ach year. All such elections shall.
be by ballot and conducted at the
principal office of this corporation,
under the supervision of three com
missioners to be appOinter by the
board of directors for that purpose.
Notice of such election shall be
given by publication in a newspaper
egularly issued in the Parish OF
iaddO, for not less than ten days
)rior to such election. At all such
lections each stakeholder shall be
entitled to one vote for each share
If stock standing in his name on the
BOOKS of the corporation, to be cas-,
in person or by written proxy. \
majority of the shares so voted shall
|elect.
Any vacancy on the board of di
ectOrs occurring by death, rtsigna-
ion or otherwise, shall be filled by
election for the remainder of the
term so vacated, by the remaining
directors. Any failure to elect direc-
ors annually shall not dissolve the
corporation, but the directors then
n office shall hold over and con
inua to serve as directors until
heir successors shall have been du-
ly elected and qualified
The board of directors nameo
herein shall elect a president, one
IT more vice presidents a cashier
md such other officers and employ
es as they may deem necessary.
Each succeeding board of direct
DPS shall do the same Immediately
after having qualified as such. The
BOARD of directors also is empower
ed to appoint from its members such
committees as it may deem proper,
and vest same with any of its pow
ers to be exercised when the boaru
IS not in session and subject to any
requirements which the board may
prescribe. All of the officers, EN-
ployes and committees shall hold
office at the pleasure of the board OF
directors.
| The board of directors may make
and establish, as Well as alter and
amend, any and all bylaws, rules,
and regulations necessary to tn,
proper conduct of the business af-
fairs of this corporation.
ARTICLE V.
| This act of incorporation may be
altered, amended, or changed by q
vote of two-thirds of the capital
stock of the corporation at stock
holders meeting held for that pur-
Ipose after thirty days previous No
ice by publication in daily news
paper published in the City o.
shreveport, and by written notice
Iiuly addressed and mailed or deliv
lered to every stockholder, of recorc
at his last known address.
| This corporation may be dissolv
led at a vote of three-fourths of thu
Istock present or represented at ;
general meeting of the stockholder
convened for that purpose by ordeI
Ief the board of directors on its owl
IN of Tho poc,,nct n