The Caucasian. (Shreveport, La.) 1900-192?, 1912-02-18

Fifty Thousand ($i50,o0o) Dollars Of
said stock is subscribed and paid for.
Said stock Shall be paid fer 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 tn" first Monday in Jauu.
airy in each year. beginning with the
year Of 1913, and annually thereafter.
The first board Of directors is declared
To be Joseph J. Feneran. 4. ". Grune.
wald, A. II. Fortueyer, i. II. PirkIc
their successors are chosen and quail.
fed. The officers Of this corporation
shall be a president. vice president. see
and general manager.
and the first of said officers is declared
to be, J. }. Fencran, president, A. II.
F0rtmeyer, vice president and general
manager, A. W. Gruncwald, secretary,
and l.. II. PirkIe, 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
tire OF all elections or meetings OF
stockholders shall be advertised ten
days IN 4 daily Shreveport paper. Di
rectors shall be chosen Mt the Office Of
the company.
ARTICLE VI.
Failure to hold AN election for dirrc.
tors on the dav named shall not dissolyc
the corporation bnt the incu,ohep+ iii.
rectors shall hold over until their .ur.
cessors are duT elected and oualified
ANY vacancy in the hoard shall he illed
by the remaining directors Tie hoard
of directors shall have the power 70
contract debts. borrow and loon money
buy and lease rronertv and IN do al
things necesssrr TO carry ont the nur-
poses of the corDoratiou.
ARTICLE VII
- No sale Of stock shall be valid mr.
binding on the corporation until the
same has been transferred on the books
of the company: no transfer or sale Of
stock shall he made nv any e+ockbolaar
of this CORPORATION without givino this
company ten DAVIS notice of h;s ;nten-
ton to sell, giving the said eornoration
the preference of buying same M
stakeholder shall be liable on any obIi.
cations of this CORPORATION in anv fur.
Their sum than the amourt of npna;d
balance of his stock. On failure of a
stakeholder to nav for stock subscribed
it shall be optional to declare the de
linouent shares forfeited IN the eom-
pany, or to sue the subscriber for the
price due it. No stock shall be sold for
less than par.
ARTICLE VIII.
This corporation is authorized +. in.
crease it's CAPITAL stock by a two.tbirds
vote of all the stockholders. at a meet. |
ing held according TO law. said ORIGINAL
stock holders shall have right TO mar.
'icipate in said increased issue Of stock
in proportion to holdirms of oricina,
and in default thereof the
,toc kholders shall have the right to
purchase the stock before it is offered
% third persons
ARTICLE TX
This eharte. NAV be modified
or dissolved. or amended in
my way Except to increase or decrease
is capital stock) with the assent Of
shree-fourths GA of the stock repre-
,ented at general meeting of the
convened for this purpose
after thirty DAYS previous notice pub. a
ished in Shreveport newspa ners
Whenever this corporation is dissoIveI