The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-23

us pro rata VI tltt iltt ptoit'9 VI 'i''
business of the corporation accord
ing to the amount paid on said
share; provided no share shall be-
entitled to participate III such dlVl-
dends unless at least p per centum
of the amount of such shar" shall
have been paid; and provided fur
Their that all dividends aCCruing on
shares not fully paid shall be cred
tied to said shares until the par
value Of same shall have been paid
in full.
"SharpS shall be transferred and
duplicate certificates issued as may
be provided by the by laws of this
corporation. On July /, 1912, and
scmi-annually hereafter. tn" board
of directors shall ascertain the mel
earnings o f the corporation and
after dpducting the expenses for the
six months shall declare such dIVI-
dcnds. 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 dlscre-
ton may deem necessary and
proper.
BE it further resolved. that Art
icIe Y of the said act Of incOrpora
ton or charter of This corporation
be amended so as to read as follows:
"The corporate powers OF ms
corporation shall be vested in and
Exercised by a board Of directors to
consist of five stockholders, three
of whom shall constitute a quorum
each of whom shall own, at the tune
of his election, not less than fifty
shares Of the capital stock OF TINS
corporation. as shall appear by tn"
books of The corporation, winch
board of directors shall be elcct"i
on the first day of July 1912, and an
nually thereafter. Notice OF such
| election shall be given ten days pre-
vious TO such election by publlca-
ton in a daily newspaper published
in the city of Shreveport, La. such
election shall be made by the stock,
holders of the corporation ny bal
lot. each share of stock beng 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 at the time
of their selection be can tidates Ter
any office under this cope ration
and who shall have been appointed
lhy The board of directors fo" Iii It
purpose at the last meeting proceed
| ne said election. Failure =, hold
| such election on the day spccitl'd
shall not have the effect Of disssolN-
ing this corporation, but the dlrec-
| Tors then in office shall continue III
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
a vice president and 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 oil
the corporation. The officers anf
EMPLOYEES shall hold office during
the pleasure of the board Of direc
tors.
''The board of directors shall have
power to fill any and all vacancies
which may occur in their own mum
i Der either by reason OF death, resIg
nation or otherwise, which vacan
| cjes shall be filed by the election
bv the board of a stakeholder haV
| ing the qualifications to become
director.
1.-THE board of directors shall have
power to enact such bylaws, rules
| and regulations, not inconslsten
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 tn
resolution is a true and correct ex
tract from the minutes OF the cor
poration, and is correct in each an
every particular.
In testimony whereof he has here
unto subscribed his name, in tn
presence of II. A. Peterman Jr., an
A. A. Herold, competent witnesses
and me, notary, after due readin
of the whole.
II. A. BAUMAN,
i Secretar!
H. A. PETERMAN JR.
II A. A. HEROLD.
E. BARNETT,
: Notary Publl
= State of Louisiana, Parish OF Gao
T. do: Having examined the above an
Il foregoing amendments to the cha