The Caucasian., 1912-04-14

ana the nillllbCt tl SlidIt9' h'lb bS
leach of the subscribers hereto are
given in the handwriting of each
at the end Of this act and the same
shall serve as 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
IThounsand ($iOO,OOOJ Dollars Of its
capital stock shall have been sub
Iscribed and paid for in lawful mon
ey of the United States.
ARTICLE ".
All of the corporate powers of
this corporation shall be vested in
a board Of directors, all Of whom
shall be citizens of the United States
land the majority thereof citizens of
the State of Louisiana. The said
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
'cessary to form a quorum is hereby
fixed at one-third Of the entire
board. The first board of directors
shall consist of the following per-
sons: Henry Florsheim, w. T. CraW-
ford, w. S. Penick, J. G.. Simon, VIM.
Winter, James S. Noel. J. II. Jordan,
w. f. Dillon, S. ]. Harman, Mrs.
Walter B. Jacobs, Andrew Querbes,
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
Ition shall be elected by the stock
holders annually on the second
Tuesday of the month of January
each 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
regularly issued in the Parish of
Caddo, for not less than ten days
prior to such election. At all such
elections each stockholder shall be
entitled to one vote for each share
Of stock standing in his name on the
books of the corporation, to be cast
in person or by written proxy. A
majority of the shares so voted shall
elect.
Any vacancy on the board of di-
rectors occurring by death, resigna-
ton or otherwise, shall be filled by
election for the remainder of the
term so vacated, by the remaining
directors. Any failure to elect direc-
tors annually shall not dissolve the
corporation, but the directors then
in office shall hold over and con-
tinue to serve as directors until
their successors shall have been du-
ly elected and qualified.
The board of directors named
herein shall elect a president, one
or more vice presidents "a cashier
and such other officers and employ
es as they may deem necessary.
Each succeeding board of direct
ors 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 boara
lis not in session and subject to any
requirements which the board ma,
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 we'll 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 a
vote of two-thirds of the capital
stock Of the corporation at stock
holders meeting held for that pur-
pose after thirty days previous ne
tiee by publication in daily news
paper published in the City OF.
Shreveport, and by written notice
duly addressed and mailed or deliv-
cred to every stocKholder, of record
al. his last known address.
This corporation may be dissolv-
ed at a vote of three-fourths of the
stock present or represented at a
general meeting of the stockholders
convened for that purpose by order