The Caucasian. (Shreveport, La.) 1900-192?, 1912-05-07

land the number of shares. held by
leach of the subscribers hereto are
given in the handwriting Of earh
at the end of this act and tn" sam"
shall serve as the original list OF
; subscriptions to the capital stock ct
this corporation. This corporation
shall be authorized to open its doors
flor business whenever One Hundred
Thousand 100000 Dollars Of it,
capital stock shall have been sub
scribed and paid for in lawful mon
ley of the United States.
ARTICLE ".
!. | All of the corporate powers OF
this corporation shall be vested III
la board of directors, all Of whom
shall be citizens of the United States
land the majority thereof citizens o!
the State Of Louisiana. The said
hoard 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
liked at one third of the entire
hoard. The first board of directors
lshall consist of the following per
Isons: Henry Florsheim, w. T. CraW
ford, w. S. Penick, J. C. Simon, VIM.
Winter, James S. Noel, J. II. Jordan,
w. F. Dillon, S. J. Hartman, Mrs.
lWalter B. Jacobs, Andrew Queries.
IWm. J. Bayersdorffer, all of whom
Ishall hold office as such until their
successors are elected and qualifi
led.
The members of all subsequent
boards of directors of this corpora
ltiOn shall be elected by the stock
holders annually on the second
Thursday of the month of January
each year. All such elections Shall
be by ballot and conducted at the
jprincipal office of this corporation,
tunder the supervision of three com
missiOners to be appOinter by the
board of directors for that purpose.
Notice of such election shall be
lgiven 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
lelections each stakeholder shall be
lentitled to one vote for each share
of stock standing in his name on the
hooks of the corporation, to be cast
in person or by written proxy. y
majority of the shares so voted shall
elect. .
Any vacancy on the board Of di-
Irectors occurring by death, resigna-
ltfon or otherwise, shall be filled by
Z 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 namPu
herein shall elect a president, one
i 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
4 board of directors also is empower
e led to appoint from its members such
u committees as it may deem proper,
q and vest same with any of its pow
! lers to be exercised when the boarO
i is not in session and subject to any
o Requirements which the board may
prescribe. All of the officers, EN-
J; ployes and committees shall hole
}: Ioffioe at the pleasure of the board OF
81 ldirectors.
; The board of directors may make
J. and establish, as We'll as alter anC
II amend, any and all bylaws, rules
q and regulations necessary to tn,
proper conduct of the business af
fairs of this corporation.
Of ARTICLE V.
at This act of incorporation may b
D. altered, amended, or changed by
I'd vote of two-thirds of the capita
OF stock of the corporation at a stock
d holders meeting held for that pur
lpose after thirty days previous nt
OF tice by publication in daily news
On paper published in the City c
OF shreveport, and by written motto
III duly addressed and mailed OF deliN
r Tered to every stakeholder, Of recor
es lat his last known address,.
le- This corporation may be dissolN
O. ed at a vote of three-fourths of fh
OF stock present or represented at.
lis general meeting of the stockhOldel
by convened for that purpose by Ordt
l..