The Caucasian., 1912-04-18

anu Illp HultlDti bl Sitdl''~. ItIt ny
each Of the subscribers hereto are
Civ en- in the handwriting of eaCh
lat the end of this act and the same
shall serve d5 the original list Ol
; subscriptions to III" capital stock OF
this corporation. This corporation
shall be authorized to open IT'S doors
for business whenever On" Hundred
ThounSand ($1OO,N0O Dollars OF it,
lcapital stock shall have been sub
scribed ard paid for in lawful mon
ley of the United States.
ARTICLE ".
Al! 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
and the majority thereof citizens of
the State of Louisiana. The saiG
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 quorum is hereby
fixed at ne-third of the entire
| BOARD. The first board Of directors
shall consist of the following per
sons: Henry FlOrsheim, w. Il. CraW-
ford, w. S. Penick. J. C.. Simon, VIM
Winter, James S. Noel, J. Ii. Jordan
| w. +. Dillon, s. J. Harman, Mrs.
Walter b. Jacobs, Andrew Ourrbes,
VIM. J. Baycrsdorffer, all of whom
| shall hold office as such until their
successors are elected and qualirl
cd
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
De by ballot and conducted at the
principal office Of this corporation,
under the supervision of three com.
missioners to be appoinlrr by the
BOARD of directors for that purpose.
Notice of such election shall be
given by publication in newspaper
regularly issued iu the Parish OF
iaddo, for not less than ten days
,rior to such election. At all such
lcctions each stOckhoIdcr shall be
Untitled to one vote for each share
If stock standing in his name on the
books OF the corporation, 10 be cas-,
in person or by written proxy. \
majority of the shares so voted shah
elect.
Any vacancy on the board of di-
'ectors occurring by death, r1signa-
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
inu1 to serve as directors until
heir successors snail have been du-
ly elected and qualified.
The board of directors nameu
lerein shall elect a president, one
)r more vice presidents "A cashier
md 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 lis pow
rs to be exercised when the bOaro
IS not in session and subject to any
requirements which the board may
prescribe. All of the officers, EN-
1loyes and committees shall hold
loffIce 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 by laws, rules,
and regulations necessary to tn,
proper conduct of the business af-
fairs of this corporation.
ARTICLE V.
This act of incorporation may br
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-
lpose after thirty days previous No
lice by publication in a daily news
paper published in the City o,
Shreveport, and by written notice
iuly addressed and mailed or deIiv-
Tered to every stockholder. of record
at his last known address.
This corporation may be dissOlv-
led at a vote of three-fourths of the
stOck present or represented at a
general meeting of the stockholders
lconvened for that purpose by order
lcf the board of directors on its own