The Caucasian. (Shreveport, La.) 1900-192?, 1912-05-09

ItlOn. The names, places of residenc
1 and the number of shares, held b
each OF the subscribers hereto ar
given in the handwriting of eac!
! at the end of this act and the SAM
l shall serve dS the original list 0
y subscriptions to the capital stock 0
, this corporation. This corporation
l shall be authorized to open its door
for business whenever One Hundred
Thousand (Sl0O,OOO) Dollars of it!
capital stock shall have been sub
scribed and paid for in lawful mon
ey of the United States.
| ARTICLE ".
All Of the corporate powers of
this corporation shall be vested in
la board of directors, all of whom
shall be citizens of the United States
and 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 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. c.. Simon, VIM.
Winter, James S. Noel, J. H. Jordan,
w. F. Dillon, S. J. Hartman, Mrs.
Walter B. Jacobs, Andrew Queries,
VIM. J. Bayersdorffer, all of whom
shall hold office as such Until eheir
successors are elected and qualifi-
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 |
each year. All such elections shall |
be by ballot and conducted at the
office of this corporation,
under the supervision of three com
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 stakeholder shall be
entitled 10 one vote for each share
II stock standing in his name on the
books OF the corporation, to be cast |,
n person or by written proxy. A
majority of the shares so voted shall .
elect. |,
Any vacancy on the board of d. Il
'ectors occurring by deatA, resigna- lo
ion or otherwise, shall be filled by IT
election for the remainder of thees
erm so vacated, by the remaining IT
directors. Any failure to elect direc-
ors annually shall not dissolve Thea
corporation, but the directors then IN
n office shall hold over and con
lnue to serve as directors untiliJ
heir successors shall have been de-
y elected and qualified.
The board of directors nance
herein shall elect a president, one .
" more vice presidents a cash or y
nd such other officers and employ y
S as they may deem necessary. L.
Each succeeding board of direct
rs shall do the same immediately l.
fter having qualified as such. The
oard OF. directors also is empower r
d to appoint from its members such
ommlttees as it may deem proper,
nd vest same with any of its pow
rs to be exercised when the boaro \
not IN session and subject to any
which the board ma,
rescrlbe. All of the officers, EN-
loyes and committees shall hold
fflce at the pleasure of the board OF
irectors.
The board of directors may make {
nd establish, as Well as alter and a
mend, any and all bylaws, rules, h
nd regulations necessary to tn, a
roper conduct of the business af &
airs Of this corporation. In
,, ARTICLE v. h
This act of incorporation may be q
TERED, amended, or changed by a
ote of two-thirds of the capital
took Of the corporation at stock
olders meeting held for that pur- I
ose after thirty days previous No q
ce by publication in daily news a
aper published in the City O,
hreveport, and by written notice "
uly addressed and mailed OF deliv- a
red to every stakeholder, of record =
his last known address.
This corporation may be dissolv- .
d at vote of three fourths of the =
took present or represented at -
eneral meeting of the stockholders :.