The Caucasian. (Shreveport, La.) 1900-192?, 1912-12-08
ARTICLE ".

either in or out of the State of Louisi.
ana.
ARTICLE ".
The amount of the authorized capital
<tork Of this corporation is hereby tiXrl
n ne sum Of Two Hundred Thousand
Dollars 5000. OOU.OO). the same to be
lividrI into and represented by 1000
shares Of fhc par value Of One Hundred
| Dollars each. and fifty shares thereof.
which are now subscribed by the fiv"
original incorporators. shall be paid for
| from time to time and in such amounts
and in such manner as the Board Of
Directors may require, and the balan -"
Of the shares OF said capital stock may
| be issued bv the Board Of Directors
either for money received by this cor
poration or fer labor done in It's behalf
or for property actually by it received.
This corporation shall become Il going
concern and be authorized to do bust
ness as soon as Five Thousand Dollars
| ($J .0u0.O0). or more. of its capital
stock shall have been subscribed.
ARTICLE V.
Sect ion l. All of the corporate pow
ers of this corporation shall be vested
| in and NAV be exercised by a Board of
| Directors to consist of five members
all of whom shall be stockholders and
three of whom shall constitute a quo
rum for the transaction Of all business
Said Board shall be vested with full
power and authority to direct and pro
vide for the making Of contracts. pur
chases and sales, TO adopt all bylaws
rules. regulations and resolutions for
he government Of the business and al
alter or repeal such, and shall have fu!l
power 10 fill all vacancies which ma
occur ia the membership Of the Board.
See ,. An annual meeting of the
| stock for the election of
Board of Directors shall be held on the
first Monday after the third Tuesday
in November. in each year, beg inning
with the year 1913, and if the same be
not held at that time. then as soon
thereafter as may be deemed expedient;
failure to elect Directors on the date
above specified shall not dissolve the
70
management. but the directors then in
office shall remain in office until their
successors shall be elected and quail
fed; at the time of the annual meeting
for election Of said directors there shall
be transacted such other business as
may be properly brought before such
meeting; provided. however. the date
of annual meeting may be changed and
fixed by the Bylaws.
Sec 3. The officers of the corpora,
tion shall be at least a President. a
Vice President, Secretary and a
Treasurer. In addition the Bylaws
pr Resolutions of this corporation may
provide for two or more Vice Presi-
dents and an Assistant Secretary.
and an Assistant Treasurer, or,
more than one. The President shall be
a director, but no other officer need
be either a director nor stockhoIder
Each Board of Directors shall elect Of
fcers of the corporation, and the pow
ers Of such officers shall be shown in
the Bylaws of the corporation or by
resolution of the Board, and all Off
GERS shall hold office at the pleasure of
the Board, and the tenure Of all other |
employees shall be subject to definition
and eonttol by the bylaws or resoIu
lion Of the Board. . .........
See. !. All elections and other ques-
lions submitted at stockholders meet !
ings shall be by ballot, If demanded by |
any stoe kholder, and each stakeholder
shall be entitled to one vote for every |
share Of stock held by him. the same
proxy. and majority of all the votes
EAST shall prevail, except in sn"h it
stances as the statute or this charter
may otherwise provide,
Sec. 5. The Board of Directors may
appoint committees. and such commit
tees shall have and may exercise such
powers as shall be conferred or author
lied BY the Bylaws or the resolutions
of the Board
See. 6. Every member of the Board
of Directors. in case Of his absence from
the state Of Louisiana or the City Of
shreveport at any time, shall have the
right to name and appoint in writing a /
proxy to represent him and to sit in his
place and name and act for him at all
meetings of the Board which may be
held during his absence from the State
of Louisiana or City Of Shreveport.