The Caucasian. (Shreveport, La.) 1900-192?, 1912-08-25
or its equivalent.
ARTICLE w.

The corporate powers OF this cor
poration shall be vested in and ex
ereised by board 0f five directors
three GO whom shall constitute q
quorum for tt1e transaction OF bus
mess, and oil 81 the directors shall
be stockholders Of the cempany. The
beard Of directors shall be vested
with pewee ana authority 90 make
all contracts, purchases, leases,
sales, etcs in Che prosecution OF Che
business OF che company. and to
adops . code Of bylaws, rules and
regulations Cor che management OF
the business and affairs Of Che eom-
parfs, and may aiter, amend and
change tn same 40 pleasure. The
board os directors shall eject Che Of
Ulcers of ehis corporation, and ap
poinn, Aire and discharge ely off
'eials, agents end employees fiH their
compensation. and generally DO and
pelfTlN al things and ACES neces
sary in lhe pros ecution Of the enter
prisee Of the company. Vacancies
occurring On the board of directors by
death, resignation OF Otherwise,
shall I've filled SOP che nneHpired
time by che remaining directors.
The same person may BE secretary
ana treasurer. The first board OF
directors oe this corporation shall
be composed 90 J. W. DaHner,
J. q. Danner. W. u Batson, John
B. Grueeer and Joseph Tomsany. The
officers OF this corr Grafton shall be
a. follows: :. ". Danner, president:
J.. d. banner, vice president w. +.
Bosseh secretary and treasurer.
This Board OF directors and the Off
cevs shan pemaifa in office until che
fire Monday in July. 1913. or untia
theig successors shall have been
elected and qualified. On the first
Monday IN JUS and snuany there
after, an election OF directogs 8
be AeM in TIC office Of the company
in Oil City, Louisiana. notice OF
which meeting shaN be given in sny
one Of the aewspapers pAblished in(
the City of Shreveport for ten TO
days prior to the date Of the meeting
Should Sor any cause this meeting
not be called or advertised a De
tiNe mentioned, tAen it may be call
ed and advertised for . later date,
and a meeting held az such later
date shall have the same efficiency
and force as though held on the first
Monday in July. AZ all stockholders
meetings esch share Of stock Shall
be entAled to one vote either in per-
son or by proxy in writing. The term
of office of no official, agent or en-
ploye shall extend beyond the term
of office of the board of directors
which elected or appointed him. II
no term be fixed during which an
official or employee is to hold office, !
then his tenure of the place shall be
at the discretion of the board of di-
rectOrS.
ARTICLE V.
This act of incorporation may be
amended, or the corporation itself
by and through the assent
and action of three-fOurths of the
stock present or represented at any
general meeting of the stockholders
convened for that purpose after 80
days prior notice of such meeting
shall have been given by publication
n one of the daily newspapers pub
ished in the City of Shreveport, La,
~ five insertions during said period
IF thirty days. Should changes he
in reference to the
capital stock, besides the thirty days
notice as above, ten days written
notice by mail or otherwise to each
tockholder shall be given. This ten
lays written notice may be given
Turing the time the thirty days pub
ished notice is running.
ARTICLE vi. |,
Whenever this corporation is dis
olved, either by limitation Of its
harter, or from any other cause, its
fairs shall be liquidated by three
commissioners chosen by the stock
olders at a meeting of the stock
folders convened for that purpose
fter thirty days notice shall have ,
cen given by publication in news !
aper as hereinbefore set forth for .
leetings called to amend this char
er, or to dissolve the corporation. :
he commissioners thus chosen
hall remain in office until the af-
airs of the corporation shall have
ee. liquidated. In case of death !,
r resignation of either commission
T, the survivor shall continue to j..
ct. j..
ARTICLE VII.
No stakeholder shall be held liable =
Dr. the contracts or faults of this
Dmpany in any further sum than :.
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