The Caucasian., 1913-11-02
cast in person by the holder thereof

t|pOriZad to begin business when ten
thousand (siO,OO00J dollars Of the
eapitaI stock is subscribed and paid
for. The capital stock shall be paid
for i'm cash or the same may be IS
sued al not less than par in payment
or exchange for property or rights
actually received or purchased by
tbe corporation Or the same may be
isg1ed q fully paid for money ad-
xanced and for such other valuable
consideration or services as the
board Of directors may. determine,
provided that no stock shall be ls-
sued until the consideration there
for shall have been received by the
corporation. No transfer OF stock
shall affect or be bindinD upon the
corporation unless made upon It's
hooks at its Office in the City oe
Shreveport and then enlS on sur
render Of The certificate thereof,
provided further that no stockholH-
er shall transfer his stock until he
has paid all Indebtedness due The
corporation, and provided that sai~
corporation shall have a lien anS
privilege upon said stock TO the es-
tent of its said indebtednes@
A1TICLE 9.
The corporate powers Of this cor
poration are hereby vested in and
shall be eSercised by board of o.
| rectors composed of three stock
holders. provided that no person
| shall be eligible as q director Vho 70
not the owner Of at least one share
of the common stock OF the cOfpor-
alton. The officers Of this corpora
ton shall be q president, z vice
president and secretary-treasurer,
| who shall be elected annually by the
board of directors from among tllrif
own number. The first board OF d.
, rectors shall be Lazarus Wise, Chas.
A. Barlsch and Jules Levy, with
Lazarus Wise as president, Jults
Lew as vice president, and Charles
/ A. RarIsch as secretary treasurer
'rhe said officers and directors sail
held office until the first Monday III
October 1914, or until 'heir success
sors are elected and quallliei. ON
the first Monday in October 19i and
annually thereafter board OF dl-
reciors shall be elected. unless sald
day shall be legal holiday, when
The election shall be held on the
first secular day following. and the
directors SO elected shall hold office
until their successors are electee
i and qualified. Ten days prior notice
Of said election shall be given
either by publication in one OF the
I newspapers published in the City ol
Shreveport, La, or by written notice
| by mail addressed to each holder ol
common stock at his last known
place of address as shown by the
books of the corporation. Only one
method or mode of notice shall be
required A majority of votes casl
shall control The election. The boarc
OF directors shall elect or appoint
such other officers, agents, enl-
ployes, servants or clerks as it ma,
deem necessary for conducting tht
business of the corporation, Fix the
compensation and term Of service
with the right TO dismiss them al
the boards pleasure; and the sai'
board shall have the right TO fix and
7 determine the salaries of the sew
era1 officers herein provided, anf
shall have the power and authority
to establish branch offices of the
corporation at such other places IL
the State of Louisiana or elsewhere
loutside of the City of Shreveport as
in its opinion the business and con-
Nenience OF the corporation ma.
Justify and require, and shall fl,
thee compensation of the agents anc
employees thereof. A majority OF tli
board Of directors shall constitute
quorum for the transaction Of bust-
ness: vacancies in the board OF dl-
reotors shall be filled by the remain
Y ing directors, Al contracts for The
purchase, sale, lease. mortgage o.
! otherwise acquiring or disposlng 9
real estate or rights therein must he
signed by both the president and ths
secretary treasurer.
4 ARTICLE VI.
II At all meetings of the stockhold-
Iers Of the corporation, except a
i otherwise provided herein, eaci
Il share Of stock shall entitle tn,
holder thereof, either in person ol
!. by proxy, TO one vote. and major
lity Of votes cast shall control; ant
j ten days prior notice of such meet
ings shall be given by written no.
.itice mailed to each stakeholder o.
record or by publication in a news
, nnnpr nuhlishpd in the Civ q