The Caucasian., 1913-08-17

lshall have been subscribed and paid
| for. Any stockholder shall have the
right Of disposing Of his stock, but
before selling same to outsiders he
shall give written notice to the cor
poration, and for a period OF thirty
days after such notice the other
stockholders shall have the prlyl-
| lege Of purchasing same at its mar
| ket value, failing to avail them
selves of this privilege, he shall
have the right to dispose Of it as he
sees fit. All transfers of stock shall
| be made on the books of the corpor-
alton, and until SO done shall be OF
no effect.
FOURTH.
The corporate powers OF this cor
poration shall be vested in and eX-
ercised by a board Of directors com
posed of three members. Two or
whom shall constitute quorum Tor
| the transaction of all corporate bus
mess. Should a vacancy occur in The
board, those remaining shall fill the
vacancy by choosing stockholder
| to fill the unrNpired term. SAID
! board shall be elected annually on
the first Monday in January Of each
year, beginning with the year 1914.
Each share of stock shall be entitled
To Ia in
by written proxy, and at all elec-
tions and meetings of stockholders
a majority of votes shall elect. Ten
days prior notice shall be given in
writing to stockholders of all spe
cial elections or special meet
ings, the said notice to be
made to the usual postof-
flee address of said stockholders
The board of directors shall elect
annually at its regular meeting Of
ficers of the corporation, namely, a
president, vice president, secretary
treasurer, who shall hold office un-
| til their successors are elected and
duly qualified. The first board Of di-
rectors. Of this corporation shall be
J. G. Foster, w. NJ. Hudson and I. H.
Teat The officers of this corpora
tion shall be I. H. Teat, president;
j. C. Foster, vice president, and w.
M. Hudson, secretary-treasurer.
FIFTH.
This charter may be changed.
modified or amended, its capital
stock increased or decreased, at a
general meeting Of the stockholders
convened for that purpose, after ten
days written notice given as above
provided Except in those cases
where longer notice is required by
law with the assent of three
fourths Of the capital stock, either
present or represented by written
proxy. Should it be deemed advis-
able to liquidate the affairs thereof,
it shall be done by two commission
ers elected by the meeting advising
such liquidation, and should either
of those elected be unable or fail for
any cause to act, the remainingtshall
perform the necessary duties.
SIXTH.
| No stockholder of this corporation
shall ever be held liable or respon-
sible for the acts, faults or contracts
of the same in any further sum than
the unpaid balance, if any, due on
the stock subscribed by him, nor
shall any informality in the forma-
tion hereof have the effect Of rem
dering this act void or of exposing
any stockholder to any liability fur
ther than the unpaid balance due
by him for stock subscribed.
Thus done and signed in my office
in the City of Shreveport, La, this
24th day Of July 1913.
j. C. FOSTER.
l. H. TEAT.
w. NJ. HUDSON,
F. O. HUDSON,
Attest: by w. NJ. Hudson.
J. M. FOSTER.
G. ENGART. ABE GOODMAN,
Notary Public.
Endorsed: Filed and recorded July
I24, 1913. S. @. WILLIAMS,
Deputy Clerk and ex-Of1icio Deputy
| Recorder.
State Of Louisiana. Parish Of Cad
do: I hereby certify that the fore
] -, p
the original act as the same now ap-
pears on file and Of record in my of
! flee. Given under my hand and seal
of office this 24th day OF July 1918.
S. @. WILLIAMS,
| Deputy Clerk and ex-Officio Deputy
Recorder. July 81.
Election Proclamti0n.
State nf r T.011iSiana papich h nf God