The Caucasian., 1913-05-25

business. with the right to DO any
and everything incidental thereto
including the purchasing and sell
ing Of such articles as are usually
sold in jewelry stores, including all
sorts of musical instruments.
ARTICLE III.
The capital stock Of this corpora
ton is fixed in the sum OF twenty
five thousand 1925 100000 dollars
divided into two hundred and fifty
shares of the par value of one hun
dred dollars per share. This cor
poration is authorized to commence
business whenever ten thousand
(St0,000.00) dollars of its capital
stock is subscribed for and pdid in
cash or its equivalent. No stock
shall be issued until the same is
fully paid for, but stock may be is
sued in payment Of property, real
or personal, or for services rendered
to the corporation, as may be deter
mined by the stockholders. No sale
Of stock by any stakeholder in this
corporation shall be valid unless the
same shall have first been offered to
the remaining stockholders for a
period of ten days at a price equal
to any bona fde offer made for
same, or in lieu thereof at its book
value: such offer to be made in
writing addressed to the president
of this corporation. And this limita-
tiOn as to the sale of stock shall be
incorporated in all certificates of
stock issued by this company.
ARTICLE ".
All of the corporate powers of
this corporation shall be vested in
and exercised by board of direc-
tors consisting of four stockholders,
three of whom shall constitute
quorum. The first board of directors
is hereby declared to be Harry s.
Hart, irwin S. Kaufman, Cora H.
and Stella w. Kaufman,
with H. S. Hart as president, and
|. s. Kaufman as secretary-treasur-
er. The said officers and directors
shall hold Office as such until their
successors have been elected and
qualified. All subsequent boards Of
directors shall be elected by the
stockholders on the first Monday in
May of each year, beginning with
The first Monday in May 1914. All
such boards of directors shall have
the power to designate the officers
and employees Of the company.
ARTICLE V.
Whenever this corporation is dis
solved by limitation or otherwise.
is affairs shall be liquidated by two
persons selected for the purpose al
! stockholders meeting duly held;
and said liquidators shall perform
such service and give such security
IS The stockholders may require.
ARTICLE VI.
At all meetings Of the stockhold-
,rs each share of stock shall be en-
/ led to one vote, to be cast in per-
'on or by proxy. When not other
wise provided by law, all stock
holders to be notified ten days prior
o any meeting of stockholders by
publication in any one of the public
newspapers of the City of Shreve-
,Ort, La.
ARTICLE VII.
No stakeholder of this corporation
hall ever be held liable or respon-
ible for the contracts or faults |
hereof in any further sum than the |
unpaid balance due the company on |
heir stock; and no informality in
shall have the effect of |
this charter null or of ex-
,osing its stockholders to any loss
'eyond the amount of their capital |
took.
In witness of which the parties
AVE signed this instrument in the
resence of me, notary, and Ben
'lumberg and r. r. Layne, compe-
ent witnesses, on this the 10Th day
t May 1913.
HARRY S. HART.
]. s. KAUFMAN.
CORA H. CAMPBELL.
STELLA w. KAUFMAN.