The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-08

before selling same to outsiders, he
shall give written notice to the cor
poration, and for period OF thirty,
days after such notice the other
stockholders shall have the privl-
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 as he sees tit.
All transfers of stock shall be made
on the books of this corporation,
and until so done shall be st no Ell
feet.
FOURTH.
The corporate powers of this cor
poration shall be vested in and ex-
ercised by board of directors COM
posed OF three members, two OF
whom shall constitute quorum for
the transaction Of all corporate
business. Should vacancy occur in
this board those remaining shall fill
the vacancy by choosing a stock
holder to fill the unexpired term.
The board of directors shall be
elected at meeting called for that
purpose after ten days written no.
tice to the members, mailed to their
book address. AS soon after the pub
location of this charter as is prac-
ticable the stockholders thereof
shall meet and elect a board of dl-
rectors who shall hold office for one
year or until their successors are
elected and duly qualified, which
said election shall take place on the
first day of July 1914, unless said
date should be legal holiday, III
which event said election shall be
held on the first secular day there
after. The officers of the corpora
ton shall be president, vice presi-
dent and secretary-treasurer to be
elected each year from amongst the
board Of directors and by SAID
board. At all stockholders meetings
each share of stock, present or rep
resented by written proxy, shall be
entitled to one vote, and majority
Of the votes cast shall elect. AS soon
after each election Of board OF dl-
rectors as is convenient the said
board shall meet and elect the Of
flcers. The said board Of directors
shall have in addition to the powers
Of general management, the power
to authorize the institution of suits,
the power to purchase, lease, mort
gage, hypothecate or sell such prop
erty for the corporation as may be
deemed advisable.
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 eases
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,
Fit shall be done by two commission
| ers elected by the meeting advising
such liquidation, and should either
| OF those elected be unable or fail
flor any cause to act, the remaining
shall perform the necessary duties
SIXTH.
No stakeholder of this corporation
shall ever be held liable or respon-
sible for the acts, faults OF con-
tracts OF the same in any further
Isum than the unpaid balance, If any
due on the stock subscribed by him
nor shall any informality in the for
nation hereof have the effect o
rendering this act void Or OF expos,
| ing any stakeholder to any Habilit.
further than the unpaid balance dut
by him for stock subscribed.
/ Thus done and signed in my ofiic
lin the City of Shreveport, La, thl:
the Both day of June A. D. 1913.
JOHN H. oBREFFEILH.
INEZ MARMOUGET.
i SIDNEY J. HOOVER,
latest: per Inez Marmouget
/ J.B. sLATTERY.
/ NOISE H.. LEVY.
I JOHN F. SLATTERY,
Notary Public
Estate of Louisiana, Parish of Cad
do: Having examined the foregoln
act of incorporation and findln
, nothing therein contrary to law,
lapprove the same, this the firstSda
of July A. D. 1913.
w. A. MABRY,
District Attorney First Judicial Dis
trict of Louisiana.
Endorsed: Filed and recorded Jul
Il. 1914 VIM. M. LEVY,
na-,,4.. rtouJ, an1 ov-lffania Dnn11t