The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-12

OF its affairs as may be deemed
requisite and necessary, and shall
have all such other and fur
ther powers as are now or may
hereafter be conferred by law on
corporations or associations of the
same or similar kind.
ARTICLE III.
Inc purposes for which this COM
pany is formed are to buy, hold, own.
mortgage, sell and deliver property,
lmmovable and movable. To con-
tract for and build houses, and to
improve the property in such ways
as may be considered necessary or
advisable.
ARTICLE ".
The capital stock is fixed at
twenty-five thousand dollars divid-
ed into two hundred and fifty shares
OF one hundred dollars each. No
sG9ck shall be issued until fully paid
Iof, no transfer of stock shall be
binding on the corporation until
transferred on the books of the
company. Stock subscriptions may
be paid for in cash, serNi ice or prop
erty, provided the service and prop
'erty be placed at a value fixed by
the board Of directors. This cor
poratlOn shall commence doing bus
mess when six thousand dollars of
stock has been subscribed and paid
for
ARTICLE V.
The corporate powers of this cor
poratiOn shall be vested in and its
affairs shall be managed by a board
iCf three directors to be elected by
ballot by the stockholders at a
meeting to be held at the domiciIe
OF the company on the second Tues
day OF November of each year. be-
ginning in 1913. Until such election
the following shall compose the first
board of directors: Jack p. Fullilove.
who shall be president; J. \. Steph-
|ensOn, who shall be vice president;
and S. C. Fullilove, who shall be
secretary treasurer. The officers
shall be elected viva voce at a meet-
ing of the directors called for that
purpose. Vacancies on the board may
be filled for the unexpired term by
the remaining directors; beard
members may by written proxy act
for each other at board meetings.
The board of directors may employ
"a general manager and such other
agents as the interests of the COM
pany may require and discharge
them at pleasure; each director
shall own at least one share of stock
in the corporation. Three directors
shall constitute quorum of the
board for the transaction of bust
ness, who shall attend in person or
by written proxy. The board OF di-
rectors may be increased or de-
creased at the will of the stockhold-
ers as evidenced by a vote of three
fourths of the stock at meeting
called for that purpose.
ARTICLE VI.
The corporation may be dissolved
at any time by three-fourths vote
of the stockholders, and when it is
dissolved three commissioners shall
be elected for that purpose ~at a
general meeting of the stockholders.
Such commissioners shall liquidate
the affairs, sell the property, pay its
debts and distribute the surplus
among the stockholders,
ARTICLE VII.
At all meetings of stockholders
each share of stock represented by
the owner in person or by proxy
shall be entitled to one vote. Stock
holders shall be notified OF meetings
by publication for thirty days in a
weekly newspaper at Shreveport,
La, and also by written notice by
mail to each stakeholder ten days
prior to such meeting but meetings
may be held without such notice
and delays upon waiver thereof in
writing of each stakeholder.
ARTICLE VIII.
No stakeholder shall ever be held
liable for the contracts or faults of
the corporation in any further sum
than the unpaid balance owing on
the shares subscribed for by him;
nor shall any mere informality in
organizing have the effect of rem
dering this charter null or of expos
ing any stakeholder to any liability
beyond such unpaid balance
Done and signed at Shreveport,
La, on this 9th day of January 1913,
at the presence of J. C. Pugh and R.
Wolf, competent witnesses and res
idents of this Parish and State, who