The Caucasian. (Shreveport, La.) 1900-192?, 1913-10-07

part Of the United States. to build
houses and other structures neces-
sary for carrying on lis business,
and in general to do all acts nrceS-
sary or expedlent for the operation
Of its affairs
ARTICLE ".
The powers of this corporation
shall be vested in a board Of dnec-
tors composed Of nine stockholders,
four of whom shall constitute a
quorum to transact business. In"
directors shall elect a president, a
wee president, a treasurer, a scrFe-
tary and general manager, the last
two offices may be filled by one per
son. The time for the election OF
directors shall be the second Mon
day in May each year, after ten days
written notice to each stockholdcr.
The first board of directors shall be
as follows: Judge J. S. Steel, presl-
dent; b. l.. Mahon, vice president :;
l. I. Hale, treasurer, :. X. Llppln-
colt, secretary and general man
ager: !. r. Morrell, O. X. Lewis, +.
H. Todd, II. f.. Brown, +. G.. West.
All officers and directors shall serve
until their successors are elected.
If any vacancies occur among the
officers or directors the remaining
directors may fiji such vacancies.
The board of directors shall have
power to do generally all things i'll
cident to the objects and purposes
of this corporation.
ARTICLE V.
The capital stock of this corpor-
alton shall be one hundred and fifty
thousand ($i5OOOO.OO) dollars, dlVId-
ed into thirty thousand shares OF
the par value Of five dollars each.
The stock shall be paid for in cash,
or upon such terms as may be fixed
by the board of directors at tn"
time of subscription, or it may b"
issued for property, leases or ser
vices, the value of which shall be
determined by the board of dlrec-
tors. At least one thousand shares
| of the par value of five dollars each
shall be subscribed and paid for be
fore this corporation shall begin
business. No stakeholder shall be
| liable or responsible for the con-
| racts or faults of this corporation
in any further sum than the unpaid
balance due on the shares of stock
owned by him, nor shall any mere
| informally in organization have the
fleet Of rendering this charter null
and void.
ARTICLE VI.
At all elections each share OF
stock shall be entitled TO one vote;
stockholders may vote by proxy
| duly authorized in writing; the rep
resentatives of a majority OF the
stock present shall constitute q
quorum.
ARTICLE VII.
| This charter may be changed, al
tered or amended, or dissolved at
| meeting convened for that purpose
| with the consent of three-fOurths OF
the subscribed stock Of the com
pany represented at such meeting
Forty days notice in writing OF sucf
meeting and the purpose for Wh.cf
II is called shall be given each
stakeholder by mail, to be directed
to his last known postoffice. Motto
of such meeting shall be published
in a newspaper published at Shrevc,
lDOrt, La. In case of dissolution o
this corporation by limitation OF
otherwise, its affairs shall be llqul
dated by three commissioners So
lected by and from the stakeholder
of said corporation at meet'n
.lled after due notice for that D'r
pose.
Done and signed at my ofl'ce il
said Parish and State, in the pres
ence of the undersigned legal WI.
| nesses, who sign with me, said no
tary, and said appearers, on this -
f. day and date first above written.
JUDGE J. S. STEEL
b. l.. MAHON.
J. w. LONG
! I. +. HALE.
J. r. MORREI l..
0 O. K. LEWIS.
:: F.. II. TODD.
3 r. f. BROWN.
h / r. G. WEST,
= by S r. Lippincot
f Attest: s. r .LIPpINCOTT.
n w. A. STEPHENS.
t F. NJ. CLINE.
e OTIS w. BULLOCK,
It Notary public Caddo PARISH, l.
7 Having examined the foregolI