The Caucasian., 1913-05-06
ARTICLE III.

The capital stock Of this corpora
ton is hereby fixed at the sum o
ten thousand (si0.0O0.OO) dollars, di
vided into and represented by on'
hundred IOO shares Of the pa
value of one hundred (SiO0OO) dol
lars per share, which shall be pal(
for in cash or its equivalent at the
! time of it's issuance. This corpora
ton shall be authorized to com,
mence business as soon as three
thousand dollars Of its capital STOCK
shall have been subscribed and palC
for in cash OF its equivalent.
ARTICLE ".
The corporate powers OF this cor
poration shall be vested In and exer-
cised by a board of three directors,
chosen from the stockholders, two
of whom shall constitute q quorum
for the transaction of business. The
board of directors shall be vested
with power and authority to make
all contracts, purchases. leases,
sales, ETC., in the prosecution Of the
business Of the company, and to
adopt a code Of bylaws, rules and
regulations for the management OF
the business and affairs Of the con-
pany, and may alter, amend and
change the same at pleasure. The
board of directors shall elect the
officers of this corporation, and ap-
point, hire and discharge all OFF,
cials, agents and employees, fix their
compensation, and generally do and
perform all things and acts neces-
sary in the prosecution of the en-
terprise Of the company. Vacancies
occurring in the board of directors
by death, resignation or otherwise,
shall be filled for the unexpired
time by the remaining directors.
The same person may be elected
secretary and treasurer. The first
board ofGdirectors of this corpora
ton shall be composed Of w. C.
Woolf, C. D. Keen and Wv. Norris.
The officers of this corporation shall
be as follows: William C. Woolf,
president; R. w. Norris, vice presi-
dent, and Cornelius d. Keen, secre-
tary and treasurer. This board OF
directors and the officers shall re-
main in Office until the first Mon
day in April 1914, or until their sue
cessors shall have been elected and
qualified. On the first Monday il
April and annually thereafter
an election of directors shall be held
at the office Of the company in
Shreveport, La, notice Of which
meeting shall be given in any one OF
the newspapers published in the
City Of Shreveport for ten (iO days
prior to the date Of the meeting
Should for any cause this meeting
not be called or advertised at the
time mentioned, then 1t may be
called and advertised for later
date, and meeting held at such
later date shall have the same ef,
ficacy and force as though held on
the first Monday in April. At all
stockholders meetings each share oil
stock shall be entitled to one a.
vote, either in person or by proxy in
writing. The term Of office OF no Of
fetal, agent or employe shall extend
beyond the term Of Office Of the
board of directors which elected.
chose Or appointed him. II no term
be fixed during which an ofiicral or
employe is to hold Office, then his
tenure Of the place shall be at the
discretion OF. the board OF directors.
ARTICLE.
This act of incorporation may be
amended, or the corporation itself
dissolved, by and through the assent
and action OF three-fourths (3-N OF
he stock present or represented at
any general meeting Of the stock
holders convened for that purpose
after thirty (3O days prior notice
of such meeting shall have beer
given by publication in one OF the
daily newspapers published in the
City of Shreveport, La, by five ~
insertions during said period OF
thirty 1907 days. Should changes Be
contemplated in reference to the
capital stock, besides the thirty (3O)
days notice as above, ten (10) day.
written notice by mail OF otherwise
to each stockholder shall be given.
This ten (4O) days written notic':
may be given during the time the
thirty (3O) days published notice is
running.
ARTICLE vi.
Whenever this corporation is dis
solved, either by limitation Of its
charter, or from any other cause, its
affairs shall be liquidated by three
(3) commissioners chosen by the
stockholders at a meeting Of the