The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-26

all things necessary and convenient
to carry on the business OF SAID
corporation.
ARTICLE III.
The capital stock Of the said cor
pOration shall be twenty-five thou
sand and no-I00 1928 100000 dollars.
divided into and represented by two
hundred and fifty shares OF the sum
| of one hundred and no-i00 (slooo0l
dollars each which said stock shall
be paid for i'll cash at the time OF
subscription, or the same may be is
sued. at not less than par, IN pay
| ment or exchange for property or
! rights actually received or pur-
chased by said corporation, or the
same may be issued full paid for
money advanced, and for such other
| valuable consideration or services
as the board of directors OF said
| corporation may determine; pro
| \ided that no stock shall be issued
until the consideration therefor has
been received by the said corpora
ton. Any stakeholder may sell, as
sign or transfer his stock i'll this
| corporation provided thirty 800
days prior notice of such intention
to sell. assign or transfer the same
be given the company, and the other
| stockholders thereof shall have the
first privilege of purchasing same,
after which thirty days notice the
said stock may be sold i'll open
| market. The stock Of said corpora
| ton may be transferred under the
above conditions, provided such
transfer thereof be made on the
books of said company at its office
in the City of Shreveport, and on
surrender of the certificate there
for. No transfer of any fractional
part of a share shall be made. This
CORPORATION shall commence dolns
business as soon as three thousand
| and no-tOO ($3,OO0.O0) dollars of the
Icapital stock shall have been sub
scribed for. The board of directors
shall have the right to determine
i how much stock shall be issued.
i ARTICLE ~.
| The corporate powers of thi:
company shall be vested III and ex-
Iercised by a board of three 81 d.
lrectors, consisting of the president
vice president and secretary-treas
urer. Two ~ of said board shall
constitute a quorum, and their de-
cisions shall be valid corporate acts
The following persons shall constl-
ute the first board of directors
William R. Cavett, president; Sam
uel B. Hicks, vice president; and K
Emmett Comegys, secretary ant
treasurer. No person shall be eligl
| BILE as director or an officer who l
not a stakeholder of this company
( During the absence of the presiden
he vice president shall act and pre-
side. Said board shall continue i
| office until the first Tuesday Il
:, June 1914, on which date and there
: after annually a board of director
t shall be elected each year, unles
same should be holiday, whe
t the election shall be held on tn
-taext legal day thereafter. Notice Q
t such election shall be given by a
0 least ten (1O( days continuous pub
d ication Immediately preceding eac
S election in one of the daily newspa
: GERS in the City of Shreveport; an
5 the board of directors shall aI
d | point one or more stockholders
a preside at such election as con
'. missioners. In the event of the fal
q ure of any commissioner or con
d nissioners to attend, the preside1
shall, by appointment, fill the V;
cancy. Any failure from any cau'
: whatever to elect directors the df
e named for that purpose shall NJ
is dissolve the corporation; but ii
If directors then in office, as we'll
j. he officers of said company, shs
,e hold over until their successors a
re chosen. In such event the preside
It. shall cause another election to
Sc held within thirty days, and sh;
TO give notice thereof as hereinabo
d, provided. At every election a.
e, meeting each stakeholder shall
", entitled to vote for each share
te, stock registered in his name, a
p may vote by proxy. The election
to directors shall be by ballot, and t
Ii majority in amount of votes ca
or each share Of stock voted upon
n be counted for one vote, shall ell
ay the person or persons for wh'
CHI hey have been cast. After ca
he election the board of directors sh
on elect from their own number
ed Ulcers of said company.
ne ARTICLE V.
no The board of directors shall n;
r. full power to fill vacancies in tn
ay numhpr caused by death, reSlgl