The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-15

stockholders shall have the plivi-
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 Mt.
All transfers Of stock shall be made
on the books of this corporation.
and until so done shall be Of no eff
fleet.
FOURTH.
The corporate powers OF this cor
poration shall heaNested IN and ex-
ercised by a boafH OF directors COM
posed of three members, two OF
whom shall constitute a quorum Tor
the transaction of all corporate
business. Should a vacancy occur IN
this board those remaining shall Till
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 writtenpo-
tice to the members, mailed toSE1elr
book address. AS soon after the pub
LEGATION of this charter as is prac-
ticable the stockholders thereof
shall meet and elect a board OF d.
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 sad
date should be a 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 a president, vice presl-
dent and secretary-treasurer to D"
elected each year from amongst the
board of direcbbs and by salo
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 east shall elect. As soon
after each election Of board OF dl-
rectors as is convenient the sad
board shall meet and elect the OF
fcers. 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 OF sell such prop,
erty for the corporation as may be
deemed advisable.
FIFTH
This charter may be changed
modified or amended; It's capital
stock increased or decreased, at G
general meeting of the stockholders
convened for that purpose, after ten
days written notice given as above
provided Except in those cases
where longer notice is required by
law, with the assent OF three
fourths of the capital stock ethel
| present or represented by written
proxy. Should it be deemed adyis-
able to liquidate the affairs thereof
it 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 Or con-
i tracts Of the same in any further
sum than the unpaid balance, II any
'Idue on the stock subscribed by him
nor shall any informally lathe for
nation hereof have the effect O.
! rendering this act void or Of expos
ing any @stockholder to any liability
further than the unpaid balance dut
by him for stock subscribed.
/ Thus done and signed in my of1ic
in the City Of Shreveport, La, this
| the 3Oth day of June A. D. 1913.
| JOHN u. =DILI j. MN
i INEZ MARMOUGET.
j SIDNEY J. HOOVER,
Attest: per lnez Marmouget
/ J. B. SLATTERY.
NOISE H. LEVY.
JOHN F. SLATTERY,
Notary Public
State Of Louisiana, Parish OF Cad
:, do: Having examined the foregoln
, act of incorporation and findln
\ nothing therein contrary to law,
). approve the same, this the first da
of July A. D. 1918.
w. A. ,MABRY,
District Attorney First Judicial Dis
trict of Louisiana
Il Endorsed: Filed and recorded Jul
III, 1918. VIM. NJ. LEVY,
Deputy Clerk and ex-Officio Deput
Recorder.
II State Of LouisianSQParish of Cad
do: I hereby certify that the fore
; going is A true and correct copy