The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-23

and paid in dividends to the holders
OF such stock, but said stock shall
not participate in the profits of the
corporation in excess of said eight
per cent annual dividends nor shall
the shares Of preferred stock entitlc
The holders thereof to vote at the
meetings of the corporation, except
at meetings called for the purpose
OF amending or changing The char
ter Of the corporation or to consider
its dissolution, and then only on
those particular subjects The hold
ers Of common stock shall not pa
tlcipate in the divisions of the
profits of the corporation until after
there shall have been set aside for
payment to the holders of preferred
stock the aforementioned annua!
dividend of eight per cent. Each
share Of common stock shall entitIn
the holder thereof to one vote at all
meetings of the corporation, to be
cast in person by the holder thereof
or by proxy. The corporation is au-
thoriZed to begin business when ten
thousand (SiO,00O0O) dollars of the
capital stock is subscribed and paid
for. The capital stock shall be paid
for in cash Or the same may be is
sued at not less than par in payment
or exchange for property or rights
actually received or purchased by
The corporation or the same may be
issued fully paid for money ad-
Nanced and for such other valuable
consideration or services as the
hoard Of directors may determine,
provided that no stock shall be is
sued until the consideration there
Tor shall have been received by the
corporation. No transfer of stock
shall affect Or be binding upon the
corporation unless made upon its
books at its office in the City of
Shreveport and then only on sur
render of the certificate thereof,
provided further that no stockhold-
er shall transfer his stock until he
has paid all Indebtedness due the
corporation, and provided that said
corporation shall have a lien and
privilege upon said stock to the ex-
tent of its said indebtedness.
ARTICLE V.
The corporate powers of this cor
poration are hereby vested in and
shall be exercised by board Of di-
rectors composed Of three stock
holders, provided that no person
shall be eligible as a director who is
not the owner of at least one share
OF the common stock of the corpor-
alton. The officers of this corpora
ton shall be a president, vice
president and a secretary-treasure
who shall be elected annually by the
hoard of directors from among their
GWl number. The first board Of di-
"ectors shall be Lazarus Wise, Chas.
a. Bartsch and Jules Levy, with
Lazarus Wise as president, JuI'.s
Levy as vice president, and CHARLES
\. Bartsch as secretary-treasurer.
'Fhe said officers and directors s1,all
held office until the first Monday in
October 1914, or until their success.
sors are elected and qualified. On
the first Monday in October 1914 and
thereafter board of di-
rectors shall be elected, unless said
day shall be legal holiday, when
the election shall be held on the
first secular day following, and the
directors so elected shall hold office
until their successors are elected
and qualified. Ten days prior notice
of said election shall be given,
either by publication in one of the
published in the City OIL
Shreveport, La, or by written notice
by mail addressed to each holder Of
common stock at his last known
place of address as shown by the
books Of the corporation. Only onel
method or mode Of notice shall be
A majority of votes cast
shall control the election. The board
Of directors shall elect or appoint
such other officers, agents, en-
ployes, servants or clerks as it may
deem necessary for conducting the
business Of the corporation, fix the
compensation and term Of service,
with the right to dismiss them at
The boards pleasure; and the said
BOARD shall have the right to fix and
determine the salaries of the sew
ara officers herein provided, and
Shall have the power and authority
10 establish branch offices of the
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