The Caucasian. (Shreveport, La.) 1900-192?, 1913-02-25


poration and body polite may be
transferred under the above condl-
tions, provided such transfers
thereof be made on the books OF
said company at its offlce In the
City of Shreveport, Parish. OF Cad
do, State of Louisiana. its domlclle,
and on surrender of the certificate
thereof, and if this provision IS not
complied with, no transfer OF STOCK
shall be binding on said corporation
and body polite, and this clause ana
provision of limitation shall also be
printed on the face of each certlfl-
cate of stock issued by Sadl COM
pany. No transfer of any fractional
part of share shall be made. This
corporation and body polite shall
be authorized and shall commence
doing business as soon as one hum
dren and twenty-six thousand dol
lars of the capital stock thereof
shall have been subscribed and paid
for in cash or its equivalent as
aforesaid, and when all the manda-
tory, legal requisites of incorpora-
ton have been complied with.
ARTICLE ".
The corporate powers OF THIS
company shall be vested in and ex-
ercised by board of eleven Q1}
directors consisting of the presl-
dent, vice president, secretary
treasurer, and eight stockholders.
Six of said board shall constitute
quorum for the transaction OF busi-
ness, and their decisions shall be
valid corporate acts. The following
persons shall constitute the first
board of directors: J. ]. Hudson, I.
M. Hall, E. E. Grain, J. w. Pey-
ton, J. R. Castleberry, B. Can
non, w. B. Chenoweth, w. 5.
Thompson, o. G. Richardson, J. l..
Pence and R. H. Guelich, and the
first officers of said corporation and
body polite shall be as follows: }.
J. Hudson, president; T. M. Hall,
vice president; and E. E. Grain, sec
retary-treasurer who shall hold
their respective offices until their
successors are duly chosen and
elected as hereinafter set forth. No
person shall be eligible as director
or an officer who is not a stock
holder of thi6company. During the
absence of the president the vice
president shall act and preside. Sald
board shall continue in office until
| the second Monday of January IN
the year nineteen hundred and
| fourteen, on which date and there
after annually, the board OF direc-
tors shall be elected on the second
Monday of January of each year,
unless the same shall be a legal
holiday. when the election shall be
held on the next legal day thereaf-
ter. Notice of such election shall be
given by at least ten (iO) days con-
tinuous publication Immediately
preceding each election, in one OF
the daily English newspapers OF
said corporations domicile; and the
board of directors shall appoint one
or more stockholders to preside at
such election as commissioners. In
the event of the failure of any COM
missioner or commissioners to at
tend, the president shall, by ap-
pointment, fill the vacancy. Any
failure from any cause whatever to
elect directors the day named foi
that purpose shall not dissolve the
corporation and body polite, but
the directors then in office, as well
| as the officers of said company,
shall hold over until their success
j sors are chosen. In such event the
president shall cause another cleo
| ton to be held within thirty (3O)
days, and shall give notice thereof
!, | as hereinbefore provided. At every
election and meeting each STOCKHOLM.
er shall be entitled to one vote FOL
each share of stock registered II
his name, and may vote by proxy
], The election of directors shall 81
, by ballot, and the majority II
amount of votes cast, each share O.
stock voted upon to be counted fol
I one vote, shall elect the person o
!. persons for whom they have beer
/ cast. After each election the boar'
[ of directors shall elect from thel
8 own number the officers OF sal
r company. The board OF director
: shall have full power to fill vacan
RI cies in their number caused b,
1 death, resignation or otherwise
e from among the stockholders OF tn
: corporation and body polite. In
: said board shall have full contr6
8 OF the property of this compan!
: and shall so conduct, manage an
,,co tho eapn &C in their diSCrotlO