The Caucasian. (Shreveport, La.) 1900-192?, 1913-02-18

ing upon purchaser as well as the
stakeholder. The stock of said cor
peration and body polite may be
transferred under the above eondl-
lions, provided such transfers
thereof be made on the books OF
said company at its office 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 and
provision of limitation shall also be
printed on the face of each certifi-
cate of stock issued by sadi 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 hun
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 w.
The corporate powers OF this
company shall be vested in and ex-
ercised by a board of eleven az
directors consisting of the presl-
dent, vice president, secretary
treasurer, and eight stockholders
Six of said board shall constitute a
quorum for the transaction of bust
ness, and their decisions shall be
valid corporate acts. The following
persons shall constitute the first
board of directors: ]. j. Hudson, /
NJ. Hall, E. E. Grain, ]. w. Pey-
ton, J. R. Castleberry, B. Can
non, w. B. Chenoweth, w. S.
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.
il. 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 this company. During the
absence of the president the vice
president shall act and preside. Sale
board shall continue in. Office until
the second Monday of January In
the year nineteen hundred ano
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 legaI
holiday, when the election shall DC
held on the next legal day thereaf-
ter. Notice of such election shall be
; given by at least ten (i0) days con-
: tinuous publication immedlatel!
preceding each election, in one o
, the daily English newspapers OF
said corporations domicile; and tn
, board of directors shall appoint onf
, or more stockholders to preside d
such election as commissioners. Ii
? the event of the failure OF any com
J missioner or commissioners to at
: tend, the president shall, by ap.
3 pointment, fill the vacancy. An!
t failure from any cause whatever Il
, elect directors the day named TO
8 that purpose shall not dissolve tn
, corporation and body polite, blu
r the directors then in office, as wei
T as the officers of said company
] shall hold over until their success
e sors are chosen. In such event tn
president shall cause another cleo
P ton to be held within thirty go
: days, and shall give notice thereo
e as hereinbefore provided. At ever
s election and meeting each stockhold
er shall be entitled to one vote TO
each share of stock registered i
: his name, and may vote by prox!
O The election of directors shall b
s by ballot, and the majority i
: amount of votes cast, each share G
: lstock voted upon to be counted fo
# one vote, shall elect the person G
!. persons for whom they have bee
d cast. After each election the boar
It of directors shall elect from the
e own number the officers OF sal
II company. The board OF director
) shall have full power to fill vacaT
" cies in their number caused b
d death, resignation Or otherwis
,e from among the stockholders OF tt
i corporation and body polite. III
II said board shall have full cOntr