The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-03

all things necessary and convenient
| to carry on the business OF salC
corporation.
ARTICLE III.
The capital stock of the said cor
poration shall be twenty-five thou
sand and no-iO0 ($25, OO00W dollars
divided into and represented by two
hundred and fifty shares of the sum
of one hundred and no-t0O ($t000O)
dollars each, which said stock shall
be paid for in 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 OF
rights actually received OF 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-
yided 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 in this
corporation provided thirty (30)
| 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 in 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 share shall be made. This
corporation shall COMMENCE doing
business as. soon as three thousand
and no-1OO ($3,OOO.OO dollars of the
capital stock shall have been sub
scribed for. The board of directors
shall have the right to determine
how much stock shall be issued.
ARTICLE Nv.
The corporate powers OF this
company shall be vested in and ex
crcised by a board of three (3) di-
rectors, consisting of the president
vice president and secretary-treas-
urer. Two (2) of said board shall
constitute quorum, and their de-
:isions shall be valid corporate acts
The following persons shall consti-
ute the first board Of directors
William R. Cayett, president; Sam
uel B. Hicks, vice president; and R
Emmett Comegys, secretary and
treasurer. No person shall be ellgi-
BILE as director or an officer who us
not a stakeholder of this company
During the absence of the president
l.e vice president shall act and pre-
side. Said board shall continue il
office until the first Tuesday II
June 1914, on which date and there
latter annually a board Of directors
shall be elected each year, unless
the same should beIa holiday, Wher
the election shall be held on thu
| lcxt legal day thereafter. Notice OF
lsuch election shall be given by a
least ten NO) days continuous pub
| LEGATION Immediately preceding eacf
| election in one of the daily newspa-
| ,ers in the City of Shreveport; ant
| the board of directors shall ap.
| ,oint one or more stockholders tt
preside at such election as com
| missioners. In the event Of the fail
| ure of any commissioner OF com
missioners to attend, the presiden
| shall, by appointment, fill the va
cancy. Any failure from any caus'
| whatever to elect directors. the da.
named for that purpose shall no
!, dissolve the corporation; but tn
directors then in office, as we'll a
he officers of said company, sinai
hold over until their successors ar
chosen. In such event the presiden
shall cause another election to b
!, held within thirty days, and sha]
give notice thereof as hereinabov
provided. At every election an
, meeting each stakeholder shall b
, entitled to vote for each share Q
!. stock registered in his name, an
. may vote by proxy. The election 9
J directors shall be by ballot, and tn
majority in amount. of votes cas-
r each share of stock voted upon t
be counted for one vote, shall elet
) the person or persons for WhoI
j hey have been cast. After eac
& detection the board Of directors sha
n elect from their own number tn
III officers of said company.
G ARTICLE v.
The board of directors shall ha,
: f,,1l ,n1,or IN all xooapnina in the