The Caucasian., 1913-08-19

|
| tice Of such election shall he glVeI
BY written notice mailed not less
| than ten nor more than twenty day
prior to the date for holding suci
election, which notices shall ht
mailed 10 each stockholdrr at his
| last known place of address. as
shown by the books of the corpora
| ton Any failure from any cause to
elect directors the day named Tor
| that purpose shall not dissolve fhf
corporation, but the directors thtI
| in office. as we'll as the officers ol
said company. shall hold over until
| heir successors are chosen. In
such event the president Shall cause
another election to be- held within
thirty days. and shall give notice
every election and meeting each
stock holder shall be entitled TO vote
for each share of stock registered
in his name. and may vote by proxy.
The election Of directors shall be
by ballot. and the majority in votes
cast, each share Of stock voted upon
to be counted for one vote. shall
elect the person or persons for
whom they shall have been cast.
After each election the board Of di-
rectors Shall elect from their own
number the officers of The corpora
lion. ARTICLE Y.
The board Of directors shall have
full power to fill all vacancies in
their own number caused by death,
resignation or otherwise, from
among the stockholders of the cor
poration. The said board shall have
full control Of the property Of this
company, and shall so conduct,
manage and use the same as in their
discretion they deem fit, and that is
consistent with the objects Of this
company or the welfare Of The same.
The said board is further author
ized to frame and adopt such by
laws, rules and regulations as the
affairs and business Of the corpora
ton may require. and as it may
deem necessary for the conducting
and management thereof: provided
the same shall not conflict with This
charter Or with tho laws Of the
State Or the United STATES. The said
board shall elect or appoint such
other officers. agents, employees,
servants or clerks as it may deem
necessary for the conducting Of the
business Of the corporation; fix
their compensation, term Of SER
vice, 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
eral officers herein provided.
ARTICLE VI.
This charter may be changed,
modified or amended in any respect
except as to the increase or de-
crease of the capital stock, or this
corporation may be dissolved at a
general meeting Of the stockholders
convened for that purpose, with the
assent of two-thirds Of the entire
capital stock, whether present or
represented at such meeting Notice
Of such meeting shall be given in
The same manner as herein pro-
vided for other meetings of the
stockholders. In case Of dissolu-
tion or termination Of this corpor
alton, either by limitation Of its|
or from any cause, the
of its affairs shall be
conducted by three commissioners
selected from the stockholders, at a
meeting called for that purpose as
set forth in this article. Said COM
lnissioners shall remain in office
until the affairs of this corporation
shall have been fully liquidated. In
case Of death Of one Or more Of
such commissioners, the survivors
or survivor shall continue to act.
ARTICLE VII.
No stakeholder Of this corporation
shall ever be held liable or respon-
sible for the contracts or faults
thereof in any further sum than the
unpaid balance due the company on
the shares Of stock subscribed for
or owned by him, nor shall any in
formality in organization have the
effect of rendering this charter null
Or Of exposing q stockholder to any
liability beyond the unpaid balance,
If any, of his stock.
Thus done and passed at my no.
tarial office in the City Of Shreve-
port, Gaddo Parish, Louisiana, on
the day, month and year herein first
above written, in the presence OF
T. w. Coffey and John McAleyy,
competent witnesses, Of lawful age,
and residents Of this parish, who
hernuntO s1lhserihnd their names,