The Caucasian., 1913-10-07

part Ol IHe UnllfI STATES. W Duiih
houses and other structures Deces-
sary for carrying on its business,
and in general to do all acts neces-
sary or expedient for the operation
of its affairs
ARTICLE ~.
The powers of this corporation
shall be vested in board Of dlrcc-
tors composed Of nine stockholders,
four of whom shall constitute a
Quorum to transact business. Ih"
directors shall elect a president, a
vice president, a treasurer, a srrrr-
tary and general manager, the last
two offices may be filled by one per
son. The time for the election OF
directors shall be the second Mon
day in May each year. after ten days
written notice to each stockholdtr.
The first board of directors shall be
as follows: Judge J. S. Steel, presl-
dent; B. L. Mahon, vice president :;
|. Il. Hale, treasurer; S. II. Llppln-
colt, secretary and general man
ager: j. Il. MOrrcll, O. H. Lewis, +.
II. Todd, r. r. Brown, I. G. West.
All officers and directors shall serve
until their successors are elected,
| If any vacancies occur among the
officers or directors the remaining
directors may fill such vacancies.
! The board of directors shall have
power to do generally all things III
! cident to the objects and purposes
Of this corporation.
ARTICLE V.
| The capital stock Of this corpor-
alton shall be one hundred and fifty
thousand ($i5O,OOOOO) dollars, dlvId-
ed into thirty thousand shares OF
the par value Of five dollars each.
1.-The stock shall be paid for in cash,
or upon such terms as may be fixed
by the board Of directors at the
time of subscription, or it may b'
issued for property, leases or ser
vices, the value of which shall b,
determined by the board OF direc-
tors. At least one thousand shares
Of the par value Of five dollars eacfl
shall be subscribed and paid for be
fore this corporation shall begll
business. No stakeholder shall be
liable or responsible for the con
tracts or faults of this corporation
lin any further sum than the unpalc
balance due on the shares Of stOcl
owned by him, nor shall any mere
h informality in organization have The
Irfrect of rendering this charter nu|
and void.
ARTICLE VI.
At all elections each share o
stock shall be entitled to one vote
stockholders may vote by proxy
duly authorized in writing; the rep
resentatives Of a majority OF tn
/, stock present shall constitute
quorum.
ARTICLE VII.
: This charter may be changed, al
tered or amended, or dissolved at
meeting convened for that purpos
with the consent OF three-fOurths 0
!, the subscribed stock Of the com
: pany represented at such meeting
Forty days notice in writing OF sue
!. meeting and the purpose for Whic
) llt is called shall be given eac
+ stockholder by mail, to be dlrecte
3 10 his last known postotfice. Notlr
g of such meeting shall be publlsf'e
Y in a newspaper published at Shreve
g port, La. In case Of dissolution {
: this corporation by limitation G
= otherwise, its affairs shall be llqu
: dated by three commissioners 81
G Iected by and from the stockhOidcI
y Of said corporation at a meet'l
i,,lled after due notice for that D,'l
al pose.
= 1)Ollt ullu SlHH'u dt Hiy '''''|
y said Parish and State, in the pre-
'. ence Of the undersigned legal WI
II nesses, who sign with me, said NJ
: tary, and said appearers, on this =
q Iav and date first above written,
i JUDGE J. S. STEEl
J. B. l.. MAHON.
G. ]. w. LONG
Id I. T. HALE.
q j. r. MORRET l..
to O. X. LEWIS.
|: F.. H. TODD.
rs r. F. BROWN.
n r. G.. WEST,
or by S. R. Llpplnco
of Attest. s. r .LIpplNCOTI.
m w. A. STEPHENS.
at F. NJ CLINE.
ne OTIS w. BULLDOGS
BIT Notary public Caddo PARISH, J
bt1 Having examined the fOregOi