The Caucasian., 1913-10-14

taSt Ill person Dy lne Hoiuef tieitoi
or by proxy. The corporation is au-
thorized to begin business when ten
thousand (S1o,WO.QO) dollars Of the
capital stock is subscribed and paid
for. The capital stock shall be paid
for in cash or the same may be is
sued at not less than par in payment
or exchange for property or rights
actually received OF purchased by
the corporation or the same may be
is9utd fully paid for money ad-
Nanced and for such other valuable
consideration or services as the
board of directors may determine,
provided that no stock shall be is
sued until the consideration there
tor shall have been received by the
corporation. No transfer of stock
stall affect or be binding upon the
corporation unless made upon its
hooks at its office in the City of
Shreveport and then only on sur
render of the certificate thereof,
provided further that no stockhold-
er shall transfer his stock until he
has paid all indebtedness due the
corporation, and provided that said
corporation shall have a lien and
privilege upon said stock to the ex-
tent of its said Indebtedness.
ARTICLE V.
The corporate powers of this cor
poration are hereby vested in and
shall be exercised by a board OF di-
rectors composed of three stock
holders, provided that no person
shall be eligible as a director who IS
not the owner of at least one share
Of the common stock OF the corper-
alton. The officers Of this corpora
ton shall be a president, vice
president and secretary-treasurer,
who shall be elected annually by the
board of directors from among thr'r
own number. The first board OF dl-
"ectors shall be Lazarus Wise, Chas.
A. Bartsch and Jules Levy, with
azarus Wise as president, Jul'.s
Levy as vice president, and Charles
\. Bartsch as secretary-treascrer.
'he said officers and directors s''aIl
held office until the first Monday in
october 1914, OF until their succes-
5ors are elected and qualitie !. On
the first Monday in October 1914 and
annually thereafter a board of dl-
rertors shall be elected. unless said
day shall be a legal holiday, when
The election shall be held on the
first secular day following, and the
directors so elected shall hold office
until their successors are elected
md qualified. Ten days prior notice
If said election shall be given,
either by publication in one of the
newspapers published in the City OF
Shreveport, La, or by written notice
by mail addressed to each holder OF
common stock at his last known
place of address as shown by the
books of the corporation. Only one
method or mode of notice shall be
required. A majority of votes cast
shall control the election. The board
Of directors shall elect or appoint
such other officers, agents, EN-
| plOyes, servants or clerks as it may
deem necessary for conducting the
business of the efcorporatlon, fix the
| compensation and term of service
with the right to dismiss them a,
the boards pleasure; and the said
board shall have the right to fix and
determine the salaries of the sew
eral officers herein provided, anc
shall have the pewer and authority
| to establish branch offices of the
| corporation at such other places II
1.-The State Of Louisiana or elsewhere
outside of the City of Shreveport as
n its opinion the business and con-
yenience of the corporation ma!
Justify and require, and shall n,
the compensation of the agents ane
employees thereof. A majority OF thi
| board of directors shall constitute
quorum for the transaction Of bus'
ness; vacancies in the board OF di.
rectors shall be filled by the remain
ing directors. All contracts for thu
| purchase, sale, lease, mortgage o
otherwise acquiring or. disposing o
real estate OF rights therein must b.
signed by both the president and tn
| secretary treasurer.
ARTICLE vi.
At all meetings of the stockhoid
iers of the corporation, except a
. otherwise provided herein, eac
share Of stock shall entitle tn
! holder thereof, either in person O
: by proxy, to one vote, and major
: ity of votes cast shall control; an
ten days prior notice of such meet
ings shall be given by written nc