The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-30

| OF bN prONN. i nc corporation IS at-
| lhOriZed to begin business when ten
| thousand 100000 dollars Of the
capita! stock IS subscribed and pad
| for. The capital stock shall be palG
| 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 or purchased by
IL corporation Or Tie same may BE-
~s;i 4 fully paid Ter money adj
Nlnrrd and Tor such other valuable
sldr1'atlon or services as lie
hOATI Ut directors may determine,
provided hat no stock shall be Is
sued until the consideration there
for Shall have been received ny he
corporation. NO transfer OF stock
SHALL affect or be binding upon The
corporation unless made upon It's
books al its Office in The City al
Shreveport and then only on sur
render Of The certificate thereof
DION i,led further that no Stuckhuld-
er Shall transfer his stock until lie
has paid all indebtedness due he
corporation, and provided That said
corporation shall have a lien and
privilege upon said stock to Tile tx
tent Of its said indebtedness.
ARTICLE Y.
The corporate powers Of this cor
pnr;i ION are hereby vested in ana
shall be exercised by board Of di-
rcctors composed of three stock
holders, provided that 10 person
shall ~ eligible as i director who IS
not the owner Of at least one share
Of The common stock Of the cOrpOr-
alton. The officers of this corpora
ton shall BE- a president, a Vice
president and a sccretary-treaSurer
Nho shall hr elected annually by he
board Of directors from among tllr'l
nWl number. The first board o. d.
rrtors shall! be Lazarus Wise, Ch2>
\. Bartsc}l and jules Levy. with
| &Zarlls Wise as president Jul: 5
levy as Wee president. and Charles
y. BartSth as OBSERVATION-DISCLOSURES
'hr said officers and directors sail
held office until The first Monday III
&c cher 1914 or until ;leir slicr,'s-
sors are elected and quall!ie !! On
the first Monday in October 1871 and
annually thereafter a board OF ii
rertors shall be elected unless SAID
LAY Shal: be a legal holiday, NJ i,,n
HE election shall be held on tho
first secular day following, and the
directors 50 elected shall hold Office
until their successors are elected
ana qualified. Ten days prior notice
Of 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 al his last known
place OF address as shown BY the
books Of the corporation. Only one
method or mode Of notice shall be
required. 4 majority Of votes cast
shall control the election. The board
Of directors shall elect or appoint
such other officers. agents, en-
ploves. servants or clerks as it may
deem necessary for conducting the
business Of the corporation fix the
compensation and term Of service,
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, and
shall have the power and authority
to establish branch offices OF the
corporation at such other places III
the State OF Louisiana or elsewhere
outside Of the City Of Shreveport as
in its opinion the business and con-
venicncc of the corporation may
Justify and require, and shall fix
the compensation OF the agents and
employees thereof. a majority Of the
board of directors shall constitute 4
quorum for The transaction Of busi-
ness: vacancies in the board Of di-
rectors shall be filled by the remain
ing directors. All contracts for the
purchase. sale, lease, mortgage or
otherwise acquiring or disposlng OF
real estate or rights therein must be
signed by both the president and the
socretary-treasurer.
ARTICLE VI.
At all meetings of The stockhold-
ers Of the corporation, except as
otherwise provided herein each
| share Of stock shall entitle the
| holder thereof, either in person or
by proxy, to one vote, and a major
lty OF votes cast shall control: and
ten days prior notice Of such meet
ings shall be given by written no
tice mailed to each stakeholder OF
record or by publication in news
| manor D1lhiiShnd in tho (Ity OF