The Caucasian., 1913-12-07
9RYn1.H o.

10 hereby fixed o. tho City OF
shre>elsorte Ga1dco parssho t.ouie-
iano. Binder t0e eai1 corYoras
nalne 10 ehaq haee and 1onjpe, unless
sooner dissolved, o oorleorate sue
coseion OF uinety-nins yuare; aN8 1t
shall Asoe Che power 90 cue ond BE-
susdo 90 esceise, pDrclsase, nold
lease eello mortgage or hypothe-
este 0rUpsrts, reol on0 Dersonab o.
eelq % 20 enecalte aotse o. other
esi6enees OQ Indebtedness; to make
and adope euch Gs-laws, rules and
regulations as 10 maS deem proper
ana tas came % eltsr or abolish at
pleasure; 20 employ s,scs managers
osereeere, Glerke eerSaDts, en-
0lo.ee, etc, ss mas be considered
necessary or NroQsc, enG che same
to discharge; ond generally to 90 OIL
things necessary or Oroper 90 sure
thee dhe enterests OS Che sai0 COM
pany. Nll Gitsti0ne or other Legal
process shall DE served os the Ysree-
idens or ils ilie sbsence ON the seare-
qarse$reaeuIvp 06 the e0nNanye
ARTICLE lS.
Ehe 0bjecte onA purposes 9ot
which this corporation 10 organized
are hereby declared to be ihe ope-
rating and conducting general
planting business, a general stock
raising business, a mercantile busl-
ness, and such other businesses as
may be allied thereto or cOnsldered
profitable in connection Herewith
in Bossier Parish, La, and such
other places as the board of dlrec-
tors may elect.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at fifty thousand
(S5O.OO0.O0) dollars, divided into and
represented by five hundred shares
each of the par value of one hun
dred (s10o.OO) dollars, and this cor
poration may commence business
when fourteen thousand (Sl4,000.0Ol
dollars is subscribed and paid for.
No stock shall be issued and dellv-
cred until the consideration there
for has been received. All transfers
of stock shall be made on the books
of the company, and until so done
shall be Of no effect.
ARTICLE w.
The corporate powers of this cor
poration shall be vested in and ex-
ercised by a board of directors
composed of three members two OF
whom shall constitute quorum for
the transaction of business. Vacan-
cies shall be filled by the directors
from among the remaining stock
holders. Said board shall be elected
annually on the second Monday of
December of each year, beginning
with the year 1914. Each share OF
stock shall be entitled to one vote,
and may be cast in person or by
proxy, and majority of votes shall
elect. Ten days prior notice in writ
ing shall be given of all stockhold-
ers meetings, but such notice may
be waived by all stockholders sign
ing to that effect. The board of di-
rectors, at its annual meeting, shall
elect the officers for the ensuing
year, namely, president, vice
president and general manager, and
a secretary-treasurer. The first
board Of directors shall consist Of
J. D. Groesbeck, L. E. Tignor and
w. B. Wilbourne. The officers shall
be, for the first year, L. E. Tigner,
president; w. B. Wilbourne, vice
President and general manager; J.
D. Groesbeck, secretary-treasurer.
ARTICLE V.
This charter may be amended, its
capital stock increased or decreased,
at a general meeting of the stock
holders convened for that purpose,
after ten days written notice given
as above provided Except in those
cases where longer time is re-
quired by law with the assent of
three-fourths of the entire capital
stock. Should it be deemed advis-
able to liquidate the affairs of this
corporation, it shall be done by two
commissioners elected by meeting
o. the stockholders called for such
purpose.
ARTICLE VI.
No stockholder of this corporation
shall ever be held liable for the acts,
faults or contracts of same in any
further sum than the unpaid bal
ance, if any, due on the stock sub
scribed by him, nor shall any in
for hality in the formation hereof
have the effect of rendering this act
void or of exposing any stockholder
TO any liability further than the un--
paid balance due by him for stock