The Caucasian., 1913-08-10

perform any and all things netes-
sary or proper to further The inter-
cst OF the said company and the
/ purpose for which or@alzogi. All
citations or other legal process saalI
hp served ou the presideut ~ ii ''Is
! absence on the sertetAry-lrea5urHr
at he office Of said coopdnN.
SECOND. ..5
The purpose for which jhs cor
poraIinn is formed and The nature
Of The business TO be carried on by
| it is declared to be the operating oG
a retail mercantile business and
such businesses as are allied there
to in the City of Shreveport and
such other cities or towns as said
board of directors may elect
THIRD.
The capital stock Of this corpora
ton is hereby fixed at fifteen thous--
and (S15, 100000 dollars, divided into
and represented by one hundred and
fifty shares of the par value of one
hundred ($iO00W dollars each, and
it shall be authorized to commence
business when five thousand dol
lars (s5,000.00) of it's capital stock
shall have been subscribed and paid
for. Any stakeholder shall have the
right of disposing Of his stock, but
before selling same to outsiders he
shall give written notice to the cor
poration, and for period of thirty
days after such notice the other
stockholders shall have the priv
lege of purchasing same a its mar
llet value; failing to avail them
selves of this privilege, he shall
have The right to dispose Of it as he
sees it All transfers of stock shall
be made on The books OF The corpOr-
alton and until 50 done shall be Of
no effect.
FOURTH
The corporate powers Of This cor
poratiOn shall be vested in and ex-
ercised by board of directors com
posed of three members, two OF
whom shall constitute a quorum for
the transaction Of all corporate bus
mess. Should vacancy occur in tt,e
board, those remaining shall fill the
vacancy by choosing stOckho]der
to fill the unexpired term. Said
board shall be elected annually on
the first Monday in January of each
year, beginning with the year 1914.
Each share of stock shall be entitled
to one vote to be cast in person or
by written proxy, and at all cleo
tions and meetings Of stockholders
a majority of votes shall elect Ten
days prior notice shall be given in
writing to stockholders of all spe-
clal elections or special meet
ings, the said notice to be
made to the usual postor-
flee address Of said stockholders.
The board Of directors shall elect
annually at its regular meeting Of
ficers Of the corporation, namely,
president, vice president, secretary
treasurer, who shall hold office un-
til their successors are elected and
duly qualified. The first board of di-
rectors of this corporation shall be
j. G. Foster, w. M. Hudson and |. H.
Teat. The officers of this corpora
tion shall be I. H. Teat, president;
J. c. Foster, vice president, and w.
M. Hudson, secretary-treasurer
FIFTH.
This charter may be changed,
modified or amended, it's capital
stock increased or decreased, at a
general meeting of the stockholders
convened for that purpose, after ten
days written notice given as above
provided Except in those cases
where longer notice is required by
law with the assent of three
fourths Of. the capital stock, either
present or represented by written
proxy. Should it b6deemed advis-
able to liquidate the affairs thereof,
it shall be done by two commission
ers elected by the meeting advising d
such liquidation, and should either
OF those elected be unable or fail for
any cause to act, the remaining shall
perform the necessary duties.
SIXTH.
No stockholder of this corporation
shall ever be held liable or respon-
slble for the acts, faults or contracts
of the same in any further sum than
the unpaid balance, if any. due on
the stock subscribed by him, nor
shall any informally in the forrna-
tion hereof have the effect of rem
dering this act void Or of exposing
any stockholder to any liability fur
ther than the unpaid balance due
by him for stock subscribed.
Thus done and signed in my office
in the Cjfy nf ShrevpnOJf Ia thie