The Caucasian. (Shreveport, La.) 1900-192?, 1913-10-07

OF DS proxy. j le tDPpOidlip1 Is dh-
thoriZed to begin business when ten
Thousand SIUUtUUU dollars OF the
capital stock IS subscribed and pad
for The capital stock shall be pal0
for in cash or the same may be is
sued at not less than par in payment
OF exchange for property Or rights
actually received or purchased by
The corporation or the same may be
iS.H, d fully paid for money adj
tanced and for such other valuable
consideration or services as the
hoard 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
hooks at its office in the City of
Shreveport and then only on sur
render of the certificate thereof,
pro, idpd further that no StOckhold-
II Shall transfer his stock until II"
has paid all indebtedness due the
corporation, and provided that saId
corporation shall have a lien ana
privilege upon said stock to the cX-
tent Of its said Indebtedness.
ARTICLE V.
The corporate powers Of Ibis cor
oOratiOn are hereby vested in and
shall be exercised by board of d.
rcctOrs 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
If the common stock of the cOrpor-
alton. The officers Of this corpora
ton shall be president, wee
president and Secretary-treaSureI.
AhO shall be elected annually by the
rOard Of directors from among th"!T
IVA number. The first board o. di-
sectors shall be Lazarus Wise, Ch2s.
\. Bartsch and Jules Levy, with
Lazarus Wise as president, JUL :
Levy as vice president, and Charles
\. Bartsch as OBSERVATION-DISCLOSURES.
The said officers and directors sail
held Office until the first Monday in
,c' ober 1914, or until their success
5ors are elected and qualltie i. On
The first Monday in October 1914 and
annually thereafter a board of dl-
rertOrs shall be elected, unless sad
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 i'll one OF the
newspapers published in the City OF
shreveport, La, Or by written notice
by mail addressed to each holder o!
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
If directors shall elect or appoint
such other officers, agents, en-
plOyes, servants or clerks as 1t 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, anr
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 It's opinion the business and con-
venience of the corporation may
| Justify and require, and shall fly
the compensation of the agents anc
employees thereof. A majority OF tn;
board Of directors shall constitute
/ quorum for the transaction of bust
ness; vacancies in the board OF d.
rectors shall be filled by the remain
ing directors. All contracts for the
| purchase, sale, lease, mortgage o
/ otherwise acquiring or disposlng o
real estate or rights therein must b'
signed by both the president and th'
secretary-treasurer.
ARTICLE VI.
At all meetings of the stockhold
rrs of the corporation, except a
; otherwise provided herein, cac
share of stock shall entltIe tn
] holder thereof, either in person Q
, by proxy, to one vote, and a mayor
7 ily of votes cast shall control; an
t ten days prior notice of such meet
: ngs shall be given by written no
|, lice mailed to each stakeholder G
/ record or by publication in news