The Caucasian., 1913-10-07

capital stock IS subscribed and PAID
for. The capital stock shall be pald
for in cash OF the same may be Is
sued at not less than par in payment
Or exchange for property Or rights
actually received or purchased by
The corporation or the same may De
is:Htd fully paid for money adj
Nanced and for such other valuable
consideration cor services as the
board Of directors may determines
provided that no stock shall be IS
sued until the consideration there
Tor shall have been received by the
No transfer Of stock
stall affect or be binding upon the
corporation unless made upon It's
hooks at its office in the City OF
Shreveport and then only on sur
render Of the certificate thereof,
provided further that no stockhold-
CT 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 cN-
tent Of lis said indebtedness.
ARTICLE y.
The corporate powers Of This cor
OOratiOn are hereby vested III ant
shall be exercised by a board Of dl-
rcclOrs 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 cOrpOr-
alton. The officers OF this corpora
lion sbaII be a president, q vice
president and scCretary-treaSurcl .
Who shall be elected annually by the
roard Of directors from among thrif
IVA number. The first board o. dl-
|ccctors shall be Lazarus Wise, Ch2S.
\. Bartsch and Jules Levy, with
Lazarus Wise as president, JUL $
Levy as vice president, and Charles
\, Bartsch as treasurer.
'hc said officers and directors sail
held Office until the first Monday IN
,c'ober 1914, or until their success
5nrs are elected and qualltiei. On
The first Monday in October 1914 aud
annually thereafter a board of dl-
rcctors shall be elected, unless sald
lay 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 electef
md qualified. Ten days prior notice
! # said election shall be given
either by publication in one Of the
newspapers published in the City oI
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 TIT
books of the corporation. Only one
method or mode Of notice shall be
required. A majority OF votes cas-
shall control the election. The boart
| If directors shall elect or appOln
such other officers, agents, en-.
/ plOyes, servants or clerks as it ma,
deem necessary for conducting tn
business of the corporation, fix tll'
| compensation and term of service
with the right to dismiss them a
the boards pleasure; and the sal'
i board shall have the right to fix AM
determine the salaries Of the sew
eral officers herein provided, an
shall have the power and authOrlt
| 10 establish branch offices Of tn
corporation at such other places i
1.-The State of Louisiana or elseWher
Ioutside of the City Of Shreveport a
lin rs opinion the business and con
yenience Of the corporation ma
Justify and require, and shall ii
the compensation of the agents an
employees thereof. A majority OF tn
board Of directors shall constitute
: quorum for the transaction Of bus
ness, NdCdllG1cS III Liic Doulh " -
, rcctors shall be filled by the remain
ing directors. All contracts for tn
purchase, sale, lease, mortgage
otherwise acquiring or disposing
real estate or rights therein must /
signed by both the president and tl
secretary-treasurer.
! ARTICLE VI.
n At all meetings Of the stocklolt
W ers of the corporation, except
! otherwise provided herein, cat
f share Of stock shall entltlc Il
n holder thereof, either in person
e by proxy, to one vote, and maJo
y ily Of votes cast shall control. al
It ten days prior notice Of such NEE
y ings shall be given by written II
d, tice mailed to each stakeholder
d record or by publication in a new
,s paper published in the CITY
il Shreveport, La.
'e ARTICLE VII.