The Caucasian. (Shreveport, La.) 1900-192?, 1913-03-23


ton to commence business when
ever three thousand 0dollars shall
have been subscribed and paid in.
Stock NAY be paid for in cash, or in
property, rights and credits, in such
manner as the board of directors
may determine, provided no stoc!.
shall be issued until it is paid for.
ARTICLE V.
The powers of this corporation
are hereby vested in a board of dl-
Irectors to be composed of three
stockholders, who shall be elected
annually on the first Monday in
January, beginning with the year
1914, and the directors so elected
shall hold office until their success
sors are elected and qualified. The
first board of directors shall be
Charles Reed, J. A. Stephenson and
J. B. knighton. The officers of this
Corporation shall be a president, a
vice president and a secretary
treasurer, who shall be elected an
nually by the board of directors
from among their number, and
whose power and authority shall be
fixed and established by bylaws to
be adopted by the board of direc-
tors. The first officers are hereby
declared to be Charles Reed, presi-
dent; J. B. knighton, vice president;
and J. A. Stephenson, secretary
treasurer, and said officers shall
serve until their successors are
elected and qualified. The board OF
directors shall have full power to
fill all vacancies among the officers
or on the board itself. At all meet
ings of stockholders for the election
of directors, or. for any other pur-
pose except to increase OF to de-
crease the capital stock three
fourths of the stock present or rep
resented at such meeting shall con-
troll, each share Of stock to be en-
titled to one vote, which may be
east in person or by proxy in writ
ing. Notice of all elections and of
the meetings of stockholders shall
be published ten days in advance in
any one of the newspapers pub
lished in the City of Shreveport, La,
except where otherwise required by
law, which shall be taken as full
notice.
ARTICLE vi.
This charter may be altered or
amended, or the corporation dis
solved, by a vote of three-fourths
of the capital stock at stock
holders meeting called for that pur-
pose, after due notice given, as
above provided, and according to
law. Whenever the corporation is
dissolved by limitation or otherwise,
its affairs shall be liquidated by two
commissioners elected by the. stock
holders, who shall have full power
to wind up its affairs and to distri-
butte the proceeds among its credit
ors and stockholders.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable for the
contracts or9faults of the corpora
ton in any further sum than the
unpaid balance due the corporation
on shares of stock owned by him,
nor shall any informally or irregu-
larity in organization have the eff
feet of rendering this charter null,
or of exposing any stakeholder TO
any liability beyond such unpaid
balance.
Done add passed at my office n
the City of Shreveport, Caddo Par
ish, La, in the presence of the I'M
dersigned legal and competent wit
nesses, on the day and date first
above written.
CHARLES REED.
J. A. STEPHENSON. |
J.B. KNIGHTON.
Attest:
C. B. PROTHRO.
E. B. HERNDON JR.
OTIS w. BULLOCK,
Notary Public.
State of Louisiana, Parish of Cad
do: Having examined the foregoing
charter of the Charles Reed Realty
and Assurance Company, and find
ing nothing therein contrary to law
hereby approve the same. This 9Th
lay of March 1913.
w. A. MABRY,
District Attorney.
Endorsed: Filed and recorded
March 8, 1913. SO. WILLIAMS,
Deputy Clerk and ex-Officio Deputy
Recorder.
State of Louisiana, Parish of Cad
10: l hereby certify that the above
md foregoing is a true and correct
,opy of the original act, as the same
low appears on file and of record in
ny Office. Given under my hand and