The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-21

shall be issued, until consideration
therefor has been received by said
corporation and body polite. Any
stakeholder may sell, assign or
transfer his stock in this corpora
ton and body polite, provided thir-
Ity 800 days previous notice be
given the company, in writing. and
the other stockholders thereof shall
have the first privilege to purchase
the same, after which thirty go
days notice, the date of service and
the date of expiration not counted,
the said stock may be sold in the
open market. The aforesaid clause,
provision and limitation imposed
upon the stakeholder in the dispo-
sitiOn of his stock shall be printed
on the face of each certificate of
stock issued by the said corporation
and body polite, and shall be bind
ing upon purchaser as we'll as the
stakeholder The stock of said cor
poration and body polite may be
transferred under the above condi-
tons, provided such transfers
thereof be made on the books Of
said company at its office In the
City of Shreveport, Parish of Cad
do, State of Louisiana, its domicile,
and on surrender of the certificate
| thereof, and if this provision is not
complied with, no transfer of stock
shall be binding on said corporation
and body polite, and this clause and
provision of limitation shall also be
printed on the face of each certifi-
| cate of stick issued by said COM
pany. No transfer of any fractional
part of a share shall be made. This
| corporation and body polite shall
be authorized and shall commence
doing business as soon as one hun
dren and twenty-six thousand dol
lars of the capital stock thereof
shall have been subscribed and paid
for in cash or its equivalent as
aforesaid, and when all the manda-
tory, legal requisites of incorpora-
ton have been complied with.
ARTICLE ".
The corporate powers of this
company shall be vested in and eX-
ercised by a board of eleven "a
directors consisting of the presl-
dent, vice president. secretary
treasurer, and eight stockholders.
Six of said board shall constitute
quorum for the transaction of bust
ness, and their decisions shall be
valid corporate acts. The following
lpersons shall constitute the first
board of directors: J. ]. Hudson, t.
NJ. Hall, J. R. Castleberry, B. Can
non, w. B. Chenoweth, w. S.
Thompson, O. G. Richardson, J. L..
Pence and R. H. Guelich, and the
first officers of said corporation and
body polite shall be as follows: J.
J. Hudson, president; T. NJ. Hall,
vice president; and E. E. Grain, sec
retary-treasurer, who shall hold
their respective offices until their
successors are duly chosen and
elected as hereinafter set forth. No
person shall be eligible as director
or an officer who is not a stock
holder of this company. During the
absence of the president the vice
president shall act and preside. Said
board shall continue in office until
the second Monday of January in
the year nineteen hundred and
fourteen, on which date and there
after annually, the board of direc-
tors shall be elected on the second
Monday of January of each year,
Eunless the same shall be legal
holiday, when the election shall be
held on the next legal day thereaf-
ter. Notice of such election shall be
given by at least ten (10) days con-
tinuous publication Immediately
preceding each election, in one of
the daily English newspapers of
said corporations domicile; and the
board of directors shall appoint one
or more stockholders to preside at
such election as commissioners. In
the event of the failure of any COM
missioner or commissioners to at
tend, the president shall, by ap-
lpointment, fill the vacancy. Any
failure from any cause whatever to
elect directors the day named for
that purpose shall not dissolve the
corporation and body polite, but
the directors then in office, as we'll
as the officers of said company,
shall hold over until their success
sOrs are chosen. In such event the
president shall cause another cleo
ton to be held within thirty 800
days, and shall give notice thereof
as hereinbefore provided. At every
election and meeting ach stockhold-
er shall be entitled to one vote for