The Caucasian. (Shreveport, La.) 1900-192?, 1920-01-11


where in the State % goeosiaaSo go
the majority Of 5g9 sWg 6oapS 0nag
determine.
Until the eleee65D 90 $40 daalgS os
directors on thG g@sQ Noa8as %
January, 1925 &h0 9sYlo@isse sSaD
constitute the hoer0 90 M,uesogs %
the said corporations g. GD Sa0agpse
] H. Saenger, ST. 60 YgiGfr2o 90. o.
Oliphant and S. q. MeSe5fp
The officers - che euO@aspgD
shall be presidea2D o f5sse oico gross
dent second vics- paasiGe9so sacse
tarv and treasusRD aB oS ssAoan 0ngs9
be stockholders 90 SIZE c@r8orssaoros
hut it shall COS 10 @oeessars
for an officer SoD 90 @ aiseaeoee
The 4 officers eS Ohio corYorssdoqos
who shall servo 0lnsiG eheiy suce
cessors are elected anR quafifie2p snaD
be A. D. Saengerg Presidens g. II.
saenger, First Fice Presideneo Franb
Allen, Second Vice gresidenes 81. O.
Trichel, Secretary end ". 70. Oliphans,
Treasurer. The TreasureU Of che coz
poration shall givo bonQ 600 ehe Path
full performance Of Ais dutiee in Che
sum Of Five Thousand G$S, OO090)
Dollars, the sureAg 90 be approSe8 Oy
che Board of Diragtogs oG che Cnrno.
ration.
ARTICLE e.
In addition Go che poweee AeCeaD
above vested in che eoraorzpioD enG
those covered by laws CHS corporation
shall have full peweD an0 authority
to purchase and GO SELF 90 sutn prices
and on such terms as 6es BoarO 90
Directors may dee@ DrepeG0 Qta
stock Of this corporseGong
No stakeholder in this oegD@aaioqD
shall have the right to seq oO 60 dahe0-
wise transfer any Of ais @toss phsree
in, without first having given go shis
corporation wrfttsp notocee 90
dressed to its Presidsnqs aivw& 60 De
the exclusive riglr9 ang oDtmm Goo g
period Of ten days Grom an6 after eee
ceipt of such noticze uehiD whdch Go
purchase said stock az Rars ana 6ha@
transfer, assignment eps etheE disp@
sition of such stock iD violations heaw-
of. shall be null and vsia aq1& che
Secretary shall have no rigfat go trans
fer same on the books Of Pie corpes-
ration.
This corporation shall also have the
right and power to enter into con-
tracts with such stockholders as are
employees or officers of this corpo
ration, to give to such employees
stock in the corporation, as bonus for
their services, and shall have the
power to enter into such contract rel
alive thereto, as the Board of Direc-
tors may deem proper, including the
right to agree with such employees to
purchase said stock at book value in
the event of the death of such en-
ployee, and all such conditions and
terms as may be entered into with
reference to stock held by such en-
ployees and officers as written upon
the face of the certificates of the
stock shall be binding, and shall
render such certificates non-nego-
table.
The books of the corporation shall
be audited at the end OF each calendar
year by public accountant, and
copies of such audit furnished each
stakeholder.
ARTICLE 6.
This charter may be amended or
the corporation dissolved by vote
Of two-thirds of its stock cast at a
meeting called for that purpose, and
at all stockholders meetings, each
share of stock shall be entitled to one
vote, to be cast by its owner in per-
son or by written proxy. When not
otherwise provided by law, notices of
all stockholders and directors meet
lngs shall be given by letter, address
Cd to such stakeholder or director at
hls usual post office address, ten
days prior to such meeting; but
nothing herein contained shall pre-
vent stockholders or directors, by
unanimous consent, in holding a meet ,
ing without any notice at all.
Whenever this corporation is dis
solved by limitation or otherwise, its
affairs shall be liquidated by one or
more ilquidators, to be selected by !,
tne stockholders, at meeting called
Ior that purpose, and said liquidators
snail have such powers to perform
suen duties and give such bond as
inc stockholders may direct.
ARTICLE Z.
no stakeholder of this corporation
shalI ever be held liable for contracts
@ faults thereof, in any sum greater
NAN the unpaid balance due on his
MOCK, nor shall any mere informali- I
yes have the effect Of rendering the
saarter null, or exposing any stock
holder to anv losS