The Caucasian. (Shreveport, La.) 1900-192?, 1901-08-11
CHARTER
OF
The Atlanta aud Shreveport
Oil and Gas Company,
Limited.

State Of Louisiana, Parish of Caddo-
Be it known that this day before
me, Allen Kendall, notary public in
and for Caddo Parish, Loui-:ana, duly
commissioned, qualified and sworn,
came and appeared the several persons
whose names are hereunto subscribed,
who declare, that availing themselves
OF the provisions of Act No SO OF 1888,
OF the General Assembly of the State
OF Louisiana, az well as those of the
General Laws of said state relative to
the organization of corporations, they
have formed themselves, their associ-
| ateS and successors into a corporation
for the objects and purposes and under
the agreements and stipulations here
matter set forth, which they hereby
adopt as their charter
ARTICLE I.
The name of this corporation shall
be THE ATLANTA AND
HREVEPORT OIL AND GAS
COMPANY, LIMITED" and by that
name it shall have the power and au-
thority to enjoy succession for fifty
years, to contract, sue and be sued and
use corporate seal; to hold. purchase,
ease, sell and hypothecate property
real and personal; and to name man
ayers, directors and agents as the in
terest of the corporation mav require,
and to make such bylaws, and rules
for the proper management of the af-
fairs of the corporation as may be
necessary.
ARTICLE II.
The domicile of this corporation
shall be in the City of Shreveport,
Louisiana, and all citations and other
legal process shall be served on the
president, or in his absence at the office
of the Company according to law.
ARTICLE III.
The object for which this corpora
ton is organized is to develop Oil, Gas
or Minerals on any OF its property in
said parish or in the State OF Louisiana
and to do all things incidental to or
appertaining to such business.
ARTICLE ".
The capital stock of this corporation
hereby authorized to be One Hun
dred and Twenty Thousand ($I2o,ooo.
COZ Dollars, divided into Twelve Hun
dred shares, at one hundred dollars per
share, the said stock to be paid for in
full when subscribed in money or min
eral lalds and said corporation is au-
.thorized to commence business when
Twelve Thousand Dollars Cor 40
shares) are subscribed for and paid up.
ARTICLE V.
The corporate powers of this cor
poration shall be vested N board Of
directors composed of FIVE stock
holders who shall be electe annually
on the first Monday in May.
The first board of directors is de-
clared to be F. M. Greene, w. H. Wad-
kins, R. S. Allday, ]. B. Roberts, S. A.
Watkins, who shall serve until their
successors are chosen. The officers of
this corporation shall be president,
vice-president, treasurer and secretary,
and the first of said officers are declar-
ed to be L. F. Allday, President; R. P.
Dunklin. Vice-President; M. M.
Pruitt, Treasurer and ..............
Secretary, and they shall serve until
their successors are chosen and said
officers shall be elected annually on
said first Monday in May. A majority
of the stock present shall elect the di-
rectors, and in all elections or proceed
ings of stockholders each share of
stock present or represented by written
proxy. shall be entitled to one vote
N stice of all elections or meetings of
stockholders shall be advertised ten
days in a daily Shreveport paper: di-
rectors to be chosen at office of the
company under supervision of three
81 L. L. :.
rectors from the stockholders.
ARTICLE VI
Failure to hold an election for di-
rectors on day Timed shall not dissolve
the corporation, but the incumbent d.
rectors shall hold over until their sue
cessors are duly qualified and elected.
Any vacancy in the board shall be fill
ed by the remaining directors. The
card of Directors shall have power to
contract debts, borrow money, appoint
general manager and do all things
necessary to carry out the objects ami
urposes of this corporation.
ARTICLE VII.
No sale of stock shall be binding or
valid on this corporation until same
has been transferred on the books of
the corporation, which have the prefer
ence in purchasing all shares offered
for sale No stakeholder shaiI be liza
BILE on anv obligation of this corpora
ton, in any further sum than the
amoCEt OF rrpaid balance on his stock
On failure of stakeholder to pay
for stock subscribed, it shall be op-
tioaal -1i.h the Rcarc Of Directors ei
ther to declare he delinquent shares
forfeited TO the corporation or to sue
the subscriber for the price due
thereon.
ARTICLE VIII.
This corporation is authorized to in
crease It's capital stock to Two Hum
bred and Forty Thousand Dollar; b
a two-thirds vote of all the stoczhJld
ers at a meeting held according to law
Such original stockholders shall have
the right to particiOate in said increas-
ed issue of stock in proportion to hold
ings of original stockholders, and in
default thereof the other stockholders
shall first have right to purchase said
stock before it is offered to third per-
sons.
ARTICLE TX.
This charter may be changed, amen
ded or dissolved in any way (eXcept