The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-26
CHARTER
The Caddo Oil and Mining Company
Limited.


OF
The Caddo Oil and Mining Company
Limited.
State of Louisiana, Parish of Caddo.
Be it known that this dav before me,
David T Land. a Notary Public in and
for Caddo Parish, Louisiana, duly coih-
missioned, qualified and sworn' Callle
and appeared the several perons whose
names are hereunto subscribed, VINO de-
clare, that, awaiting themselves OF the
provisions of Act No 80 OF 1888 OF the
General Assembly of the State OF
Louisiana as we'll as those OF the gen
eral laws of said State relative to the
organization of corporations, they nave
formed themselves, their associates
and successors into a corporation for
the objects and purposes and under the
agreements and stipulations herein
after set forth, which they hereby adopt
as their charter.
ARTICLE 1.
The name of this corporation shall
be the Caddo Oil and Mining Company,
Limited, and BY that name~-t shall
have the power and authority to ENJOY
succession for ninety nine years, 10
contract, sue and be sued, and use
corporate seal; to hold, purchase, lease,
sell and hypothicate property. real and
personal; and to name managers, Oh
rectors and agents as the interest oil
the corporation may require, and to
make such bylaws, and rules Tor the
proper management of the affairs 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 pro-
cess shall be served on the President
or in his absence at the ONCE OF the
company according to law.
ARTICLE III.
The object for winch this corporaticl
is organized is to develop oil, gas, OF
minerals on any of its property II
said parish; and to do all things incl
dental to or appertaining to SUCH bust
ness.
ARTICLE ".
The capital stock of this corporation
| is hereby authorized to be Invent.
Thousand (S2o,ooo) Dollars, divides
INTO Two Hundred Shares at On
| Hundred dollars per share, said stoc
TO be paid for in full when subscribed
and said corporation is authorized t
commence business when Two Thous
and Dollars Cor Twenty Shares) ar
subscribed for and paid up.
ARTICLE v.
The corporate powers of this col
poration shall be vested in Board c
directors compostd of FIVE STOCK
holders who shall be elected ar
nually on the first Monday in Ma.
The first Board of Directors is declal
ed to be (. w. Lane, L. M. Carter, TX
Barron, s. B. Hicks and John Wallln
Who shall serve until their successor
are chosen. The officers of this corpora
Ition shall be a president, vice-presiden
treasurer and secretary, and the mr.
of said officers are declared to be
Nv. Lane, President; 5. B. Hicks, Nic'
| President; L M. Carter, Treasurer an
Is. N. Kerley, Secretary, and they sha
serve until their successors are chose
and said officers shall be elected amt
ally on said first Monday in May.
majority of the stock present sha
elect the directors, and in all election
or proceedings of stock holders eaC
share of stock present or represente
by written proxy, shall. be entitled
one vote. Notice of all elections {
meetings of stockholders shall be az
yertised ten days in a daily Shrevepo
paper; directors to be chosen at ofhC
of the company under supervision {
three commissioners appointed bv Il
directors from the stockholders.
ARTICLE VI.
| Failures to hold an election for
ectors on day named shall not dissoll
the corporation, but the incumbent d
rectors shall hold over until their SUI
yessors are duly qualified and electe
ny vacancy in the board shall
filled by the remaining directors. III
Board of Directors shall have pow
to contract debts, borrow money, a
lpoint a general manager, and to do Z
things necessary to carry out the o
lects and purposes of this corporatio
ARTICLE VII.
No sale of stock shall be binding
valid on this corporation until san
has been transferred on the books of Il
corporation, which shall have the pre-
erence in purchasing all shares offe
ed for sale. No stakeholder shall
liable on any obligation of. this co
poration in any further sum than Il
amount of unpaid balance on his stoc
On failure of a stakeholder to pay f
stock subscribed, it shall be option
} with the board of directors either
J declare the delinquent shares forfeit,
to the corporation or to sue the su
scriber for the price due thereon. A
stock to be sold for not less than par.
ARTICLE VIII.
This corporation is authorized to j
crease its capital stock to Forty Thou
and Dollars by two-thirds vote of ;
the stockholders at a meeting he
according to law. Such original stoc
holders shall have the right to parti'
pate in said increased issue of sto
| in proportion to holdings of origin
stockholders and in default there
the other stockholders shall first ha
a right to purchase said stock, before
is offered to third persons.
ARTICLE TX.
This charter may be changed, amend
or dissolved in any way Except to
crease or diminish its capital sto
which shall be done by vote of tw
thirds of all stock present. with t