The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-12
CHARTER
The Caddo Oil and Mining Company
7 limited

BE il known that this day before me,
David T. Land, Notary Public IN and
for Caddo Parish, Louisiana, duly COM
missioned, qualified and sworn, came
and appeared the several perons whose
names are hereunto subscribed, who de-
clare, that, availing themselves OF the
provisions of Act No. SO of 1893 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 have
formed themselves, their associates
and successors into corporation tor
the objects and purposes and under the
agreements and stipulations herein
after set forth, which they hereby adopt
as their charter.
ARTICLE /.
The name of this corporation snail
be the Caddo Oil and Mining Company,
Limited, and by that name 1t snali
have the power and authority to ENJOY
succession for ninety nine years, 10
contract sue and be sued, and use a
corporate seal; to hold, purchase, lease,
sell and hypothicate property. real and
personal; and to name managers, oil.
rectors and agents as the interest OF
the corporation may require, and to
make such bylaws, and rules for 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 which this corporation
is organized is to develop oil, gas, or
minerals on any of its property IN
said parish; and to do all things incl
dental to or appertaining to such bust
ness.
The capital stock of this corporation
is hereby authorized to be Twenty
Thousand ($2o,ooo) Dollars, divided
into Two Hundred Shares at One
Hundred dollars per share, said stock
to be paid for in full when subscribed,
and said corporation is authorized to
commence business when Two Thous-
and Dollars Cor Twenty Shares) are
subscribed for and paid up.
ARTICLE v.
The corporate powers of this cor
poration shall be vested in a Board of
Directors compostd of FIVE stock
holders who shall be elected an
nually on the first Monday in May.
The first Board of Directors is declar-
ed to be c. W. Lane, L. NJ Carter, Ike
Barron, S. B. Hicks and John Walling
who shall serve until their successors
are chosen. The officers of this corpora
ton shall be a president, vice-president,
treasurer and secretary, and the first
of said officers are declared to be c.
w. Lane, President; S. B. Hicks, Vice
President; L M. Carter, Treasurer and
s. N. Kerley, Secretary, and they shall
serve until their successors are chosen
and said officers shall be elected annu-
ally on said first Monday in Nav. A
majority of the stock present shall
elect the directors, and in all elections
or proceedings of stock holders each
share of stock present or represented
by written proxy, shall be entitled to
one vote. Notice of all elections or
meetings of stockholders shall he adj
vertiSed ten days in a daily Shreveport
paper; directors to be chosen at Office
of the company under supervision of
three commissioners appointed bv the
directors from the stockholders.
ARTICLE VI.
Failures to hold an election for d.
ectors on day named shall not dissolve
the corporation, but the incumbent di-
rectors shall hold over until their sue
-essors are duly qualified and elected. |
ny vacancy in the board shall be
filled by the remaining directors. The
Board of Directors shall have power
to contract. debts, borrow money. an
point general manager, and to do all |
things necessary to carry out the oh |
Iects and purposes 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 shall have the pref- |
erence in purchasing all shares offer
ed for sale. No stakeholder shall be |
liable on any obligation of this cor
ooration in any further sum than the
amount of unpaid balance on his stock.
On failure of stakeholder to paw for
stock subscribed, it shall be optional
With the board of directors either to
declare the delinquent shares forfeited
o the corporation or to sue the sub
'criber for the price due thereon. All
stock to be sold for not less than par.
ARTICLE VIII.
This corporation is authorized to in
'rease Its capital stock to Forty Thous-
md Dollars by two-thirds vote of all
ne stockholders at meeting held
lccording to law. Such original stock
FOLDERS shall have the right to part;c;-
ate in said increased issue of stock
n proportion to holdings of original
tock-holders and in default thereof
ne. other stockholders shall first have
right to purchase said stock, before it
offered to third persons.
ARTICLE TX.
This charter may be changed, amended
II dissolved in any way Except to in
rease or diminish its capital stock
'hIch shall be done by vote of two
birds of all stock oreseDtl LET -