The Caucasian. (Shreveport, La.) 1900-192?, 1901-08-21
CHARTER
OF
The Atlanta aud Shreveport
Oil and Gas Company,
Limited.

me, Allen Kendall, notary public IN
and for Caddo Parish, Louisiana, 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, as well as those of the
General Laws of said state relative TO
the organization of corporations, thy
have formed themselves, their asSia
ates and successors into a corporation
for the objects and purposes and usder
the agreements and stipulations here
matter set forth, which they hereby
adopt as their charter.
ARTICLE l.
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 may require,
and to make such bylaws, and rules
for the proper management of the af-
fairs of the corporation as may be
necessary. -Aa-AAxkA
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 ($I2oooo
oo) Dollars, divided into Twelve Hun
bred shares, at one hundred dollars per
share, the said stock to be paid for in
full when subscribed in money or min
eral lards 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 IN 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 a president,
Nce-president, treasurer and secretary,
and the first of said officers are declar-
ed to be L. F. Allday, President; R. P
Drnklin, 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
lings of stockholders each share of
stock present or represented by written
Iproxy, shall be entitled to one vote.
lN7tice 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
commissioners appointed by the d.
lrectors from the stockholders.
ARTICLE VI
Failure to hold an election for di-
rectors on day named shall not dissolve
the corporation, but the incumbent di-
rectors shall hold over until their sue
cessors are duly qualified and elected
Any vacancy in the board shall be fill
led by the remaining directors. The
card of Directors shall have power to
contract debts, borrow money, appoint
La general manager and do all things
Necessary to carry out the objects and
urposes of this corporation.
ARTICLE VII
No sale of stock shall be binding OF
valid on this corporation until same
has been transferred on the books oil
the corporation, which have the prefer.
ence in purchasing all shares. Offered
for sale. No stakeholder shall be liza.
bile on anv obligation of this corpora
Ftion, in any further sum than ths
IamoGnt of cLpaid balance on his stock
On failure of a stakeholder to pay
for stock subscribed, 1t shall be op
tiousl With the 1carc Of Directors ei
Their to declare the delinquent share
forfeited to the corporation or to sd.
the subscriber for the price du'
thereon.
ARTICLE VIII.
This corporation Is authorized to in
crease its capital stock to Two Hun
dred and Forty Thousand Dollar; b
two-thirds vote of all the stockhOld
!. ers at meeting held according to law
Such original stockholders shall hav.
the right to participate In said increas
ed issue of stock in proportion to hold
ings of original stockholders, and il
default thereof the other stakeholder,
) shall first have a right to purchase sale
stock before it is offered to third per,
sons.
ARTICLE TX.
This charter may be changed, amen
ded or dissolved in any way (except
to increase or diminish its capital stock
which shall be done by vote of two
thirds of stock presently with the as
sent of three-fourths of the stock rep.
resented at a general meeting of ths
stockholders convened for this pur.
Ipose after thirty days previous notice
published IN daily Shreveport paper
Wheneyer this corporation is dissolved
BY limitation or otherwise its affair.
shall be liquidated By three commits.
sioners elected at stockholders meet.
ing, who shall have full power to wind
up its affairs. settle its indebtedness
and Distribute f'se nrocnede nraonr ~.