The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-23
CHARTER
OF

lie NduuO vi dllQ MILLING SOlAiPoAAy
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 COM
and appeared the several perons whose
names are hereunto subscribed, who de-
clare, that, avaling 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 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 I.
The name of this corporation shall
be the Caddo Oil and Mining Company,
Limited, and by that name 1t shall
have the power and authority to enjoy
succession for ninety nine years, to
contract, sue and be sued, and use
corporate seal; to hold, purchase, lease.
sell and hypothicate property real and
personal; and to name managers, dl-
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 otnce of the
company according to law.
ARTICLE III.
The object for which this corporaticn
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 ESQ, 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 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 {. 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 president, vice-president,
treasurer and secretary, and the first
. of said officers are declared to be {.
, 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 May A
majority of the stock present shall
e elect the directors, and in all elections
e or proceedings of stock holders each
{ share of stock present or represented
/. by written proxy, shall be entitled tC
! one vote. Notice of all elections OF
. meetings of stockholders shall be ad-
,, vertised ten days in a daily Shreveport
j paper; directors to be chosen at office
: of the company under supervision OF
I three commissioners appointed bv the
S directors from the stockholders.
I ARTICLE VI.
: Failures to hold an election for di-
. 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 BIZ
filled by the remaining directors. The
e Board of Directors shall have power
4 to contract debts, borrow money, ap.
point a general manager, and to do al
|, things necessary to carry out the OBJ
$ jects and purposes of this corporation
ARTICLE VII.
. No sale of stock shall be binding O,
= valid on this corporation until sam,
has been transferred on the books of III,
corporation, which shall have the pref
/ erence in purchasing all shares offer
|. ed for sale. No stakeholder shall 5,
liable on any obligation of this cor
4 poration in any further sum than tn
+ amount of unpaid balance on his stock
On failure of stakeholder to pay fo