The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-14

lpOratiOn shall be vested IN Board OF
directors compostd of Eve 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
2lrron, S. B. Hicks and John Walling
Who shall serve until their successors
are chosen. The officers of this corpora
ion shall be president, vice-president,
ltreaSurer 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 anG
IS. 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
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
;eetings of stockholders shall be ad-
vertised zen days in a daily Shreveport
paper; directors to be chosen at office
OF the company under supervision OF
hree commissioners appointed bv the
directors from the stockholders.
ARTICLE VI.
Failures to hold an election for di
ectors on day named shall not dissolve
he 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, ap-
point general manager. and to do all
things necessary to carry out the OBJ
Jects and purposes o. 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
ference IN purchasing all shares offer
d for sale. No stakeholder shall be
liable on any obligation of this cor
poration 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
eclare the DELINQUENT shares forfeited
TO the corporation or to sue the sub
scriber Tor the price due thereon. All
stock to be sold for not less than par.
ARTICLE VIII.
This corporation is authorized to in
crease its capital stock 10 Forty Thous-
and Dollars by two-thirds vote of all
the stockholders at a meeting held
according to law. Such original stock
holders shall have the right to partici-
pate in said increased issue of stock
IN proportion to holdings of original
stockholders and in default thereof
the other stockholders shall first have
a right. to purchase said stock, before it |
is offered to third persons.
ARTICLE TX.
This charter may be changed, amended
or dissolved in any way Except to in
crease or diminish its capital stock
which shall be done by vote of two
thirds of all stock present) with the |
assent of three-fourths Of the stock |
eDresented at q general meeting of the |
Stockholders convened for this pur- |
pose after thirty days previous notice
published in daily Shreveport paper.
Whenever this corporation is dissolved /
by limitation or otherwise its affairs
hall be hquidated by three commission
ers elected at a stockholders meeting.
who shall have full power to wind ND
its affairs, settle its indebtedness and
distribute the proceeds among the stock
holders.
Done and passed at my Office in
CadJo Parish, Louisiana, in the pres
ence Of V. L. Land and R. L. Mayfeld.
competent witnesses, on this the 4th
day of June Ammo Domini Nineteen
Hundred and One (IoC.D.
c. W. LANE.
DICK LINDSAY.
by c. w. Lane.
GEORGE HOLBROOK,
by C W. Lane.
S. B. HICKS,
by Z. w. Lane.
JOHN WALLING.
June 10 1901.
S. n. KERLEY.
ISAAC BARRON.
\ -'NOVIS > f
BY |. Barron.
PETER J. IRRELEVANT,
L. E. ETCHISON.
BY Leon NJ Carer.
A. Il. LEONARD,
NJ con M. C,rer.
LEON NJ. CARTER.
F. A. LEONARD.
DAVID T. LAND,
Notary Public.
Attest:
\. L. LAND,
RAY L. MAYFIELD.
Having examined the above charter
no finding nothing therein CONTRARY
o law, | approve the same.
JOHN R. LAND,
Dist. Atty. Ist Dist. of La. !
June 4, 1901.
Shreveport, La, June 4, 1901.
We hereby subscribe to the capital
tocK of the Caddo Oil and Mining i
,oFupany, Limited, the amounts placed !
ppesite our names.
, w Lane. ......5 shr a $Ioo $500 8
saac Barron 2 shr. a 100 200 8
y Slmon .........I shr. 100 100 Z
by Isaac Barron.
Ohm Walling .......5 shr. 100 SO !
N Heritv ........I shr. a 100 Iooi !,
con M. Carter .....2 shr a 100 2c6 Il
II Leonard .....I sh-. 100 100
By Leon M. Carter
Z Etchison .......2 sh.-. 100 zoo
lick Lindsay .-......I shr. 100 100 A
by c. w. Lane. D
60 Hol6rook ......I shr. a 100 100 G