The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-28

be " THE ATLANTA AND
] SHREVEPORT 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 hole, purchase,
lease, 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
tor the proper management of the af-
fairs 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 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 or 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 ($I2o,ooo.
oo) Dollars. divided into Twelve Hun
dred shares, at one hundred dollars per
share, the said stock to be paid for in
full when subscribed in money or min
eral lands and said corporation is au-
= fHA~tza1 a.
| 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 a 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. NJ. Greene, w. H. Wad-
kins, R. S. Allday J. B. Roberts, S. A.
Watkins, who shall serve until their
successors are chosen. The officers of
this corporation shall be a president,
vice-president, treasurer and secretary,
and the first of said officers are declar-
ed to be L. F. Allday, President; R. P.
Dunklin, Vice-President; NJ. 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 d.
rectors, and in all elections or proceed
ings of stockholders each share of
| stock present or represented by written
! proxy, shall be entitled to one vote.
N Btice 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 di-
rectors from the stockholders.
ARTICLE VI
Failure to hold an election for di-
rectors on day named shall not dissolve
the corporation. but the incumbent d.
rectors shall hold over until their sue
cessors are duly qualified and elected.
Any vacancy in the board shall be fill
ed by the remaining directors. The
card of Directors shall have power to
contract debts, borrow money, appoint
a general manager and do all things
necessary to carry out the objects 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 have the prefer
ence in purchasing all shares offered
for sale. No stocRholder shaH he la
bic on anv obligation of this corpora
ton, in any further sum than the
am oEEt OF rrpaid balance on his stock
nr. foelss~o Af
for stock subscribed, it shall be op-
.loa"l Nth the Rcarc Of Directors ei-
Their to declare he delinquent shares
forfeited to the corporation or to sue
the subscriber for the price due
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 stockh,,ld
ers at meeting held according to law.
Such original stockholders shall have
the right to particiDate in said increas-
ed issue of stock in proportion to hold
ings of original stockholders. and n
default thereof the other stockholders
shall first have a right to purchase said
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 PRESENT. with the as
sent of three-fourths of the stock rep
resented at general meeting of the
stockholders convened for this pur-
pose after thirty days previous snotice
published in a daily Shreveport paoer.
Whenever this corporation IS dissolved
BY limitation or otherwise its affairs
shall be hquidated b. three commits
sioners elected at a stockholders meet
ing, who shall have full power to wind
up its affairs, settle its Indebtedness
and distribute the proceeds among the
stockholders.
Done and passed at my Office in Cad
l. II.