The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-17
CHARTER
The Caddo Oil and Minins Combsnv
Lifiiited.


David l. Lard, Notary Public in and
: for Caddo Parish, Louisiana, duly com
misSloned, qualified and sworn. came
ana appeared the several perons whose
ames are hereunto subscribed, who de
care, that, availing themselves of the
PROVISIONS of Act No 90 of 1893 of the
/ Senerai Assembly of the State Of
Louisiana as we'll as those of the pen-
eral laws of SAID State relative IA The
organization of corporations, they have
formed themselves, their associates
and SUCCESSORS into a corporation for
/ the objects and purposes and under the
' agreements and stipulations herein
after set forth, which thy hereby adopt
! as their charter.
ARTICLE !.
The name of this corporation shall
be the Caddo Oil and Mining Cornpanv.
Limited, and by that name it shall
have the power and authority to enioy
| succession for ninety nine years. to
| 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. di-
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 office of the
company according to law.
ARTICLE ILL.,
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
entail to or appertaining to such bust
ness.
The capital stock of this corporation
S 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,
nd said corporation is authorized to
commence business when Two Thous-
and Dollars Cor Twenty Shares) are
subscribed for and paid up.
ARTICLE "
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 c. w. Lane, L. M. Carter, IKE |
aaron, ). B. Hicks and John Walling
Who shall serve until their successors
are chosen. The officers of this corpora
ion shall be 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
D. 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
1eetings of stockholders shall be adj
Vertised ten days in daily Shreveport
paper; directors to be chosen at office
ot the company under supervision of ]
hree commissioners appointed bv the
directors from the stockholders.
ARTICLE VI.
Failures to hold an election for d.
ectorS on day named shall not dissolve ,
he corporation, but the incumbent di-
ectorS shall hold over until their sue ,
.esSors are duly qualified and elected. :
ny vacancy in the board shall be :
He'd by the remaining directors. The
3oard of Directors shall have power
o contract debts, borrow money, ap-
oint general manager, and to do all
hings necessary to carry out the OBJ
ects and purposes of this corporation. +
ARTICLE VII.
No sale of stock shall be binding or
aid on this corporation until same :
as been transferred on the books of the !
which shall have the pref :
renee in purchasing all shares offer
d for sale. No stakeholder shall be !,
able on any obligation of this cor
Grafton in any further sum than the i,
mount of unpaid balance on his stock.
IN failure of a stakeholder to pay for :,
took subscribed, it shall be optional \
nth the board of directors either to 7
eclare the delinquent shares forfeited !,
D the corporation or to sue the SUBJ
criber for the price due thereon. All l1
took to be sold for not less than par. Z
ARTICLE VIII.
/ his corporation is authorized to in
rease its capital stock to Forty Thous- y
nd Dollars by a two-thirds vote of all
lie stockholders at a meeting held .
to law. Such original stock Z
Olders shall have the right to partici-
lite in said increased issue of stock &
proportion to holdings of original -
and in default thereof
e other stockholders shall first have =
right to purchase said stock, before it =
offered to third persons. :,
ARTICLE TX.
This charter may be changed, amended
+ dissolved in any way Except to in
ease or diminish its capital stock
hich shall be done by vote of two
irds of all stock present. with the
'sent of three-fourths Of the stock q
presented at general meeting of the Il
cV'vened for this pur- &c
'se after thirty days previous notice
lblished in daily Shreveport paper. n
'henever this corporation is dissolved | L
: limitation or otherwise its affairs
all be liquidated by three commission
S elected at a stockholders meeting,
10 shall have full power to wind up Z
J affairs, settle its Indebtedness and z
stribute the proceeds among the stock y
'lders. n
Done and passed at my Office in .
lido Parish, Louisiana, in the pres
&c of V. L. Land and R. L. Mayfeld. N
mpetent witnesses, on this the 4th -
" nf Iftraa A0no n1,,,..,. N.-oA-o.. |