The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-17
CHARTER
OF
The Atlanta aud Shreveport
Oil and Gas Company,
Limited.


be 1t known that this day befor
me- Allen Kendall, notary public II
and for Caddo Parish, Louisiana. dull,
commissioned, qualified and sworn
came and appeared the several person
whose names are hereunto subscribed
who declare, that awaiting themselye
of the provisions Of Act No 20 of 1879
of the General Assembly of the Stat,
of Louisiana, as well as those of ri,
General Laws of said state relative te
tie oTgsnlza liOn OF corporations. The,
nave formed themselves, their sssoci
ates and successors into a corporation
for the objects and purposes ana under
the agreements and stipulations here
matter set forth, which they hcrcb,
adopt as their charter
ARTICLE l.
The Eame OF this corporation shall
be THE ATLANTA AND
SHREVEPORT OIL AND GAS
COMPANY, LIMITED" and by that
name 1t shall have the power and au-
thority to enjoy succession for fifty
years, to contract, sue and be sued aad
use corporate seal; to hold, purchase,
lease, sell and hypothecate property
real and personal; and to name mar
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 aft
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
tion IS organized is to develop Oil, Gas
or Minerals on any OF its property in
said parish or in the State of Louisiana
aid to do all things incidental to or
appertaining to such business
ARTICLE ".
The capital stock of this corporation
IS hereby authorized to be One Hun
dred and Twenty Thousand (SI2o.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-
thorized to commence business when
Twelve Thousand Dollars Cor 40
shares) are subscribed for and paid ND.
ARTICLE V.
The corporate powers of this cor
poration shall be vested in a board of
directors composed of fFe stock
holders who shall be electe annually
on the first Monday in May
The first board of directors is de-
clared to be +. 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, President; NJ. NJ |
Pruitt, Treasurer and ...............
Secretary, and they shall serve until |
their successors are chosen and said |
officers shall be elected annually OH |
said first Monday in May. A majority |
of the stock present shall elect the di- |
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 |
NJtice 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.
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 di-
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
;csrd of Directors shall have power to
contract debts, borrow money, appoint
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 stakeholder shall be liza
bic on anv obligation of this corpora
ton, in any further sum than the
amoUEt OF rrpaid balance on his stock.
On failure of stakeholder to pay
for stock subscribed, it shall be OPP
tioaal with the Bcard Of Directors Ell
Their to declare The 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 Hum
bred and Forty Thousand Dollars by
a two-thirds vote of all the stocllhold
ers at meeting held according to law.
Such original stockholders shall have
the right to participate in said increase
ed issue of stock in proportion to hold
ings of original stockholders, and in
default thereof the other stockholders
shall FIRST have 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 presently with the as
sent of three-fourths of the stock rep,
resented at a general meeting of the
stockholders convened for this pur- /,
pose after thirty days previous notice
published in a daily Shreveport paper.
Whenever this corporation is dissolved
by limitation or otherwise its affairs
shall be liquidated b. three commits
sioners elected at a stockholders meet I
ing who shall have fttIl novver 70 xv,nd .