The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-09
CHARTER
The Caddo Oil and Mining Como.r,
Limited.

" LOUISIANA, FarlSh of Caddo.
De IL known that this dav before me
David l Land, Notary Public in and
10! Saddo Parish, Louisiana, du,, COM
hhsSloned, qualified and sworn, came
ana appeared the several perons whose
names are hereunto subscribed. who de-
care, That, availing themselves O. lie
provisions OF Ac. No. 80 of 1888 of the
SIeherai Assembly Of the State of
LOUISIANA as well as those of the gen
eral laws of said State relative ia the
e'sailzation OF corporations, they have
formed themselves. their associates
and successors into a 0cornorat;o11 foT,
the OBJECTS and purposes and under the
agreements and stipulations herein
after set forth, which they hereby adoDt
as their charter.
ARTICLE /
ne name of this corporation shall
be the Caddo Oil and Mining Company.
Limited, and by that name it shall
nave the power and authority to enjoy
succession Tor 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. d.
rectors and agents as the interest of
the corporation may require. and 10
make such bylaws, and rules for the
proper management OF the affairs of
the corporation as may be necessary.
ARTICLE H.
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 otice of the
company according to law
ARTICLE III
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
dental to or appertaining to such a bust
ness.
ARTICLE ".
The capital stock of this corporation
Is hereby authorized to be Twenty
Thousand (S2oooo) 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 C. 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 c.
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
elect the directors, and in all elections
or proceedings of stock holders each
I share of stock present or represented
by written proxy, shall be entitled to
one vote Notice of all elections or
meetings of stockholders shall be adj
vertised zen days in daily Shreveport
paper; directors to be chosen at Office
of the company under Supervision of
three commissioners appointed bv the
directors from the stockholders.
ARTICLE VI.
Failures to hold an election for di-
ectors on day named shall not dissolve
the corporation, but the incumbent di-
Tectors shall hold over until their sue
lessons 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 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 shall have the pref
erence in purchasing all shares offer
ed 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 pay for
stock subscribed, it shall be optional
with the board of directors either to
ceclare the delinquent shares forfeited
to the corporation or to sue the sub
scriber for 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 TO Forty Thous-
and Dollars by a two-thirds vote of all
the stockholders at 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 purcha5e said stock, before it
IS offered to third persons.
ARTICLE TX.
his charter may be changed, amended
1or dissolved in any way (except to in
rNkrease 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
reDresented at general meeting of the
stoek-holders convened for this pur-
pose AFTER thirty. days previous notice
11fDi1clp1 Il.