The Caucasian. (Shreveport, La.) 1900-192?, 1901-08-07

and to make such bylaws, and rule
for the proper management of the af
fairs of the corporation as may b
necessary.
ARTICLE ii.
The domicile of this corporation
shall be in the City of Shreveport
Louisiana, and all citations and othe
legal process shall be served on tn,
president, or in his absence at the offic,
of the Company according to law.
ARTICLE III.
The object for which this corpora
ton is organized is to develop Oil, Ga!
or Minerals on any of its property il
said parish or in the State of Louisian;
and to do all things incidental 10 OF
appertaining to such business
ARTICLE ".
The capital stock of this corporation
hereby authorized to be One Hun
bred and Twenty Thousand ($I2o,ooo
oo) Dollars. divided into Twelve Hun.
bred shares, at one hundred dollars pei
share, the said stock to be paid for ir
full when subscribed in money or min.
eral lands and said corporation is au-
thorized to commence business when
Twelve Thousand Dollars (or I2C
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,
ce-president, treasurer and secretary,
and the first of said officers are declar-
ed to be L. +. Allday, President r. P.
Dunklin, Vice-President; M. 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
NItice of all elections or meetings of
bockholders 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 d.
rectors on day AIMED 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
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 shaH be liza
bic on anv obligation of this corpora
ton, in any further sum than the
amoCEt of rTpaid balance on his stock.
On failure of a stakeholder to pay
for stock subscribed, it shall be op-
ioaal Hi.h the Beard Of Directors ei
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 is capital stock to Two Hum
dred and Forty Thousand Dollar, b
two-thirds vote of all the stockfold
ers at a 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 |
lngs 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.
led or dissolved in any way (except
% increase or diminish its capital stock. |
which shall be done by vote of two
birds of stock presently with the as
tent OF three-fourths of the stock rep
SSShtOu al d kCncIdl InCeIlnR OF the
stockholders convened for this pur-
lose after thirty days previous notice
published in daily Shreveport paper.
Whenever this corporation is dissolved
" limitation or otherwise its affairs
hall be liquidated b. three commits
toner's elected at a stockholders meet
ng, who shall have full power to wind
Ip its affairs, settle its indebtedness
nd distribute the proceeds among the
tockholders.
Done and passed at my office in Cad
q Parish, Louisiana, in the presence
f k. K. Colquitt and w. T. Colquitt,
witnesses, on this 27th day
t June. Ammo Domino Nineteen hum
red and one (IooI.)
ALLEN Kendall.
Notary Public, Caddo Parish, La.
Attest:
!. K. COLQUITT.
V. T. COLQUITT.
L. F. ALLDAY,
r. S. ALLDAY,
by L. F Alld1V.
R. P. DUNKLIN,
w. II. watkins,
h.r NJ NJ D.,,sks 1