The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-05
CHARTER
The Caddo Oil and Mining Company
Limited.


State of Louisiana, PARISH of Caddo.
Be it known that this dav before me, |
David T Land, a Notary Public in and
for Caddo Parish, Louisiana, duly COM
missioned. qualified and sworn, came !
and appeared the several perons whose
names are hereunto subscribed, who de-
clare. that. avaiIifig themselves of the
provisions of Act No. 80 of 1893 of the
General AS emblye of the State OF
Louisiana as well as those of the gem
eral laws of said State relative to the
organization of corporations, they have
formed themselves, their associates
and successors into a corporation tori
the objects and purposes and under the
agreements and stipulations herein
after set forth which they hereby adopt
as their charter -..--.-~ -.--.--s
ARTICLE I.
The4lna1ne Of this corporation shall
he the Caddo Oiiand Mining Company,
Eimited and BY that name 1t shall
have the power and authority to enjoy
succession for ninety nine years, to
Fcontract, sue and be sued, and use a
corporate seal: to hold purchase, lease,
sell and hypothicate- property real-and
personal; and to name managers dl-
rectors and agents as the interest of
I 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-
Icess shall be served on the President,
i ~ f1,a
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 inch
dental to or appertaining to such bust
ness.
| ARTICLE ".
The capital stock of this corporation
lis hereby authorized to be Twenty
Thousand ($1oooo) 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-
land Dollars Cor Twenty Shares) are
subscribed for and paid up.
.-... ARTICLE V.
| The corporate powers of this cor
lporation shall be vested in a 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 {. w Lane, L. NJ Carter, Ike
Barron, S. B. Hicks and John Walling
who shall serve until their successors
| II, TIL ,Gr~are IS 41,tc
ton. shall be a president, vice-president,
treasurer and secretary, and the first
of said officers are declared to be {.
w. Lane. President ); S. B. Hicks, Vice
President; L M. Carter, Treasurer and
S. N. Kerley, Secretary and they shall
I serve until their successors are chosen
and said officers shall be elected annu-
Ially on said. first Monday in MAY. A
majority of the stock present shall
ielect 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
meetings of stockholders shall be adj
vertised ten days in a daily Shreveport
paper directors to be chosen at office
of the company under supervision OF
Il
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-
rectors shall hold over until their sue
cessors 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, APP
point a general manager, and to do all
things necessary to carry out the OBJ
Jects and purposes of this corporation
Il. - 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
operation 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
declare the delinquent shares forfeited
Ito the corporation or to sue the sub
scriber for the price due thereon. All
stock to be. sold for not less than par.
81. ARTICLE VIII.
| This corporation is authorized to in
crease its capital stock to Forty Thous-
and Dollars by two-thirds vote of all
1.-THE stockholders at a meeting held
according to law Such original stock
holders shall have the right to partici-
Ipate 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 purchase said stock, before it
lis offered to third persons.
/ ARTICLE TX.
This charter may be changed, amended
or dissolved in any way Except to in
crease or diminish its capital stock
which shall be done by vote of two
Thirds of all stock presently with the
assent of three-fourths of the stock
represented at a general meeting of the
stockholders convened for this pur-
Ipose 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 by three commission
ers elected at a stockholders meeting,
who shall have full power to wind I'D
its affairs, settle its Indebtedness and
distribute the proceeds among the stock
holders.