The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-21
CHARTER
OF
OF
The Atlanta aud Shreveport
Oil and Gas Company,
Limited.

Limited.
| State of Louisiana, Parish of Caddo-
| Be 1t known that this day before
me, Allen Kendall a notary public in
and for Caddo Parish, Louisiana, duly
commissioned, qualified and sworn,
came and appeared the several persons
whose names are hereunto subscribed,
who declare, that availing themselves
of the provisions of Act No. 40 of 1888,
| of the General Assembly of the State
| of Louisiana, as well as those of the
General Laws of said state relative to
! the organization of corporations, they
have formed themselves, their assOci-
ates and successors into a corporation
for the objects and purposes and under
! the agreements and stipulatious here
matter set forth, which they hereby
adopt as their charter
ARTICLE I.
The rame of this corporation shall
/ be THE ATLANTA AND
SHREVEPORT OIL AND GAS
COMPANY, LIMITED" and by that
name it shall have the power and au-
, thOrity to enjoy succession for fifty
years, to contract, sue and be sued and
use corporate seal; to hole, purchase,
lease, sell and hypothecate property
real and personal; and to name man
ayers, directors and agents as the in
terest of the corporation mav require,
and,'to make such bylaws, and rules
/ fof the proper management of the aft
.Sairs of the corporation as may be
: necessary.
APTICT Z IT
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
jpresident. or in his absence at the Office
of the Company according to law.
ARTICLE III.
The object for which this corpora
ltion is organized is to develop Oil, Gas
or Minerals on any OF its property in
said parish or in the State of Louisiana
and to do all things incidental TO or
lappertaining to such business.
ARTICLE w.
The capital stock of this corporation
is hereby authorized to be One Hun
dred and Twenty Thousand ($I2o,ooo.
loo) Dollars, divided into Twelve Hun
ldred shares, at one hundred dollars per
share the sail 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 up.
ARTICLE Y.
The corporate powers of this cor
lporation 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-
Iclared to be F. NJ Greene, w. H. Wad-
kins, R. S. Allday, J. B. Roberts, s. A.
IWadkins, who shall serve until their
successors are chosen. The officers OF
this corporation shall be a president
Ivice-president, treasurer and secretary,
and the first of said officers are declar-
ed to be L. F. Allday, President; r. P.
lDunklin. e-President; NJ. 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
lof the stock present shall elect the di-
rectors, and in all elections or proceed
Iings of stockholders each share oil
lstock present or represented by written
lproxy, shall be entitled to one vote
IN Jtice of all elections or meetings oil
IHockholders shall be advertised ter
days in a daily Shreveport paper; di-
rectors to be chosen at Office of the
company under supervision of three
"Reminiscences appointed by the di.
Irectors from the stockholders.
ARTICLE vi
Failure to hold an election for d.
lrectors on day named shall not dissolve
1.-THE corporation, but the incumbent di
rectors shall hold over until their sue
lcessors are duly qualified and elected
Any vacancy in the board shall be fill
led by the remaining directors. The
ard of Directors shall have power tc
contract debts, borrow money, appoint
a general manager and do all things
necessary to carry out the objects ans
purposes of this corporation.
ARTICLE VII.
No sale of stock shall be binding OF
valid on this corporation until same
has been transferred on the books o.
the corporation, which have the prefer
lence in purchasing all shares Offered
IOI Sdlc. NO SlOChllOluti SldA- DS Id
bic on anv obligation of this corpora
ton, in any further sum than thu
amouEt of rrpaid balance on his stock
On failure of a stakeholder to pa,
for stock subscribed it shall he op
.ioaal 'Si'h the Rcar6 Of Directors CT
ther to declare .he delinquent shares
forfeited TO the corporation or to SUI
the subscriber for the price du'
thereon.
ARTICLE VIII.
This corporation is authorized to in
crease its capital stock to Two Hun
bred and Forty Thousand Dollari b!
a two-thirds vote of all the stockhOld
ers at a meeting held according to law
Such original stockholders shall hav
the right to participate in said increas
ed issue of stock in proportion to hold
ings of original stockholders, and il
default thereof the other stakeholder
shall first have a right to purchase salt
stock before it is offered to third per
sons.
ARTICLE TX.
This charter may be changed, amen
ded or dissolved in any way (excep
to increase or diminish its capital stock
which shall be done by vote of two
thirds of stock present) with the as
sent of three-fourths of the stock rep
resented at a general meeting of tn