The Caucasian. (Shreveport, La.) 1900-192?, 1905-03-19

1.-The corporation as may be necessary
ARTICLE II.
The domicile of this corporation snall
be in the city of Shreveport, LOUISIANA
| AMI all citations and other legal process
shall be served on the president, or III
his absence at the office of the company
according to law.
ARTICLE III.
! The object for which this corporation
is organized and the nature of the busi-
ness to be carried on by it, is as follows
| To develop oil, gas or minerals on any
| property, owned, leased Or controlled by
| it or others, in the state of LOUISIANA or
Elsewhere in the United States, and gen
orally to do all things in furtherance
thereof
! ARTICLE ".
! The capital stock of this corporation
is hereby fixed at twenty thousand dol
| lars, divided into two hundred shares
| at one hundred dollars per share, par
value, full paid and worcestershire, each
to be paid for in cash Or its equivalent
where subscribed for; and said corpora
ton is authorized to commence business
when one hundred shares of said stock
is subscribed and paid for.
ARTICLE V.
The corporate powers Of this corpora
ton shall be vested in board OF il-
rectors of five stockholders who shall
be elected on the first Tuesday in Feb
ruary, 1906, and annually thereafter. J. he
first board of directors is declared to be
W. l. Foster, w. c. Agurs, R. K. Col
quit, G. NJ Agurs and ]. w. White,
who shall serve until their successors are
chosen The officers of this corporation
shall be a president, vice president and
a secretary and treasurer, and the first
of said officers are declared to be K.
K. Colquitt, president; J. w. White,
vice president, and w. C. Agurs, secre-
tary and treasurer, and they shall serve
sliitl their successors are chosen, as here
in provided for. A majority of the stock
present shall elect the directors, AMI in
all elections or proceedings of stockhold
ers each share of stock present Or repre-
sented by written proxy shall be entitled
to one vote. Notice of all elections or
meetings of stockholders shall be adver-
tised ten days in daily Shreveport pa
per; directors TO be chosen at the office
of company.
ARTICLE vi.
Failure to hold an election for direc-
tors on the day named shall not dissolve
the corporation, but the incumbent di-
rectors shall hold over until their success
sors are duly qualified and elected. Any
vacancy in the board shall be filled by
the remaining directors The board of
directors shall have the power to con-
tract debts, borrow money, buy and lease
property, and to DO all things necessary
to carry out the objects and purposes
of this corporation.
ARTICLE VII.
No sale of stock shall be valid or |
binding on the corporation until the same
has been transferred on the books of |
the company; no transfer or sale of |
stock shall be made by any stakeholder
of this corporation without his giving
this company ten days notice of his in
tention to sell and giving the said cor
poration the preference of purchasing
same
No stakeholder shall be liable on any
obligation of this corporation in any fur
her sum than the amount of unpaid bal
ance on his stock. On failure of stock
holder to pay for stock subscribed it
hall be optional with the board of di-
'ectors either to declare the delinquent
shares forfeited to the corporation or to
lie the subscriber for the price due them
IN all stock to be sold for not less than
,ar.
ARTICLE VII.
This corporatlon is authorized to in
rease its capital stock by a two-thirds
ote of all the stockholders at a meeting
eld according to law, said original
tockholders shall have the right to par I
lcipate in said increased issue of stock
proportion to holdings of original
and in default thereof the I
Their stockholders shall have right to
urchase said stock before it is Offered I
, third person.
ARTICLE *.
This charter nay be modified, changed n
r dissolved, Or amended in any wav d
except to increase Or diminish it's capi- =
al stock) with the assent of three ourths
the stock represented at general
leeting of the stockholders convened for b
lis purpose, after thirty days previous t;
Office published in Shreveport paper. O
Whenever this corporation is dissolved O
y limitation Or otherwise its affairs n
nall be liquidated by three commission a.
S elected at stockholders meeting |p
no shall have full power to wind I'D o.
H.,