The Caucasian. (Shreveport, La.) 1900-192?, 1905-02-12

according to law. by the SAID
ARTICLE III In witne
| The obi ect for which thl. Darties to
is organized and the nature presence OF
ness to be carried on by It, IS signe4 attic
To develop oil, gas or nninehnd date fir
property. owned, leased Or eoihe late h
it or others. in the state of 10
elsewhere in She United States,
orally to do all things in Chr,
thereof.
ARTICLE ~.
The capital stock Of this corpora.
is hereby fixed at twenty Thousand o.
lars. divided into two hundred shares
at one hundred dollars per share, pa
value, full paid and worcestershire, eacA
to be paid for in cash Or its equiva7e@&
where subscribed for; SAd said corpora
ton is authorized to commence business
when one hundred shares n sol 4pcb
is subscribed and paid for.
ARTICLE y.
The corporate power ~ chic corpora
ton shall be vested ID boar6 OF ii
rectors OF five stockholders who shall
be elected on the first Tuesday IN Feb
rus ~, 1906, and annually thereafter 1he
first board of directors is declared to be
w. q Foster, w. e. Agurs, R. K. Co.
quit e. NJ. Agurs and ! u White,
who shall serve until their successors are
chosen. The officers of this corporation
shall be a PRESIDENT vice presidens and
secretary and treasurer, and the first
of said officers are declared to be R.
K. Colquitt, president; J. ". White,
vice president, and W. Z: Agurs. secre-
tary and treasurer, and they shall serve
until their successors are chosen, as We're
in provided for. A majority of the stock
present shall elect the directors, and 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
of stockholders shall be adver-
tised ten days in daily Shreveport pa
per; directors to be chosen at office of
company.
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
in the board shall be filled by
he remaining directors. The board of
directors shall have the power to con-
:ract debts, borrow money. buy and lease
property, and to da all things necessary
o carry out the objects and purposes
If this corporation.
ARTICLE VII.
{ No sale of stock shall be valid or
binding on the corporation until the same
las been transferred on the books of
he company; otransfer Or sale of
took shall be made by any stakeholder
# this corporation without his giving
his company ten days notice of his in
ention to sell and giving the said cor
oration the preference of purchasing
anne.
No stakeholder shall be liable ON any
obligation of this corporation in any fur
her sum than the amount of unpaid bal
nee on his stock. On failure TO stock
Older to pay for stock subscribed it
hall be optional with the board of d.
ectoTs either to declare the delinquent
hares forfeited to the corporation or to .
lie the subscriber for the price due them !
n all stock to be sold for not less than I
ar
ARTICLE VIII. :
This corporation is authorized to in G
ease its capital stock by two-thirds I
ote of all the stockholders at a meeting r
ED according to law, said original {
ockfolders shall have the right to par e
clpate in said increased issue. of stock
proportion to holdings of original
ockholders and in default thereof the
her stockholders shall have a right to a
rchase said stock before it is Offered d
third persons. o
ARTICLE TX ii
This charter may be modified. changed u
dissolved, Cir amended in any way
except to increase Or diminish its capi-
stock) with the assent of thre-fourths fl
the stock represented at general II
Getting of the stockholders convened for nj
is purpose, after thirty days previous a.
'tice published i'll a Shreveport paper.
henever this corporation is dissolved
limitation Or otherwise it's affairs
rtorm such duties as may be prescribed z
r them. G
ARTICLE III. n
No stakeholder shall ever be held la IL
Or responsible for the contracts or G
hts OF this corporation in any further
m than the unpaid balance due by him
the shares owned by him, nor shall
y mere informally in the organization ~
We the effect of rendering this charter =,
II Or of exposing any stakeholder to
y liability beyond the amount of his m