The Caucasian. (Shreveport, La.) 1900-192?, 1905-02-28

forth, which they hereby adopt as theil
charter.
ARTICLE I.
The name of this corporation shall b.
Lou Allen Oil Company, Limited, and
by that name it shall have the power and
authority to enjoy succession for ninety.
nine years. to contract, sue and be sued
aHI use corporate seal; to hold, pur-
chase, lease, sell and hypothecate. prop
|erty, real and personal; and to name
managers, directors and agents as the
interest of the corporation may require
and to make such bylaws and rules fol
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 process
shall be served on the president, or in
his absence at the office of the company
according to law.
ARTICLE 1T.
The object for which this corporation
is organized and the nature of the bust
ness to be carried on by it, is as follows
To develop oil gas or minerals on any
property, owned, leased or controlled by
il 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 il, cash or its equivalent
where subscribed for: and said corpora
ton is authorized 10 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 Ii, i board of ii-
rectors OF five stockholders who shall
be elected on the first Tuesday in Feb
raary. 1000, and annually thereafter. The
FIRST board Of directors is declared to be
w. L. Foster, w. G. Ag,ars. r. K. Col
quit, q. NJ. Agurs and ]. w. White,
who shall serve until their successors are
chosen. The officers Of this corporation
shall be president, vice president and
/ secretary and treasurer, and the first
81 said officers are declared to be r..
&. Colquitt, president; ]. w. White,
vice president, and w. c. Agurs, secre-
Iary and treasurer, and they shall serve
until their successors are chosen, as here
q provided for. A majority Of the stock.
present shall elect the directors, and in
II elections OF proceedings Of stockhoid-
rs each share Of stock present or repre-
vented BY written proxy shall be entitled
o one vote. Notice Of all elections OF
meetings of stockholders shall be adver-
Used ten days in daily Shreveport pa
Ter; directors to be chosen at the Office
il company
ARTICLE VI.
Failure to hold an election for direc-
ors on the day named shall not dissolve
hc corporation, but the incumbent d.
ectors shall hold over until their success
ors are duly qualified and elected. Any
zacancy in the board shall be filled BY
he remaining directors. The board Of
directors shall have the power 10 con-
ract debs, borrow money, buy and lease
'ruperty. and to do all things necessary
3 carry out the objects and purposes
I this corporation.
ARTICLE VII.
No sale Of stock shall be valid or
hiding on the corporation until the same
IS been transferred on the books Of
g company no transfer or sale Of
lock shall be made By any stakeholder
I this corporation without his giving |
" company ten days notice Of his in
sntion to sell and giving the said cor
Grafton the preference oil purchasing
l111c.
No stockholder shall Be liable on any
litigation Of this corporation il any fur
ger sum than the amount Of unpaid bal
nee on his stock. On failure Of i stock
older to pay for stock subscrihed Il
aall Be optional with the beard 81 di-
sctms either 10 declare The delinquent
lares forfeited To tic corporation or III
4 TIE subscriber for the price dive the,,,
j ~ stock 10 he sold for not less than
&.
ARTICLE vIII.
This corporation IS authorized is iu-i
'ease is capital stock 81 two-thirds
IS ST ~ the stockholders Il / naeetinxl
~ acccx1inG n ~. sid orisinal |
aciholdefs al.ali have she risht Is per-l
sipste N said incs "a isstI N No.
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