The Caucasian. (Shreveport, La.) 1900-192?, 1907-03-03

years from and after the date hereof,
| to contract, she and be sued to make
and use corporate seal and same to
change and alter at pleasure; to hold,
receive, lease and purchase, ALLEVIATE and
convey as well as mortgage and hypoth-
ecate property, real, personal and mixed;
to name and appoint such managers, di-
rectors, officers and agents as the inter
est of such corporation may require and
to make and establish such bylaws,
rules and regulations for the proper
management Of the affairs of said cor
poration as may be necessary and prop
er. and the same TO alter at pleasure.
ARTICLE H.
| The domicile of this corporation shall
be i'll the City Of Shreveport, Caddo Par
ish, Louisiana, and all citations and 9TH
er legal process shalt be served OH the
president OF the corporation, or IN his
absence OH the vice president
ARTICLE Ill
| The purposes for which this corpora
ton is organized are declared to be the
buying leasing and selling of oil, gas
and mineral lands, the boring of wells,
development and exploitation Of such
lands, and the buying and selling of such
oil, gas and minerals and generally the
conducting Of such business in said
products as is usually done by such
companies.
! ARTICLE ~
The capital stock OK this corporation
is hereby fixed at the sum Of forty
thousand (S4oooooo) dollars, to be dl-
vided into four hundred shares Of the
par value of one hundred dollars each;
the corporation to begin business when
eight thousand ($8,oOoo) dollars of the
capital stock is paid in Said stock shall
be paid for in cash or III property IN its
equivalent in such manner as the board
of directors may determine.
ARTICLE v.
All corporate powers of this corpora
ton shall be vested i'll board Of direc-
tors to be composed OF four stockhold-
ers, which board.shall be elected annual
~ on the first Monday in January, be-
ginning with the year 1908. The first
board of directors shall be composed Of
10. H. P Sample, president: W. Is. Nc
Cormick, vice president; John P. Scott,
secretary and treasurer, and L. +.
Schun1pert The said board Of direc-
tors to serve until the first Monday III
january 1908, or until their successors
are duly elected. The directors shall be
elected by the stockholders each share
of stock to be entitled to one vote, to
be cast by its owner i'll person or by
proxy, and the majority OF votes shall
elect. The board Of directors may make
all such rules and regulations for the
management of the business as they may
!, deem necessary and eNpedient.
ARTICLE VI.
This charter may be modified, chang
ed or amended or said corporation dis
solved with the consent of three-fourths
Of the amount of capital stock represent
ed at meeting of. stockholders con-
vened for that purpose. There shall be
ten (1o) days notice Of such intended
meeting published in one of the daily
newspapers of the City of Shreveport,
OF notice of such meeting mailed to each
member by the secretary ten days before
the date of the meeting,
Whenever this corporation is dis
solved by limitation or otherwise, its at
; fairs shall be liquidated by two commits
sioners elected by the stockholders, who
: shall have full power to wind up its at
fairs, settle its liabilities and distribute
the proceeds among creditors and stock
holders.
ARTICLE VII
No stakeholder shall ever he held la
: bic for the contracts or faults of this
/ corporation i'll any further stun than the
r unpaid balance due to the company on
p by him: nor shall any mere informality
: in organization have the effect of rem
dering this charter null. Or of exposing
+ stakeholder to any liability beyond the
amount of his stock due by him as
aforesaid. All sales or transfers Of
stock must first be made on, the books
] of the company to be valid.
5 Done and passed in my Office in Caddo
Parish, Louisiana, in the presence OF
+ w. L. Young and w. P. Hall, compe-
i tent witnesses, OH this the Ist day Of