The Caucasian., 1907-03-28
ARTICLE o.

authority to have and enjoy succession
for the period OF ninety-lline years; 20
contract size and be sued; to make and
use a corporate seal and the same D.
break, alter and amend at pleasure; and
under this name TO hold, receive, our
chase and otherwise acquire, to own,
convey. cell or otherwise dispose o4, to
lease, pledge, mortgage or otherwise
hypotfecate property, real, ,eerson1 and
mixed.
ARTICLE ~
The donncile of this corporation is Dc
clared to be in the City 90 Shreveport,
Louisiana.
ARTICLE III.
The nature Of the business TO De car
rled on and the purposes for which this
corporation is established are as fol
lows: To develop oil, gas or other min
erals on any property owned, leased or
controlled by it or others in the State
IF Louisiana, or elsewhere in the United
States; to drill wells. sink shafts, mine
and manufacture and sell the products
5hereof; to construct, maintain and ope-
rate all necessary pipes and pipe lines
and generally to do any and all things
necessary to be done in furtherance of
such objects and purposes.
ARTICLE w.
he corporate powers of this cor
poration shall be vested in board of
directors composed of seven stockhold-
ers. The directors shall elect presi-
dent, vice president. secretary and
treasurer, and shall prescribe the duties
Of each. Elections shall take place on
the first Tuesday of February in each
year The first board of directors shall
De as follows: G. F. Glmer, H. H. Whe-
less, w. B. Boggs, N w Sentell, r. E.
Wyche, J. R. Honeycutt and Alex r
Macdonald. with G. F. Gilmer, presi-
dent; R. F. Wyche, vice president; W.
B. Boggs, secretary; N. W. Sentell,
treasurer. All officers and directors shall
serve until their successors are elected
Service Of all legal process shall be
made on the president or, in his alb
sence, at the office of the company.
The board of directors may appoint
such managers, agents or sub-oficers as
The interests of the corporation may re-
quire, and make and establish such by
laws as may be necessary and proper for
the management and regulation of the
affairs of the corporation, If any vacan-
cies occur among the officers or direc-
tors, the remaining directors may select
to fill the same. The board
Of directors shall have power to borrow
and lend money: to issue bills of ex-
change, notes, bonds, drafts and other
negotiable paper; execute mortgages
md generally to do all things incident
9 the object and purposes of this cor
)oration.
ARTICLE V.
The capital stock of this corporation
hall be twenty THOUSAND ($2o,ooooo)
lollars. divided into eight hundred
shares of the par value of twenty five
lollars each. This stock shall be paid |
or i'll cash, or its equivaent at the time |
# its subscription, unless other terms |
re allowed by the board of directors |
1t least four hundred shares of the par |
alue of ten thousand dollars shall be |
ubseribed and paid for before this cor
oration shall commence business. No
tockhoder shall be liable for more than
he unpaid balance on the stock sub
cribed for by him, nor shall any mere
1formallty in organization have the eff
ect of rendering the charter null or of
xposing stakeholder to any liability
eyond the amount of his stock.
ARTICLE VI.
The directors shall be elected by bal
IT at the regular meeting annually called
or that purpose, or any meeting ad-
burned from same. AT all stockholders
eetings each share if stock shall be en-
tied to one vote; stockholder may I,
ote by proxy. A majority of the stock
0lders shall constitute a quorum A i
ajority of the stock present shall elect .
e directors. Special meetings may be ,
He'd at the will of the president, or on .
,mand of three stockholders
The stockholders of this corporation !;
general meeting called for that pur- \
'se on demand of one-half of the
oekholders may modify, change, alter
amend or dissolve the corporation
til the assent of three-fourths of thel