The Caucasian., 1907-02-10

selves of the provisions of Act No. 78
Of 1904, Of the General Assembly of the
State of Louisiana. as well as all other
statutes OF the State relative to the or
ganization Of corporations, they have
formed and do by these presents form
aud organize themselves into 4 corpora
tion for the objects and purposes and
under the ,tipulatons hereinafter set
forth which they do hereby accept las
their charter to-wit
ARTICLEpI.
The name and title Il thi, corporation
Shall be THE BIG FOUR OIL COM
PANH. BY that name It shall have
power and authority to have and enjoy
succession for the term of twenty five
wears from and after the date hereof;
to contract. sue and be sued; to make
and use a corporate seal and same to
change and alter at pleasure: to hold.
receives lease and purchase, allenate and
convey as we'll as mortgage and hypoth
ecate property real. personal and mixed;
to name and appoint such managers, dl-
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 rs may he necessary and prop
er and the same to alter at pleasure.
ARTICLE H.
The domicie of this corporation shall
be i'll the City of Shreveport, Caddo Par
ish, Louisiana, and all citations and 9TH
er legal process shall be served on the
president of the corporation, or i'll his
absence on the vice president.
ARTICLE III.
The purposes for which this corpora
ton is organized are declared to he the
buying. leasing and selling of oil. gas
ard mineral lands. the boring of wells,
Development and exploitation # 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 of this corporation
is hereby fixed at the sum of forty
thousand ($4oooooo) dollars. to be di-
vided into four hundred shares OF the
par value of one hundred dollars each:
the corporation to begin business when
eight thousand ($S.oooo) dollars of the
capital stock is paid in. Said stock shall
be paid for in cash or i'll property i'll its
equivalent in such manner as the board
of directors may determine.
ARTICLE v
All corporate powers of this corpora
ton shall be vested in board of direc-
tors to be composed OF four stockhold-
erS, which board shall be elected annual
" on the first Monday III January. be
ginning with the year 1908 The first
board of directors shall be composed Of
Q. II. p Sample. president: W T. Nc
Cormick. vice president; John 2. Scott,
secretary anaO)treasnrer. and T. Z
Schumpert he said board Of direc-
tors to ser,' 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 III 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 expedent
ARTICLE VI.
This charter may be modified, chang
ed or amended or said corporation dis
solved with the consent Of three fourtfs
of the amount of capital stock represent
ed at a- meeting Of stockholders con
vened for that purpose. There shall be
ten (IoC days notice of such intended
meeting published in one of the daily
newspapers Of the City of Shreveport,
or 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 bv limitation or otherwise. its af
fairs shall be liquidated by two commits
sioners elected by the stockholders, who
shall have full power to wind I'D its af-
fairs, settle its liabilities and distribute
the proceeds among creditors and stock
holders. "
ARTICLE VII.
No stockholder shall ever be held LA