The Caucasian. (Shreveport, La.) 1900-192?, 1907-03-24
ARTICLE III.

| Louisiana.
ARTICLE III
The nature Of the business TO be car
ried 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
| of Louisiana, or elsewhere III the United
States; to drill wells, sink shafts, mine
and manufacture and sell the products
| thereof; to construct, maintain and ope-
rate all necessary pipes and pipe lines
and generally to do any aud all things
necessary to be done in furtherance of
such objects and purposes.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in a board of
directors composed of seven stockhold-
ers. The directors shall elect a 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
be as follows: G. E. Gilmer, H. H. Whe-
less, w. B. Boggs, N. w. Sentell, R. z.
Wyche, J. R. Honeycutt and Alex R.
Macdonald. with G. f. Gilmer, presi-
dent; R. E 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 OH the president, or, in his alb
sence, at the office of the company.
The board of directors may appoint
such managers, agents or sub-dhcers as
the interests of the corporationI may re-
quire, and make and establish 1such 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
stockholders 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
and generally to do all things incident
to the object and purposes of this cor
poratipn.
ARTICLE V.
The capital stock of this corporation
shall be twenty THOUSAND (S2o,ooo.oo)
dollars, divided into eight hundred
shares of the par value of twenty-five
dollars each This stock shall be paid
for i'll cash, or its equivaent at the time
of its subscription, unless other terms
are allowed by the board of directors
At least four hundred shares of the par
value of ten thousand dollars shall be
subscribed and paid for before. this cor
poration shall commence business. No
stockhoder shall be liable for more than
the unpaid balance on the stock sub
scribed for by him, nor shall any mere
informally in organization have the eff
feet of rendering the charter null or of
exposing a stakeholder to any liability
beyond the amount of his stock.
ARTICLE VI.
The directors shall be elected by bal
lot at the regular meeting annually called
tor that purpose, or any meeting adj
Journed from same. AT all stockholders
meetings each share if stock shall be en-
titled to one vote; stakeholder may
vote by proxy. A majority of the stock
holders shall constitute a quorum A
majority of the stock present shall elect
the directors. Special meetings may be
called at the will of the president, or on
demand of three stockholders
The stockholders of this corporation
at a general meeting called for that pur-
pose on demand of one-half of the
stockholders may modify, change, alter
or amend or dissolve the corporation
with the assent of three-fourths of the