The Caucasian. (Shreveport, La.) 1900-192?, 1907-10-24

trolled by it Or others in the State of
Louisiana, or elsewhere in the United
States: to drill wells and sell the pro-
duct thereof; to construct, maintain and
operate pipe lines for conveying oil, gas
Or other products from such wells TO
Shreveport, La, and other points in the
United States, and generally to do any
and all things necessary to be done in
furtherance Of such objects and pur-
poses.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in board Of direc-
tors composed OF three stockholders.
The directors shall elect president, vice
president and secretary-treasurer, and
shall prescribe the duties of each.
Elections of directors shall take place
the second Monday of September OF each
year
The first board OF directors shall lie
as follows: c. W. Lane, f. J. Looney
and I. r. Lawhon; with c. w. Lane as
president; F. J Looney, vice president,
and Z. R. Lawhon secretary treasurer
All officers and directors shall serve I'M
till their successors are elected Service
of all legal process shall be made on the
president, or, in his absence on the vice
president, or, in his absence, on the sec
retary-trcasurer, at the Office OF the com
parry.
The board Of directors shall appoint
such managers, agents or sub-otflcers 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 va
|cancies occur among the officers or di-
rectors, 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 exchange, notes, bonds, drafts and
other negotiable paper; execute mort
cages and generally to do all things in
cident to the object and purposes of this
corporation.
ARTIVLE V.
The capital stock of this corporation
shall be thirty thousand dollars, divided
into three hundred shares of the par
value of one hundred dollars each This
stock shall be paid for in cash or its
equivalent at the time of its subscription
At least one hundred shares of the
par value of ten thousand dollars shall
be subscribed and paid for before this
corporation shall commence business
No stakeholder shall be liable for more
than the unpaid balance on the stock
subscribed for by him, nor shall any
mere informally in organization have
the effect of rendering this charter null
Or of exposing stakeholder to any liza
bility beyond the amount of his stock
ARTICLE VI.
The directors shall be elected by bal
lot at the regular annual meeting called
for that purpose or any meeting adj
journed from same.
At all stockholders meetings each
share of stock shall be entitled to one
vote; stakeholder may vote by proxy.
A majority of the stockholders shall
constitute quorum A majority of the
stock present shall elect the directors.
Special meetings may be called at the
pleasure of the president, or OH demand
of three stockholders.
The stockholders of this corporation
at general meeting called for that pur
pose on demand of three stockholders
may modify, add to, alter or amend, or
dissolve the corporation with the assent
of threefourths of the stock represented
at such meeting.
This shall not apply to increasing or
decreasing the capital stock, which is
done under "pecial laws.
Ten days written notice of any meet
ing shall be given by the secretary.
If dissolution be determined on a ma
jority of the stock present shall select
three liquidators at the meeting so de-
and shall provide for filling
any possible vacancies among said
liqaidators.
In testimony of the above articles of
in the presence of the at
testing witnesses and before me, notary,
the above named incorporators have
hereunto set their names.
Done and passed at my Office in
La, this let day of Sep
.ember A. D. 1907.
c. w. LANE,
Z. R. LAWHON.
FRANK T. LOONEY.