The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-22

cession for a period of fifty years, un-
less sooner dissolved as hereinafter pro-
vided All legal process shall be served
on the president, or i'll his absence on
the vice president, Or i'll the absence OF
both, on the secretary and treasurer.
ARTICLE II.
The objects of this corporation and
tie purposes for which it is formed are
hereby declared to be to own. acquire
drill, lease or obtain gas lands or gas
wells in the State of Louisiana or else
where, and to construct, maintain. own
and operate pipe lines or conddlts for
the purpose of piping or transmitting
natural gas to points in the State OF
Louisiana or to points in the State of
Texas, and particularly to the City of
Marshall in said State of Texas, or to
such other points as may be selected by
the board of directors. and to that end
to acquire, lease or own such real estate
or other property or right of way as
may be necessary to effectually carry
out its purposes.
ARTICLE III.
The capital stock of this corporation
is fixed at the sum of three hundred
thousand dollars, divided into three
thousand shares of the par value of one
hundred dollars each, and it shall be-
come fully organized and be authorized
to do business whenever its capital stock
is fully subscribed for, and one-third
thereof is paid in full. But no stock
shall issue until the sum is fully paid,
and may be issued for cash, for labor
or for property received at a valuation
to be fixed by the board of directors.
ARTICLE w.
The affairs of this corporation shall
be managed and directed by board of
directors consisting of five stockholders
who shall be elected annually at gen.
eral stockholders meeting called for that
purpose on the first Monday in April
of each year, and the said stockholders
SO elected shall elect their own officers
and shall hold their Office until their Sue
cessors are duly elected and installed,
Until the election on the first Monday
in April 1910 the following shall COM
pose the board Of directors Of this cor
poration, to-wit: W. B. Mccormick,
who shall be president W. H. Hunter,
who shall be vice president; S, S Hun
ter, who shall be secretary -trea surer,
and W. H. Sedberry and J. d. Viii
kerson Any vacancy in said board of
directors shall be filled by the remaining
directors electing stakeholder for the
unexpired term.
ARTICLE V.
Whenever this corporation is dis
solved by limitation or otherwise, its
affairs shall be liquidated by two per-
sons selected for that purpose at a
stockholders meeting duly held, and
said liquidators shall perform such ser
vices and give such security as said
stockholders may determine.
ARTICLE VI.
This act of incorporation may be
amended and The capital stock increased
or diminished or this corporation may
be dissolved by vote of threefourths
of its stockholders in amount at a
stockholders meeting called for that
purpose in accordance with the laws of
the State of Louisiana. and at all stock
holders meetings each share of stock
shall be entitled to one vote to be cast
by its owner either in person or by
proxy. When not otherwise provided
by law, all stockholders shall be noti-
fed at least ten days prior to any meet
ing of stockholders by a letter ad-
dressed to them at their usual postofhce
address, but nothing herein contained
shall prevent said stockholders from
waving notice of such meeting and con-
senting to the holding thereof at an
earlier day
ARTICLE VII.
No stakeholder of this corporation
2
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid balance
due OH his stock, nor shall any mere in
formality have the effect of rendering
this charter null or of exposing stock
holder to any loss beyond the amount
of his stock.
In testimony whereof said parties
have hereunto signed their names in
presence Of me notary and the under
signed attesting witnesses on the date
first in the beginning written as the
| date hereof.
S. S. HUNTER.
w. B. MCCORMICK.
w. H. HUNTER, JR.