The Caucasian., 1909-01-19
CHARTER
OF TIE AYERS on COMPANY

St;1e o9 Louisiana, Parish of Caddo
Before me, Crank ]. Looney, Che under
signed authority, . ootary public in ane
for Caddo Parish, Louisiana, at my Of
ice in the Cay o1 Shreveport, Louisiana
) came and appeared on the daae herein
after wsitten, the following: r. S. Ay.
ers, residenS ol Caddo Parish; John u
NJ. Green and F. S. Ayers residents o1
Webster Parish, louisiana, all % s1e
we'll known, who declared % ne N Che
presence oS the attesting Witnesses, that
they desired TO form and constitute q
corporation under Che laws ot Che STATE
of Louisiana; and ehas s1ey do hereby
form dlemselses and sheis euccessorl
into Q corporation and constitute the
same in compliance with Che provisions
and subject % che restrictions ol the
laws Of Che State q Louisiana govern
ing corporations and under she provie-
ions Of the articles Of incorporates,
hereinafter set forth.
ARTICLE !.
The name of this corporation shall be
AYERS OH COMPANY" and BY
THE name Il shall have power ana az
thority to have and enjoy succession for
the period Of ninetS-nine years; b con-
tract, sue and be sued; TO make and use
a corporate seal and Che sans 20 break,
alter or amend at pleasure; and under
this name 70 hold, receive, p.rchase and
o;h. rwise acquire, to own, convey, sell
CT ,,herwise dispose Of, 10 lease, pledge,
mortgage or Otherwise hypotheeate,
property, real, personal and mixed
ARTICLE II
The domicil Of this coreoration Is
declared 20 10 Che City Of Shreveport,
louisiana.
ARTICLE III
The nature Of Che business 70 be car
ried on end the purpose for which tais
corporation is established are Is sol
lows: 70 purchase, lease and sell lands;
to thine and bore 1oe oil, gas and othes
minesslA and to buy, sell and otherwise
deal IN Oil, gas and minerals, and 20 do
any and all things 1:cidental 60 Che pur-
poses above namedk, and generally % DO
an1 and all siings necessary @ be done
in (urshers1xe o& such objects and o1-
poses.
ARTICLE ".
The corporate powers of THE COZ
poration shall be vested in boaed Of
directoss composed of three stockhold-
'ers. The disedoss shall elect presi-
dent, vice president and secretary treas
urer, and shall prescribe the duties Of
each. Elections of directors shall take
place the first Tuesday of Decembes of
each year. The first board of directors
shall be as follows: r. S. Ayers, John
NJ. Green and F. S. Ayers, with R. S.
Ayers, as president; John NJ. Green as
vice president, and :. S. Ayers as sec
All officers and direc-
tore shall serve until ot1eir successors
are elected. Service Of all legal process
shall be made on the president or, in
his absence, on The vice president, o. in
the absence of president and vico psesi-
dent on the secretary al the
Office of che company.
The board OF directors ohall appoint
such managers, agents or sub-othcers as
the interests of the corporation may g.
quire, and make and establish such BY
laws as may be necessary and prope. for
the management and regulalioD of the
affairs of the corporation. 10 any va
cancies occur among the officers or d.
rectors, the remaining directors may\
select stockholders to gil the same The
board - directors shall have powes %
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.
ARTICLE V.
The capital stock Of this corporation
shall be twenty-five thousand dollars,
divided into $50 shares of the par value
of one hundred dollars each. The stock
shall be subscribed and paid for before
issued, and at least thirty shares of the
value of three thousand dollars shall be
subscribed and paid for before this cor
poration hhall commence business. No
stockholder shall be liable for more than
the unpaid balance on the stock sub
scribed for by him, nor shall any mere
informality in organization have the ef
feet of rendering this charter null or of
exposing a stockholder to any liability
beyond the amount of his stock.
ARTICLE VI.
The directors shall be elected by
ballot at the regular annual meeting
called for that purpose or any meeting
adjourned from the same. At all stock
holders meetings each share of stock
shall be entitled to one vote; stock
holder may vote by proxy. A majority