The Caucasian., 1909-04-27

CHARTER
OF THE LOU1SIANA-TEXAS NAT
URAL GAS COMPANY.

be II remembered that on the 22nd day
Of March 1909, before me, Albert l..
Alexander, notary public, personally
came and appeared S. S. Hunter, w. B.
Mccormick, w. H. Sedberry of Mat
shall. Texas, and J. d. Wilkerson, res
idcnts of said parish and State, and w.
II. Hunter. resident of the Parish of
Acadia, who stated and declared to me
notary that availing themselves of the
Constitution and laws of the State of
Louisiana relating to the formation of
corporations, they have formed and do
by these presents form and constitute
sons as a,ay hereafter become associated
with them, into corporation and body
corporate, and have adopted as their
charter the following, to-wit:
ARTICLE l.
The name of this corporation shall be
the LOUISIANA-tEXAS NATURAL
IGAS COMPANY. with its domicile at
Fthe City of Shreveport, in the Parish of
Caddo. Louisiana, and under its cor
pdeate name il shall have and enjoy Sue
cession for a period of fifty years, un-
less sooner dissolved as hereinafter pro-
videA. All legal process shall be served
on the president, or in Dis absence on
the vice president, or in the absence os
both, on Che secretary and treasurer.
ARTICLE II.
The objects Il this corporation and
tie purposes for which it is formed are
hereby Declared to be b own, acquire,
drill. lease or obtain gas lands or gas
wals u the State of Louisiana or else
where, and to construct, maintain. own
and operate pipe lines or conddits fos
the purpose of piping or transmitting
nat,6al gas to points in the State of
Lo,isiala or o 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 a way as
Day 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
thousanS shares Al the par value of one
huolred dollars oach 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 III 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 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 a 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. II. Hunter,
who shall be vice president; S. S. Hun
ter, whe shall be secretary treasurer,
and w. H. Sedberry and J. d. Will
kerson. Any vacancy in said board of
directors shall be filled by the remaining
directors electing a stockholder 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 three-fourths
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 letter ad-
dressed to them at their usual postoffice
address, but nothing herein contained
shall prevent said stockholders from
waving notice of such meeting and con-
Il S