The Caucasian. (Shreveport, La.) 1900-192?, 1909-01-10
CHARTER
OF THE AYERS OIL COMPANY.

| State of Louisiana, Parish of Caddo
Before ME, Frank J. Looney, the under
signed authority, notary public in ane
for Caddo Parish, Louisiana, at my of
fee in the City of Shreveport, Louisiana
came and appeared on the date herein
after written, the following: R. S. Ay.
ers, resident of Caddo Parish; John M
NJ. Green and F. S. Ayers, residents OF
Webster Parish, Louisiana, all to me
we'll known, who declared to me in the
presence of the attesting witnesses, that
they desired to form and constitute a
corporation under the lave of the State
of Louisiana; and that they do hereby
form themselves and their successors
into corporation and constitute the
same in compliance with the provisions
and subject to the restrictions of the
laws of the State of Louisiana govern
ing corporations and under the provis-
ions of the articles of incorporation
| hereinafter set forth.
ARTICLE l.
The name of this corporation shall be
AYERS OIL COMPANY" and BY
this name it shall have power and att
thority to have and enjoy succession for
the period of ninety nine years; to con-
tract, sue and be sued; to make and use
corporate seal and the same to break,
alter or amend at pleasure; and under
this name to hold, receive, Purchase and
C;h, rwise acquire, to own, convey, sell
CT 'herwise dispose of, to lease, pledge,
mortgage or otherwise hypothecate,
property, real, personal and mixed.
ARTICLE II.
The domicil of this corporation is
declared to be the City of Shreveport,
louisiana
ARTICLE III.
The nature of the business to be car
RED on and the purpose for which this
corporation is established are as fol-
lows: To purchase, lease and sell lands;
to mine and bore for oil, gas and other
minerals, and to buy, sell and otherwise
deal i'll oil, gas and minerals, and to do
any and all things Incidental to the pur-
poses above named, and generally to do
any and all things necessary to be done
in furtherance of such objects and pur-
poses
ARTICLE ".
lie corporate powers of this cor
poration shall be vested in a board of
directors composed of three stockhold-
ers. The directors 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 December 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 M. Green as
vice president, and ?. S. Ayers as sec
retary-treasurer. Ali officers and direc-
tors shall serve until 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
the absence of president and vice presi-
dent. on the secretary-treasurer, at the
office of the company.
The board of directors shall appoint
such managers, agents or sub-oslcers as
the interests of the corporation may re-
quire, and make and establish such by
laws as may be necessary and prope. for
the management and regulation of the |
affairs of the corporation. II any va
cancies occur among the officers or d. |
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 !
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
in organization have the eff
fecteof rendering this charter null or of
stockholder to any liability
beyond the amount of his stock.
ARTICLE vi.
: The directors shall be elected by a
ballot at the regular annual meeting
:alled for that purpose or any meeting
ld;ourned from the same. At all stock
holders meetings each share of stock