The Caucasian. (Shreveport, La.) 1900-192?, 1909-01-17
CHARTER
OF THE AYERS OIL COMPANY.

Signed authority, a notary public in and
tor 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 NJ
NJ. Green and +. S. Ayers, residents of
Webster Parish, Louisiana, all to me
well known, who declared to me in the
presence OF the attesting witnesses, that
they desired to form and constitute a
corporation under the laws OF the State
OF Louisiana; and that they do hereby
form themselves and their successors
into a 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 |.
The name of this corporation shall be
AYERS OIL COMPANY" and by
this name it shall have power and au-
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
9Th. Twlse acquire, to own, convey, sell
or otherwise dispose of, to lease, pledge,
mortgage or otherwise hypothecate,
property, real, personal and mixed.
ARTICLE IL.
The domicil of this corporation is
declared to be the City of Shreveport,
Louisiana
ARTICLE III.
The nature Of the business to be car
ried 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 in 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 w.
The corporate powers of this cor
poration shall be vested in board of
directors composed of three stockhold-
ers. The directors shall elect a 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
A Green and F. S. Ayers, with R. S.
yers, as president; John M. Green as
Vice president, and :. S. Ayers as sec
retary-treasurer. All 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 officers as
the interests of the corporation may re-
quire, and make and establish such by
laws a. 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 ,
corporation.
ARTICLE " ,
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
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
feet of rendering this charter null or of
exposing a stakeholder to any liability {
beyond the amount of his stock.
ARTICLE vi.
The directors shall be elected by a :,
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
Of the stockholders shall constitute a
quorum. A majority of stock present
shall elect the directors. Special meet
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