The Caucasian. (Shreveport, La.) 1900-192?, 1909-03-30
NUMBER "a

wells in the State of Louisiana or else
where, and to construct, maintain, own
and operate pipe lines or condaits 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 III said State Of Texas, or to
tSuch other points as may be selected by
Ythe 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 valuation
to be fixed by the board of directors.
ARTICLE ".
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 snail be president; W. H. Hunter.
who shall be vice president; s. S. Hun
ter, who shall be secretary-treasurer,
and ". H. Sedberry and J. D. VIII
kerson. Any vacancy in said board of
directors shall be filled by the remaining
directors electing a stockholder for the
lneNpired 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 hquidators shall perform such SER
vices and give such security as said
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
If its stockholders in amount at
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
oy its owner either in person or by
proxy. When not otherwise provided
oy law. all stockholders shall be noti-
he'd at least ten days prior to any meet
ing of stockholders by a letter ad-
dressed to them at their usual postof6ce
address, but nothing herein contained
shall prevent said stockholders from
notice of such meeting and con-
,enting to the holding thereof at an
earlier day.
ARTICLE VII.
No stockholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid balance
1ue on his stock. nor shall any mere in
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 q 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, IR.