The Caucasian. (Shreveport, La.) 1900-192?, 1909-03-25
CHARTER
OF THE, LOUISIANA NAT
URNL GAS COMPANY.

URNL. GAS COMPANY.
State of Louisiana, Parish of Caddo: ;
BE it remembered that on the 22ud day
of March 1909. before me. John ID. Viii
kin>on. a notary public. personally came
and appeared ). ). Hunter. W. =.
Mccormick. W. II. Scdberry Of Mar
shall. Texas. and ] ID. Wilkcrson. res
idcnts OF said parish and State. and W.
H. Hunter. Il 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
themselves, as well as such other per
sons as may hereafter become associated
with them. into a corporation and body
corporate. and have adopted as their
charter the following. to-wit:
ARTICLE |.
The name of this corporation shall be
the LOUISIANA-TENAS NATURAL
GAS COMPANY. will, it's domicile at
the City of Shreveport i'll the Parish of
Caddo, Louisiana. and urder its cor
porate name it shall have and enjoy sue
ccssion for a period OF fifty years. un
less sooner dissolved as hereinafter pro
vided All legal process shall be served
on the president. or in his absence on
the vice president. or in the absence Of
both on the secretary and treasurer
ARTICLE IT,
The objects of this corporation and
the purposes for which it is formed are
hereby declared to be to own. acquire,
drill. lease or obtain gas lands or gas
wells in the State of Louisiana or else
where, and to construct. maintain, own
and operate pipe lines or conduits 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 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 of way as
may be necessary to etfcctuallv carry
out its purposes
ARTICLE I'LL
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 ii 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 i'll full. But no stock
shall issue until the sum is fully paid,
and may he issued for cash, for labor
or for property received at valuation
to he fixed by the board of directors.
ARTICLE ".
The affairs of this corporation shall
be managed and directed by a 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
III April 1910 the following shall COM
pose the board of directors of this cor
poration. to-wit: w. g. Mccormick.
who shall be president w. Fl. Hunter,
who shall be vice president: S. s. Hun
ter. who shall be sccretary-trcasurer,
and w. r. Sedberry and J. d. Will
kerson. Any vacancy III said board Of
directors shall be filled by the remaining
directors electing a stakeholder 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 a. said