The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-08
CHARTER
OF THE LOU1SIANA-TEXAS NAT
URAL GAS COMPANY.

OF March 1900. Dtiolc iliS, tAlpSil l.
Alexander. notary public, PERSONAL,
came and appeared S. s. Hunter. w. b
Mccormick, W. H. Sedberry Of Mar
shall, Texas. and ] D. Wilkerson, res
idents Of said parish and State, and w
| II. Hunter, a 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
J Louisiana relating to the formation OF
corporations, they have formed and do
by these presents form and constitute
themselves, as we'll as such other per-
sons as may hereafter become associated
with them, into corporation and body
corporate, and have adopted as their
charter the following, towit:
ARTICLE I.
The name of this corporation shall be
the LOUISIANA-TEXAS NATURAL
GAS COMPANY. with it's domicile at
the City of Shreveport, in the Parish Of
Caddo, Louisiana, and under its cor
porate name it shall have and enjoy Sue
cession for period of fifty years, I'M
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 II.
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 condaits for
the purpose of piping or transmitting
Louisiana or to points in the State of
Texas. and particularly to the City OF
Marshall in said State of Texas. OF 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 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 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. H. Hunter,
who shall be vice president; S. S. Hun
ter, who shall be secretary-treasurer,
and W. H. Sedberry and J. D. VIII
kerson. Any vacancy in said board of
directors shall be filled by the remaining
directors electing stakeholder for the
unexpired term.
ARTICLE V.
| Whenever this corporation is dis
solved by limitation or otherwise, its
affairs shall be liq,,idated 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 bt
amended and the capital stock increased
or diminished or this corporation may
be dissolved by vote of threefourths
of its stockholders in amount at Z
stockholders meeting called for tha
purpose in accordance with the laws o.
the State of Louisiana, and at all stock
holders meetings each share of stool
shall be entitled to one vote to be cas-
by its owner either in person or b,
proxy. When not otherwise provided
lby law, all stockholders shall be mott
lied at least ten days prior to any meet
: ling OF stockholders by a letter ad
ldressed to them at their usual postoffic
address, but nothing herein containe
: shall prevent said stockholders fror
waving notice of such meeting and con