The Caucasian. (Shreveport, La.) 1900-192?, 1909-01-14
CHARTER
OF TIE AYERS OIL COMPANY

State of Louisiana, Parish of Caddo
Before me, Frank J Looney, the under
signed authority. a notary public in and
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: X. 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 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
hereinafte0 set forth.
ARTICLE
The name of this corporation shaw be
AYERS OIL COMPANY" ant 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 e.1e same to break,
alter or amend at pleasure; and uridee
this name to hold, receive, purchase and
9Th. rwise acquire, to own, convey. sell
CT therwise dispose of, to lease, pledge.
mortgage or otherwise hypothecate,
property, Gao personal and mixed.
ARTICLE IL.
The domicil of this Corporation is
declared to be the ity of Shreveport,
Louisiana.
ARTICLE ~
The 0ature of the business o. We gar
ried on and the purpose for which this
corporation is established are A. 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 furtherancc of such objects and pur-
poses.
ARTICLE w.
The 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 2. S. Ayers as sec
retary-treasurcr. 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 SUBJ oi1cers ~
the interests of the corporation may re-
quirc, 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 fiji 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 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
stakeholder shall be liable for more than
the unpaid balance on the stock sub
scribed for by him, nor shall any mere
informally in organization have the ef-
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
Ill