The Caucasian. (Shreveport, La.) 1900-192?, 1910-10-09

Shall De SGIFeu Oh llc pl ESluSllI VI ia
his absence at the Office of the company
according to law.
ARTICLE III.
The object for which this corporation
is organized and the nature of the bust
ness to be carried on by it is as follows
To develop minerals, oil, gas or coal on
any property owned, leased or controlled
by it or others, in the State Of Louis
lana or elsewhere in the United States
and Mexico, and generally to do all
things i'll furtherance thereof.
ARTICLE ".
The capital stock of this corporation
is hereby authorized to be two hundred
and fifty thousand dollars, divided into
two hundred and fifty thousand shares
at one dollar per share, par value, full
paid and non assessable, each to be paid
for in cash OF its equivalent where sub
scribed for, and said corporation is au-
thorized to commence business when
twenty thousand shares of said stock is
subscribed and paid for.
ARTICLE v.
The corporate powers of this corpora
ton shall Be vested in a board Of direc-
tors of eleven stockholders, who shall
be elected and serve the first two years,
and be elected annually thereafter on the
second Tuesday in August. The first
board of directors is declared to be A..
R. Coonber. ]. Q. Killer, r. v. Cook,
J. w. Peyton. [. E. Stokes. A. A. Camp
bell, i. w Langston, ]. B. Embrey, o..
G. Cathey, G. T. Talbot and ]. NJ. Wat
son, who shall serve until their success
ofs are chosen. The officers of this
company shall be president, vice presi-
DENT and general manager and secre-
tary and treasurer, and the first of said
officers are declared to be A. r. Coon
Der, president; ]. @. Killer, vice presi-
dent and general manager, and R. v.
Cook, secretary and treasurer, and they
shall serve until their successors are
chosen. And said officers shall be elect
ed annually after the first two years on
said second Tuesday in August. A ma
jority of the stock shall elect the direc-
tors, and in all elections or proceedings
Of stockholders each share of stock pres
.ent or represented by written proxy shall
be entitled to one vote. Notice of all
elections or meetings of stockholders
shall be advertised ten days in daily
Shreveport paper directors TO be chosen
at Office of company.
ARTICLE VI.
Failure to hold an election for direc-
tors on the day named shall not dissolve
the corporation. but the incumbent di-
rectors shall hold over until their sue
cessors are duly qualified and elected.
Any vacancy in the board shall be filled
by the remaining directors. The board
of directors shall have the power to con-
tract debts. borrow money and do all
things necessary to carry ott the objects
and purposes of this corporation.
ARTICLE VII.
No sale of stock shall be valid or
binding on the corporation until the
same has been transferred on the books
of the company; no transfer or sale of
stock shall be made by any stakeholder
of this corporation without his giving
the company ten days notice of his in
tention to sell and giving the said cor
poration the preference Of purchasing
same, No stoctholder shall be liable
on any obligation of this corporation in
any further sum than the amount of
unpaid balance on his stock. On failure /
of stoclsholder to pay for stock sub
scribed it shall be optional with the
board of directors either to declare the
delinquent shares forfeited to the cor
poration or to sue the subscriber for
the price due on all stock to be sold for
not less than par.
ARTICLE VIII.
This corporation is authorized to in
crease its capital stock By two-thirdsl
vote of all the stockholders at a meeting
held according TO law, said original
shall have a right to par :
tieipate in said increased issue Of stock
ii proportion to holdings Of original