The Caucasian., 1910-07-19
CHARTER
OF THE CRAIG OIL COMPANY

| SduuO. DGiOIt LIC, j. n. ulSpGI, uO-
tary public in and for the State and par
ish aforesaid, duly commissioned and
sworn, on this day came and appeared
the several persons whose names are
! hereuntO subscribed who declared that
| they have formed and do hereby form
themselves into a body corporate under
the laws of the State of Louisiana, and
particularly under Act III of the Gen
eral Assembly of 1882, regarding the
formation of mining corporations, for
the objects and purposes and under the
conditions as follows, to-wit:
ARTICLE I.
The name and style of this corpora
ton shall be CRAIG OIL COMPANY,
and under said name and style it shall
have and enjoy all the rights granted to
corporations under the laws of the
State of Louisiana, and shall have and
enjoy corporate existence for a period
of ninety-nine years from the date
hereof as hereinafter provided, unless
sooner dissolved under the provisions of
the laws of the State of Louisiana, to-
gether with the power to have and to
use corporate seal, and the same to
make, alter or break at its pleasure
ARTICLE II.
The domicile Of this corporation is
hereby fixed in the City of Shreveport
Caddo Parish, Louisiana, where all legal
process shall be served in the manner
provided by law, upon the president, or
i'll his absence on the vice president, or
IN the absence of the vice president, at
the Office of the said corporation as pro-
vided by the statutes of this State.
ARTICLE III.
The objects and purposes of this cor
corporation are hereby declared to be
the carrying on of general mining bus
mess, to-wit: The acquisition of lands
and leases and other property, whether
in Louisiana or elsewhere, for the pur-
pose of drilling mining, boring or ex-
ploring thereon for oil, gas and other
minerals. And to this END, thisc orpor-
alton shall have and enjoy the rights to
acquire, purchase, lease, suitcase, sell
and otherwise acquire and alienate
property, real, personal or mixed, and
to mortgage, pledge, pawn and other
wise hypothecate said property for the
purpose of borrowing or for such other
purpose as in the discretion of the
board of directors may be proper.
ARTICLE ".
The capital stock of this corporation
is hereby declared to be fifty thousand
($5oooooo) dollars, to be divided into
FIVE hundred shares of one hundred dol
lars each This stock may be issued
either for cash or for property, labor or
services purchased by or advanced to
said company, and the judgment of the
boad of directors as to the value of the
property, labor or services so taken,
shall be conclusive, provided that no
stock shall be issued at less than par.
This corporation is authorized to COM
mence business whenever one hundred
and fifty shares of its capital stock shall
have been subscribed and paid for in
full. Each share of stock shall be enti-
tied to one vote at all meetings, to be
cast in person or by proxy.
ARTICLE V.
The corporate powers of this corpor
alton are hereby declared, except as
may be hereafter stipulated, to be vested
in and exercised by board of directors |
composed of seven directors, which said
board shall be elected annually by the
said stockholders on the first Monday
of May OF each year hereafter. The
first board Of directors, who shall serve
until their successors are elected and |
qualified, are hereby declared to be Fl. |
L. Heilperin, L E Etchison, George NJ.
Craig, Fred Clark, S. 0, Lattimar, W.
E. Hall and G. B. Woods. In case of
the death or resignation of any of the
directors, his successor shall be chosen
by the remaining directors. Four "a |
directors shall constitute quorum for
the transaction of business.
ARTICLE VI.
The officers of this corporation shall
consist of a president, vice president and
secretary The officers shall
be elected by the board of directors an
nually at its regular annual meeting and
shall serve until their successors are
elected and qualified. The first officers
of the corporation, who shall serve until
the election of their successors at the
regular annual meeting in 1911, and
their subsequent qualification, shall be
George NJ. Craig, president; H. L. He'll
perrin, vice president; and Fred Clark,
secretary-treasurer.
ARTICLE VII.
This charter may be amended or the
corporation dissolved by consent of
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