The Caucasian. (Shreveport, La.) 1900-192?, 1910-10-30
CHARTER
OF THE SPIDER OIL COMPANY.

State of Louisiana, Parish of Caddo
Be it remembered that on this day, be-
fore me, john D. Wilkinson, notary
public in and for said Parish and State,
duly commissioned and sworn, personal
y cams and appeared ]. B. Moore, L. ].
Coz Henderson Muckelroy, ]. |. Huff
and AZ Abercrombie, residents Of the
City of Houston in the State of Texas,
who stated and declared to me, notary,
that they have formed and constituted
themselves into body corporate, as
well as such others as may hereafter be-
come associated with them, and have
adopted and ordained as their charter
and act Of incorporation the following,
fo-wit
ARTICLE I.
The name of this corporation shall be
the SPIDER OIL COMPANY, with its
domiciIe at the City of Shreveport, in
the Parish of Caddo, and under said
corporate name it shall have and enjoy
succession for a period of fifty years,
unless sooner dissolved as provided by
law. All legal process shall be served
on the president or in his absence on the
vice president, or in the absence of both,
as provided by the laws of the State of
Louisiana.
ARTICLE ii.
The objects of this corporation and
the purposes for which it is formed are
hereby declared to be to acquire, lease,
own, real and personal property in the
State Of Louisiana for the purpose of
exploring, drilling and developing the
same for oil, gas or other minerals, and
to build, construct, equip, own and ope-
rate tank cars, pipe lines or other means
Of transporting oil gas, Or other min
erals, and to acquire, lease, own and use
such personal property, drilling outfits
and other machinery as may be neees-
sary in conducting their said operations
for oil, gas or other minerals.
ARTICLE III.
The capital stock of this corporation
is hereby liked at thirty thousand dollars
divided into three hundred shares Of the
par value of lone hundred dollars each,
and it shall commerce business and be-
come i going concern whenever FIVE
thousand dollars OF its capital stock is
subscribed and paid for The capital
stock shall be paid for IN cash, BY the
transfsr Of property or for labor done,
and services performed, and no stock
shan be issued which is not fully paid
= for at the time of its issuance, and when
issued under the authority Of the board
Of directors the same shall be fully paid
and worcestershire
ARTICLE ~.
1she affairs Of this corporation shall
damaged and controlled BY a board
Of directors consisting of FIVE stock
holders who shall be elected annually
1t i stockholders meeting called for that
purpose an the second Monday in DC
tober Of each year, and the directors so
elected shall hold their Office until their
successors are elected and installed ;
provided that they shall have the right
Is FIJI any vacancy occurring in said
beard BY the election Of stakeholder
or stockholders for the uneSpired term
of such office. Until the election Of d.
rectors ii October 1871, the following
stockholders shall compose The board OF
directors Of this corporation: ]. B.
Moore. who shall be PRESIDENT /. A.
Abercronbie, who shall be vice presi-
dent l. ]. Cox who shall be secretary
and treasurer, and Henderson Muckel-
roy and j. /. Huff. The board of diree-
TORS elected by the stockholders shall
elect from their number d president,
vice president and a Secretary and treas
urer. and The said board Of directors may
likewise elect or appoint 4 general man
ager 81 the affairs Of this corporation
with such duties and compensation as
they may from time to time prescribe,
and shall have authority to employ all
such needed assistance, clerks, workflen
or superintendent as in their Judgment
may be best for the corporation, and IN
general shall perform all ct the duties
and exercise al Of The rights either
through themselves q others, that this
corporation can perform or exercise tiii-
der lis laws Of the State of Louisiana.
ARTICLE v.
This charter may be amended Of this
cooperation mag be dissolved By vote
of three fourtl1l Of the capital stock
thereof it q meeting called for such ptr-
pose AFTER due notice as provided by law,
Aud Ii al stockholders meetings each
share Of stock shall be entitled to enc
vote cast by is owller il person or BY
proxy provided nothing herein shall b
construed Is prevent stockholders