The Caucasian. (Shreveport, La.) 1900-192?, 1910-11-17

saline for oil, gas or ether minerals, ant
to build, construct. equip, own and ope
rate tank ears, pipe lines or other means
of transporting oil, gas, or other min
erals, and to acquire, lease, own and ust
such personal property, drilling outfit
and other machinery as may be neces
sary in conducting their said operations
for oil, gas or other minerals.
ARTICLE III.
| The capital stock of this corporation
lis hereby fixed at thirty thousand dollars
divided into three hundred shares Of the
par value of one hundred dollars each
and it shall commence business and be-
come a 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
transfer of property or for labor done,
and services performed, and no stock
| shall 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 non assessable.
ARTICLE ".
The affairs of this corporation shall
be managed and controlled by board
of directors consisting of five stock
holders who shall be elected annually
at a stockholders meeting called for that
purpose on 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
to FIJI any vacancy occurring in said
board by the election of stakeholder
or stockholders for the unexpired term
of such office. Until the election of di-
fectors in October 1911, the following
stockholders shall compose the board Of
directors Of this corporation: J. B.
Moore, who shall be president; L. A
Abercrombie, who shall be vice presi-
dent; L. J. Cox, who shall be secretary
and treasurer and Henderson Muckel
roy and ]. |. Huff. The board of direc
tors elected by the stockholders shall
elect from their number a president, a
vice president and a secretary and treas
urer, and the said board of directors may
likewise elect or appoint a general man
ager of 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, workmen
or superintendents as in their judgment
may be best for the corporation, and in |
general shall perform all of the duties |
and exercise all of the rights either |
through themselves or others, that this |
corporation can perform or exercise I'M
der the laws of the State Of Louisiana.
ARTICLE v.
This charter may be amended OF this |
corporation may be dissolved by vote
Of three-fourths of the capital stock
thereof at a meeting called for such pur
pose after due notice as provided by law,
and in all stockholders meetings each |
share of stock shall be entitled to one
vote cast BY its owner in person or by |
proxy; provided nothing herein shall be |
construed to prevent stockholders
meeting without any notice by t1f1ani-
HATt,a., ID r1Ff
is dissolved, either by limitation or 9TH
erwise, its affairs shall be liquidated by
a liquidator appointed for that purpose
at a general stockholders meeting, and
he shall give such bond and perform
such duties as said stockholders may re-
qufre Of him.
ARTICLE VI.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in any
further sum than the unpaid balance due
to the corporation on the shares owned
by him, nor shall any mere informality
in organization have the effect of rem
dering this charter null or of exposing
a stockholder to any liability beyond the
amount of his stock.
In testimony whereof the said parties
have hereunto signed their names and
have set opposite the name of each the
number of shares of the capital stock
for by them, and which shall
serve as a subscription list to the capital
stock OF said corporation, in presence OF
the undersigned attesting witnesses, and
me, notary, on this the 18th day of Oc-
tober, 1910.
J. B. MOORE.
L. A. ABERCROMBIE.
HENDERSON MUCKELROY.
L. T. COX.
4II1T5Fy