The Caucasian. (Shreveport, La.) 1900-192?, 1910-10-23
CHARTER
OF THE SPIDER OIL COMPANY

vi IL ~ LIN VII I'M : A4S ! :
+ State of Louisiana, Parish of Caddo:
Be it remembered that on this day, be-
fore me, John D. Wilkinson, a notary
public in and for said Parish and State.
duly commissioned and sworn, personal
1y came and appeared ], B. Moore, L. J..
Cox, Henderson Muckelroy, J. |. Huff
and L. A. 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 a 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,
to-wit:
ARTICLE 1.
The name of this corporation shall be
the SPIDER OIL COMPANY, with its
donlicile at the City of Shreveport, in
the Parish of Caddo, and under said
corporate name it shall have and enjoy
succession for 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 neces-
sary in conducting their said operations
j 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 worcestershire
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 Oc-
tober of each year, and the directors SO
elected shall hold their office until their
successors ara elected and installed
: provided that they shall have the right
to fill any vacancy occurring IN said
board by the election of stakeholder
O. stockholders for the unexpired term
of such Office. Until the election of di-
rectors in October 1911, the following
stockholders shall compose the board Of
directors of this corporation: ]. 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 Muekel-
) roy and ]. !. Huff. The board Of diree-
tors elected by the stockholders shall
elect from their number a president, q
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 sacla duties and compensation as
they may from time to time prescribe,
and shall have authority to employ all
! such needed assistance, clerks. workmen
or superintendent. 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 ur-
der the laws Of the State Of Louisiana.
ARTICLE VI
This charter may be amended or this
corporation may be dissolved BY vote
Of tfree-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
II vote cast by its owner in person or by