The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-17

to handle, store and transport oif, gas,
brine and other mineral solutions, and
to make reasonable charges therefor. To
buy, sell and furnish oil and gas for
lighting, heating and other purposes. To
lay down, construct, EAintain and ope-
rate pipe lines, tubes, tanks, pump sta
tons, connections, fixtures, storage
houses and such machinery, apparatus
and devices as may be necessary to ope
rate such pipes and pipe lines between
various points Also, wherever permitted
by law, to have right and power to en-
ter upon private rights-of-way, ease
ments, properties of all persons and cor
porations, and to have the right of lay
ing its pipes and pipe lines across and
under any public road, railroad, right
of-way, street railroad, canal or stream
To lay its pipes and pipe lines across
and under any street or alley in any in
corporated city or town, with the con-
sent and under the direction of the
proper authorities of such cities or
towns. Also to carry on the business of
producing, refining and storing petro-
leum products, vegetables and mineral
oils.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of one hum
dred thousand and no-Ioo dollars
($Ioooooo) dollars; divided into and
represented by 100000 shares of the par
value of one and no-Ioo dollars ($I.oo)
per share, which shall be paid for in
cash or its equivalent at the time of sub
scription. This corporation shall COM
mence business as soon as ten thousand
dollars ($Io,ooo.oo) of its capital stock
shall have been subscribed for.
ARTICLE ".
All the corporate powers of this cor
poration shall be vested in and exer-
cised by board of FIVE go directors,
to be composed of stockholders; three
CD of whom shall constitute quorum
for transacting all business. The board
of directors shall be vested with full
power and authority to make all con-
tracts, purchases and sales and adopt
all bylaws, rules and regulations for
the government of the business and af-
fairs of the company, and alter, amend
and change the same at pleasure; APP
point, hire and discharge all officers,
agents and employees, fix all salaries, and
generally to do and perform all things
necessary in the transaction of the bus
mess and affairs of the company Any
vacancy occurring in said board shall be
filled by the remaining directors. The
first board of directors of this corpora
ton shall consist of A. A. Mahle, S. B.
Spence, A. C. Dystrup, F. M. Saucer
and B. U. Jacob, with A. A. Mahle as
president, S. B. Spence as vice president,
and A. c. Dystrup as secretary-treasur-
er who shall hold their offices until the
first Friday in February A. D. 1911, or
until their successors are duly elected
and qualified. On the first Friday in
February 1911, and annually thereafter,
an election for directors shall be held
at the Office of the company, under the
supervision of two (2) commissioners
to be appointed by the president, and
the directors then elected shall take theil
seats Immediately, and shall hold Office
until their successors are duly elected
and qualified Each board shall elect its
own officers, which shall consist of a
president, vice president and a secre-
tary-treasurer. All corporate elections
shall be by ballot, and a majority of the
votes cast shall elect, and each share of
stock shall be entitled to one Cd vote,
either in person or by proxy. Written
notice of elections shall be given to
each stakeholder by the secretary-treas-
urer at least thirty (3o) days prior to
elections.
ARTICLE v.
This act of incorporation may be
changed, altered or modified, or this
corporation dissolved, with the assent of
three-fourths (3-4) of the stock present
or represented at any general meeting of
the stockholders convened for that pur-
pose after thirty (3o) days prior no
tice of such meeting shall have been
given by publication in one of the daily
newspapers published in the City of
Shreveport, Louisiana, by FIVE Sd pub
LEGATIONS during said period, and such
changes as may be made in reference to
the capital stock shall require in addi-
ton ten (Io) days notice in writing to
each stakeholder.