The Caucasian. (Shreveport, La.) 1900-192?, 1910-11-03
CHARTER
OF THE GRACE OIL COMPANY.

Caddo: Before me, the undersigned no
1 tary public, duly commissioned and
sworn, appeared /. E. Etchison, Wheeler
Shropshire, H. L. Heilperin and Fisher
Durham, all of Shreveport, Louisiana,
and II. {. Brewster, a resident Of New
Orleans, Louisiana, who declared to me
that they do hereby form themselves
into a corporation under the laws of
the State of Louisiana, under the sim
ulations hereinafter set out. to-wit
ARTICLEgI.
The name of this corporation shall be
GRACE OIL COMPANY; it shall
| have the right to enjoy succession for
nlnety-nlne years, with the right to con-
tract, sue and be sued, and to hold. pur-
chase, lease, sell and hypothecate prop
erty, real and personal; its donici1e
shall be in the City of Shreveport, and
all citation and other legal process shall
be made on its president, or in his alb
sence at the office, of the company ac-
cording to law.
ARTICLE II.
The objects for which this CORPORA
| ton is organized and the nature of the
business. 10 be carried on by it are here
by declared to be to drill and explore
lands in the State of Louisiana and else
where, as the board of directors may see
proper, for oil, gas and other minerals,
to lease, buy and Sell mineral lands, and
generally to do and perform all things
which are necessary >the business of
buying and selling minsssl lands and
of developing lands for oil, 49, |,
other minerals.
ARTICLE III.
The capital stock of this corporation
is hereby fixed in the sum of fifteen
thousand ($I5,oooyoo) dollars, divided
into $50 shares of one hundred ($Ioo)
dollars each, and said corporation IS
authorized to commence business when
ever one hundred and fifty shares of its
capital stock is subscribed and paid for
in full; the capital stock of said cor
poration shall be paid for in cash or its
equivalent.
ARTICLE ".
The corp rate powers of this corpor-
alton sils5 -ested in a board of III
rectors, consist G of FIVE stockholders,
who shall be annually elected on the
second Tuesday in January. The first
board of directors is declared to be L.
E. Etchison, Wheeler Shropshire, H. L.
Heilperin, Fisher Durham and H. C.
Brewster, who shall serve until their
successors are elected. The officers of
this company shall be a president, vice
president, secretary and treasurer, and
the first of said officers are declared to
be [. E. Etchison, president; Wheeler
Shropshire, vice president, and H. L
Heilperin, secretary and treasurer. Said
offic rs shall be elected annually on said
second Tuesday in January. A major
ity of the stock shall elect the direc-
sors, and in all elections or proceedings
of stockholders, each share of stock
present or represented by written proxy
shall be entitled to one vote. Notice of
all elections or meetings of stoekhold-
ers shall be advertised ten days in a
daily paper directors to be chosen at
the Office OF the company
ARTICLE ".
No stakeholder shall be liable on ac-
count of any obligation to this corpor-
alton in a14y other sum than the amount
of unpaid balance due by him on stock
subscribed for. No irregularity nor any
in organization shall have
he effect of rendering this charter null
pr of exposing any stakeholder to any
liability beyond such unpaid balance.
ARTICLE VI.
This charter may be amended Except
IS to increasing or decreasing its capital
5tock) by two-thirds vote of stock,
at meeting of the stock
folders convened for such purpose, af-
ter ten days previous notice by publica-
ion in any one of the newspapers of the
City of Shreveport, Louisiana. When
ever this corporation is dissolved, by
imitation or otherwise, its affairs shall
be liquidated by three commissioners
elected at stockholders meeting, who
shall have full power to wind up its
lfairs and settle its Indebtedness.
In testimony of ali of which the said
above named parties have hereunto at
fixed their signatures in the presence of
H. B. Shut and Isidore Holland, com
petent witnesses, on this the 10Th day
of September A. D. 1910.
L. z. ETCHISON.
WHEELER SHROPSHIRE.
H. C. BREWSTER.
J. F. DURHAM.
Attest. Fl I HFITpERIN