The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-30
CHARTER
OF McCANN & HARPER DRILLING
COMPANY.

Be 1t known, that, before me, E. B.
Herndon Jr, notary public in and for
the Parish of Caddo and State of Louis
lana, personally came and appeared T.
B. McCaE1l, W. H. Harper and Edwin
+. Stewart, all residents of Caddo Par
ish, who declared to me that they do
hereby form, for themselves and such
others as may hereafter become associ-
ated with them, corporation under the
laws OF the State of Louisiana for the
purposes and objects and under the stip-
ulations and agreements as follows, to-
wit:
ARTICLE I.
The name and style Of this corpora
ton shall be McCANN & HARPER
DRILLING COMPANY, and its domi-
lcile shall be in the City of Shreveport,
Caddo Parish, Louisiana; All citations
and other legal service shall be made
on its president, or in the absence of its
president, on its vice president or its
secretary or treasurer. Under its said
name it shall have power and authority
to exist and enjoy succession for twenty
FIVE years from and after date hereof.
ARTICLE II.
The objects and purposes for which
this corporation is formed and the ma
ture of the business to be carried on by
i it are hereby declared to be, to drill and
explore lands for the purpose of discov-
ering and developing oil and gas and
tother minerals; to contract for the drill
ing for oil and gas wells, and to estab
lish or lease pipe lines for the trans
portation Of oil and gas; to purchase
all material, machinery and appliances
that may be needed to carry on the bus
mess of drilling and exploring for oil
and gas; to sue and be sued; to borrow
money, issue notes and generally to do
such things as are incident to the bust
ness for which this corporation was
formed as hereinbefore stated.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of $25,ooo.oo,
divided into $50 shares of the par value
Of $4,000 each, to be issued for cash
paid the corporation or for property con-
veyed or for services rendered; provid-
ed, however, that no stock shall be is
sued at less than par, and provided fur
Their that this corporation may begin
business as soon as fifty (5o) shares of
its capital stock shall have been sub
scribed and paid for in full, either in
cash or its equivalent.
ARTICLE ".
The corporate powers of this corpora
Ition shall be vested in and exercised by
board Of directors consisting of three
stockholders, majority of whom shall
constitute a quorum for the transaction
of business The board of directors
shall make all bylaws, rules and regnla-
lions for the management of the busi-
4 ness and the affairs of the company, and
] may amend and change the same al
pleasure. The board of directors shall
} elect the officers of this corporation. All
vacancies occurring in the board Of
directors BY death, resignation or other.
wise. shall be filled by the remaining
directors. The first board of directors
Of this corporation shall consist of j
B. Mccain, w. Fl. Harper and Edwin
IF. Stewart. w. II. Harper as president
Edwin F. Stewart as vice president anc
secretary, and J. B. Mccain as treasur
er. which said board of directors shall
remain in Office until the first Msnday
: in June 1911, or until their successor!
shall have been duly elected and quail
fed. On the first Monday in June 1911
and annually thereafter, an election o
v directors shall be held at tbs Office o
the corporation in the City of Shreve
port, Caddo Parish, Louisiana, notice o
q which said meeting shall be given in an,
one of the newspapers published in tn
- Citv/of Shreveport, Louisiana, for tei
DAYS prior to said meeting. At all stock
,s holders meetings each share of stoc
Il shall be entitled to one vote, either J
person or by proxy in writing. In III
J event Of the failure to elect directors
specified above, the directors then in o.
fee shall serve until their successor
shall have been elected, but meetin
for such election may then be held
any time after ten days written notic
to each stakeholder.
ARTICLE v
This charter may be modified
amended, except as to increase or d
crease Of its capital stock, or this co
Iporation may be dissolved with the a
II lsent Of a majority OF the stock at a gel
eral meeting Of the stockholders col
yened for such purpose after thirty da
: notice published in any one of the new
papers published in the City of Shrev
port Louisiana.
/ r.