The Caucasian., 1910-06-16
CHARTER
OF McCANN & HARPER DRILLING
COMPANY.

State of Louisiana, Parish of Caddo:
Be it 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 J.
B. McCaEn, W. H. Harper and Edwin
+. Stewart, all residents of Caddo Par
ish, who declared to me that they do
hereby fGrm, for themselves and such
others as may hereafter become associ-
ated with them, a 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
tion shall be McCANN & HARPER
DRILLING COMPANY, and its domi-
cile 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
it are hereby declared to be, to drill and
explore lands for the purpose of discov-
ering and developing oil and gas and
other 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, 10000,
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
ther that this corporation may begin
business as soon as fifty (5o) shares of
IFS 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
ton shall be vested in and exercised by
a board Of directors consisting of three
stockholders, majority of whom shall
constitute quorum for the transaction
of business. The board of directors
shall make all bylaws, rules and regula-
tions for the management of the busi-
ness and the affairs of the company, and
may amend ard change the same at
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. H. Harper and Edwin
F. Stewart w. H. Harper as president,
Edwin F. Stewart as vice president and
secretary, and J. B. McCann as treasur-
er, which said board of directors shall
remain in Office until the first Monday
in June 1911, or until their successors
shall have been duly elected and quail
fed. On the first Monday in June 1911,
and annually thereafter, an election OF
directors shall be held at the Office OF
the corporation in the City of Shreve-
port, Caddo Parish, Louisiana, notice OF
which said meeting shall be given in any
one of the newspapers published in the
City of Shreveport, Louisiana, for ten
days prior to said meeting. At all stock
holders meetings each share of stock
shall be entitled to one vote, either in
person or by proxy in writing. In the
event of the failure to elect directors as
specified above, the directors then in Of
fee shall serve until their successors
shall have been elected, but a meeting
for such election may then be held at
any time after ten days written notice
to each stockholder.
ARTICLE "
This charter may be modified OF
amended, except as to increase or de
crease of its capital stock, or this cor
poration may be dissolved with the as
sent of majority of the stock at gen
leral meeting of the stockholders con
yened for such purpose after thirty day.
notice published in any one OF the news.
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