The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-28
CHARTER
OF THE CRAIG OIL COMPANY

The State of Louisiana, Parish of
Caddo: Before me, ]. A. Thigpen, no.
tary public in and for the State and par
ish aforesaid, duly commissioned and
sworn, on this day came and appeared
the several persons whose names are
hereunto subscribed, who declared that
they have formed and do hereby form
themselves into body corporate under
the laws of the State of Louisiana, and
particularly under Act III of the Gen
eral Assembly of 1882, regarding the
formation of mining corporations, for
the objects and purposes and under the
conditions as follows, to-wit:
ARTICLE I.
The name and style of this corpora
ton shall be CRAIG OIL COMPANY,
and under said name and style it shall
have and enjoy all the rights granted to
corporations under the laws of the
State of Louisiana, and shall have and
enjoy corporate existence for a period
of ninety-nine years from the date
hereof, as hereinafter provided, unless
sooner dissolved under the provisions of
the laws of the State of Louisiana, to-
gether with the power to have and to
use a corporate seal, and the same to
make. alter or break at its pleasure.
ARTICLE II.
The domicile of this corporation is
hereby fixed in the City of Shreveport,
Caddo Parish, Louisiana, where all legal
process shall be served in the manner
provided by law, upon the president, or
in his absence on the vice president, or
in the absence of the vice president, at
the office of the said corporation as pro-
vided by the statutes of this State
ARTICLE III.
The objects and purposes of this cor
corporation are hereby declared to be
the carrying on of a general mining bus
mess, to-wit: The acquisition of lands
and leases and other property. whether
in Louisiana or elsewhere, for the pur-
pose of drilling, mining, boring or ex-
ploring thereon for oil, gas and other
minerals. And to this end, thisc orpor-
alton shall have and enjoy the rights to
acquire, purchase, lease, suitcase. sell
and otherwise acquire and ALLEVIATE
property, real, personal or mixed, and
to mortgage, pledge, pawn and other
wise hypothecate said property for the
purpose of borrowing or for such other
purpose as in the discretion of the
board of directors may be proper.
ARTICLE ".
The capital stock of this corporation
is hereby declared to be fifty thousand
($5oooooo) dollars, to- be divided into
FIVE hundred shares of one hundred dol
lars each. This stock may be issued
either for cash or for property, labor or
services purchased by or advanced TO
said company, and the judgment of the
boad of directors as to the value of the
property, labor or services so taken, |
shall be conclusive, provided that no
stock shall be issued at less than par |
This corporation is authorized to com
mence business whenever one hundred |
and fifty shares of its capital stock shall
have been subscribed and paid for in
full Each share of stock shall be enti-
tied to one vote at all meetings, to be
east in person or by proxy.
ARTICLE v.
The corporate powers of this corpor-
alton are hereby declared, except as
may be hereafter stipulated, to be vested
IN and exercised by board of directors
composed of seven directors, which said /
board shall be elected annually by the
said stockholders on the first Monday
If May of each year hereafter. The
lrst board of directors, who shall serve
Until their successors are elected and
qualified, are hereby declared to be Fl.
Heilperin, l. E Etchison, George NJ.
Craig. Fred Clark, S. o. Lattinar, w.
:. Hall and G. B. Woods. In case of
he death or resignation of any of the
directors his successor shall be chosenl
" the remaining directors. Four al Il