The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-21

lana, personally came and appeared J
B. McCaE1l, w. H. Harper and Edwin
| F, Stewart, all residents of Caddo Par,
ish, who declared to me that they dc
hereby icrm, 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 l.
The name and style of this corpora
ton shall be- McCANN & HARPER
DRILLING COMPANY, and its domi-
Gle 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-
! fish 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,ooooo,
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
ton shall be vested in and exercised by
board OF directors consisting of three
stockholders, a. majority of whom shall
constitute quorum for the transaction
I of business The board of directors
shall make all bylaws, rules and regula-
tons for the management of the bust
ness and the affairs of the company, and
may amend and change the same at
fp1easure 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 fhe 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. Mccain 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 quali-
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 stakeholder.
ARTICLE ".
This charter may be modified or
amended, except as to increase or de-
crease of its capital stock, or this cor
poration may be dissolved with the as
Isent of a majority of the stock at gen.
eral meeting of the stockholders con-
vened for such purpose after thirty days
potice published in any one of the news
papers published in the City of Shreve-
port Louisiana
ARTICLE VI.
Whenever this corporation is dis.
solved, either by limitation of ifs charles
or any other causes, its affairs shall be
liquidated by two commissioners elected