The Caucasian. (Shreveport, La.) 1900-192?, 1910-11-08
CHARTER
OF THE GRACE OIL COMPANY

sworn, appeared L. E. Etct1ison. Wbee1e
shropshire, H. L. Heilperin AMI Fisba
Durham, all of Shreveport, Louisiana
and H. c. Brewster, resident of New
Orleans, Louisiana, who declared TO m,
that they do hereby form themse1ve.
: into a corporation under the laws nj
the State of Louisiana, under the stin-
ulations hereinafter set out, to-wit:
ARTICLE I.
The name of this corporation shall bs
GRACE OIL COMPANY: it shall
have the right to enjoy succession for
ninety-nine years, with the right to con-
tract, sue and be sued, and to hold. pur-
chase, lease, sell and hypothecate oroe-
erty, real and personal; its domicile
shall be in the City of Shreveport. and
all citation and other legal process shall
be made on its president, or in his ab-
sence at the office of the conpany ac-
cording to law.
ARTICLE II.
The objects for which this eorpora-
ton is organized and the nature of the
business TO be carried on by it are here
by declared to be to drill and explore
lands in the State of Lou 7na and else
where, as the board o. 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 in the BUSHES OF
buying and selling mineral lands
of developing lands for oil, gas arls
other minerals
ARTICLE III.
The capital stock of this corporation
is hereby fixed in the sum of fifteen
thousand ($I5,ooooo) 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
Doration shall be paid for in cash or its
equivalent.
ARTICLE ".
The corporate powers of this corpor-
alton shall be vested in board of di-
-eetors, consisting of FIVE stockholders,
who shall be annually elected on the
second Tuesday in January. The first
BOARD of directors is declared to be L.
:. Etehison. Wheeler Shropshire, H. L.
1eilperin, Fisher Durham and II. c.
Brewster, who shall serve until their
successors are elected. The officers of
his company shall be president, vice
PRESIDENT, secretary and treasurer, and
he first of said officers are declared to
'e L. E. Etchison, president; Wheeler
vice president, and H. L,
Ie1lperin, secretary and treasurer. Said
'ffic rs shall be elected annually on said
econd Tuesday in January A major
ty of the stock shall elect the direc-
ors, and In all elections or proceedings
# stockholders, each share of stock
resent or represented by written proxy
hall be entitled to one vote. Notice of
ii elections or meetings of stockhold-
rs shall be advertised ten days in
laily paper; directors to be chosen at
he office of the company.
ARTICLE v.
No stakeholder shall be liable on ac-
cunt of any obligation to this corpor-
ton in any other sum than the amount
+ unpaid balance due by him on stock
for. No irregu1arity nor any
nformality in organization shall have
he effect of rendering this charter null
# of exposing any stakeholder to any
ability beyond such unpaid balance.
ARTICLE VI.
This charter may be amended (exeept
S to increasing oradecreasing its capital
tock) by a two-thirds vote of stock,
epresented at meeting of the stock
olders convened for such purpose, af-
er' ten days previous notice by publica-
ion in any one of the newspapers of the
lily of Shreveport, Louisiana. When
yer this corporation is dissolved, by
or otherwise, its affairs shall
e liquidated by three commissioners
lected at stockholders meeting, who
hall have full power to wind up its
fairs and settle its Indebtedness.
In testimony of all of which the said
bove named parties have hereunto af-
xed their signatures in the presence of
|. B. Shut and Isidore Holland, COM
etent witnesses, on this the 10th day
f September A. D. 1910.
L. E. ETCHISON.
WHEELER SHROPSHIRE.
H. C. BREWSTER.
J. F. DURHAM.
Attest: H. L. HEILPERIN.
H. G. SHUT.