The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-14
CHARTER
OF THE CRAIG OIL COMPANY.


eral Assembly of 1882, regarding tht
formation of mining corporations, fol
the objects and purposes and under the
conditions as follows, to-wit:
ARTICLE l.
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 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
($5o,ooooo) dollars, to be divided into
1--WE 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
'aid company, and the judgment of the
ooad of directors as to the value of the
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
nence business whenever one hundred
md fifty shares of its capital stock shall
lave been subscribed and paid for in
uli Each share of stock shall be enti-
led to one vote at all meetings, to be
asst in person or by proxy.
ARTICLE v.
The corporate powers of this corpor-
tion are hereby declared, except as
nay be hereafter stipulated, to be vested
n and exercised by board eff directors
of seven directors, which said
oard shall be elected annually by the
aid stockholders on the first Monday |
f May of each year hereafter. The
rst board of directors, who shall serve
ntil their successors are elected and
uali6ed, are hereby declared to be II.
:. Heilperin, L. E. Etchison, George M.
,raig, Fred Clark, S. o. Lattimar, w
!. Hall and G. B. Woods. In case of
he death or resignation of any of the
irectors, his successor shall be chosen
y the remaining directors. -Four Cd |
irectors shalt constitute a quorum for
ne transaction of business.
ARTICLE VI.
The officers of this corporation shall
onsisE of president, vice president andi
ecretarv-treasurer. The officers shall
6 elected by the board of directors an
ua1ly at its regular annual meeting and i
hall serve until their successors are
Iected and qualified The first officers
{ the corporation, who shall serve until |
le election of their successors at the
seular annual meeting in 1917, and |
heir subsequent qualification, shall bel
gorge M. Craig, president; H. L. He'll |
erin, vice president; and Fred Clark,
ecretary-treasurer.
ARTICLE VII.
This charter may be amended or the
orporation dissolved by consent oil
of the stock thereof at
ny meeting called for such purpose,
fer ten days notice in writing to each |
f the stockholders thereof, or duly |
,aived. Whenever this corporationi
,an be dissolved by limitation or 9TH
rwise its affairs shall be liquidated byi
commissioner to be elected by the
II