The Caucasian., 1910-04-10

DuSuleSS 10 DC Carried on Dy II are mere
by declared to be to own, lease or ac-
quire gas and oil or other mineral lands
and the same TO develop, bore or drill
for oil, gas or other mineral, and tc
own and operate pipe lines for the con-
veyance of such oil and gas or other
means of transportation therefor, and to
do everything necessary in boring and
drilling for gas, oil or other minerals,
and the same to dispose of as it deems
best.
ARTICLE III
The capital stock of this corporation
is hereby fixed at the sum of two hun
dred thousand dollars ($2ooooooo), di-
vided into two thousand shares of one
hundred dollars ($Ioooo) each, which
shall be paid for in cash, or by the trans
| fer of property or labor or service per-
formed, as may be approved by its board
of directors, and it shall commence bus
mess whenever fifty thousand dollars
($5o,ooo.oo) of its capital stock is sub
scribed for and paid in full, and all
stock issued by it shall be fully paid and
non-assessable.
ARTICLE ".
The affairs of the corporation shall be
managed and controlled by board of
directors consisting of FIVE stockholders,
who shall be elected at a stockholders
meeting duly held at the Office of the
company on the first Monday in June
of each year by the stockholders at a
meeting called for that purpose, and at
all such meetings, each share of stock
owned or controlled by him, shall be en-
titled to one vote, and in all meetings of
the stockholders a majority of the stock
shall control
Until the election be held in June
1910, the following persons shall consti-
tute the board of directors of this cor
poration, to-wit: George B. Myer, pres
ident; H. L. Heilperin, vice president !;
c. w. Lemon, secretary and treasurer );
w. B. Ridgeley and B. G. Dawes, who
shall hold their offices until their sue
cessors are duly qualified. Any vacancy
occurring in the board of directors shall
be filled by an election by said board of
stockholders for the unexpired term.
ARTICLE v.
At each meeting of the stockholders
held in June of each year, when the di-
rectors are elected, they shall elect one
of said board of directors as general
manager for this corporation who shall
have general control and supervision of
all the affairs thereof, with power and
authority to hire and discharge such
agents and employees as may be neces-
sary to conduct the business of this cor
poration, and to make for it and in its
behalf all contracts, leases or agreements
and execute all sales, pledges and mort
cages, sign drafts, checks and bills of
exchange, and have general control and
management of all of its affairs as he
may deem best. Until the election in
June 1910, B. 6. Dawes is hereby de-
clared to be the general manager and
he shall hold his office until his success
sor is elected and installed Any va
cancy in said office shall be filled by the
board of directors electing suitable
person for the unexpired term.
ARTICLE VI.
This corporation shall have and enjoy
succession for the period of fifty years,
unless sooner dissolved, and whenever
dissolved for any cause, either by linz
itation or vote of a majority of the
stockholders at meeting called for that
purpose after ten days written notice
to each stockho1der, its affairs shall be
Iiquidated and settled by one or more
liquidators elected for that purpose,
who shall give such bond and security
and perform such duties as may be pre-
scribed by said stockholders. Provided,
that whenever not otherwise provided.
by the laws of this State, the stockhold-
ers may woive notice of any stockhold-
ers meeting and the same may be held
at less than ten days notice thereof.
ARTICLE VII.
This corporation shall have and enjoy
all and any rights and privileges con-
ferred or authorized by the laws of the
State of Louisiana, and no stockholder
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid bal
ance que on his stock, and no mere in
formality shall have the effect of rem
dering this charter null or of exposing
any stockholder to any greater liability
than the unpaid balance du on his stock.
In testimony whereof said parties
have hereunto affixed their names in
the presence of me, notary, and the un-
dersigned attesting witnesses, on the
date first in the beginning written.
GEO. H. MYER,
by c. w. Lemon
H. L. HEILPERIN.