The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-29

3. McCann, w II. Harper and Edwin
T. Stewart, all residents of Caddo Par
ish. who declared to me that thew do
hefebyslsrm, for themselves and such
others 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-
uiations and agreements as follows, to-
wit
ARTICLE I.
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 IT.
The objects and purposes for which
this corporation is formed and the ma
ture Of the business to Be carried on byI
II 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-
ish 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 $2s,ooo.oo,
divided into $50 shares of the par value
of $4,000 each, to be issued for cash
paid the corporation or for property con-
yeyed or for services rendered; provid-
ed, however, that no stock shall be is
sued at less than par, ard provided fur
ther 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, majority of whom shall
constitdzaa quorum for the transaction
OF business. The board of directors
shall make all bylaws, rules and regula-
tions for the management Of the busi
ness and the affairs Of the company, and
may amend and change the same at
pleasure 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 the remaining
directors. The first board of directors !
Of this corporation shall consist of il
B Mccain. w. H. Harper and Edwin
i. Stewart w. Fl. Harper as president,
Edwin F. Stewart as vice president and
secretary, and ]. B. Mccain as treasur
er, which said board of directors shall
remain in Office until the first Monday
II June 1911, or until their successors |
shall have been duly elected and quail
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 meeting
for such election may then be held at
any time after ten days written notice |
to each stockholder.
ARTICLE ".
This charter may be modified OF
amended, except as to increase or de-
crease of It's capital stock, or this cor
poration may be dissolved with the as
sent Of L majority of the stock at gem
eral meeting Of the stockholders con-
sesied for such purpose after thirty days
notice published il any one Of the news
papers published in the City Of Shreve-
port Louisiana.
ARTICLE VI
Whenever this corporation is dis
solved. either bv Limitation Of its charter