The Caucasian. (Shreveport, La.) 1900-192?, 1910-09-27

The domicile of this corporation shall
be the City of Shreveport, Louisiana,
and all citations and other legal process
shall be served on the president, or in
his absence at the office of the company
according to law.
ARTICLE III.
The object for which this corporation
is organized and the nature of the bus
mess to be carried on by it is as fol-
lows: To develop oil, gas or minerals
on any property owned, leased or con-
trolled by it or others, in the State of
Louisiana, or elsewhere in the United
States and Mexico, and generally to do
all things in furtherance thereof.
ARTICLE ".
The capital stock of this corporation
is hereby authorized to be ten thousand
dollars, divided into ten thousand
shares at one dollar per share, par value,
full paid and non-assessable, each to be
paid for in cash or its equivalent when
subscribed for, and said corporation is
authorized TO commence business when
six thousand shares of said stock is
subscribed and paid for.
ARTICLE v.
The corporate powers of this corpora
ton shall be vested in board of direc-
tors of nine stockholders, who shall be
annually elected on the second Tuesday
in January. The first board of directors
is declared to be ]. C. Hall, DR.. w. P.
Parks, J. M. Watson, II. Hol1ar, w. T.
Tooley, A. E. Gordon, J. w. Peyton Jr.,
E. P. Roach, T. NJ. Hall and ]. L. JEFF
fries, who shall serve until their sue
eessors are chosen. The officers of this
company shall be president, first vice
president and second vice president, sec
rotary and treasurer, and the first Of
said officers are declared to be III. Ho1-
lar, president and general manager; DR..
w. P. Parks, first vice president; J. w.
Peyton Jr, second vice president; A. E.
secretary and treasurer, and
they shall serve until their successors
are chosen. And said officers shall be
elected annually on said second Tuesday
in January. A majority of the stock
shall elect the directors, and in all cleo
tons or proceedings of stockholders,
each share of stock present or repre-
sented by written proxy shall be entitled
% one vote. Notice of all elections or
meetings Of stockholders shall be adver-
Iised ten days in daily paper; direc-
.ors to be chosen at office of company.
ARTICLE VI.
Failure to hold an election for direc-
tors on the day named shall not dissolve
he corporation, bit the incumbent direc-
tors shall hold over until their success
ors are duly qualified and elected. Any
vacancy in the board shall be filled by
he remaining directors. The board of
directors shall have the power to con-
ract debts, borrow money and do all |
-hings necessary to carry out the objects
and purposes of this corporation.
ARTICLE VII.
No sale of stock shall be valid or
binding on the corporation until the
same has been transferred on the books
if the company; no transfer or sale Of
stock shall be made by any stakeholder
If this corporation without his giving |
his company ten days notice of his in
ention to sell and giving the said cor
poration the preference of purchasing
he same. No stakeholder shall be liable |
IN any obligation of this corporation in
my further sum than the amount of un-
9aid balance of his stock. On failure
If stakeholder to pay for stock sub
icribed it shall be optional with the
board of directors either to declare the
delinquent shares forfeited to the cor
poration or to sue the subscriber for the
price due on all stock to be sold for not
ess than par.
ARTICLE VIII.
This corporation is authorized to in
crease its capital stock by two-thirds
Fote of all the stockholders at meeting
1eid according to law, said original
stockholders have a right to participate
n said increased issue Of. stock in pro-
portion TO holdings of original stock
holders. and in default thereof the other
stockholders shall first have right to