The Caucasian. (Shreveport, La.) 1900-192?, 1910-10-23
CHARTER
OF THE GRACE OIL COMPANY.

The State of Louisiana, Parish of
Caddo: Before me, the undersigned no
tary public, duly commissioned and
sworn, appeared L. E. Etchison, Wheeler
Shropshire, H. L. Heilperin and Fisher
Durham, all of Shreveport, Louisiana,
and H. C. Brewster, resident of New
Orleans, Louisiana, who declared to me
that they do hereby form themselves
into a corporation under the laws of
the State of Louisiana, under the stip-
ulations hereinafter set out, to-wit:
ARTICLE /.
The name of this corporation shall be
GRACE OIL COMPANY; it shall
have the right to enjoy succession for
ninety mine years, with the right to con-
tract, Sue and be sued, and to hold, pur-
chase, lease, sell and hypothecate prop
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 alb
sence at the office of the company &C
cording to law.
ARTICLE II.
The objects for which this corpora
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 Louisiana and else
where, as the board of 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 business of
buying and selling mineral lands and
of developing lands for oil, gas and
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
poration shall be paid for in cash or its
equivalent.
ARTICLE w.
The corporate powers OF this corpor-
alton shall be vested in board of di-
reetors, 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.
E. Etchison, Wheeler Shropshire, H. L.
Heilperin, Fisher Durham and H. C..
Brewster, who shall serve until their
successors are elected The officers of
this company shall be a president, vice
president, secretary and treasurer, and
the first of said officers are declared to
be L. E. Etchison, president; Wheeler
Shropshire, vice president, and H. L.
Heilperin, secretary and treasurer. Said
offic rs shall be elected annually on said
second Tuesday in January A major
ity of the stock shall elect the direc-
tors, and in all elections or proceedings
of stockholders, each share of stock
present or represented by written proxy
shall be entitled to one vote. Notice of
all elections or meetings of stockhold-
ers shall be advertised ten days in a
daily paper; directors to be chosen at
the office of the company,
ARTICLE v.
Nc stockhoIder shall be liable on &C
count of any obligation to this corpor-
alton in any other sum than the amount
of unpaid balance due by him on stock
subscribed for. No irregnlarity nor any
in organization shall have
the effect of rendering this charter null
or of exposing any stakeholder to any
liability beyond such unpaid balance.
ARTICLE VI.
This charter may be amended Except
as to increasing or decreasing its capital
stock by a two-thirds vote of stock,
represented at meeting of the stock
holders convened for such purpose, af-
ter ten days previous notice by publica-
ton in any one of the newspapers Of the
City of Shreveport, Louisiana When
ever this corporation is dissolved, by
limitation or otherwise, its affairs shall
be liquidated by three commissioners
elected at stockholders meeting, who
shall have full power to wind tip its
affairs and settle its indebtedness.
In testimony of all of which the said
above named parties have hereunto af-
fixed their signatures in the presence of
4. B. Shut and Isidore Holland, COM
petert witnesses, on this the 10Th day
Of September A. D. 1910.
L. E. ETCHISON.