The Caucasian. (Shreveport, La.) 1900-192?, 1910-09-08

Il
management of its business and affair
las may be deemed necessary, and tn
same to alter at pleasure.
| ARTICLE II.
The domocile of this corporation i
hereby fixed in the City of Shreveport
Caddo Parish, Louisiana, where al
legal process shall be served in the man
ner provided by law, upon the president
or in his absence on the vice president
or in the absence of both, at the Office
of the corporation as provided by the
laws of the State of Louisiana.
ARTICLE III.
The objects and purposes of this cor
poration are hereby declared to be to
buy and sell lands and to acquire by
lease or otherwise lands for mining and
producing oil, gas and other minerals,
and to suitcase or rent the same; to
sink, drill or develop oil and gas wells,
and to pipe, market or store the same /;
to prospect for and produce oil, gas and
other minerals, and for that purpose to
make expenditures for materials, tools,
implements and apparatus, to make sur
veys and do all things necessary in and
about said business, and to supply and
furnish gas and oil and fixtures to con-
sumers and to customers in the State OF
Louisiana or elsewhere as may be de-
ternlined by its board of directors; and
to this end this corporation shall have
and enjoy the right to own, acquire, pur-
chase, lease, suitcase, sell and other
wise acquire and ALLEVIATE property, real,
personal and mixed, and to mortgage,
assign, pledge, pawn and otherwise ny
pothecate said property for the purpose
of borrowing money, or for such other
purpose as in the discretion of the board
of directors may be deemed necessary;
and to have and acquire pipe and pipe
fines for the carrying, transportation
and furnishing of the said oil or gas to
consumers and customers, and to have
and acquire franchises for piping and
gas, and to do generally any
and all things necessary to and inciden-
tal to the purposes. and objects herein
set forth
ARTICLE ".
The capital stock of this corporation
IS hereby fixed at two hundred and fifty
thousand (S25oooooo) dollars, to be
divided into twenty-five hundred shares
IF the par value of one hundred dollars
zach, and this stock shall be issued as
paid for either for cash or for property,
abor or services purchased by or adj
tanced to said company, and the judg
nent of the board of directors as to the
yalue of the property, labor or services
% taken shall be conclusive, provided |
hat no stock shall be issued at less than
IS par value; and shall begin business
md be going concern when all of the
took is subscribed and paid for. Each I
hare of stock shall be entitled to one
tote at all meetings, to be cast in per-
on or on written proxy from the owner
hereof as shown by the stock books
The transfer of all stock shall be made |
lpon the books of the company.
ARTICLE v.
The corporate powers of this corpor
ltion shall be exercised by board of
i've directors selected from the stock
folders, which said board of directors
hall be elected annually by the stock
folders on tie first Monday in August
hereafter. The first board of directors,
Who shall serve until their successors
re elected and qualified, are hereby de
Jared to be E. S. Cayce, NJ. A. Currie,
thomas E. Bird, ]. L. Breathwit and
" H. Scheen, and in case of death or
of any of the directors, his
uceessor shall be chosen by the remain
ng directors; three directors shall con-
titute a quorum. The board of diree-
ors shall have the right to appoint an
executive committee of three from their
lumber who shall have power to repre-
ent said board in such matters as may
,e delegated to them by the said board
ARTICLE VI.
The officers of this corporation shall
e president, vice president and a I
ecretary-treasurer, and shall be elected |
y the board of directors annually at its
ocular meeting and shall serve until
heir successors are elected and quail i
led. The first officers of this corpora
ion shall be E. S. Cayce, president; w
i. Scheen, vice president; and M A.
yurrie, seTetary-treasurer, and shall
erve until their successors are elected |
ARTICLE VII.
This charter may be amended or the |
dissolved by the consent of
hree-fourths of the stock thereof at a
meeting called for that purpose after
hirty days notice in writing and nv I