The Caucasian. (Shreveport, La.) 1900-192?, 1910-10-30
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 stlp-
ulations hereinafter set out, to-wlt:
ARTICLE /.
The name Of this corporation shall be
GRACE OIL COMPANY; it shall
have the right to enjoy succession for
ninety nine 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 domiclle
shall be in the City of Shreveport, and
all citation and other legal process shall
be made on its president, or in his abb
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 $50 shares of one hundred ($Iool
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 ".
! The corporate powers of this corpor-
i alton shall be vested in a board of d.
:, Irectors, consisting of five stockholders
who shall be annually elected on tht
second Tuesday in January. The frs
board of directors is declared to be I
E. Etchison, Wheeler Shropshire, Il. {
Heilperin, Fisher Durham and H. c
Brewster, who shall serve until thei
successors are elected The officers 0
this company shall be president, VIC
president, secretary and treasurer, am
the first of said officers are declared t,
be T. E. Etchison, president; Wheele
Shropshire, vice president, and Fl. I
Heilperin, secretary and treasurer. Sal
: ofic rs shall be elected annually on sal
. second Tuesday in January. A major
!: ity of the stock shall elect the direc
tors, and in all elections or proceeding
? of stockholders, each share of stoc1
E present or represented by written prox
shall be entitled to one vote. Notice 0
all elections or meetings of stockhold
: ers shall be advertised ten days in
daily paper; directors to be chosen a
5 the Office of the company
ARTICLE v.
No stakeholder shall be liable on ac
: count of any obligation to this corpor
alton in any other sum than the amour
/: Iof unpaid balance due by him on stoe
: subscribed for No irregularity nor an
E informally in organization shall hav
S the effect Of rendering this charter mi
4 or of exposing any stakeholder to an
S liability beyond such unpaid balance.
ARTICLE VI.
This charter may be amended (excer
! as to increasing or decreasing its capita
stock) by a two-thirds vote of stocE
represented at meeting of the stock
! holders convened for such purpose, al
! ter ten days previous notice BY publica
: tioa in any one of the newspapers of tn
City of Shreveport, Louisiana When
! ever this corporation is dissolved, B
: limitation or otherwise, its affairs shal
be liquidated by three commissioner
T elected at stockholders meeting, VIII
shah have full power to wind up it
affairs and settle its Indebtedness.
In testimony of all of which the sal
] above named parties have hereunto al
: fixed their signatures in the presence o
: Fl. B. Shut and .Isidore Holland, com
e petent witnesses, on this the 10th da
t lof September A. D. 1910.
. L. E. ETCHISON.
WHEELER SHROPSHIRE.
Fl. C. BREWSTER.
# J. F. DURHAM.
Attest FL. L. IIEILPERIN.
Fl. 6. SHUT.
ISIDORF HOLLAND