The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-17

DelUIF me, lut ullucISlSliCb nv
tary public, duly commissioned and
sworn. appeared f. S. Cayce, B. B.
Terry and J. w. Oliver. all residents
of Shreveport, Caddo Parish, Louis
lana, who declared to me that they
do hereby form themselves into
corporation under the laws of the
State of Louisiana, under the stlpu-
latf6ns hereinafter set out, to-wit:
ARTICLE |.
The name and style of this corpor-
alton is hereby declared to be The
Cayce Company; il shall have the
right to enjoy succession for ninety
nine years, with the right to con-
tract, sue and be sued; and to hold.
purchase, lease. sell and hypothe-
cate property, real and personal; its
domicile shall be in the city: OF
Shreveport, Louisiana, and all eta
lions and other legal process shall
be made on its president, or i'll his
absence at the Office of the company
according to law.
ARTICLE II.
The object for which this corpor-
alton is organized and the nature oil
the business to be carried on by 1t
are hereby declared to be to develop
land for oil and gas; to buy and sell
oil and gas and other minerals; to
lease. buy and sell oil and gas lands.
and to do such other things as are
incident to the business of prOduc-
ing oil ana gas.
ARTICLE III.
The authorized capital stock of
this corporation is hereby fixed IN
the sum Of thirty thousand (S3000O)
dollars, divided into three hundred
1900 shares of one hundred (Si00l
dollars each. The corporation is atl-
thorized TO commence business
whenever one hundred 400 shares
of its capital stock is subscribed and
paid fer. The capital stock of this
corporation shall be disposed of for
not less than its par value, and all
stock issued by this corporation
shall be fully paid and non-assess-
able, provided, however. that the
corporation may issue stock in pay
ment of lands or leases or other
property, to the extent of the cash
value thereof in The opinion Of the
board of directors Of this company
ARTICLE IN.
The corporate powers of this cor
poration shall be vested in board
of directors consisting of three
stockholders who shall be annually
elected on the second Tuesday in
January. The first board of direc-
tors is declared to be f., $. Gayce
~. w. Oliver and B. B. Terry, who
shall serve until the second Tuesday
| in January 1912, or until their sue
cessors are elected. The officers oil
this company shall be president
wee president, secretary and treas
urer, and the first of said officers is
declared to be E. S. Cayce, president;
Il. B. Terry, vice president, and ]. w
| Oliver. secretary and treasurer The
said officers shall be elected annual
| ~ on the second Tuesday in Janu-
| airy. A majority OF the stock shall
elect the directors, and i'll all cleo
tians or proceedings of stockholders
each share of stock present or rep
PRESENTED by written proxy shall be
entitled to one vote. Notice of al
telections or meetings of stockhold-
! ers shall be advertised ten days in 0
daily newspaper published in the
city of Shreveport, provided, how
ever, that such notice may be
waived by unanimous consent of the
stockholders.
ARTICLE Y.
No stakeholder shall be liable or
account of any obligation TO this
corporation in any other sum thar
the amount of unpaid balance due
| by him on the stock subscribed for
No irregularity or any informally in
organization shall have the effect Of
rendering this charter null or of ex-
posing any stakeholder to any liza
bility beyond such unpaid balance
ARTICLE VI.
This charter may be amended tex
lcept as to increasing or decreasing
its capital stock by a two-third'
vote of stock represented at meet
ling of the stockholders convened fol
such purpose, after ten days pre-
vious notice by publication ia any
one of the newspapers Of the city OF
Shreveport, Louisiana. Whenever
this corporation is dissolved by linn
italion or otherwise, its affairs shall
be liquidated by three commissions
ers elected at a stockholders meet
inr xr+hn shall i,a,4a F,,H ,xnx,4an A.