The Caucasian. (Shreveport, La.) 1900-192?, 1911-12-17
CHARTER
OF The Indiap Drilling Company

tary public in and for Caddo Parish,
State Of Louisiana. duly commits
stoned and sworn, came and APP
pearcd, on the date herein, the sew
eral parties whose names are here
unto signed. and who declared to me,
notary. in the presence Of the attest
ing competent witnesses. that they
do hereby form themselves into n
corporation or body polite, as well
as such other persons as may here
after become associated with them
under The laws Of HE State of Louis
lana, and they do hereby adopt rs
their>charter the following articles
of agreement tO-Wlt;
ARTICLE |.
The name of this corporation shall
be The Indian Drilling Company
with its domicile in the town or viii
lage of Vivian, in the Parish of Cad
do, State of Louisiana. and under its
corporate name it shall have and en-
JOY succession for period of fifty
years, unless sooner dissolved as
hereinafter provided All legal pro-
cess shall be served on the president,
or in his absence on the vice presi-
dent, or in his absence on the secre-
tary treasurer.
ARTICLE III.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by il are hereby declared
to be to buy and sell mineral lands
and rights. and to drill. mine and ex-
plore lands in the State of Louisiana
and elsewhere as the board of direc-
tors may see proper. for oil, gas and
other minerals: to lease, suitcase,
buy and sell lands, to lay pipe lines
and generally to do and perform any
and everything necessary to carry
out The purposes for which this cor
poration is organized
as ARTICLE III.
The capital stock of This corpora
ton is fixed at the sum Of ten thous-
and dollars t$i0,000.00), divided into
ten thousand shares of one dollar
per share par value, and this cor
pofation shall be a going concern
when fifty per cent of the said capt.
tal stock shall have been subscribed
for and paid in. No stock shall be
issued until same is fully. paid for,
and it may issue for cash, for labor
or for property received at a valua-
ton deemed reasonable by Che board
of directors.
ARTICLE III.
The affairs Of this corporation
shall be managed and directed by a
; board Of directors consisting Of three
stockholders, who shall be elected
annually at a general meeting of the
stockholders called for that purpose
on the third Monday in November OF
each year hereafter, and The said
stockholders shall elect their own
officers and shall hold tl.r:r office
until their successors are duly elect
ed and installed. Until the said cleo
ton on said second Monday in No
vember hereafter the following shall
compose the board of directors of
this corporation. to-wit: John Bird
well Jr., president of said board; P.
II. Birtiwell, who shall be vice presi-
dent; and r. II, Holmes, who shall he
secretary treasurer Any vacancy in
said board of directors shall be filled
by the remaining directors, electing
stakeholder for the nnexpired
term.
ARTICLE Y.
This act of incorporation may be
amended and the capital stock in
creased or decreased, or this corpor-
alton may be dissolved by vote of
ihree-fourths of its stockholders in
amount at stockholders meeting
called for that purpose in accord
ance with the laws of the State OF
Louisiana, and at all stockholders
meetings each Share of stock shall
be entitled to one vote, to be cast by
its owner either in person or by
proxy, when not otherwise provided
by law; all stockholders shall be no.
titled at least ten days prior to any
meeting of stockholders by letter
addressed TO them at their usual
postofflce address, but nothing here
in contained shall prevent said
stockholders from waving notice OF
such meeting and consenting to the
holding thereof at an earlier date.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or respon-
sible for the contracts or faults
thereof in any further sum than the
unpaid balance due on his stock, nor
shall any mere informally have the
effect of rendering this charter null
or of exposing a stakeholder to any
loss beyond the amount paid for his