The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-29
CHARTER
OF The Cayce Company

/ t&rN public. duly commissioned and
sworn. appeared +. $. Cayce. i. b
/ Terry and /. W. Oliver. al residents
.of Shreveport, Cadd0 Parish, Louis
lana. who declared to me that they
do hereby form themselves INTO i
corporation under the laws Of the
state Of Louisiana. under the stipu-
| Iatf6uS hereinafter set ont. tO-Wit:
ARTICLE /.
The name and style Of this corpOr-
alton is hereby declared to be The
Cayce Company: it shall have the
right to enjoy succession for ninety
nine years, with the right to con-
tract. sue and he sued: and 10 hold
purchase, lease, sell and hypothe-
cate property, real and PERSONAL; its
domicile shall be III the city OF
Shreveport. Louisiana, and all eta
tons and other legal process shall
| be made on It's president. or III his
absence at the office of the company
according 10 law.
ARTICLE H.
| The object for which this corpOr-
alton is organized and the nature Of
| The business to be carried on by ii
are hereby declared H. be 10 develop
| land for oil and gas: &C. buy and sell
oil and ga> and other minerals; to
lease. huy and sell otl and gas lands.
and IL de- such other things as are
incident 10 the business Of produc-
.ng oil and Gas.
ARTICLE III.
The authorized capital stock Of
this corporation is hereby fixed in
the sum of thirty thousand $4,000,
dollars. divided into three hundred
300 shares of one hundred $500.
dollars each The corporation is au-
th0riZed to commence business
whenever one hundred 400 shares
of its capital stock is subscribed and
paid for. 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
mCnt 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 ".
The corporate powers of this cor
poration shall be vested in a board
Of directors consisting of ihree
stockholders who shall be annually
elected on The second Tuesday in
January. The first board of direc-
tors is declared to be K. S. Cayce,
J. W. Oliver and b. b. Terry, who
shall serve until the second Tuesday
in January 1912, or until their sue
this company shall be a president,
wee president, secretary and treas
urer. and the first of said officers is
declared to De +. 5. Cayce, president:
b. b. Terry, vice president, and J. w.
Oliver, secretary and treasurer. The
said officers shall be elected annual
ly on the second Tuesday in Janu-
airy. A majority Of the stock shall
elect the directors, and in all cleo
tlnns or proceedings of stockholders
each share of stock present or rep
resented by written proxy shall be
to one vote. Notice of ali |
elections or meetings of stockhoId- |
ers shall be advertised Ten days in
ually newspaper published in the !
city of Shreveport. provided. how |
ever that such notice may he |
waived by unanimous consent of the !
ARTICLE, V.
No stakeholder shall he liable on
account of any obligation to this
in any other sum than
he amount Of unpaid balance due
- sAiiii1 pil LIZ SUM StibSI1 1UI.
No irregularity or any informally in
shall have the effect of
this charter null or of ex-
posing any stakeholder to any liza
)ility beyond such unpaid balance.
ARTICLE VI.
This charter may be amended (ex-
'ept as to increasing or decreasing !,
Is capital stock by two-thirds
-ote of stock represented al meet
ne of the stockholders convened for
such purpose, after ten days pre-
nous notice by publication in any
me OF the newspapers of the city of
shreveport, Louisiana. Whenever
his corporation is dissolved by linn {
tatlOn or otherwise, its affairs shall |,
'e llquidated by three commissions
RS elected at stockholders meet
ng, who shall have full power to .
Wind up its affairs and settle its in
iebtedness.
In testimony Of all OF which the