The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-01
CHARTER
OF The Cayce Company

Before me, the undersigned ho,
,srv nublic. duly commissioned anu
sworn. appeared E. S. Cayce' D. -
Terry and J. w. Oliver, all residents
of shreveport, Caddo Parish, LOUIS
lana who declared to me that they
do hereby form themselves lnIo d
CORPORATION under the laws OF 'he
State of Louisiana, under the stipu-
lati6ns hereinafter set out, to-"l''
ARTICLE I.
The name and style of this corpor-
alton is hereby declared TO De Ing
Cayce Company; it shall have the
right to enjoy succession for ninety
nine years, with the right TO con-
tract sue and be sued; md to hoIo'
prrchase. lease, sell and hypothe-
cate property, real and personal; us
domicile shall be in the city Oh
Shreveport, Louisiana, and all clta-
tions and other legal process snail
be made on its president, or III MS
absence at the office of the company
according 10 law.
ARTICLE II.
The object for which this cofpof-
alton is organized and the nature OF
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 and gas.
ARTICLE III.
The authorized capital stock OF
this corporation is hereby fixed in
the sum of thirty thousand (S3O,0OO)
dollars, divided into three hundred
1900 shares of one hundred $500
dollars each. The corporation is au-
thorized 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
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 w.
The corporate powers of this cor
poration shall be vested in a 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 E. S. Cayce,
j. 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 of
this company shall be a president,
wee president, secretary and treas
urer, and the first of said officers is
declared teDe e. S. 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 JaEA
airy. A majority of the stock shall
elect the directors, and in all cleo
lions or proceedings of stockholders
each share of stock present or rep
resented by written proxy shall be
entitled to one vote. Notice of all
elections or meetings of stockhold-
ers shall be advertised ten days in a
daily newspaper publisher in the
city of Shreveport, provided, how
ever, that such notice NAV be
waived by unanimous consent of the
stockholders.
ARTICLE v.
No stakeholder shall be liable on
account of any obligation to this
corporation in any other sum than
the amount of unpaid balance due
by him on the stock subscribed for.
No irregularity or any informality 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 lex
cept as to increasing or decreasing
its capital stock by two-thirds
vote of stock represented at a meet
ing of the stockholders convened for
such purpose, after ten days pre-
vlous notice by publication in anv
one OF the newspapers of the city of
Shreveport, Louisiana. Whenever
this corporation is dissolved by linn
itation or otherwise, its affairs shall
be liquidated by three commission
|ers elected at a stockholders meet
ing, who shall have full power to
wind up its affairs and settle its in
debtedness.