The Caucasian. (Shreveport, La.) 1900-192?, 1911-08-20

the purpose of developing same for
oil. gas and other minerals: to en-
gage in the business of producing OIL
and gas and other minerals; an0
generally to do such things as are
incident to the business of produc-
ing oil and gas and selling and dis
posing of the same: such operations
to be carried on within the State OF
Louisiana or elsewhere in the dis
erection of the board of directors Of
this company.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed in the sum OF
twenty-five thousand ($25,000) dol
lars, divided into two hundred and
fifty ESQ shares of one hundred
(SiO0) dollars each, which shall be
issued at not less than par, and shall
be paid for in cash or its equivalent
when issued, and all of which stock
shall be full paid and non-assess-
able; provided that this corporation
may begin business when one hun
dred 400 shares of its capital stock
is subscribed and paid for.
ARTICLE V.
The corporate power of this cor
pOration shall be vested in board
of directors of seven ID stockhold-
ers, who shall be elected on the
sevond Saturday in July 1912, and
annually thereafter. The first board
of directors is declared to be J. NJ.
Robinson, S. Wiener Jr., R. L. String
fellow, w. X. Henderson ST., I. s.
Hutchinson, w. V. Robson and G. w.
Brown, who shall serve until their
successors are chosen. The officers
of this corporation shall be presi-
dent, vice president, secretary-treas-
uPer, and general manager; and the
first of said o1ncers is declared to be
J. NJ. Robinson, president; S. Wiener
Jr., vice president, and R. L. String
fellow, secretary-treasurer and gen.
eral manager, and they shall serve
until their successors are chosen las
herein provided for. Three or more
members of this board shall consti-
tute quorum. The majority of the
stock present shall elect the direc-
tors. and in all elections or proceed
ings uf stockholders each share of
stock present or represented by
written proxy shall be entitled to
one vote. Notice of all elections or
meetings of stockholders shall be
advertised ten days in Shreveport
daily paper. Directors to be chosen
at the office of the company.
ARTICLE VI.
Failure to hold an election for the
directors on the day named shall not
dissolve the corporation, but the in
cumbent directors shall hold over
until their successors are duly quail
flied and elected. Any vacancy in the
board shall be filled by the remain
ing directors. The board of direc-
tors shall have the power to con-
tract debts, borrow money, buy and
lease property, and do all things
necessary to carry out the objects
and purposes of the corporation.
ARTICLE VII.
No sale of stock shall be valid or
binding OIL the corporation until the
same has been transferred on the
books of the company; no transfer
or sale of stock shall be made by any
stakeholder of this corporation
without his giving this company ten
days notice of his intention to sell
and giving the said corporation the
preference of buying same. Nc
stakeholder shall be liable on any
obligation of this corporation in any
further sum than the amount of I'M
paid balance on his stock On failure
of stakeholder to pay for stock
subscribed, it shall be optional with
the board of directors to declare the
delinquent shares forfeited to the
corporation or to sue the subscriber
for the price due them on all, stock
to be sold for not less than par.
ARTICLE VIII.
This corporation is authorized te
increase its capital stock by a two
1 thirds (2-3) vote of all the, stock
holders at meeting held according
to law; said original stakeholder:
shall have a right to participate il
said increased issue of stock in pro-
portion to holdings of original stock
holders, and in defauy thereof thu
stockholders shall have the right t.
purchase said stock before it is of.
1 f6red to third persons.
: ARTICLE TX.
/ This charter may be modified
: changed or dissolved or amended il
any way Except to increase or oil
j minish its capital stock with the as