The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-15
CHARTER
OF The Cayoe Company.


tary public, duly commissioned and
sworn. appeared E. S. Cayce, 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 q
corporation under the laws Of the
State of Louisiana, under the stipu-
latf0ns hereinafter set out, t0-wlt:
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 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 cita-
tons and other legal process shall
be made on its president, or in 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 of
the business to be carried on by it
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 100000
dollars. divided into three hundred
300 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, ana 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
hoard of directors of this company.
ARTICLE ".
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 he E. S. Cayce,
j. w. Oliver and B. B. Terry, who
shall serve until the second Tuesday
i'll 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 to be E. s. Cayce, president;
b. b. Terry, vice president, and ]. 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
tions or proceedings of stockholders
each share of stock present or rep
resented by written proxy shall be
to one vote. Notice of all
elections or meetings of stockhold-
ers shall be advertised Ten days in
daily newspaper published in the
city OF Shreveport, provided, how
ever, that such notice may be
waived by unanimous consent of the
ARTICLE Y.
No stakeholder shall be liable on
account of any obligation to this
in any other sum than
he amount of unpaid balance due
by him on the stock subscribed for.
No irregularity or any informally in
shall have the effect of
this charter null or of ex-
losing any stakeholder to any liza
,ility beyond such unpaid balance.
~ ARTICLE vi.
This charter may be amended lex
,ept as to increasing or decreasing
is capital stock by a two-thirds
1ote of stock represented at a meet
ng of the stockholders convened for
such purpose, after ten days pre-
1ious notice by publication in any
me of the newspapers of the city of |
Louisiana. Whenever
his corporation is dissolved by linn
tation or otherwise, its affairs shall |
'e liquidated by three commission
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
aid aa0yn Tanaod r1aT.4;ae bax,a bono