The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-24
CHARTER
Or The Cayce Company.

!
tGry public, duly commissioned and
sworn. appeared T.. s. Cayce, B. B
Ferry and J. w. Oliver, all residents
iot Shreveport. Caddo Parish, Louis
iana. who declared to me that they
tlo hereby form themselves into a
corporation under the laws of the
State of Louisiana, under the stipu-
lations hereinafter set out, to-wit:
! ARTICLE /.
The name and style of this corpor-
alton is hereby declared TO be The
Gayce Company; it shall have the
right TO enjoy succession for ninety
| nlnc 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
domlclle shall be in the city of
Shreveport. Louisiana, and all eta
tons and other legal process shall
be made on lis president, or in his
absence al 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
lare 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 rs 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
800 shares OF one hundred $500
dollars each. The corporation is au-
lhorized 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
mol less than its par value, and all
stock issued by this corporation
shall he fully paid and non-assess-
able, provided, however. that the
corporation may issue stock in pay
mont 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
pnration 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 10 be +. S. Cayce,
-. 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 president,
wee president, secretary and treas
urer, and the first Of said officers is
declared to ne +. S. Cayce, president;
3. b. Terry, vice president, and j. w.
Oliver secretary and treasurer. The
said officers shall be elected annual
~ on The second Tuesday in Janu-
airy. 4 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-
trs shall be advertised len days in a
daily newspaper published in the
city Of Shreveport, provided, how
ever, that such notice may be
waived by unanimous consent of the
stockholders.
ARTICLE Y.
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 irrogularity or any informally in
Organization shall have The effect of
rendering this charter null or of ex-
posing any stakeholder to any La
billy beyond such unpaid balance.
ARTICLE vi.
This charter may be amended Tex
cept as to increasing or decreasing
| It's capital stock by a two-thirds
vote OF stock represented at meet
| ing of the stockholders convened for
lsnell purpose, after ten days pre-
lvious notice by publication in any
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
ldebtedness.
In testimony Of all of which the