The Caucasian. (Shreveport, La.) 1900-192?, 1911-12-31
CHARTER
OF The Indian Drilling Company.

Deared, on the date nefelll, inc SeN-
eral parties whose names are here
unto signed, and who declared TO me,
notary. in the presence of the attest
ing competent witnesses, that they
do hereby form themselves into
CORPORATION or body polite, as we'll
as such other persons as may here
after become associated with them,
under the laws Of the State Of Louis
lana, and they do hereby adopt as
their charter the following articles
of agreement, tO-wit:
ARTICLE l.
The name of this corporation shall
be The Indian Drilling Company,
with It's domicile in the town or viii
lage Of Vivian, IN The Parish OF Cad
do, State Of Louisiana, aud under It's
corporate name ii shall have and en-
10y succession for a period OF fifty
wears. unless sooner dissolved as
hereinafter provided All legal pro
cess shall be served on the president,
or in his absence on the vice presi-
dent. or in his absence on the secre-
tary treasurer.
ARTICLE II.
The objects and purposes Tor
which this corporation is organized
and the nature Of the business to be
carried on by it are hereby declared
TO be to buy and sell mineral lands
and rights, and to drill, mine and ex-
plore lands in the State of Louisiana
and elsewhere as the board of dlrec-
tors may see proper. for oil, gas and
other minerals; to lease, suitcase,
buy and sell lands, to lay pipe lines
and generally to do and perform any
and erything necessary to carry
out The purposes for which this cor
poratiOn is organized.
ARTICLE H.
The capital stock of this corpora
ton is fixed at the sum of ten thOus-
and dollars (Si0,000001. divided into
ten thousand shares Of one dollar
per share, par value, and this cor
poralion shall be going concern
when fifty per cent of the said capt.
lal stock shall have been subscribed
for and paid in. No stock shall be
issued until same is fully paid for,
and it may issue for cash, for labor
or for property received at yalua-
ton deemed reasonable by the board
of directors.
ARTICLE III.
The affairs of this corporation
shall be managed and directed by a
board of directors consisting of three
stockholders, who shall be elected
annually at general meeting of the
stockholders called for that purpose
on the third Monday in November OF
each year hereafter, and The said
stockholders shall elect their own
officers and shall hold their office
until their successors are duly elect
ed and installed. Until the said cleo
ton on said second Monday in No
vember hereafter the following shall
compose the board Of directors OF
this corporation, to-wit: John Bird
well Jr., president of said board; P
n. BirdWell. who shall be vice presl-
dent; and r.. r. Holmes, who shall be
secretary treasurer. Any vacancy ir
said board Of directors shall be filled
by the remaining directors, electine
a stakeholder for the unexpired
term.
ARTICLE v.
This act of incorporation may be
amended and the capital stock in
creased or decreased, or this corpor-
alton may be dissolved by vote OF
three-fourths of its stockholders in
amount at stockholders meeting
called for that purpose in accord
ance with the laws of the State OF
Louisiana, and at all stockholders
meetings each share of stock shall
be entitled to one vote. to be cast by
its owner either in person or by
proxy, when not otherwise provided
by law: all stockholders shall be no.
titled at least ten days prior to any
meeting of stockholders by a letter
addressed to them at their usua
postoffice address, but nothing here
in contained shall prevent sale
stockholders from waving notice O
such meeting and censenting to tbs
holding thereof at an earlier date
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or respon-
sible for the contracts or fault:
thereof in any further sum than tht
unpaid balance due on his stock, mol
shall any mere informally have th'
effect of rendering this charter null
or of exposing a stakeholder to any
loss beyond the amount paid for hi!
stock and subscribed by him.
In witness whereof the said parties
hereunto signed their names in tn
presence of me, notary, and the IN