The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-31
CHARTER
OF The Cayce Company.


Terry and J. w. Oliver, all residents
of Shreveport, Caddo Parish, Louis
lana, who declared to me that the!
do hereby form themselves into ;
corporation under the laws of th'
Estate of Louisiana, under the stlpu-
latfons hereinafter set out, to-Wit:
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 tire 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 III the city OF
Shreveport, Louisiana, and all eta
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 c0rpor-
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 Ill.
The authorized capital stock of
this corporation is hereby fixed in
the sum of thirty thousand (S36,000)
dollars, divided into three hundred
900 shares of one hundred $500
dollars each. The corporation is au-
thoriZed 10 commence business
whenever one hundred 400 shares
Of its capital stock is subscribed and
paid for. The capital stock OF this
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
may issue stock in pay
ment Of lands or leases or other
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
poration shall be vested in 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 to De E. S. Cayce, president;
b. B. Terry, vice president, and J. w.
Oliver, secretary and treasurer. The
said officers shall be elected annual
~ on the second Tuesday in Janu-
ary 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 len days i'll a
1aily newspaper published in the
city of Shreveport, provided, how
ever, that such notice may be
waived by unanimous consent of the
ARTICLE V.
No stakeholder shall be liable on
account of any obligation to this
in any other sum than
The 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-
posing any stakeholder to any liza
bility beyond such unpaid balance.
ARTICLE VI.
This charter may be amended Tex
cept as to increasing or decreasing
its capital stock by two-thirds
vote of stock represented at meet
ing Of the stockholders convened for
such purpose, after ten days pre-
vious 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 stockholders meet
ing, who shall have full power to
wind up its affairs and settle its in
In testimony of all of which the
said above named parties have here
10 affixed their signatures in the
presence Of S. F. Talbert and S. T..