The Caucasian. (Shreveport, La.) 1900-192?, 1911-09-19
CHARTER
Of The Cayce Company.

Before me. the undersigned no.
Itary public, duly commissioned and
sworn. appeared E. S. Cayce, B. 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 a
corporation under the laws of the
State of Louisiana, under the stipu-
latf6ns 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 the right to con-
tract. sue and be sued: and to hold
purchase. lease, sell and hypothe-
cate property, real and personal; its
donicile shall be in the city OF
Shreveport, Louisiana, and all eta
tions 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 eorpor-
ntion 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 aud 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 produe-
ing oil and gas.
ARTICLE III.
The authorized capital stock of
this corporation is hereby fixed in
The sum OF thirty thousand {S30.000l
dollars, divided into three hundred
5000 shares Of one hundred (Sl00
dollars each. The corporation Is au-
thofized to commence business
whenever one hundred 900 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, and all
stock issued by this corporation
shall be 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
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 10 be L. s. Cayce,
j. w. Oliver and B. B. Terry. who
shall serve until the second Tuesday
IN January 1912, or until their sue
eessors 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 b. S. Cayee, president;
B. B. Terry, wire president, and j. w.
Oliver, secretary and treasurer. The
said officers shall be elected annual
II on the second Tuesday in Janu-
airy. a majority OF the stock shall
elect the directors, and in all cleo
tons 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 stockhofd-
ers 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 u.
No stockholjer shall be liable on
account of any obligation to this
corporation in any other sum than
the amount Of unpaid balance due
b him on the stock subscribed for.
No irregularity or any informality in
organization shall have the effect of
This charter nnil or OF ex-
posing any stakeholder to any La
bility beyond such unpaid balance.