The Caucasian. (Shreveport, La.) 1900-192?, 1911-04-18

missioned and sworn, on the 9th day of
March 1911, came and appeared the par
ties whose names are hereunto signed, |
who declared to me, notary, and to the |
undersigned competent witnesses, that
they do hereby form themselves into a
corporation, under the laws of the State
of Louisiana, and under the conditions
and stipulations herein set forth, to-
wit
ARTICLE |.
The name and style of this corpora
ton is hereby declared to be THE
WYLIE DRILLING COMPANY, and
under such name and style it shall have
and enjoy corporate existence for nine
ty-nine years from the date hereof, with
the right to contract, sue and be sued;
and to hold, purchase, lease, mortgage,
sell and hypothecate property, real and
personal, and for such other purposes as
are necessary or incident to the lands
and developing lands for oil, gas and
other minerals and for the transporta-
ton of oil and gas and the buying and
selling oil and gas and for the purpose
of drilling and exploring fos oil and
gas as may be necessary or incidental to
the carrying on of the business for
which this corporation is organized as
set forth in the following article. The
domicile of this corporation shall be in
the City of Shreveport, Caddo Parish,
Louisiana, where all legal process shall
be served according to law.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of this 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 explore lands in the
State of Louisiana an elsewhere as the
board of directors may see proper, tor
oil, gas and other minerals, to lease.
suitcase, buy and sell lands, to lay pipe
lines and generally to do and to perform
any and everything necessary to carry
out the purposes for which this corpora
ton is organized.
ARTICLE Ill .~
The capital stock of this corporation
| is hereby fixed in the sum of twenty five
thousand dollars ($2s,oeo.oo) divided
into two hundred and fifty (25o) shares.
at the par value of one hundred dollars
(SIoooo) per share; this corporation IS
to commence business when fifteen
thousand dollars ($Isyooo.oo) of the
capital stock shall have been subscribed
1 for either in cash or such equivalent OF
cash as the board of directors may ap-
prove.
ARTICLE ".
The corporate powers of this corpora
/ ton are hereby vested in board of di-
rectors composed of three stockholders,
who shall be elected annually on the
third Monday in March of each year,
beginning with 1912. The first board OF
directors, who shall serve until such
date as their successors are elected and
qualified, are hereby declared to be b
is. Cayce, F. E. DeVore and r. Wylie.
The officers Of this corporation shall be
president, vice president and secretary
treasurer, all of whom shall be directors.
| The powers and authority of these OF
ficers shall be fixed by bylaws to be
tadooted BY the, directors of the corpora
ltion. The first officers of the corpora
Ition. who shall serve under their sue
Icessors are elected by the next board OF
directors and qualified, are hereby de-
cleared to be: President, E. S. Cayce
vice president, F. E. DeVore; secretary
treasurer. R. Wyiie At all meetings OF
the stockholders for the election OF d.
rectors, or for any other purpose tex
lcept the increasing and decreasing OF Its
capital stock) the majority OF STOCK
present or represented at such meeting
sha1f control; each share of stock to Dc
entitled TO one vote, to be cast IN person
Tor by proxy. Notice of all elections OF
of the meetings Of the stockholders
shall be given by ten days notice by reg,
: istered mail addressed to each stock
holder, which shall be taken as full no
tice. without the necessity of any adyer
tisen1ent. Notice of all meetings OF tn
hoard Of directors shall likewise D.
given by notice to each director by reg
istered mail ten days before the pro
posed meeting. and such notice having
been oiver, or waived in writing by tn
directors, two directors shall constitute
quorum for the transaction OF bust
ARTICLE v.
No stockholder shall be liable on &C
count Of any obligations Of this coEpor
.t;on n any other sum than the amour