The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-21
CHARTER
Of the Commercial Gas ana VII
Company.

40. R,rorr me, the undersigned az"
thoritv, on this day came ana "P
pp2rrd the several persons WHO'S
name, are hereto subscribed VIII
I.rl,r.d that they do hereby 1oril i
rorporaton. under tn" laws o. '''
Stale Of Louisiana for IN" ohl'r''
and ruruosrs and under In" StlpUla-
tionS following, to-WIl:
ARTICLE I.
The name Of this corporation
shall he The Commercial Gas anu
Oil Company, with its domlrIIe Il
fine citv of Shreveport. taddo Far
ish. Louisiana, and under lis Sa'l
cornoralr name it shall have ana
enjoy Succession for a period OF
ninnIv-ninr l9o1 wears, unless soon
or dissolved as hereinafter specI-
fled. All legal process Sllall he
served on the president, or III MS
absence at the office Of the com
panv, according to law.
ARTICLE II.
The objects and purposes 1Or
which this corporation IS Organlzeu'
and The nature Of business to be
carried on. ar" as follows: The pur-
chasing and selling of real estate
and oil lands: to develop, oil, gas or
other minerals ON any property
owned. leased or controlled by 1t or
others in the state of Louisiana or
elsewhere in thr United States; to
driII wells and soil thp production
thereof: and generally to do any and
all things necessary to be done IN
the rurlhrranrc of such objects and
purposes.
ARTICLE ia.
This corporation shall have power
to contract, sue and be sued; to
make and Use corporate seal and
the same to alter at pleasure; to
hold. rccciEe, purchase, improve,
ALLEVIATE, convey, sell, borrow, mort
gage ans hygotAecate under the cor
pOrate name oil kinds Of property,
and to make and establish such
rules and regulations for the proper
management of The affairs as it may
deem necessary, and the same to
alter and change at pleasure; and 10
enjoy all other privileges and i'm
munitics gisen by the laws of the
State of Louisiana to corporations
organized for similar purposes.
ARTICLE ".
The capital stock Of this corpora
ton is hereby fixed at the sum Of
one hundred thousand 100000
dollars. divided into one thousand
900 shares OF one hundred 800
dollars each. payable at the time Of
its issuance, in cash or otherwise.
The stock may be paid for either in
cash or for its equivalent in prop
erty or actual services performed.
This corporation shall commence"
business as soon as four Thousand
(SLO000Og dollars shall have been
subscribed and paid for.
ARTICLE V.
The corporate powers Of lliS cor
pOraiOn shall be vested in a board
of directors composed Of nine ~
stockholders, who shall be elected
annually on the first Monday in
June. The first board of directors is
declared to 81 T. p: lloyd, A. A.
Herold, L. l.. SandersOn. J. 4. Selby,
.. l.. Hickman, 6. y. FOry, f. b.
Hands, \. f. Gordon and f. Joshcl-
mix, who shall serve until their sue
ccssOrs are chosen. Five members
shall constitute quorum Of the
board of directors for the transac-
ton Of business. Tile officers Of
this corporation shall be a presi-
dent, a vice president and general
manager, secretary and treasurer:
and the first Of said officers are de
clared to be Z. P. Lloyd, PRESIDENT;
f. l.. SanderSOn, vice president and
general manager; and A. A. Herold,
secretary and treasurer, and they
shall serve until their successors
are chosen. Said officers to be elect
ed annually on the first day of June.
A majority of the stock present
shall elect the directors, and in all
elections or proceedings of stock
holders each share of stock present
or represented by written proxy
shall be entitled to one vote. Notice
of all meetings of stockholders shall
be advertised ten days in q daily
when required by law.
Failure to aold an election for di-
rectors on the day named shall not
dissolve the corporation, but the in
cumbent directors shall hold over
until their successors are duly elect
ed anG qualified. Any vacancy in
the board of directors shall be filled
by the remaining firectOrs.