The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-28
CHARTER
or the Mitchell Oil Company, lncor
pOrated.

stoned and sworn, appedltu IA.
chrII, J. f. Byrd, R. 5. Ayers, W H.
spence and H. w. Peek, all OF "lioiil
reside in the Parish Of Caddo, State
Of Louisiana. except the last WV
named. who reside in Dallas county,
Teyas who declare to me that tiiPN
do hereby form themselves INTO
corporation, under the laws ol '''e
State of Louisiana, under the stlpu-
Iations hereinafter set out, to-"lI'
ARTICLE |.
rbn name and stvlp Of this cor
noration is hereby declared to be lhe
Mitchell Oil Company, Incorporated
il shall have The right TO ENJOY sue
rrssion for ninety-nine (99) years,
with the right to contract, sue anu
be sued. and to hold, purchase lease,
sell and hyp0thocate property, real
and personal: its dOmicile shall De Ill
the city of Shreveport, LOUISIANA
and all citations and other legal pro-
cess shall be made on its president,
or in his absence, on the vice pfeol-
dent. or in the absence OF the vice
president, on the secretary ana
treasurer, at the office of the com
panv, according to law.
ARTICLE II.
The object TO which this corpor-
alton is organized and the nature OF
the business to be carried on by 1t
are hereby declared to be to drill
and explore lands in the State OF
Louisiana and elsewhere, as the
board of directors may see proper,
| for oil. gas and other minerals, to
lease, buy and sell lands to lay all
necessary private pipe lines and gen
orally to do and perform all things
which are necessary in the business
of buying and selling mineral lands
and of developing lands and oil, gas
and other minerals.
ARTICLE III.
The capital stock of this corp0r-
alton is hereby fixed in the sum OF
Thirty Thousand $4,000 Dollars,
divided into one thousand two hun
dred 4 200 shares Of par value OF
twenty-five ($23.00) Dollars each,
and said corporation is authorized
to commence cuisines whenever Two
| hundred shares of its capital stock
is subscribed The capital stock OF
said corporation shall be paid for III
cash or its equivalent.
ARTICLE ".
The corporate powers of this cor
pOratiOn shall be vested in board
Of directors, consisting of five
directors, who shall annually be
, elected beginning on the fourth
Tuesday in July 1913, three Of whom
shall constitute a quorum. The first
I board Of directors are declared to be
\. Mitchell, J. +. Byrd, R. s. Ayers,
W. L. Spence, H. w. Peck, who shall
serve until their successors arr
elected. The officers of this cor
pOratiOn shall be a president. vice
president, secretary and treasurer,
and the first of said officers are de
clared to be: A. MITCHELL president:
j. +. Byrd, vice president; r. s. Ay-
erS, Secretary and treasurer: said
officers shall be elected annually.
by the directors Oh the fourth Tues
day in July Of each year. a majority
of the stock shall elect the directors
and in all elections or proceedings
of stockholders, each share Of stock
present, or represented by a written
proxy shall be entitled to one vote.
Notice Of all elections or meetings
Of stockholders shall be advertised
ten days in the daily papers, direct
ors shall be chosen at the office OF
the company.
ARTICLE V.
No stakeholder shall be liable on
account of any obligation of this
corporation in any other sum than
the amount of unpaid balance due
by him on stock subscribed for. No
irregularity nor any informally in
organization shall have the effect of
rendering this charter null or of ex-
posing any stakeholder 10 any liabil-
ity beyond such unpaid balance.
ARTICLE VI.
This charter may be amend lex
cept as to increasing or decreasing
its capital stock by a 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 anv
one of the newspapers 'of the city
of Shreveport, Louisiana.
Whenever this corporation is dis
solved by a limitation or otherwise.
its affairs shall be liquidated hv
three commissioners elected at a
stockholders meeting, who shall have
full power to wind up its affairs and
settle its indebtedness.