The Caucasian. (Shreveport, La.) 1900-192?, 1912-12-15
CHARTER
OF the Caddo Rock Drill Bit CGW-
pany.

the 10Th day OF November 4. -.
1912 before me, r. +. Bell Jr.. no.
ia,'r public in and for the Parish Of
Caddo and State of Louisiana, duly
commissioned and G'lalified. person.
ally came and appeared the several!
persons whose names are hereunto
subscribed. who declared that avail
ing themselves Of the laws of the
State Of Louisiana in such cases
made and provided. they by theSa
presents do constitute ana form
themselves, as we'll as such other
persons as may be associated with
them. into corporation and body
polite in law, for the business and
purposes as described and set forth
herein, and under the following ar
ticIes of incorporation:
ARTICLE |.
The name and title of this cor
peration shall be: The Caddo Rock
Drill Bit Company. Its place of DOM
leiie shall be the City of Shreveport,
caddo Parish, La. IT shall have and
enjoy succession for a period Of
fifty years from date Of this act, IN
less terminated sooner for causes
other than that of limitation. Al
citations or other legal prOcrSsc,
shall be served on the president, Or
in his absence on the vice president
or secretary in The order named Il
shall Rave power TO make and Use
corporate seal. Under its corporate
name it shall sue and he suel plead
and be impleadad: appear, answer
and prosecute in all courts of JUS
tice. 1t shall have power to manu-
fasture, buy, lease and sell all kinds
Of machinery, particularly that
class of machinery which is used in
drilling wells for oil and gas and
water; and more especially drilling
bits used for drilling through rocks
AID stones. 1t shall have power to
ISNn and hold real and PERSONAL
property, and to sell and dispose Of
same; 10 contract and otherwise tol
exercise all powers which ore not
pEohibitive under the laws of The
Nate of Louisiana to such corpora
lions.
..s- ARTICLE II. /
The authorized capital stock OF
this corporation is hereby fixed at
ten thousand dollars, divided into
enc hundred shares of the par value |
Of one hundred dollars. 1t shall be
authorized 10 commence business |
and shall be a going concern when
ever the sum of five thousand dol
lars or, more. of its. capital stock
shalt have been subscribed for. The
capital stock may be issued for
cash or IFS equivalent in real or per-
scnal property or for labor Or ser,
vices performed, as may be APP
proved by the board of directors.
All capital stock subscribed for
shall be paid for in the following
manner and time: Fifty per cent or
more shall be paid for in cash or in
property or services or labor per-
formed within thirty days after the
filing of this charter, and the re-
mainder on the call of he board of
The shares of stock of
this corporation shall be transfer
able only on the books of this COM
pany, and no transfer shall be bind
ing on this corporation until the
same shall have been entered on its
books. No stock oil, this corporation
shall be sold by any holder thereof /,
IN the open market except after ten
lays priOr. notice of intention to sell
has been given the company. during !
which time the; other. STOCKHOLDERS
shall have the privilege of purchas-
ng the same, and this; clause shall
Ne printed OF the face of each ceE-E
iAcate of stock issued by the COM
sany.
ARTICLE 1T.
The corporate powers OF this aa.[.,
ISOLATION shall be vested III and .ex,<l !
'rcised by,a board of.directors, eonsE.
listing Of seven fits stockholders, !
our of hom shall constitute a quo :
um. The first beard of .directoEs ,is: ]
hereby declared aGbe::J. LsfKiInbelI :
!. N. Robinson. J. C. Willis, w. L :
loung, G. A. Humason, C. +. Brown :
. w. Prescott. Of this. board w. L. :
-enng shall be president 6. IA: HUI !.
aason, vice president; C. f. Brown,
erretary, and ]. G. Willis, treasur-f' =
T. The said officers and directors I
hall hold Office as such until theifl !. :
,,ceessors shall have been elected !. .
nd qualified. Alt subsequent boaras1.u
t directors shall be electat iaiae e
on the second Tuesday o
November of each year y; spciii =
cards of directors shaN HAVE Tho g
over TO designate the officers and g
Employees Of the company. At all =
lections each share q, stack shall, g
u A j