The Caucasian. (Shreveport, La.) 1900-192?, 1912-06-13
CHARTER
Of the Commercial Gas and Oil
Company.

State Of Louisiana, Parish OF Cad
do: Before me, the undersigned au-
thOrity, on this day came and APP
peared the several persons whose
names are hereto subscribed, who
declared that they do hereby form a
corporation, under the laws OF the
State of Louisiana for the objects
and purposes and under the Stlpula-
tons following, tO-Wlt:
ARTICLE |.
The name of this corporation
shall be The Commercial HAS and
Oil Company, with its dOmIclle II
the city of Shreveport, Caddo Par
ISL, Louisiana. and under its SAID
corporate name it shall have and
enjoy succession for period OF
ninety-ninc l99l years, unless soon
err dissolved as hereinafter specl-
fled. All legal process shall be
served on the president, or in his
absence at the office of the com
pany, according to law.
ARTICLE II.
The objects and purposes Tor
which this corporation IS organized,
and the nature of business TO be
carried on, are 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 it or
| others in the State of Louisiana or
| elsewhere in the United States: to
drill wells and sell the production
thereof: and generally to do any and
all things necessary to be done in
the furtherance of such objects and
purposes.
| ARTICLE III.
This corporation shall have power
| to contract, sue and be sued: tC
make and use a corporate seal ant
the same to alter at pleasure; tC
I hold, receive, purchase, Improve
| dllt1ldIt, bOllNtS, otil. boI Io", hiOI
gage and hypOtheCate under the cor
pOrate name all kinds Of property
land to make and establish such
frules and regulations for the proper
management of the affairs as it ma!
deem necessary, and the same t(
alter and change at pleasure; and t.
enjoy all other privileges and i'm
munities given by the. laws of The
| State of Louisiana to- corporation
organized for similar purposes.
i ARTICLE ~
7 The capital stock of this corpora
ton is hereby fixed at the sum o
one hundred thousand (SiO0,0 100000
dollars, divided into one THOUSAND
$1,000 shares of one hundred (S10O
dollars each, payable at the time o
its issuance, in cash or otherwise
The stock may be paid for either il
cash or for its equivalent in prop
: erty or actual services performed
This corporation shall commenc
business as soon as four thousan
(S4,OOO00) dollars shall have bee
subscribed and paid for.
- ARTICLE V.
The corporate powers of this cor
+ poration shall be vested in a boar
4 of directors composed of nine g
] stockholders, who shall be electe
. annually on the first Monday
: June. The first board of directors
declared to be I. P. Lloyd, A. 4
! Herold, E. l.. Sanderson, J. A. Selb!
10. l.. Hickman, G. A. Fory, E.
, Hands, A. E. Gordon and F. Jeshe
}. mix, who shall serve until their SUE
9 cessors are chosen. Five member
e shall constitute a quorum Of tn
board of directors for the transat
ton of business. The officers {
this corporation shall be pres
II dent, a vice president and gener;
n manager, a secretary and treasurer
q and the first of said officers are d'
n clared to be T. P. Lloyd, presiden
e E. l.. Sanderson, vice president an
general manager; and A. A. Herol
i secretary and treasurer, and the
: shall serve until their successor
/ are chosen. Said officers to be cleo
K ed annually on the first day of Jun
A majority of the stock presel
q shall elect the directors, and in a
e elections or proceedings OF stocl
i holders each share of stock presel
IS or represented by written prov
II shall be entitled to one vote. Motto
t, of all meetings of stockholders sha
/ be advertised ten days in dai
newspaper when required by LAY
Il Failure to hold an election for d
Z rectors on the day named shall n
q dissolve the corporation, but the i
n cumbent directors shall hold oy,
e until their successors are duly cleo