The Caucasian. (Shreveport, La.) 1900-192?, 1912-06-30
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 ap-
peared the several persons whose
names are hereto subscribed, who
declared that they do hereby form
corporation, under the laws OF the
State of Louisiana for the objects
and purposes and under the stipula-
tiOns following, tO-Wit:
ARTICLE I.
The name Of this corporation
shall be The Commercial Gas and
Oil Company, with its domicile in
the city Of Shreveport, Caddo Par
ish. Louisiana, and under its SAID
corporate name it shall have and
enjoy succession for a period OF
ninetv-nine (99J years, unless soon
er dissolved as hereinafter speci-
fled. All legal process shall he
served on the president, or in his
absence at the office Of the com
pany, according to law.
[ ARTICLE II.
The objects and purposes for
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; to
make and use a corporate seal and
the same, to alter at pleasure; to
hold, receive, purchase, improve,
ALLEVIATE, convey, sell, borrow, mort
gage and hypothecate under the cor
porate name all 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
munities given by the laws OF the
State of Louisiana to corporations
organized for similar purposes.
ARTICLE ". =, 49,. ..
The capital stock of this corpora
ton is hereby fixed at the sum of
one hundred thousand ($i00,0O000)
dollars, divided into one thousand
$1,000 shares of one, hundred $500
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
fS4,000O0) dollars shall have been
subscribed and paid for.
ARTICLE V.
The corporate powers OF this cor
poration shall be vested in board
of directors composed of nine (9)
stockholders, who shall be elected
annually on the first Monday in
June. The first board of directors is
declared TO be 7. P. Lloyd, A. A.
Herold, E. L. Sanderson, j. A. Selby,
o. L. Hickman, G. A. Fory, Z. b.
Hands, A. f. Gordon and F. Jeshel
mix, who shall serve until their sue
cessors are chosen. Five members
shall constitute a quorum OF the
board of directors for the transac
ton of business. The officers of
this corporation shall be a presi-
dent, a vice president and general
manager, a secretary and treasurer;
and the first of said officers are de-
clared to be I. P. Lloyd, president;
g. 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 daily
newspaper when required by law.
Failure to hold an election for d.
reetors on The day named shall not
dissolve the corporation, but the in
cumbent directors shall hold over
until their successors. are duly elect
ed and qualified. Any vacancy in.
the board Of directors shall be filled