The Caucasian., 1912-08-04
!, apparatus and de-

right and power to enter upon
vatn RIGHTS Of way. easements an"
properties of all persons ana ,Nl
noratiors. and to have the rlSfll VI
Iaving it's pipes and pipe iiii''
arross and under any public roan'
railroad. right Of way, street ram =
road canal or stream, or Deu VI
lake: TO lay its pipes and pipe lilies
across and under any street Or ailoS
in any incorporated city, or lo"n'
with the consent and under the III,
rection of the proper authorltles VI
such cities or towns. Also to carry
on the business of producing, REIN
ing and storing petroleum producls
and vegetable and mineral OIL pro
ducts Also to buy, rent and lnstal'
tanks. cars and loading tracks Tor
the transportation of oil IN cruoe
or refined form.
ARTICLE III.
The capital stock OF t1ls corpora.
ZION is hereby fixed at the sum VI
one million (s1,OOO,OO0) dollars, dl-
vided into and represented by forty
thousand 100000 shares OF the par
value of twenty-five (S25.OO) dollars
per share. which shall be paid 1or
in cash or it's equivalent at the time
of IFS issuance. This corporation
~hall 0s authorized to commence
business as soon as one nundfeu
thousand 100000 dollars OF It's
.apitaI stock shall have been SUB
scribed fov and paid in cash or us
equivalent: No stock shall be sold
for less than par, and for cash or
property rights satisfactory to lhe
uOar1 Of directors.
ARTICLE ".
The corporate powers OF TINS cor
oOratiOn shall be vested III and eA-
ercised by a board of seven dlrec-
tors four Of whom shall constitute
q quorum for the transaction OF
business, and all of the directors
shall be stockholders of this com
pany, The board of directors shall
be vested with pOweS and authority
to make all contracts, purchases,
leases. sales, etc, in the prosecution
of the business of the company, and
to adopt o code Of bylaws, rules
and regulations for the management
of the business and affairs OF the
company. and may alter, amend and
change the same at pleasure. Inc
board u directors shall elect the Oh
ficers of this corporation, and ap-
point. hire and discharge all DILL
cials. agents and employees, fix their
compensation, and generally do. and
perform all things and acts neces-
sary in the prosecution OF the en-
terprises of the company. Vacancies
occurring in the board OF directors
by death, resignation or otherwise,
shall be filled for the unexplred
time N the remaining directors.
The same person may be secretary
and treasurer. The first board OF dl-
rectors of this corporation shall be
composed of E. R. Ratcliff, F. w.
Plumb, R. I. Layne, R. H. Davis,
Yates Holmes, H. R. Ratclltf, w. A.
Mabry. The officers of this corpora
ton shall be. as follows: E. R. Rat
cliff. president; F. w. Plumb, vice
president: R. T. Layne, secretary;
.R.H. Davis. treasurer. This board OF
directors and the officers shall re-
main in office until the first Mon
day in September 1913, or until their
successors shall have been elected
and qualified. On the first Monday
in September and annually there
after, ali election of directors shall
be held in the office of the company
in Shreveport, La, notice OF which
meeting shall be given in any one
of the newspapers published IN the
CITY of Shreveport, for ten (i0) days
prior to the date of the meeting.
Should for any cause this meeting
not be called or advertised at the
time mentioned, then it may be
called and advertised for later
date, and a meeting held at such
later date shall have the same eff
cienc yand force as though held on
the first Monday in September. Al
all stockholders meetings each share
of stock shall be entitled to one
vote either in person or by proxy in
writing. The term of office of no Of
fetal. agent or empIoye shall extend
beyond the term Of office of the
board of directors which elected or
appointed him. If no term be fixed
during which an official or employe
is to hold office, then his tenure of
the place shall be at the discretion
of the board of directors.
ARTICLE Y.
This act of incorporation may be
amended, or the corporation itself