The Caucasian. (Shreveport, La.) 1900-192?, 1912-06-23

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peared the several. persons whose
names are hereto subscribed, who
adeclared that they do hereby form a |
cornYati0n, under the laws of The
Stafe of Louisiana for the objects !
and purposes and under the stipula-
tions following, to-wit:
*. ARTICLE I.
AThc 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
.ninety-nine 800 years, unless SOON
er dissolved as hereinafter speci-
fled. All legal process shall be
served on the president, or in his
absence at the office of the come
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 amy 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 T..
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 inn
munities given by the laws Of the
State of Louisiana to corporations
organized for similar purposes.
ARTICLE ". 80.
The capital stock of this corpora
ton is hereby fixed at the sum OF
one hundred thousand (Si00,00000)
dollars. divided into one thousand
,00O) shares of one hundred (Si00)
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
eric or actual services performed.
This corporation shall commence
business as soon as four thousand
ls4o00.O0) 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 90
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,
@. l.. Hickman, G.. A. Fory, Il. b.
Hands, "A. E. Gordon and F. tJeshel-
nix. who shall serve until their sue
eessors are chosen. Five members
shall constitute a quorum. of the
board Of directors for the transac-
lion of business. The officers OF
this corporation shall be a presi-
dent. vice president and general
manager, a secretary and treasurer;
and the first of said officers are de-
clared to be I. P. Lloyd, president
I Il. E. Sanderson, vice president and
general manager; and A. A. Hefold
secretary and treasurer, and they
shall serve until their successors
are chosen. Said officers to be elect
ed annually on tile first day Of June,
a majority Of the stock present
shall elect the directors, and IN al!
elections or proceedings Of stock
holders each share Of stock present
Or resented by written proxy
shall be entitled TO one vote. Notice
az all meetings of stockholders shall
Dc. advertised ten days Ill 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
eunbent directors shall hold over
until their successors are duly elect
ed and qualified. Any vacancy, In
the hoard Of directors shall be Tiled
s by The remaining directors.
ARTICLE VI.
This charter may be amended, or
This rarnOration may be dissolved