The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-22

and fifty shares Of one hundred
$4,000 dollars each, which shall
be issued at not less than par, and
shall be paid for in cash or its
equivalent when issued. and all OF
which stock shall be fully paid and
worcestershire: provided that the
corporation may begin business
when one hundred 400 shares cl
its capital stock have been sub
scribed and paid for: stock may be
issued III payment Of property, real
or personal, or for services per-
formed or labor done for the cor
pOration as may be de ernined by
the stockholders.
ARTICLE ~.
The objects and purposes for
which this corporation is formed
and the nature of the business to be
carried on by it are hereby declared
to be the business of mining for oil
or gas and other minerals, with the
right to do anything and everything
incident thereto, including the build
ing or acquiring and operation of a
pipe line or pipe lines. the purchase,
lease and sale and generally to do
all such things as are incident to
The business of producing oil and
gas and the sale and disposition Of
same; such operations to be carried
on within the State of Louisiana or
elsewhere in the discretion OF the
board of directors of this corpora
ton.
ARTICLE V.
All of the corporate powers of this
corporation shall be vested in a
board of directors of not less than
three nor more than nine stockhold-
ers. who shall be elected on the sec
ond Tuesday in June 1913 and an
nuaIly thereafter; said directors to
be elected by the stockholders at the
annual meeting or at meeting
called for that purpose, and at all
such meetings each share of stock
owned or controlled by each stock
holder shall be entitled to one vote,
and in all meetings of stockholders
each share of stock present or rep
resented by written proxy shall be
entitled to one vote, and the major
ity of the stock thus present,
whether represented in person or by
proxy, shall control. Notice of all
elections or meetings Of stockhold-
ers shall be advertised ten days
prior thereto in a Shreveport daily
paper. The first board of directors
of this corporation is declared to
be J. M. Dobie, Joe L. Hill, T. w.
Woodruff, w. w. Collier and r. M.
Biard, who shall serve until their
successors are chosen. The officers
of this corporation shall be presi-
dent, vice president, secretary,
treasurer and fiscal agent, and the
officers of said corporation are de-
clared to be J. M. Dobie, president;
Joe l.. Hill, vice president; L. w.
Woodruff, secretary; w. w. Collier,
treasurer; and r. M. Biard, fiscal
agent. A majority of the directors
shall constitute a quorum for the
transaction of business. Any &acan-
cies in the board of directors shall
be filled by the remaining directors.
ARTICLE vi.
Whenever this corporation shall
be dissolved by limitation or other
wise, its affairs shall be liquidated
and settled by two persons selected
for the purpose at stockholders
meeting duly held, and such Gqui-
dators shall perform such services
and give. such security as the stock
holders may require.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or respon-
sible for its contracts therefor in
any further sum than the unpaid
balance due the company on their
stock, and no informally in organi-
zotion shall have the effect of rem
dering this charter null or of expos
ing the stockholders to any loss fur
Their than the amount of their CAPT.
tal stock.
In testimony whereof, said parties
have hereunto affixed their names
in the presence Of me, notary, and
of the undersigned attesting wit
nesses, on the day and date above
written.
T. w. WOODRUFF.
JOE L. HILL.
w. w. COLLIER.
by Joe l.. Hill, Agen'
]. M. DOBIE,
nv loo + Hill Aoont