The Caucasian., 1913-10-16

The name of The corporation -hMI
br the Oil City Trading ami Drilling

br the Oil City Trading ami atIiling
Company lis doDnirlI" shall il" All
shreveport. Caddo Parish. state ol
Louisiana. Citation and oii"r t"Gdl
process shall be served on ljs pres
idrnl, or in his absence on thr wee
president. or III his absence on Surh
persons as may be Designated by tlc
law. IT shall enjoy succession under
its coruorate name for period OF
nlnrty-nlnr years.
ARTICLE II.
Under its corporate name It ~Ia6II
have the power to contract, sue ana
br sued, To make and use a corp"r-
ate seal; 10 hold, receive, purchase,
convey, mortgags. pledge and hN-
IpolhrcaIr all kinds Of property, to-
namr and appelnI such managers,
directors and officers as It, inter
SIS and convenience may require.
Ito make and establish such bylaws
land rules for the proper regulation
l1f lis affairs as may be deemed
requisite and necessary and snail
have all such other and furlh +
powers as are now or may hereafter
!. be conferred by law on corporations
and associations OF same and SIM
lar kind
ARTICLE III.
The purposes for which This COM
pany is formed are to buy, holl,
own, mortgage. sell and deliver
: property, immovahlc and moNabIe;
!, 10 develop. drill aud lease property
FOR oil and gas purposes: 10 narkfl
Ill and gas, and to build, acquire
and operate such pipe lines, tanks.
ank cars, and other appliances a
mav be deemed necessary thereto
ARTICLE ~,
The capital stock is iiN"d Al
! twenty-five thousand lS2o,000oo
dollars. divided into Two hundred
y and fifty shares of one hundrfG
$4,000 dollars each, No stock sha.
: be issued until fully paid for; nc
Z transfer Of stock shall be binding or
tihe corporation untII translrffe'
eI IN the books OF the corporation
n Stock subscriptions shall be paT'
d for in cash, service OF property
t provided the service and property
be fixed at a value placed by th'
Y board of directors. Ih" corporation
( shall commence doing bushes
when three thousand tS3.o0aHO' dol.
lars of stock has been subsrIlbc'
, and paid for.
ARTICLE Y.
The corporate powers of this cor
porafion shall be vested in and it
affairs shall be managed by a boar
of directors, three in number, to h
- elected by ballot by the sl0ckhotd
ers at a meeting TO bc held at tn
;, domicile of the company on til
second Tuesday Of November {
= each year, beginning in 1913. INT
such election the following sha
compose such board Of directors
w. l.. Carter, presidents; Alex Pour
" teau, vice president; and }. J. )aI
by, who shall be secretary-treaSlll
er. The officers shall be clect'
viva voce at a meeting OF the d
rectOrs called for that purpose. VI
- cancies on the board may be tile
for the uneXpired term by the +
~ naming directors. The board mer
'uo bers may by written proxy act /
DO each other at board meetIns
- The board Of directors may CT
Iio play general manager a.
oH such other agents as the
soy tpreStS of the company may I
'iiu uuire. and discharge them at plea
'N' ure; each director shall own at le'
7oi1 one share of stock in the cOrpol
an ton. Three directors shall cons
tute quorum Of the board for t
l. transaction of business, who Sh
/ attend in person or proxy. /
board of directors shall be increa,
or decreased at the Will OF
stockholders as evidenced by a "
his If three-fourths Of the stock al
the meeting called for the purpose.
lies ARTICLE VI.
%, The corporation may be dlssoIN
fol- at any time by a thrce-foufths '
1t 2 Of the stockholders, and when u
no dissolved. three commissioners =
.ble. be elected for that purpose q
,red general meeting Of the stockho.d
osts Such commission shall llquldate
k Of affairs. sell the property, pay
on debts and Distribute The SUR
1her among the stockholders.
5 of ARTICLE VII.
ding At all meetings Of siockholt
29th each share Of stock represented
the owner in person or by pr
ID, shall be entitled to one vote. Ste
ldge. holders shall be notified Of M