The Caucasian., 1913-10-30
CHATTER
% ~ % City Trading Cd Drilling
Company. ="

State ~ Louisiana. Parish a. Cad
do: Before me, Roland Williamson,
10 notary public in and for the Par
ish and State above written, duly
commissioned and qualified and act
ing as such, personally came and
appeere0 the several persons whose
names ore subscribed hereto, and
who 6eclare9 that they do by these
presents constitute and form them
selves INTO eoAy polielc or corpor-
stiuH, O Cell o. such other persons
as nay become associated 9th
Chem, under To- laws 0tthe state Of
Louisian4 in terms 0hd conOltiOns
@ follows, An-wit:
ARTItIEI.
Tic name df the corporation ohall
DE Che Oil City Trading and Drilling
Company. Us domicile shall 1e at
Shreveport, Caddo parisA. stste OF
Gouisiara CitatioD ana other legal
process shall be sesve0 on its pres
iderI, - Ia his absence % Che vice
presiderfS, Or in ais absence % such
persons o. mag be designated by Che
law. 20 shall enjoy successidn onder
igs corporate name sN Q period II
aineiy -rins years.
ARTu1t -.
Gnd8 % corporate sierpe 10 shall
Aave Che power o. cor,lrace, NE and
be sued; o. make ana use @ corpor-
ate seal; o. Aols, seceise, purchase,
convey, mortgage, tledge and n.y.
pothecass aR kinSs % prope1sy; 20
aame o,d appoir2 such managers,
directors nt officers ~ ies intes-
ests ana sonSenien0 e1ay require;
10 make and sstablisA sucb bylaws
|anA sules Or sse proper regulation
|of it's affairs as may De seemed
prequisite 0nd recessaru, eld shall
have 40 suc9 other and surtheI'
powers as are now or may hereafter
be conferred 10 law og corporations
and associations q same ane SIM
aar kind
ARTICLE I'D
fhe purposes for which Mis sorii-
pany 10 formed are to buy, hold,
own, mortgage, sell anA deliver
property, immovable and movahe;
TO develop, drill and lease property
for oil and gas purposes: TO market
oil and gas, and TO build, acquire
and operate such pipe lines, tanks,
tank cars, and other appliances ~
may be deemed necessary thereeo.
ARTICLE ~.
The capital stock Is fixed ut
twenty-five thousand (S25, 10000
dollars, divided into two hundred
and flfty shares Of one hundred
100000 dollars esch. No stock shall
be issued until fully paid for; no
transfer OF stock shall be binding on
the corporation until transferred
ION the books Of the corporation.
Stock subscriptions shall be paid
for in cash, service Of property,
provided the service and property
be fixed at value places by the
board Of directors. The corporation
shall commence doing business
when three thousand (S3,000.00) dol
lars of stock has been subscribed
and paid for.
ARTICLE q.
The corporate powers Of this cor
poration shall be vested In and Its
affairs shall be managed by board
OF directors, three in number, to be
elected by ballot by the stockfsold-
ers at a meeting TO be held at the
domicile Of the company on, The
second Tuesday Of November Of
each year, beginning in 1913. Until
such election the following shall
compose such board Of directors
lW. L. Carter, president; Alex Pour
tesu, vice president; and ]. J. Dar-
by, who shall be secretary -treasur-
er. The officers shall be elected
visa voce at meeting OF the di.
rectors called for that purpose. Va
cancies on the board may be filled
for the unexpired term by the re-
naming directors. The board mem
bers may by written proxy act TO
each other at board meetings
The board Of directors may EN-.
Iplay ! general manager IN.
such other agents as the in
lterestA Of the company may re.
lquire, and discharge them at pleas
lure; each director shall own at leas
lone share Of stock in the corpora
ltion. Three directors shall consti
tute quorum Of the board for tn
| transaction OF business, who shal
ATTEND in person or proxy. tn
board Of directors shall be Increase
Tor decreased at the will Of th
stockholders as evidenced by . vot
lof three-fourths OF the stock At
meeting called for the purpose.
/ l 4 ~~