The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-06

and fifty shares of one hundred
(Si00.00) dollars each, which shall
be issued at not less than par, ane
shall be paid for in cash or its
equivalent when issued, and all OF
which stock shall be fully paid and
| worcestershire; provided that tho
| corporation may begin business
when one hundred 400 shares If
its capital stock have been sub
scribed and paid for: stock may be
issued in payment Of property, real
or personal or for services per-
formed or labor done for the cor
poration as may be determined 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
Oh within the State Of Louisiana or
elsewhere III 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 q
board Of directors Of not less than
three nor more than nine STOCKHOLM
.ers, who shall be elected on the Sec
ond tuesday in June 1913 and an
nuaIly thereafter: said directors TO
Ne elected by the stockholders at the
annual meeting ct at a meeting
called for that purpose. aud at All
such meetings each share Of stock
owned OF controlled by each stock
holder shall be entitled to one vote.
and III I'll 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 presenl,
whether represented in person Or by
proxy, shall control. Notice Of all
elections or meetings Of stocl1hold-
ers shall be advertised ten days
prior thereto i'll d Shreveport daily
paper. The first board Of directors
of this corporation is declared toll
be ]. NJ. Dobie, Joe L. Hill, T. ".
Woodruff, W. ". Collier and r. NJ.
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 ]. NJ. Dobie, president;
Joe L. Hill, vice presidents; 7. W.
Woodruff, secretary; ". W. Collier,
treasurer; and r. NJ. Biard, fiscal
agent. A majority Of the directors
shall constitute a quorum for thel
transaction Of business. Any vacan-
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 7iquidatedI
and settled by two persons selected
for the purpose at a stockholders
meeting duly held, and such liqui-
dators shall perform such services
and give such security as the stock
holders may require.
ARTICLE VII.
No stakeholder Of this orporationI
shall ever be held liable or respon-
sjhle for its contracts therefor in
n IT III
any further sum than the unpaid /
balance due The company on their
stock, and no informally III organi-
lation shall have the effect Of rem
ieri1lg this charter null or Of expos
ing the stockholders to any loss fur
Their than the amount Of their CAPT
Eal stock.
In testimony whereof, said parties
have hereunto affixed their names
u the presence Of me, notary, and
Of the undersigned attesting wit
1esses, on the day and date above
written.
r. ". WOODRUFF.
JOE L. HILL.
a.