The Caucasian., 1913-05-25
ARTICLE TT.

corporation is hereby declared 10 be
the business of mining for oiI, gas
and other minerals, with the right
to do any and everything incidental
thereto, including the building of
nine lines, and the purchasa. lease
and sale Of lands and personal prom
erty. and for the purpose of holding
lands for development by other per-
sons or corporations.
ARTICLE III.
The capital stock of this corpora
ton is fixed at the sum Of fifteen
thousand (si5,OOO.00) dollars, divid-
ed into one hundred and fifty shares
of the par value OF one hundred
dollars per share. This corporation
/ is authorized to commence business
whenever fifteen thousand dollars
of its capital sock is subscribed for
and paid in cash or its equivalent.
No stock shall be issued until the
same is fully paid for, but stock
may be issued in payment OF prop
erty, real or personal, or for SER
vices rendered to the corporation,
as may be determined by the stock
holders. No sale of stock by any
stockholder in this corporation shall ,
he valid unless the same shall have
first been offered to the remaining
stockholders for period of ten
days at price equal to any bona
fide offer made for same, or i'll lieu
thereof at its book value: such offer
to be made in writing addressed to
the president of this corporation.
And this limitation as to the sale of
stock shall be incorporated in ali
certificates of stock issued by this
company.
ARTICLE ".
The corporate powers OF this
company shall be vested in and ex-
ercised by board of four directors,
three of whom shall constitute a
qorum. The first board of directors
is hereby declared to be A. J. Moore,
]. A. Henry, G. w. Hagy and Lee
Kinnebrew, with ]. A. Henry as
president; Lee kinnebrew as vice
president, and G w. Hagy as secre-
tary and treasurer, who shall hold
their office until the next regular
meeting of the stockholders for the
selection of board of directors,
which shall be held on the first
Tuesday of June 1914, on which date
and annually thereafter such stock
holders meeting shall be held, and
of which meeting notice shall be
given by public advertisement in
any one of the newspapers pub
lished in the Parish of Caddo. At
all meetings Of stockholders the ma
jority of stock shall elect the direc-
tors and in all elections or proceed
ings of stockholders each share Of
stock shall.be entitled to one vote.
ARTICLE V.
Whenever this corporation is dis-s'
solved by limitation or otherwise, s
lis affairs shall be liquidated by two
persons selected for the purpose at
a stockholders meeting duly held;
and said liquidators shall perform
such services and give such security
as the stockholders may require.
ARTICLE VI.
No stakeholder of this corpora
ton shall ever be held liable or re-
sponsble for the contracts or faults
thereof in any further sum than the
unpaid balance due the company on
their stock; and no informaIity in
shall have the effect of
rendering this charter null or of
exposing it's stockholders to any loss
beyond the amount of their capital
stock.
In witness of which the parties
have signed this instrument in the
presence of me, notary, and C. Kel-
ler and A. B. Freyer, competent
on this the 10th day OF
May 1913.
J. A. HENRY.
A. J. MOORE,
by J. A. Henry.
G. w. HAGY.
by ]. A. Henry.
Attest: LEE KINNERRFW.
G. KELLER.
A. B. FREYER.
J. A. THIGPEN,
Notary Public.
Endorsed: Filed and recorded May
II, 1913. w. NJ LEVY
Deputy Clerk and ex-Officio Deputy
Recorder.
state of Louisiana, Parish of Cad
10: hereby certify that the above
ana foregoing is a true and correct S
copy OF the original act, as the same