The Caucasian., 1919-02-23

Tor by the Board of Directors.
Should the date for holding the
annual stockholders meeting fall
on legal holiday, then the next
legal day thereafter shall be the
date for holding said stockholders
meeting.
ARTICLE VIII.
No transfer of stock shall be
binding upon this corporation I'M
less the same shall have been made
upon the application Of the owner
or his authorized agent and IS duly
entered upon the books of the cor
poration.
ARTICLE IX.
This charter may be amended
and its capital stock increased or
decreased by complying with the
provisions eof law in such eases
made and provided.
Whenever this corporation is dis
solved by liquidation or otherwise,
its affairs shall be liquidated or
settled by one or more llquldatOrS
elected or appointed by the stock
holders at a meeting called for that
purpose. and such liquidators shall
have such powers, perform such
duties and give bonds as the stock
holders may require.
ARTICLE =.
There shall be no preferred stock,
but all stock shall be of the same
class. equal in all respects, includ-
ing its voting power.
ARTICLE NI.
It is hereby declared that each
member of the Board Of Directors
hereinaboye named is the owner i'll
his own name and right, fully paid
| for and unencumbered of at least
one share of the capital stock Of
this corporation. and hereafter
each director elected shall possess
a like qualification.
ARTICLE XII.
The incorpOrators and directors
of this corporation hereby purchase
and take over for said corporation,
all and singular. the following des-
cribed property, previously owned
by A. T. Taryer, to-wit:
Three drilling rigs complete, in
cluding approximately ten thous-
and 100000 feet of two ~ inch
pipe: also two ~ drill stems at
least twenty-five hundred (25,OOO)
feet in length; also camp equipment
complete: also three Ford cars and
one Dodge truck; also 2 blacksmith
shops complete; also two contracts,
one with Texana Oil and Refining
Company, on Noel Lease. Well No. 2
in Caddo Parish. Louisiana, and one
with Kronenberg ct al, on ----
lease in Red River Parish, Louis
lana.
The incorporators and directors of
this corporation hereby value and
appraise the above described pro-
perty at hirty-five Thousand
| (s35, 100000 Dollars, and the balance
of the authorized capital stock shall
,,be paid for in cash. For said pro-
perty including said cash, there
shall be issued to A. L. Tarver One
Hundred and Sixty-eight (i6S)
shares Of the capital stock Of this
corporation Of the par value OF
One Hundred (si00.00) Dollars each,
to represent his interest therein
and there shall be issued to E. P.
Bennett One Hundrtd and Sixty-slx
1866 Shares Of the capital stock of
this corporation of the par value OF
One Hundred (siOO.OO) Dollars each,
to represent his interest therein;
and there shall be issued to A. H.
Tarver Sixty-six (66) Shares Of the
capital stock of this corporation OF
the par value of One Hundred
(SiOOOO) Dollars each to represent
his interest therein.
| ARTICLE XIII.
The subscribers to these Articles
of Incorporation, their respective
postoffice addresses, and the state
ment of the number of shares OF
stock which each agrees to take in
this corporation are as follows:
| A. f. Tarver. Shreveport, Louis
lana. One Hundred Sixty-eight (16S)
Shares of the par value of One
Hundred $4,000 Dollars each; E
P. Bennett Shreveport, Louisiana
lone Hundred Sixty-six 1867 Shares
of the par value Of One Hundred
100000 Dollars each, and A. H..
!, Tarver, Beaumont, Texas, Sixty-sis
Tarver as Vice-President and E. P
Bennett as Secretary-Treasurer.
The first Board of Directors shall
hold office until the first Monday
in January, ! 20, at which time, and
annually thereafter "a new Boare
of Directors shall be elected by