The Caucasian., 1919-11-16
CHARTER
OF che Louisiana Drifting Company
incorporate.

Parish of Gaddo.
BE it remembered shae on Shie
da. before me. 70. 81. PHILIPPE o
notary publio. in anS for oIoddo
Parish. personally came and appear
cd NJ 3. Mcdowell. Carlisle elartin
and E. Riley. all residente of o.addo
Parish. gouisiano. who declarc0 %
me, sotary. that aVailing themealveo
% the constitution anS laws of che
Stat. OF louisiana, obey have forme.s
and constituted themselves, as well
as ouch other persons as mag nero
after become associated with them
and Who adops and 0rdoin as eheir
cherter and act of incorporation. ss
follows. to-Wit:
ARTICLE O.
Che nameof this corporation s9la0S
be the louisiana 9eilIing Company.
snc. with its domicile .r tqe eey %
Shreveport. louisiana. an6 under
said name shall hove and cnjos s,lce
cessi"n for 3 period OF ninety-nins
years. unless sooner dissolved as
hereinafter set forth All legal pro
cess shall be served on the presi-
dent. or in his absence on the vice
president. or in the absence of both,
in accordance with the laws of the
State.
ARTICLE IT.
The purposes for which this cor
poration is formed, and its objects,
are hereby declared to be: to buy,
acquire. construct. maintain oper-
ate and deal in machinery. imple-
ments, tools. conveniences of all
kinds. provisions and articles capa-
bic Of being used in connection with
mining, utilities, oil or other opera
tions: to subscribe to. purchase, ac-
quire and take over the goodwill.
assets rights and property, and to
undertake the whole or any part of
the assets and liabilities of other
corporations. firms or persons, and
TO pay for same in cash. stocks or
bonds Of this corporation, or other
wise; to enter into, make. perform
and carry out contracts Of every
Kind for any lawful purpose, with
CUt limit as to amount. with any
person. firm. association. or corpo-
ration; to draw, make, accept, en-
dOrse, discount. execute and issue
promissory notes. bills of exchange,
and other negotiable and transfer
able Instruments; to purchase or
otherwise acquire. to hold or mort
gage. sell, convey or otherwise. dis
pose of real and personal property
Of every class and description in
any State of the United States; and
in general, to carry On any business
in connection with the foregoing. and
to have and exercise all the powers
conferred BY the laws of the State
Of Louisiana upon corporations
formed under the act hereinafter
referred to.
ARTICLE III.
The capital stock of this corpora
ton i s fixed at the sum of Fifty
Thousand (s50,0OO.00) Dollars, di-
vided into two thousand 10000
shares of the par value of Twenty
five (s250O) dollars each, which
may be paid for in cash, property
transferred to this corporation. or
labor performed for it, the valu-
alton to be fixed by the board of
directors. and all stock when isued
shall be fully paid and assess
able.
ARTICLE ".
The affairs of this corporation
shall be managed and controlled by
q board of directors, composed of
not less than three (3)< nor more
than five (5) stockholders, to be
elected at a stockholders meeting to
be held on the second Monday in
July of each year, and who shall
hold office for one I year, or I'M
til their successor, or. successors,
are respectively chosen and quail
fled. Said board shall have the
power to sell, mortgage or hypoth-
eeate any and all Of the property of
tie corporation; to fill any vacancy
which might occur in said board
from any cause by the election Of
stockholder for the uneXpired term,
and to increase the membership of
said board not to exceed five ~
members, or to decrease the mem
bership of said board to not less
than three 49,. as from time to time
it is judged best
Until the election of the board OF
directors on the second Monday in
July. 1920, the following shall con-
stitute the officers of the board of
directors Of this corporation. with
the right to increase said member
ship to five %, as hefeinbefore