The Natchitoches enterprise., 1920-03-11

ducts of petroleum; to build, own an
operate pipe lines for the transporta
ton of oil or gas; to own franchise
for the marketing of gas or oil fo
fuel and domestic purposes, and t.
operate under such franchises in tn,
distribution and marketing of gas O
OIL tor such purposes; and generally tt
do any and all things necessary o.
Incidental to the object snd purpose a.
above expressed.
ARTICLE III.
The amount of the capital stock Of
this corporation shall be the sum of
TWELVE THOUSAND DOLLARS
($l2, 100000 which amount shall be
represented by 1900 shares of stock of
the par value of Ten $4,000 each.
All stock shall be common stock The
amount of the capital stock may, at a
meeting of stockholders duly called
and held for that purpose, be increased
to sum not to exceed Two Hundred
and Fifty Thousand $3.50, 900. .OO) DOL
lars, by vote Of two thirds of all
stock outstanding.
ARTICLE ".
The domicile of the corporation shall
be the city of Natchitoches, parish of
Natchitoches, Louisiana. All stock
holders and directors meetings shall be
held at the domicile of the corporation;
provided that valid directors meetings
may be held elsewhere than at the
1omicile upon the written consent of
all the directors.
ARTICLE V.
The business and affairs of the cor
)oratiOn shall be under the manage ,
nent, direction and control of Board
# directors, consisting of three men,
alan fa1a..-- 49, =
ually as hereinafter provided to serve
or one year. or until their successors
hall be duly elected ard qualified,
he Board of Directors for the first
ear shall be composed of the following:
Henry A. Cook. a resident of Nat
La, L. F.. Hudson, a resi-
ent of Natchitoches, La. and Philip
|. Miller, resident of Natchitoches,
"a, who shall serve until the second
londay in February, 1921, and until
1eir successors shall have been duly
lected and qualified.
ARTICLE vi. (
The Board of Directors shall elect |
'om among their number President,
ice-Presldent and Treasurer
hose terms of Office shall be coinci-
ent with that of the Board.
The Board of Directors shall also
opoint such other agents and en-
oyees as they shall deem expedient, :
I'd may remove them at pleasure, and
le compensation of all officers, agents 4
ID employees shall be fixed by the
oard.
ARTICLE VII. r
Stockholders meetings for the elec.
on of directors shall be held annually
/ the second Monday in February of +
ch year. Stockholders meetings for q
~ other purpose shall be held upon
II Of the President, when ordered by 4
e Board of Directors. Notice of ali :
ockholders meetings shall be given {
ther personally or by depositing no. E
;es of such meeting in the post Of
e, properly addressed to each stock
lder at his last known post office +
dress, at least fifteen Q5) days be- H
re such meeting. Each stockholder n
all, at every stockholders meeting, +
entitled to one vote, in person or
written proxy. for each share of
,ck held by him. +
ARTICLE VIII a
Fhe Board of Directors shall have 3
wer and authority to adopt such by q
vs. for the government and regula- =
n of this corporation as to them
III seem expedient, provided that
) same are not repugnart to the su
visions of this charter. Z
ARTICLE TX
his corporation may be dissolved in <
method provided by law, and its
airs liquidated. No stakeholder shall b.
held liable for the debts of the
poration beyond the amount of the
1aid balance due by him for stock
,scribed.
'hus done and passed at my office in
parish of Natchi.oches, Louisiana.
the presence of the undersigned
npetent witnesses, this the day and
n irst hereinabove written.
Fl. A. Cook,
PHILIP A. MILLER,
L. E. HUDSON.
test: A. J. RIDLEY,
BARNEY BoOTEY.
Crr.Ynrr,u