The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1920-03-04

~ property for III, gds or other vaIuab
minerals; to drill wells for the discover
IS OF OIL. gas or other minerals: to bu1
J. sell d deal in oil, gas and otha
minerals, including all by-products @
petroleum; to build, own and operat
e Oil refineries or plants for the mann
IS facture of gasoline or other bv-pro
y ducts of petroleum.; to build, own an,
f operate pipe lines for the transporta
e tion of oil or gas; to own franchise
d for the marketing of gas or oil fo
{ 1uel and domestic purposes, and t,
operate under such franchises in tn,
i distribution and marketing of gas O,
oil tor such purposes; and generally te
do any and all things necessary O,
Incidental to the object and purpose as
above expressed.
ARTICLE III.
The amount of the capital stock of
this corporation shall be the sum of
| TWELVE THOUSAND DOLLARS
(Sl2, ,0OO.0O 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, OO0. .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
domlcile upon the written consent of ]
all the directors. |
ARTICLE V.
The business and affairs of the cor
poratlon shall be under the manage
ment. direction aud control of Board
OF Directors, consisting of three mem
bers. Directors shall be elected an
nually as hereinafter provided to serve
for one year. or until their successors
shall be duly elected ard qualified.
The Board of Directors for the first
year shall be composed of the following:
Henry A. Cook. resident of Nat
La, L. F.. Hudson, a resi-
tent of Natchitoches, La. and Philip ]
A. Miller, resident of Natehitoches, /
Ia, who shall serve until the second !.
Monday IN February, 1921, and until i
heir successors shall have been dulv 1
elected and qualified. 4
ARTICLE VI. |!
The Board of Directors shall elect /;
rom among their number President, j
'ice-Presldent and Secretary Treasurer i
'hose terms of office shall be coinci-
ent with that of the Board.
The Board of Directors shall also
ppoint such other agents and en-
loyees as they shall deem expedient,
nd may remove them at pleasure, and
he compensation of all officers, agents
I'd employees shall be fixed by the
oard.
ARTICLE VII.
Stockholders meetings for the cleo
on of directors shall be held annually
the second Monday in February of
ach year. Stockholders meetings for
~ other purpose shall be held upon
III OF the President, when ordered bv
e Board of Directors. Notice of all
ockholders meetings shall be given
ther personally or by depositing no 8
,es OF such meeting in the post Of
e, properly addressed to each stock q
lder at his last known post office
dress, at least fifteen Q5) days be-
re such meeting. Each stockholder
all, at every stockholders meeting,
entitled to one vote, in person or
written proxy. for each share of
'ck held by him. 3
ARTICLE VIII
The Board of Directors shall have q
xer and authority to adopt such by ~
VS. for the government and regula-
n OF this corporation as to them wan
I'll seem expedient, provided that
same are not repugnant to the
visions of this charter. Il
ARTICLE M
his corporation may be dissolved in
method provided by law, and its
airs liquidated. No stockholder shall g.
held liable for the debts of the r
poration beyond the amount of the
'aid balance due by him for stock F.
scribed.
hus done and passed at my office in
parish of Natchi.oches, Louisiana.
the presence of the undersigned
ipetent witnesses, this the day and
lrst hereinabove written.
H. A. Cook,
PHILIP A. MILLER.
l.. E. HUDSON.
est: A. J. RIDLEY.
A