The Articles of Incorporation

Perhaps the most illuminating of all the statements found in the articles, this breakdown of stock ownership reveals Hugh Gantt to have had a 51% interest in Texans Inc.

From page 6, 7, and 8:

That the amount subscribed by each, and the amount paid by each (such payment being in cash except as hereinbefore stated), are as follows:

Name

Thomas D. Levisay
T. M. Young
R. B. Stephens
Raymond Morgan
Oren Bauer
Austin Newton
Ben Sullivan
L. B. Sikes
Gus J. Rosenburg
Forrest Kyle
M. B. Sikes
Ray G. Jones
Wylie McClatchy
Marion Garms
Stacy Stephens
C. E. Brinson
Frank Morgan
G. B. Wooldridge
O. W. Monk
Bryan Harris
E. B. Elliot
Vera Sullivan
Moody Sikes
J. S. May
L. W. Whitfield
C. H. Sargent
J. B. Ashmore
Roy Phillips
Roger Wilson
E. B. Sikes
Bruce Weaver
Irvin Cheatham
C.C. Woodson
Margaret Wofford
Clark Coursey
E. C. Martin
D. H. Rogers
J. H. Morgan
Robert Sharp
S.E. Davidson
Mrs. B. E. McKnight
J. D. McKay
F. T. Adams, Sr.
S. L. Beard
A. O. Fielder
Mrs. W. J. Bodine
Gordon Griffin
A. E. Christenberry
D. A. Schultze
E. A. Medcalf
H. L. Allcorn
Seth Jenkins
Dr. J. B. Stephens
Howard Sikes
C.D. Findley
R. M. Logan
Sammy Waisman
Mrs. Bessie Baker
Mrs. Hattie Holder
Marvin L. Guthrie
J. S. Lewis
M. L. Guthrie
H. K. Bonham
Jack Pike
Mrs. C. W. Barrett
William Rex Nixon
H. H. Gantt
Amount Subscribed

2000.00
2000.00
2000.00
2000.00
2000.00
2000.00
300.00
5000.00
2000.00
2000.00
1000.00
100.00
2000.00
1000.00
1000.00
200.00
200.00
1000.00
100.00
200.00
200.00
100.00
200.00
400.00
200.00
1000.00
200.00
1000.00
1000.00
2500.00
1000.00
500.00
1000.00
100.00
200.00
200.00
400.00
200.00
100.00
200.00
600.00
100.00
100.00
100.00
100.00
100.00
1000.00
1000.00
200.00
400.00
200.00
500.00
1600.00
500.00
200.00
100.00
200.00
1000.00
400.00
200.00
500.00
500.00
200.00
200.00
100.00
100.00
51,000.00
100,000.00
Amount Paid

1300.00
1000.00
1000.00
1000.00
1000.00
1000.00
300.00
2500.00
1000.00
1000.00
1000.00
100.00
2000.00
500.00
500.00
200.00
100.00
500.00
50.00
100.00
200.00
100.00
200.00
200.00
200.00
500.00
200.00
500.00
1000.00
1250.00
500.00
500.00
500.00
100.00
100.00
100.00
200.00
200.00
100.00
100.00
300.00
100.00
100.00
100.00
100.00
100.00
500.00
500.00
100.00
200.00
100.00
500.00
800.00
250.00
100.00
100.00
200.00
500.00
200.00
100.00
250.00
500.00
100.00
100.00
100.00
50.00
36,050.00
65,000.00

That the property above described in detail is free of debt and encumbrance. Subscribed and sworn to before me by L. B. Sikes, T. M. Young and Forrest Kyle, respectively, this the 13 day of July, 1951, to certify which, witness my hand and seal of office.