The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1901-07-04
CHARTER OF THE
North Louisiana Oil and Mineral
Company, Limited.

North Louisiana Oil and Mineral
Company, Limited.
United States of America-State OF
Louisiana-Parish of Bossier.
DE it known that on this the 18th day !
ID of May, in the year of our Lord
one thousand, nine hundred and one, and
of the independence OF the United States
of America the one hundred and twenty |
fifth, before me, John G. Allen, a Notary |
Public in and for the Parish of Bossier,
State of Louisiana, aforesaid, duly COM
missioned and qualified, in the presence |
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared the several persons whose names
are hereunto subscribed, who severally
declared that, availing themselves OF the
laws of the State of Louisiana in such
cases made and provided, they have
contracted and agreed and do by these
presents covenant and agree and bind
themselves, as we'll as such persons as
may hereafter become associated with
them to form corporation for the objects
and purposes and under the articles and
stipulations following, to-wit:
AHllCLE /
The name of the said corporation shall
be the NORTH LOUISIANA On AND MIN
ERAL COMPANY, Limited, and under its
said corporate name 1t shall have the
power and authority to have and enjoy
succession for the full term and period
of ninety-nine years from and after the
date thereof;to contract, sue and be sued;
to make and use corporate seal, and the
same to break or alter at pleasure; to
hold, receive, lease, purchase and con-
vey, as we'll as mortgage and hypothe-
cate, property, real, personal and mixed,
corporal and incorporeal; to name and
appoint such managers, agents, directors
and officers, as its business interests and
convenience may require; and to make
and establish, as well as alter and amend
from time to time, such bylaws, rules
and regulations for the proper govern
ment of the affairs of said corporation as
may be necessary and proper.
ARTICLE 2.
The domicile of said corporation shall
be in the town of Plain Dealing, Parish
of Bossier, and State of Louisiana, and
all citations or other legal process shall
be served upon the President Of said
corporation, or in the event of his alb
! sence, upon the First Vice-President
thereof, and in the absence of both of
said officers, upon the Secretary of said
corporation.
ARTICLE 8.
The objects and purposes for which
this corporation is established, and the
nature of the business to be carried on
by it are hereby declared and specified to
be, to own, lease and operate mines and
mineral oil wells, and gas and minerals;
to refine and otherwise manufacture oils,
minerals and gas, and their by-products,
and to that end to lease, own, construct
and operate refineries and manufactures,
carry on general mercantile business,
| to store, warehouse and transport mineral
oils, gas and minerals, for hire by means
of pipe line, vessels, barges or tank cars,
and to that end to lease, own, construct
and operate pipe lines, pumping stations
storage tanks, tank cars, barge vessels
wharves and warehouses;; and generally
to hold and exercise all such incidental
powers and privileges as relate to the
objects hereinbefore set forth.
All of the above corporate functions
may be performed both in the State O.
Louisiana and in any other States O.
this Union.
The Company shall also have power b,
vote of majority of its stockholders tt
lease any of its properties, real, persona
or mixed, to any person or corporation
authorized to take such lease.
ARTICLE 4.
The capital stock of said corporation
is hereby fixed at the sum of ten thousan,
dollars, divided into and represented b,
one thousand shares of ten dollars each
: and may be further increased on comply
ing with existing laws. This corporation
| may begin business as a corporation
: when three hundred shares of said capita
| stock shall have been subscribed for
Said shares of stock may be issued TO
money paid or property received.
7 ARTICLE5.
+ All the corporate powers OF said corpo
ration shall be vested in and exercised b
the Board of Directors, to be compose
of eleven stockholders, to be elected an
r nually on the first Monday in July in eac
. year, except the first Board of Director
' appointed in this Charter, who shall hol
their Offices until the first Monday in Jul!
!. nineteen hundred and two (19O2) or unit
their successors are duly elected an
qualified. All such elections shall be b
). ballot, and conducted at the Office of sal
corporation under the supervision {
three commissioners to be appointed b
h the Board of Directors. Notice of sue
election shall be given by publication nj
less than ten days prior to such election
i in one or more newspapers published
= the Parish of Bossier or City of Shrevt
g port, or by official notice from the Seer
, tary and Treasurer of said corporatlo
: Every holder of stock shall be entitled
i one vote for each share of stock standir
:, in his name on the books of the Comp;
= ny, to be cast in person or by proxy, al
h a majority OF the votes cast shall cleo
% Any vacancy occurring among Il
is Directors by death, resignation, or othe
10 wise, shall be filled by election for Il
. remainder of the term of the Board
70 the remaining Directors. A failure
~ elect Directors on the date above spec
fed shall not dissolve the corporate
, but the Directors then in Office shall r
main in office until their successors a
- elected and qualified, and shall eau
another election to be held as soon
h possible thereafter, after notice there
re- shall have been given as above provide
~ u