The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1901-12-18
CHARTER
OF THE JENNINGS OIL COMPANY
STATE OF LOUISIANA, !
PARISH OF CALCASIEU. J

STATE OF LOUISIANA, | tt
PARISH OF CALCASIEU.
Before the undersigned Notary Pub s
lie, in and for the parish OF Calcasleu, t
and in the presence of the undersigned r
competent Witnesses residing IN the
said parish, personally came the per I
sons whose names are hereunto SUI a
scribed who declared that, awaiting r
themselves of the laws of Louisiana I
relative to the formation and organlz- s
alton of corporations, they do here =,
nv form and constitute themselves ana ,
their successors as we'll as such other ;
persons as may hereafter become asso- {
ciated with them and their successors,
into a corporation or body polite in
law for the objects and purposes, ana
under the stipulations, articles ana
conditions, as follows:
ARTICLE
The name and title OF the said cor
poration shall be JENNINGS OIL
COMPANY, and by the said name 1t
shall have and enjoy succession Tor
the period of ninety-nine years from
the da.e of this act. The Town OF Jen-
nings, in the parish of Calcasieu, La, |
is the place chosen for its domicl!e,
and all citations against 1T may be
served on its president, or in his an
sence or ina ability to act, on the vice.
president.
ARTICLE II.
The purpose for which this corpora.
, ton is established, and the nature or
the business to be carried on by it,
are any one, or more, or all, OF the
I following:
railroads, canals, plank roads, brldg-
es and ferries, whether within or With
out the limits of this State; to carry
| E., - rf
= linen, silk and hempen cloths and cor
dage; to construct and carry on works
5 to supply cities and towns with gas or
u water: to compress cotton; to con-
struct and carry on iron, brass ana
CONFER foundrieS: to construct ana
maintain dry docks or floating docks
a. for the building or repairing OF shlps
). and other yesSels:t to manufacture iron,
- copper. lead or other metals, earthen-
A ware or stoneware, engines, cottoI'
~ gins, machinery, paper, gun powder
=, and agricultural implements; to refine
- sugar. and to navigate the sea pS
40 steam: to esta blish, maintain and OPP
y crate lines of telegraph. and chemical
~ y laboratories;to construct and MAINTAIN
o. docks, steamships and other vehicle:
for the transportation OF freight ant
passengers; to construct. maihoali
and operate works of drainage, sewer
L. age and land reclamation, and u
". omen ana WOTk uluSS IVA uSNSioPAiN
Ie- and obtaining natural gas, petroleum
a coal, asphaltum, salt, sulphur, ore
"a metals, and mineral and volatile sub
ad stances of all kinds: and this corpora
IN ton shall have power and authoflG
-. to hold, receive. purchase and convey
20 and to hire, lease let, property DOL
10 real and personal, in SO far as tn
sn' same may be incidental to its object
aln and purposes. This corporation
ep further organized for the purpose
ne acquiring the assets of the JET
ais NINGS OIL COMPANY of Jenning
led Calcasicu parish, Louisiana, at a
OF agreed valuation thereon OF SdA IL
THOUSAND DOLLARS (S60, 900 90
to be paid for in full paid up Caplt
Stock of this Corporation, and Il
~ present corporation assuming all tt
,rL liza bilites of the said Company.
ms ARTICLE III.
The capital stock ofthis corporate
is fixed at SIXTY THOUSAND DOLLAR
divided into Sixty Thousand Shar
ton of par value of One Dollar each. U
hos on a transfere of all the assets OF t
WIS said JENNINGS OIL CONAN ~ 20 NJ :,
Corporation, the Sixty Thousand ~
me lars Capital Stock of this CORPORATE
q Is shall be issued to said COmany
ana full paid, and in addition thereto tt
SO CORPORATION shall assume all I
zen liabilities of said Company. II
ling issue of said stock and assumption
Zach said liability being taken and cons
are cred a fair, equitable, and prof.
ner, equivalent for the assets OF sald 20
s of pany. All transfers of stock shall
,een made on the books of the Company
int its Office in Jennings Louisiana, a
only on surrender Of the certltlca
of stock shall be signed by the Ere
dent and countersigned by sthe sec
has tary.
that AZ, .,,o oornorate mowers of this C
iton' norton shall be vested in and eS
com cised by Board of Directors &C
line posed of seven Stockholders to
and sel,cte by majority OF the sto
h a holders on the third Tuesday of Al
liles, of each year, commencing with
IL. wear 1902. All such elections shall
ID in bv ballot, under the supervision
ough three commissioner to be appoir
etter by the Board of Directors, who 81
that receive all votes cassidy the stodkh'
,sion ers in person or by proxy, and
will shell canvass and declare the re
from of such election. All such electi
av of shall be held after due nctiica
sur. thereof. given during thirty days
eted viously in a drinly or weeklp ne
paper, published in the Parish
Calcasieu. The BoaId of Direc
herein named. as we'll as those :
'outh- seouently elected shall continue
neral office until their successors are {
meter elected in indicted. For the tran
rsday ton of any ano all business ma
has ity of memcers of said Board
10 tel constitute quorum; the said Bt
The .h,Il have the right to esta bllSh