The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1901-06-20
CHARTER OF THE
North Louisiana Oil and Mineral
Company, Limited.

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, 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 APP
peared the several persons whose names
are hereunto subscribed, who seyerally
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:
ARTICLE l.
The name of the said corporation shall
be the NORTH LOUISIANA Oh AND MIN
ERAL COMPANY, Limited, and under its
said corporate name it 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;t to contract, sue and be sued;
to make and use a corporate seal, and the
same to break or alter at pleasure; to
hold, receive, lease, purchase and con-
yey, as we'll as mortgage and hypothe-
cate, property, real, personal and mixed,
corporeal and incorporate; 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 Eice-President
thereof, and in the absence of both of
said officers, upon the Secretary of said
corporation.
ARTICLE 3.
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. harges 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; land 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 of
Louisiana and in any other States of
this Union.
The Company shall also have power by
vote of a majority of it's stockholders to
lease any OF its properties, real, personal
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 thousand
dollars, divided into and represented by
one thousand shares of ten dollars each,
and may be further increased on comply
ing with existing laws. This corporation
| may begin business as corporation
| when three hundred shares of said capital
! stock shall have been subscribed for
Said shares of stock may be issued for
money paid or property received.
| ARTICLE 5.
All the corporate powers of said corpo-
ration shall he vested in and exercised by
| the Board Of Directors, to be composed
of eleven stockholders, to be elected an
nually on the first Monday in July in each
year, except the first Board of Directors
appointed in this Charter, who shall hold
their Offices until the first Monday in july,
nineteen hundred and two (1902), or until
J their successors are duly elected and
qualified. All such elections shall be by
ballot, and conducted at the Office of said
corporation under the supervision OF
| three commissioners to be appointed by
/ the Board of Directors. Notice of such
election shall be given by publication not
less than ten days prior to such election,
IN one or more newspapers published in
the Parish of Bossier or City of Shreve-
! port, or by official notice from the Secre-
/ tary and Treasurer of said corporation.
! Every holder Of stock shall be entitled to
one vote for each share of stock standing
in his name on the books of the Compa-
ny, to be cast in person or by proxy, and
majority of the votes cast shall elect
Any vacancy occurring among the
Directors by death, resignation, or other
wise, shall be filled by election for the
remainder of the term of the Board BY
the remaining Directors. A failure tc
elect Directors on the date above speci-
fed shall not dissolve the corporation
but the Directors then in office shall re-
main in Office until their successors art
elected and qualified, and shall cause
another election to be held as soon az
possible thereafter, after notice thereo
shall have been given as above provided
Six Directors shall constitute a quorum
for the transaction of any business.
I The first Board of Directoes named il
| this Charter shall Immediately upon the
organization of this Company, and tn.
Board of Directors thereafter elected
shall elect from their own number /;