The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1901-06-13
CHARTER OF THE
North Louisiana Oil and Mineral
Company, Limited.

United States of America-State of
Louisiana-Parish of Bossier.
Deit known that on this the 18th day
ID of May, in the year OF our Lord
one thousand, rine 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 a corporation for the objects
and purposes and under the articles and
stipulations following, to-wit:
ARTICLE 1.
The name of the said corporation shall
be the NORTH LOUISIANA On AND Mn
D.,
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; ito 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-
vcy, as well 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 we'll 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 3.
The objects and purposes for which
this corporation is established, and the
nature of the business to be carried or
by it are hereby declared and specified tc
be, to own, lease and operate mines an6
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 refneries and manufactures
carry On general mercantile business
to store, warehouse and transport minera
oils, gas and minerals, for hire by means
of pipe line, vessels, barges or tank cars
and to that end to lease, own, construc
and operate pipe lines, pumping stations
storage tanks, tank cars, barge vessels
wharyes 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 t
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 corporatio,
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.
ARTICLE 5.
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
nually on the first Monday in July in eacl
year, except the first Board of Director
appointed in this Charter, who shall hol
their Offices until the first Monday in July
nineteen hundred and two (1902), 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 q
three commissioners to be appointed b
!, the Board of Directors. Notice of sue
election shall be given by publication nc
less than ten days prior to such election
in one or more newspapers published i
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 t
one vote for each share Of stock standin
in his name on the books of the Compa
ny, to be cast in person or by proxy, an
a majority of the votes east shall cleo
Any vacancy occurring among tn
! Directors by death, resignation, or other
wise, shall be filed by election for tn
remainder Of the term OF the Board b
the remaining Directors. A failure t
elect Directors on the date above speci
, fed shall not dissolve the corporation
! but the Directors then in Office shall re
4 main in Office until their successors al
elected and qualified, and shall caus
: another election to be held as soon g
;. possible thereafter, after notice theret
shall have been given as above provided
: Six Directors shall constitute quorum
for the transaction of any business.
The first Board of Directoes named
this Charter shall Immediately upon til
organization of this Company, and tn
! Board of Directors thereafter electet