The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1901-12-16
CHARTER
OF THE JENNINGS OIL COMPANY

OF THE JENNINGS OIL COMHAN
STATEOF LOUISIANA, I
PARISH OF CALCAsIEU.
Before the undersigned Notary Pub
lie, in and for the parish OF Calcasleu,
and in the presence OF the undersigned
Witnesses residing In the
said parish, personally came the per-
scribed who declared that availing
of the laws of Louisiana
relative to the formation and organic
alton of corporations, they do here
by form and constitute themselves and |
their successors as well as such other |
persons as may hereafter become assoc |
ciated with them and their successors, |
into corporation or BODY polltic IN
law for the objects and purposes, and
under the stipulations, articles and
conditions, as follows:
ARTICLE
The name and title of the said cor
poration shall be JENNINGS OIL
COMPANY, and by the said name it
shall have and enjoy succession for
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 domici!e,
| and all citations against it may be
served on its president, or in his alb
sence or inability to act, on the vice.
president.
| The purpose for which this corpora
ton is established, and the nature OF
the business to be carried on by 1t,
are any one, or more, or all, OF the
follow ng:
To construct, work aud maintain
railroads, canals, plank roads, brldg-
es and ferries, whether within or With
out the limits of this State; to carry
on manufactures of cotton, wooden,
linen, silk and hempen cloths and cor
dage; to construct and carry on works
to supply cities and towns with gas or
water; to compress cotton; to con-
struct and carry on iron, brass and
copper foundries; to construct and
maintain dry docks or floating docks
for the building or repairing OF ships
and other vessels; to manufacture lro",
copper. lead or other metals, earthen-
ware or stOneware, engines, cotton
, gins, machinery, paper, gun powoel
and agricultural implements; to refine
> sugar, and to navigate the sea by
Z steam; to establish, maintain and oP
crate lines of telegraph. and chemlca
.. laboratories;toc construct and MAINTAIN
docks, steamships and other vehicles
, for the transportation OF freight AM
passengers; to construct, malntall
= and operate works of drainage, sewer
] AGE and land reclamation, and t.
= opsn and work mines for developing
q and obtaining natural gas, petroleum
coal, asphaltuln, salt, sulphur, ore
metals, and mineral and vo!atlle SUI
= stances of all kinds: and this corpora
n ton shall have power and authorlt
4 to hold, receive. purchase and conVe!
~ and to hire, lease let, property bot
Is real and personal, in so far as TT
70 same may be incidental to its objec
and purposes. This corporation
70 further organized for the purpose
l. acquiring the assets OF the JET
70 NINGS OIL COMPANY of Jenning
s, Calcasieu parish, Louisiana, at q
,e agreed valuation thereon of SKI
II THOUSAND DOLLARS ($6O, 900. 90
IA to be paid for in full paid up Capt.
ID Stock of this Cooperation, and u
present corporation assuming all Il
liabilities of the said Company.
ARTICLE III.
"a The capital stock ofthis corporate
n is fixed at SIXTY THOUSAND DOLLAR
n. divided into Sixty Thousand Shar
- of par value of One Dollar each. U
a. on transfere of all the assets OF t
Corporation, the Sixty Thousand Dt
NC lars Capital Stock of this Corporate
ne shall be issued to said Comany
sn full paid, and in addition thereto tt
CORPORATION shall assume all t
liabilities of said Company. IT
issue of said stock and assumption
of said liability being taken and cons
pa cred a fair, equitable, and prol
,al equivalent for the assets OF said GO
to pany. All transfers of stock shall
IN. made on the books of the Company
.ct its Office in Jennings Louisiana, a
w. only on surrender of the certitlca
- of stock shall be signed by the Pre-
dent and countersigned by sthe sec
tary.
ARTICLE w.
an All the corporate powers of this C
ted norton shall be vested in and eS
ion cised by Board of Directors &C
emit posed of seven Stockholders to
&C. sci, cted by a majority OF the sto
On holders on the third Tuesday OF Al
asst of each year, commencing win
of wear 1902. All such elections shall
ad. by ballot, under the supervision
three commissioner to be appoin
by the Board of Directors, who ST
receive all votes cassidy the stodkht
ers in person or by proxy, and
ms she'll canvass and declare the res
en- of such election. All such electi
nc shall be held after due notiticat
rev thereof, given during thirty days
ne viously in a drinly or weeklp ne
nm naner n,,blished in the Parish
OF Calca sieu. The BoaId Of Direct
herein named, as we'll as those
seouently elected shall continue
office until their successors are
NJ elected in indicted. For the tran:
in ltion of any ano all business ma