The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1901-12-19
CHARTER
OF THE JENNINGS OIL COMPANY
STATE OF LOUISIANA. !
PARISH OF CALCASIEU.

PARISH OF CALCASlEU. J
Before the undersigned Notary Pub
lie, in and for the parish of Calcasieu,
and in the presence of the undersigned
competent Witnesses residing in the
said parish, personally came the per-
sons whose names are hereuntO sub
scribed who declared that, availing
themselves 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 asso-
ciated with them and their successors,
into a corporation or body polite 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 date of this act. The Town of Jen-
nings, in the parish of Calcasieu, La,
is the place chosen for it's domicile,
and all citations against it may be
served on it's president, or in his alb
sence OR inability to act, on the vice
president.
ARTICLE II.
The purpose for which this corpora
ton is esta blished, and the nature of
the business to be carried on by it,
are>any one, or more, or all, Of the
following:
To construct, work aud maintain
railroads. canals, plank roads, bridg-
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 iron.
copper. lead or other metals, earthen-
ware or Stoneware, engines, cotton
gins, machinery, paper, gun powder
aud agricultural implements: to refine
sugar, and to navigate the sea by
steam: to esta bliSh, maintain and OPP
crate lines of telegraph. and chemical
laboratories; to construct and maintain
docks, steamships and other vehicles
for the transportation of freight and
passengers; to construct. maintain
and operate works of drainage, sewer
age and land reclamation, and to
open and work mines for developing
and obtaining natural gas, petroleum
coal, aSphaltum, salt, sulphur. ore,
metals, and mineral and volatile sub
stances Of all kinds: and this corr ora
ton shall have power and authority
to hold, receive. purchase and convey,
and to hire, lease let, property both
real and personal, in so far as the
same may be incidental to it's objects
and purposes. This corporation is
further organized for the purpose of
acquiring the assets of the JEN-
NlNGS OIL COMPANY of Jennings,
Calcasieu parish, Louisiana, at an
agreed valuation thereon of SIXTY
THOUSAND DOLLARS $500, 10000, ]
to be paid for in full paid up Capital
Stock of this Corporation, and the
present corporation assuming all the
liabilities of the said Company.
ARTICLE III.
The capital stock OfthiS corporation
is fixed at SIXTY THOUSAND DOLLARS,
divided into Sixty Thousand Shares
of par value of One Dollar each. Up
on a transfere of all the assets of the
said JENNINGS OIL COMPANY to this
Corporation, the Sixty Thousand Dol
lars Capital Stock of this Corporation
shall be issued to said Comany as
full paid, and in addition thereto this
Corporation shall assume all the
liabilities of said Company. This
issue of said stock and assumption of
said liza bility being taken and consid-
cred a fair, equita bic, and proper
equivalent for the assets OF said Com
pany. All transfers of stock shall be
made on the books OF the Company at
its office in Jennings Louisiana, and
only on surrender OF the certificates
of stock shall be signed by the Presi-
dent and countersigned by sthe secre-
tary.
ARTICLE ".
All the corporate powers of this COR
portion shall be vested in and eXer-
cised by a Board of Directors com
posed of seven stockholders to be
selected by q majority of the stock
holders on the third Tuesday of April
of each year, commencing with the
year 1902. All such elections shall be
by ballot, under the supervision of
three commissioner to be appointed
by the Board of Directors, who shall
receive all votes cast by the stodkhold-
ers in person or by proxy, and who
shpll canvass and declare the result
of such election. All such elections
shall be held after due notification
thereof, given during thirty days pre-
viously in a drinly or weelllp news
paper, published in the Parish OF
herein named, as we'll as those sub
Office until their successors are duly
ton of any ano all business ma jor-
"a II, ~ nd hn