The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1901-12-09
CHARTER
OF THE JENNINGS OIL COMPANY
/, STATE OF LOUISIANA, I
PARISH OF CALCASIEU. J

Before the undersigned Notary Pub |
lie, in and for the parish OF CalcasleH,
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, awaiting
themselves of the laws of Louisiana
relative to the formation and o'g&Hlz-
alton OF corporations, they do mere
by form and constitute themselves and
their successors as we'll as such other
persons as may hereafter become Il $50
III 1ted with Them and their successor ;,
into d corporation or body pc tic in
law for the objects ana purposes, ,tnd
under the stipuiations, articles ana
conditions, as follows:
ARTICLE |
The name ard title OF the said cor
poration shah be JENNINGS OIL
COMPANY. and by the said name II
shall have and enjoy succession Tor
the period Of ninety-nlne 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 domicile.
and all citations against it may be
served on it's president, or in his abb
sence or inability to act, on the vice
president.
ARTICLE III.
The purpose for which this corpora
ton is esta blished, 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, bridg-
es and ferries, whether within or With
ont 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
- 4
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 veSSeIS:tO manufacture iron
copper. lead or other metals. carthen-
ware or StOneware, engines, cotton
gins, machinery. paper, gun powder
and agricultural implements: to refine
sngBr, and to navigate the sea by
steam: to establish, maintain and OPP
crate lines of telegraph. and chemical
laboratories: to contruct 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 corpora
tion shall have power and authority
to hold: receive. purchase and convey,
and to hire, lease let, property bo' h
real and personal, in SO far as the
same may be incidental to its objects
and purposes. This corporation is
further organized for the purpose of
acquiring the assets of the JEN-
NINGS OIL COMPANY of Jennings,
IN-l ..-l~ 81.
agreed valuation thereon of SIXTY
THOUSAND DOLLARS $3.50, Oo0.0o ]
to be paid for in full paid up Capital
Stock of this Corp, ration, and the
present corporation assuming all the
liabilities of the said Company.
ARTICLE III.
The capital stock ofthis corporation
is fixed at SIXTY THOUSA ND DOLLARS,
divided into Sixty Thousand Shares
of par value of One Dollar cash. Up
on transfere of all the assets of the
Corporation, the Sixty Thousand Dol
lars Capital Stock OF this Corl Grafton
shall be issued to said tOmGny 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 liability being taken and consid-
equivalent for the assets OF said Com
pany. All transfers OF stock shall be
made on the books of the Company at
it's Office in jennings Louisiana, and
only on surrender OF the certificates
OF stock shall be signed b. the PleSi-
dent and countersjgneG by the secret
airy.
ARTICLE ".
All the corporate powers OF this cor.
portion shall be vested in and eXCl-
cised by Board OF Directors COM
posed of seven stociha lders to be
selected by a ma joIity OF the stock
holders on the third Tuesday OF April
of each year, commencing with the
year 1902 All such elections shall bl
by ballot, under the supervision OF
three commissioner to he appointed
by the Board of Directors. who sha Il
receive all votes east by the stodkholG.
ers in person or by proxy, and VIII,
she'll 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 wee.Slp news
paper, published in the Parish O
Calcasieu. The Boa1d of DmCCsors
herein named. as we'll Us those sub
sequentiy elected shall c"Gt.nu" il
Office until their successors arc "a :
elected in n1ucael. ND" rh@ .rans 80:
ton of any ano all business u major
ity OF memcers Of said Board shat
constitute a quorum: the said Boart
shall have the right to establish al
such Bylaws, rules and regulation
which it may deem re iuiSite TOR TIL;
support, management and regulation
of the Corporation: it shall be author
lied to aopaint from time to time, su2h
Nl,,t .os.N