The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1902-03-15
CHARTER
OF THE HAYWOOD BROS. & DOB
BINS WE'LL co. LIMITED.

State of Louisiana,
Parish OF Calcasieu, !
Before the undersigned Notary Pub
lie, in and for the Parish of Calcasleu,
and in the presence of the undersigned
competent Witnesses residing in said
parish, came:
Alba Haywood, Ohio w. Haywood,
Dewey Haywood and w. Scott Hey
wood, resid nts OF Beaumont, in the
State of Texas. and ElmerE. Dobblns,
resident of Jennings, State OF Loui-
siana, who declare that, awaiting
themselves of the laws of Louisiana
relative to the organization OF corpo !
rations, they do hereby form them |
selves and their successors, as We'll as
such. other persons as may hereafter
| become associated with them. ana
| their successors, into corporation or
| ''HEY WOOD BROS. & DOBBlNo
VEL. COMPANY, - with its doml-
Gle in thetown of Jennings, "a lcasieu
Parish, La, and to have and ENJOY
succession by its corporate name 1or
the period OF ninety-nine years from
| the date hereof.
Citation and legal process on the
said corporation may be served on It's
president, and, in his absence, upon
it's vice-president.
ARTICLE 1.
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
following: To bore and drill oil, gas,
water, sand and salt wells. and to 40
general prospecting for OH, gas wa
ter sand and salt.
ARTICLE II,
The capital stock ofthis corporation
is hereby fixed at ten thousand dollars,
divided into ten thousand shares OF the
par value of one dollar each, ana al
stock subscribed for shall be pald tof
in cash at such times, in such amounts
and with such notices to the Subscflb-
ers. as the managers and directors
shall deem best for all parties IN IN
,erest: provided that, at the option OF
the board of directors, the equivalent
of cash in property or property rlShls
NAV be given and received in pay
, ment for stock subscribed.
, ARTICLE III.
| All the powers of THE corporation
| shall be vested in and be exercised by
:, a board of directors composed OF hve
U stockholders to be selected by the
1 shareholders at meeting to ne held
: on the first Monday OF March OF each
wear, commencing with the year 1913.
All such elections shall be by ballot
l under the supervision of two com
4 mission-rs to be appointed by the
board of directors and who shall re-
ceiye all votes cast by STOCKHOLDERS
; in person or by proxy, and canvass
-. and declare the result OF such eleculon.
e All meetings and elections OF and by
q shareholders shall be held after due
- notice thereof given in a weekly news
Daper published at Jennings TOR twt
C weeks prior thereto. AT all meetings
s and elections of and by shareholders
>. each stockholder shall be EMIT ed tt
e cast, in person or by proxy, one Vou'
u for each share of stock held by him
u After each regular election, the boart
a of directors shall elect from their owl
l. number president, a Vlce-pres lceii'
secretary and a treasurer: PROVIDE
that. at the option of said board. Tn
office of treasurer may be held b.
either of the other officers aDoN
named The board of directors shaI
le have the power to issue, or to COME
~ on the president general or specia
power to issue promiSsory notes @
Oh other negotia bic paper. a IL contracts
ie bills of exchange and promlSSory note
RI of the company shall be signed by TT
IL nresident and by the secretary, an
- in case of the absence Of the preSiden
y or his Inability to act, by the Nice-preS
IL dent and by the secretary: ana III the ca
ok ofthe absence Of the secretary, or d
ne inability to ret, his place snail
filed by some one designated fpf III
purpose by the board OF directors.
he Until the stockholders meeting
election to be held by The stOckholde
on the first Monday OF March, l9o
the board of directors shall be cor
posed of Alba Haywood, O. w. he
;ly wood. Dewey Haywood, w. Scott he
KS wood and Elmer E. Dobblns: ana
"a ~ hnN ~
no be Alba Haywood, president: ..
~ Hevwoor, vice-president and Elmer
'CG3 Dohbins, secretary and treasure
7lll Three Of the members Of the board
directors shall constitute a quorum i
the transaction of business. The sa
board shall have authority to appol
on such agents and employees as ~ sts
lies deem necessary: 10 IN ohell 9ai ,'th ~
ute and to define their powers and authe
ure ity. In case of vacancy in the boa
yes of directors, or in any other office, l
md remaining directors shall have pow
in to fill the same. All directors and I
the ticers shall remain in office until tn'
atI successors are elected and quallue
gill and failure to hold elections or 9th
aysj meetings Shall not ulssolNe llie W.
Cd. ration, but ttle election or meet
get shall be held as soon as possipe al
the the regular day.
,r ,.ai ARTICLE ".
Whenever this corporation Is q
MS solved by the limitation of time or
the determination of the stockhoidel
ock it's affairs shall be liquidated by t,
on commissioners to be appointed
list. that purpose at a general meeting
,ot- the StocknolderS, OF aU d specla, me
DIV. ing convened after notice as here
inc before provided. In case of the dea
It's or inaDilitT TO act on the part of o
en- or more Of the iiqpiIatprsi the survl
lin or or survivors, or Others mrpS !
pie alone.
10 ARTICLE v.
ich .,,-l o;dor chill be hold