The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1902-03-08
CHARTER
OF THE HAYWOOD BROS. & DOB
BINS WELL CO. LIMITED.

parish, came:
Alba Haywood, Ohio w. Haywood,
Dewey Haywood and w. Scott. Hey
wood, residt hts OF Beaumont. in the
State of Texas, and Elmer F. Dobbins,
u resident of Jennings, State of Loul-
siana, who declare that, awaiting
themselves of the laws OF Louisiana
relative to the organization OF corno
rations, they do hereby form them
selves and their SUCCESSORS, as well as
such other persOns as may hereafter
become associated with them, and
their successors, into corporation or
body polite in law under the name OF
.H f.YWOOD BROS. & DOB BINS
WELL COMPANY with its domi-
Gle in the town of Jennings. talcasien
Parish, La, and to have and enjoy
succession by its corporate name for
the period OF ninety nine years from
the date hereof.
Citation and legal process on the
said corporation may be served on its
president, and, in his absence, upon
it's vice-president.
ARTICLE l.
The purpose for which this corpora
ton is established, and the nature OF
the business to be carried on by il,
are any one, or more, or all, OF the
following: To bore and drill Oil, gas,
water, sand and salt wells. and to do
general prospecting for oll. 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 IN"
par value Of one dollar each, and All
stock subscribed for shall be paid for
in cash at such times, in such amounts
and with such notices to the 'ubscllb-
erS. as the managers ana directors
shall deem best for all parties IN IN
terest: provided that. al The option of
the board of directors. the equivalent
of cash in property or property rights
NAV he given and received III 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 i've
| stockholders to be selected by the
| shareholders at Il meeting to be held
on the first Monday Of March of each
wear. commencing with the year 1903.
All srch elections shall be by ballot
under the supervision or two com
mis- siOn-rS to be appointed by the
| board of directors and who shall re.
| ceiye all votes cast 10y StOckhoid erS
! in person or by proxy. and canNa ISIS
and declare the result of such election.
All meetings and elections of and by
shareholders shall be held after due
notice taereof . iven in a weekly news
paper published at Jennings for two
| weeks prior thereto. At ali meetings.
and elections of and by shareholders,
each stakeholder shall be EMIT ed to
cast, in person or by proxy, one vote
for each share OF stock held by him.
After each regular election, the board
of directors shall elect from their OWL
number a president, vice-president
a secretary and a treasurer: provided
that, at the option of said board, the
| Office Of treasurer may be held 10y
either of the other officers above
named. The board Of directors shall
have the power to issue, or to cOnte1
on the president general or specla
power to issue prOmissory notes o.
other negotiable paper. All contracts
} bills Of exchange and prOmiSSOrN note
of the company shall be signed by th
president and by the secretary, ant
in case Of the absence of the president
or his inahility,to act, by the Vice-preSl
, dentand blythe secretary: and in the cas-
: Ofthe absence of the secretary, or hi
l inability to ret, his place shall b
1 filled by some one designated tor tina
purpose by the board of directors.
= Until the stockholders meeting O
, election to be held by the stockholder
Z on the first Monday of March, 1903
the board of directors shall be CON
2 posed of Alba Haywood, Q. w. Hey
wood, Dewey Haywood, w. Scott Hey
wood and Elmer Z. DObbins. and tn
officers of the above corporation sha
T be Alba Haywood, president: o. W
Heywoor, vice-president and Elmer L
q Dobbins, secretary and treasurer
Three of the members of the board {
directors shall constitute quorum fu
= the transaction of business. The sal
5 board shall have authority to appoir
such agents and employees as it sha.
deem necessary: to fix their salariel
l, and to define their powers and author
n itv. In case OF vacancy in the boar
of directors, or in any other office, tn
n remaining directors shall have powe
O to fill the same. All directors and o
ticers shall remain in Office until thei
y successors are elected and qualified
!. and failure to hold elections or othe
meetings shall not dissolve the corpI
e ration, but the election or meetin
4 shall be held as soon as possible ate
The regular day.
ARTICLE ".