The Jennings daily record., 1902-03-29
CHARTER
)F THE HEYWOOD BROS. & DOB.
BINS WELL co. LIMITED.

I
Parish of Calcasieu,
Before the undersigned Notary Pub
lie, in and forthe Parish of Calcasieu,
and inthe presence of the undersigned
competent witnesses residing in said
parish, came:
Alba Haywood, Otho w. Haywood,
Dewey Haywood and w. Scott Hey
State of Texas, and Elmer E, Dobbins,
resident of Jennings, State of Loui-
siana, who declare that, availing
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, and
their successors, into a corporation or
"HEYWOOp BROS. & DOBBINS
WELL COMPANY, /" with it's domi-
cile in the town of Jennings, Calcasieu
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 It's
president, and, in his absence, upon
its rioe-president
ARTICLE 1.
The purpose for which this corpora
tion is established, and the nature of
the business to be carried on by it,
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 oil, 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, and all
stock subscribed for shall be paid for
in cash at such times, in such amounts
and with such notices TO the subscrib-
ers, as the managers and directors
shall deem best for all parties in in
terest; provided that, at the option of
the board of directors, the equivalent
of cash in property or property rights
may 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 five
stockholders to be selected by the
shareholders at a meeting to be held
on the first Monday of March of each
year, commencing with the year 1903.
All such elections shall be by ballot
mission-rs to be appointed by the
board of directors and who shall re-
ceive all votes cast by stockholders
in person or by proxy. and canvass
and declare the result of such election.
All meetings and elections of and by
shareholders shall be held after due
notice thereof given in a weekly news
IL: II,
weeks prior thereto. AT all meetings
and elections of and by shareholders,
each stockholder 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 own
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 by
either of the other officers above
named. The board of directors shall
have the power to issue, or to confer
on the president general or special
power to issue promissory notes or
other negotiab BILE paper. All contracts,
bills of exchange and promissory notes
of the company shall be signed by the
president and by the secretary, and
in case of the absence of the president,
or his inability,to act by the vice-presi-
dent and by the secretary: and in the case
ofthe absence of the secretary, or his
inability to ret, HIS place shall be
filled by some one designated for that
purpose by the board of directors.
Until the stockholders meeting or
election to be held by the stockholders
on the first Monday of March, 1903,
the board of directors shall be COM
posed of Alba Haywood, o. w. Hey
wood, Dewey Haywood, "; Scott Hey
wood and Elmer E. Dobbins, and the
officers of the above corporation shall
be Alba Haywood, president: O. w.
Heywoor, vice-president and Elmer E
Dobbins, secretary and treasurer
Three of the members of the board of
directors shall constitute a quorum for
the transaction of business. The said
board shall have authority to appoint
such agents and employees as it shall
deem necessary: to fix their salarier,
and to define their powers and author
ity. In case of vacancy in the board
of directors, or in any other office, the
remaining directors shall have power
to fill the same. All directors and of
ficers shall remain in Office until their
successors arc elected and qualified,
and failure to hold elections or other
meetings shall not dissolve the corpo-
ration, but the election or meeting
SlldJl D,S llSld aS Sooi PooSlulSu ulpCi
the regular day:
ARLLCLE ~.
Whenever this corporation is dis
solved by the limitation of time or by
the determination of the stockholders.
it's affairs shall he liquidated by two
commissioners to be appointed for
that purpose at a general meeting of
the stockholders, or a. a special meet
ing. convened after notice as herein
before provided. In case OF the death
or inability to act on the part of one
or more of the liquidators, the surviv-
or or survivors, or others may act
alone.
ARTICLE V.
No stockholder shall be held re-
sponsible for the contracts or faults of
this corporation in any further sum
a l~.,1 Il fl,.