The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1902-03-01
CHARTER
OF THE HAYWOOD BROS. s. DOB
BINS WE'LL co. LIMITED.
State of Louisiana,

VI LIE LIE "OUOD oI6Oo. q LTD.
BINS WE'LL co. LIMITED.
State of Louisiana, !
Parish OF Calcasieu,
Before the undersigned Notary Pub
lie, in and for the Parish of Calca sieu,
and in the presence of the undersigned
competent witnesses residing in said
parish, came:
Alba Haywood, Ohio w. Haywood,
Dewey Haywood aad w. Scott Hey
wood, resid nts OF Beaumont, in the
State of Texas, and Elmer E. Dobbins,
a 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 wella as
| such other persons as may hereafter
become associated with them, and
| their successors, into q corporation or
body polite in law under the name OF
"HEY WOOD BROS. & DOBBINS
WELL COMPANY, with its domi-
cile in the town of Jennings, talcasieu
Parish, La, and to have and enjoy
succession by it's corporate name for
the period of ninety-nine years from
the date hereof.
said corporation may be served on its
president, and, in his abs eace, upon
it's vice-president.
ARTICLE l.
| rJNlo for ,rl oh this
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, ana 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 suDscrlb-
ers, as the managers and directors
shall deem best for all parties in III
terest: provided that, al the option Ct
the board OF directors, the equivalent
; OF cash in property or property rights
may be given and received III pa! :
meut for stock subscribed.
ARTICLE III.
Ali the powers oi the corporation
> shall he vested III and ue exercised by
a Du;, ID OF Gil ect: rs composed OF 1--we
I > DC .noiuers to re selected by iEe
shareholders at d meeting to he held
Oh tic first Monday o: March Of each
. year, cOulnenclns with lie year 1918
All srch elections shall he by bale
under the supervision OF TWO com
missiun-rs TO be appointed by thu
:. board of directors and who shall re
S ceive all votes cast by Stockholders
in person or by proxy, and canvas
, nd declare the result OF such election
- All meetings and elections OF and b.
20 shareholders shall be held after du
X notice thereof given i'll weekly news
n DIper published III jennings 10" "
wee..s prior The: ctU. AZ all meeting
AHA tirc,lUHs of and by shareholders
clcn s1ocNi4olucr shall be entitled
u, cast, ii. person or ny proxy, one 'o'
~ Tor cacI snare oi stock IIeiu by bin
Ate; cucn regular election, the boar
vi directors shall elect from tAclr oW
numb; r ID president, VICE i'resldcn
~ a secretary anu IL treasurer; provlue
G. that, at the option OF said board, IL
iS O lice Of treasurer may be held b
either of the other officers aboN
named. The board of directors sha
I'd have the power to issue, or to conf
h on the president general or specl
Of power to issue promissory notes
other negotiable paper. Is ii contract
bills of exchange and prOmissOry not
90 of the company shall be signed by Il
c. president and by the secretary, al
To- in case of the absence of the preslder
or his inability TO act, by the vice-pre!
denta and by the secretary; and in the ca
i'll, ofthe absence of the secretary, or
y. inability to ret, hts place shall
r. filled by some one designated for tn
=. purpose by the board of directors.
IL" Until the stockholders meeting
he election to be held by the stockholde
llS on the first Monday OF March, 49,
las the board Of directors shall be co
est posed OF Alba heywooa, ". w. ~
e. wood, Dewey Haywood, w. Scott Ht
wood and Elmer E. Dobbins, and
no officers of the above corporation sh
be Alba Haywood, president; 0.
Heywoor, vice-president and Elmer
w. Dobbins, secretary and treasur
lnd Three of the members of the board
)nS directors shall constitute a quorum
as the transaction of business. The s.
All board shall have authority to apo
nv such agents and employees as it sh
N. deem necessary: to fix t1ejr salari