The Jennings daily record. [volume] (Jennings, La.) 1900-1903, 1902-03-22
CHARTER
OF THE HAYWOOD BROS. & DOB
BINS WE'LL co. LIMITED.

State of Louisiana, I :
Parish of iatcaSieu. ! :,
Before the undersigned Notary Pub
lie, in and for the Parish of Calca sleu,
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 Elmer E, Dobbins, |
a 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 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
"HEY WOOD BROS. & DOBBINS
WELL COMPANY" with it's domi-
Gle in thetown of Jennings, Calcasieu
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
its 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 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,
! 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 subScrlb-
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 meeting to be held
on the first Monday OF March OF each
| T,
All such elections shall be by ballot
under the supervision of two com
missioners 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 election.
All meetings and elections OF and by
shareholders shall be held after due
notice thereof given in weekly news
paper published at Jennings for two
weeks prior thereto. AT all 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 own
number president, a vice-preSldent.
a secretary and q 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 OF
other negOtia bic paper. All contracts
bills of exchange and promissory notes
of the company shall be signed by the
president and by the secretary, ant
in case of the absence of the president
2 or his ina bility,to act, by the vice-preSi
t dent and by the secretary: and in the case
! ofthe absence of the secretary, or hi:
, inability to ret, HIS place shall b'
filled by some one designated for tina
purpose by the board OF directors.
7 Until the stockholders meeting o.
election to be held by the stakeholder:
] on the first Monday of March, 1903
4 the board of directors shall be com
posed of Alba Haywood, o. w. Hey
] wood, Dewey Haywood, w. Scott Hey
:, wood and Elmer E. Dobbins, and tn
u 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 o
directors shall constitute quorum 70
n the transaction of business. The SAT-
n board shall have authority to appoln
- such agents and employees as it shall
p" deem necessary: to fix their salarler
Y and to define their powers and author
n ity. In case of vacancy in the boar
j., of directors, or in any other office, tn
n remaining directors shall have powe
" ticers shall remain in Office until thei
II successors are elected and qualified
e and failure to hold elections or othe
4, meetings shall not dissolve the corpo
, ration, but the election or meetin
, shall be held as soon as possible afte
l. the regular day.
, ARTICLE ".
= Whenever this corporation is dis
, solved by the limitation of time or b
l. the determination of the stockholders
(, it's affairs shall be liquidated by tw
commissio ners to be appointed 70
that purpose at general meeting {
d the stockholders, or at a special meet
vt ing, convened after notice as herein
,. before provided. In case of the deaf
or inability to act on the part of on
or more of the liquidators, the surviJ
" or or survivors, or others may az
? alone.
J. ARTICLE V.
> No stakeholder shall be held re
o sponsibe for the contracts or faults {
Is this corporation in any further SUI
II, L IL, In