The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-07

CHARTER.

State OF Louisiana,
Parish OF Winn.
o,,,,,a-ed hat on This the 2eth, day
~ June a. 81 1888 NJ Z Machen,J. w. Elllott,
]. B. Durham, j. NJ Leeper, ID, -. COATS, o. y
nurhan s. P Collins, o. NJ. Grishamr Z. =.
Elliott. NJ F. Machen Jr., G. II Durham l. y.
Jennings, J. II. Durham. l. -; Jones, D.
Holmes e. ". Fletcher, r. H. Fletcher, Z. r.
smith. w. e. Kirklend, D. b Kirkland, .. "
Boyctt, Sr.. J. w. Boyett, Jr., " r. Jaii ~ :
K. James W. 4. abrams, z. Z: Alien, "a. >
Kelly, W. =. McGsriy, w Sewers psfson-
ally and By proxy appeared hefoIe me-, ,oh D. -
Mathews, Notary fa5lIc N ana iof my ~
ish of Winn, La. duly commissioned ano
ouaIitied and in the presence OF the wlInessss
6ereinafter named and undersigned, ueci;i.s req
That availIg themselves q the iaHgs % liz
az Acts No So of 1883 and Isl OF lSt2 q the Gen
eral Assembly of Louisiana. Ihey nave cove cove
nante6i and agreed and by these presents ~
naut and agree, and bind themselves as Weli
- snch other persons as may hereinafter be
associated with them, 20 form ana constitute !
corporation, body polite an iaw ioE m i.ua
and provisions hereinafter set forth, wnien
thew hepaby accept and constitute as their
chaf'e'' - W. ARTICLE ONE.
,r,s name and title Of the said corporation to
ba the North Louisiana Oil and Mineral Com
many. Limited. ana lis dimicile IS hereby estao
fished ak winfield. Parish OF Sinn, Skate %
Louisiana; and under It's SAID corporate nsihe'
sid corporation shall have power and althor-
;tv to ~ contract. sue ana be sued to make and
use a corporate seal, snd the same TO nreah
ana alter at pleasure; to hold. receive, have,
nnrrhase. Improve ALLEVIATE. convey, sell, Dor
row. pledge, mortgage and hypotheeate unaei
lis said corporate name, properly, rssts per
so,.al and mixed; TO name and appoint suon
sn3.scars directors agents and and managers, or
employers as the interest or cohsShenoS VI
said CORPORATION; may require; 10 make ana es-
tabIish bylaws rules and regulations OF ITS
affairs. as may be deemed necessary and proper,
and the same To reasonably change ana after
at pleasure; and do all other acts ana lnlhss
permitted by Law, or as shall or may pc nee.s 20
sarv and proper 70 carry out the OBJECTS anu
nurposses of said corporation. Said ccrpor-
alton unless sooner dissolved by malonty o.
its stockholders, shall exist ana continue 10.
period of ninety-nin years, from and after the
aa'e "e-e 0 ARTICLE TWO.
SHIFTS for said corporation shall be brought
IN the na1ne of The corroration by us presl-
oent. or in his absence or inability TO act, ID
the name of General Manager, ami all process
and citation shall be served on the President
or General Manager At the donlclle ana once
IN the COMPANY and in case OF the absence or
DEATH or i.labi lily TO act from any cause OF
these two onicers citation may be served on
the Secretary. The officers OF THIS corporation
shall be = President, list Vice President, End
Vice President, Secretary ana . treasurer
The Treasurer. II the Board OF Directors SHAH
SO require, snal gave BOND the a-noun A. o.
otficer shall DC stakeholder in the said Com
pany and shall b. selected annually by the
Board of Din ectorS anu serve ubsi4 Ineir shS-
cessors are elecfel: however, such otEcefs VIII
he subject to HeEsl1ya a. st the direction OF SAID
Board for good cause shown at any time before
sacn isn's -. ARTICLE THREE.
THE objects and purposes for which this
CORPORATION IS organized, and the nature of the
business TO be carried on by Il, are declared to
be the following. to-wit; To buy. purchase
and otherwise acquire, by deed OF gift. will OF
alberwise. to own, kaye and hold 10 sell
convey aad dispose or -na aud Leases, oil. gas
stone, coal, lead, zinc. copper, gold, SILVER,
platinum. and all other minerals and lninera
deposits of whatsoever character or descrip-
ton BIZ any process known to the Law; 10 owr
and orerate mines, drills, pumps. and mininf
machinery IN eFery fCrrs and cnaFacter,f Pups
lines tanks, elevators and FefDeries, in shor1
alt kinds and chs sacter Of machinery for Tho
boring, pumping refining, piping, tanking
barreling anS shipping. and marketing oil, anS
an other kinds and character of machiner,
necessary fer the mining, manufacturing ans
marketing @ a.-y and all mineral deposits; L
construct, own 2ud operate railroads, tran
roads electric plants, and to manufacture, bn,
and sell Gil. coal. gas, and all other characte
and kinds OF minerals and sineral deposits
: to buy and sell oil, coal. tas, and all othe
kinds ana character Of mineral bearing Lands
to own, buy, and sell town lots, buildings, etc
and TO do all other things necessary fer th
execution and carrying out OF the ahoy
o' ARTICLE -FOUR.
The capital stock shall be One Million Do
lars divided into one million shares at On
operations under this charter when Twenty
i've Thousand Dollars have been subscribed.
ARTICLE FIVE.
The corporate power OF this corporatio
shall be vested iii board of directors to |
compcsed I'm not less than fifteen and NJ.
iorify of said borrd of directors shall constitu
4 quorum. The stock holders shall hold reg,
lar annual meetings, the time of which sha
be designated ia the BY Laws OF the corpors
ton, and ct snch meetings shall elect a boar
of directors and transact any other iawf
business that may come before their meetin
The said board Of directors shall meet with
seven days after the regular annual meetir
of stockholders, and at such meetings elect
President, First Vice President, Second vi
President. Manager and Secretary, Trea.sfr
and such other officers as they may deem ne
essary to serve FOR next iasuing year.
The first Board OF Directors. however, shs
and are declared TO to be, II. X. Machen, A.
Collins d. E. James, c. Z, Elliott, j. II. lie
per, L. ID. Jones, d. B. Coates. j. L. Durhal
W.T.. Abrams, G. III. Darham, p f. Smis
]. W. Boyett, sr., W. S. Kelly, w w. Mozart
O. NJ. Grisham, and they are hereby given {
power and authority TO elect such officers
they may see I'll for the eEsueirg year. In
electionfor directors, each stock holder sh'
be entitled to one vote for each share of sto
held by hin, and these votes mast be cast
the stock holder in person or by proxy, q
thorixed iir any manner that may be requir
by the Board of Directors under their gene
rales and bylaws. and the majority Of the vol
cast shall elect The Board of Directors sh
make srch BY laws and regulations IS may
business Of this corporation and shall chan
or amend the same they deem best, a
shall have the power to provide for, contr
debts, borrow money, issue bills of exchan
notes, acceptance, execution of mortgages q
approximations and for doing all other thi,
incident 10 the objects and purpose of I
corporation, and SHALL have the authority
vest the General Manager with such of tn
powers as they see ST.
ARTICLE SEVEN.
No stock holder shall in any event be ha
for the contracts or faults OF the officers
said corporation beyond any unpaid baian
that may be due by him to the Corporation
stock owned By him. Shares OF stock may
conveyed, sold OF transferred by giving
DAYS notice to the President Of the number
shares Of stock TO be sold and the price
which the said sale is to be made, who shall
turn notify the other stockholders and 1
shall have the option Of buying the st
offered for sale by paving its actual value
deducting any balance that he may owe
Company, provided, however, the above 81
not app6 10 the present shareholder u
amer the expiration q one year from the
Of this charter.
No person shall hare the night 70 vote
GhnEee u ntock transferred n11tl the txnn
ll|oll trSt hare heen nade q fhe books q
- AzIil11czx lIozx.
8 - R<ed - = - ~ ~