The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-14
CHARTER.
Saline Oil & Mineral Company
Limited.

| USIrsD STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF iwINN,
TowN OF WINFIELD.
Be ii known: That on this the 18th day OF
June, in the year of our Lord One Thousand,
Nine Hundred and Three, and in the Indepen-
denee of America. the One Hundred and
Twenty Sixth; Before me William Mayieid
Wallace, notary public duly commissioned and
qualified within and for the Parish of Vim,
State of Louisiana, and in the presence of the
witnesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto subscribed.
who declare that ayailing Themselves OF the
benefits and privileges of the laws of the State
oiloaisiana, relative to the organization of
corporations, they have formed and organized
and h these presence form and organize them
selves as we'll as such other persons as may
hereinafter join them, or their successors into
corporation and body polite in law for the
objects and purposes and under the covenants,
stipulations and agreements following which
they hereby adopt as their Charter, to wit:
ARTICLE 1.
The name and title of this corporation shall
be the Saline Oil r. Mineral Co., Ltd, and
under said name it shall have and enjoy cor
porate existence for a period of ninety mine
years from and after date of this act It's 5esr-
.icile shall be in the town of WINFIELD. Parish
of VIM. State of Louisiana. 1t shall have
power to contract, sue and be sued, to make
ana use a corporate seal, to hold, receive pur-
chase. sell, lease, pledge, hypothecate, or
corporal or mcorporal. to name and appoint
such managers, agents, directors and officers
as the business interests and convenience may
require; to make and establish as well as alter
and amend, from time to time, such bylaws
rules and regulations for the government of
the affairs Of the corporation may be nee
enjoy such further rights, powers and privilege
| rs are now as or may be hereafter granted to
like corporations or corporations in general by
the laws of the State of Louisiana.
ARTICLE III.
The objects and purposes for which this COR
poration is organized and the nature Of the
business to be carried on by il are hereby de-
ciared 10 be: To buy, purchase and other
to own, have and hold, to sell, convey and
dispose of land and leases oil, gas, stone mar
BILE, salt. Sulphur, coal, gypsum, lead, zinc
copper, iron, gold, silver, and all other mineral
and mineral deposits of whatsoever character
or description by whatever process known to
the law, to own and operate mines, drills,
pumps, shafts, and pipe lines tanks. elevators
and Eetneries. mining machinery of every kind
and character, in fact all kinds and Character
OF machinery for boring, pumping, refining
Piping, tanklng. barreiing. shipping and mark
citing oil. gas, sulphur, and all other kinds OF
machinery necessary for the mining and manu-
featuring and marketing of any and all miner
al and mineral deposits, to construct and op-
crate electric or other railroads, tramroaos or
other means of transportation for to Construct
lease, own and operate electric light plants, to
build and operate general stores, and to man
afacture. buy and Sell oil, coal. gas, snlnhnr
and all other character and kinds of ,nineral
deposits, 70 buy and sell oil. coal, gas sulphur
and all other kinds and characters OF mineral
bearing lands, to own. buy and sell town lots
buildings, etc. and to do all other things nee,
essary for the convenience or incidental to the
OBJECTS and purposes above set forth.
ARTICLE III.
The capital stock of this corporation is here
by declared to be the sum of Three Hundred
Thousand Dollars $500 00O.0O) divided and
represented by 800, 900 shares of the par value
OF one dollar each.
Said stock shall he paid for at such time in
such amount and in such manner a. NAV he
fixed by the PICARD OF Directors, or the same
may pc issued for labor done, services perform
ed, or property actually received by this cor.
poration.
All transfers of stock shall be made upon the
books OF the company and only such persons
as appear ON the books of the company as its
stockholders shall be entitled to the right OF
stockholders.
This corporation shall have a right to begin
been subscribed and paid for.
ARTICLE Nv.
The business and affairs OF this corporation
shall be managed and conducted by Board OF
DIRECTORS 70 be composed of eleven stock
holders to be elected annually on the First
Tuesday in June of each year. except the lirst
Board appointed in this Charter who shall
hold Office until the First Tuesday in June,
1901.
All elections shall be held by ballet and
conducted At the Office of said corporation
u1uer the supervision OF three commissioners
10 be appointed By the Board OF Directors
Notice OF such election shall be given by the
secretary Of the corporation By the publication
for not less than ten days prior thereto, in q
newspaper published In the town Of Winfield.
AT all such elections and at all corporate
meetings every stock holder shah be entitled
10 one vote for each share-cf stock that snail
have been standing in his name on the books
of the company for thirty days prior to the da.e
OF such meeting to be cast in person or by
written proxy and a majority shall elect
Any vacancy occurring among the directors
OF deashs resignation or otherwise shall be
l,t'ed for the remainder OF the term by the re-
manning directors At the first directors meet
ing.
failure to eject directors on the date above
specined shall not dissolve the corporation nor
fhspalr ITS corporate management but the Sii-
rectcrs fheif IN Office shah continue thefr
uutlcs rs such until their Successors have been
elected and qualified
Inc board q directcrs shall elecs 1t each
annual NESTING President. = President
2 General Manager end Secretary and Treas |
urers Duf the 080cers OF Secrctary and Treas
tzer, may pc 40ed b. the same person, said |
hoard Of d1Iec1on may ffosn tfme 70 time name
80 aPpq4nf ~ eac4 qs1eE o6lrlaia and aeenfs
= ces = - a 9eK ~ puzposes and |