The southern sentinel. (Winnfield, La.) 1883-1910, 1903-08-07
CHARTER.
Saline Oil & Mineral Company
Limited.

STATE OF LOUISIANA,
PARISH OF WYNN,
Town OF WINFIELD.
Be il 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,
dence of America, the One Hundred and
Twenty Sixth; Before me William Mayteld
Wallace, notary public duly commissioned and
qualified within and for the Parish OF Wlnn,
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 availing themselves of the
benefits and privileges of the laws of the state
of Louisiana, relative to the organization OF
corporations, they have formed and organized
and BY these presence form and organize them
selves as well such other persons as may
hereinafter Join them, their successors into
corporation and body polite IN law for the
stipuiations 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 g. Mineral Co., Ltd, and
| under said name it shall have and enjoy cor
| porssse existence for period OF ninety-nine
| years from and after date of this act. Its dom
| cile shall be in the town of WINFIELD. Parish
of Winn. State of Louisiana. It shall have
| power 10 contract, sue and be sued, to make
| and use corporate seal, to hold, receive, pur-
mortgage property. real, personal or mixed,
corporal or incorporal, to name and appoint
| such managers, agents, directors and officers
| as the business interests and convenience may
| require; to make and establish as wen as alter
| and amend, from time TO time, such bylaws,
| rules ana regulations for the government OF
the affairs Of the corporation as may be nee
| essa-y ana proper, and generally 10 have and
enjoy such further rights, powers and privilege
rs are now as or may be hereafter granted 10
like corporations or corporations in general BY
| the laws of the State OF Louisiana,
ARTICLE II.
/ The objects and purposes for which this cor
l toration is organized and the nature of the
business TO be carried on byit are hereby de-
clared TO be: To buy, purchase and other
wise acquire by deed or gift, will or otherwise,
to own, have and hold, to sell, convey and
dispose of land and leases, oil, gas stone, mar
bic, salt, Sulphur. coal, gypsum, lead, zinc,
copper, iron, gold, silver, and all other mineral
| aud mineral deposits of whatsoever character
: or description by whatever process known tc
the law. to own and operate mines, drills
pumps, shafts, and pipe lines, tanks. elevators
I and retiaeries mining machinery OF every kind
ana character, in fact all kinds and character
OF machinery for boring, pumping, refining
6 piping. tanklng, barreHng. shipping and mark
! citing oil. gas, sulphur, and all other kinds o
machinery necessary for the mining and manu-
| featuring and marketing of any and all miDen
| al and mineral deposits, to construct and OPP
: crate electric or other railroads, tramroads o
: other means OF transportation for to construct
lease, own and operate electric light plants, q
y build and operate general stores and TO man
ufactare. buy and sell oil, coal, gas, sulphur
and AL other character and kinds of minera
n deposits to buy and sell oil, COAL gas, sulphu
y and al other kinds and characters of minera
!, bearing lands, to own, buy and sell town lots
- buildings etc. and 10 do all other things nee
7, iesssry Tor the convenience or incidental TO tn
il objects and purposes above set FORTH
J. ARTICLE III.
q The capital stock OF this corporation is here
I by declared TO be the sum Of Three Hundre
Z. Thousand Dollars $500 ,000.0o) divided an
a represented by $4,000 shares Of the par valu
9 of one dollar each
a. Said stock shah be paid for at such time i
-,s,x in Sfassnr
= fixed By the BOARD of Directors, or the sam
: may be issued for labor done, services perform
:, ed or property actually received by this COZ
~ poration.
All transfers of stock shall be made upon til
E books of the company and only such person
y, as appear on the books of the company as i
a, stockholders shall be entitled to the right
" stockholders.
e This corporation shall have right to begi
a. operation when Fifteen Thousand Shares ha'
III III been subscribed and paid for.
i. II ARTICLE w
By \ The business and affairs of this corporate
u shsll be managed and conducted by Board
ed Directors to be composed of eleven stoc
al holders to be elected annually on the Fir
es Tuesday in June Of each year, except the ir
III Board appointed in this Charter who shs
be hold office until the First Tuesday in Jur
he 1901.
ge All elections shall be held by ballot al
nd conducted at the office of said corporate
vet under the supervision Of three commissions
ye, to he appointed by the Board of Directors.
nd Notice of such election shall be given by I
lgs secretary of the corporation by the publcati
his for not less than ten days prior thereto, il
10 newspaper published in the town of Winnie
,se 4 At ali such elections and ut all corpora
meetings every stock-hclder shall be entitl
to one vote for each share of stock that sh
have been standing in his name on the boo
Bile of the company for thirty days prior to the d,
Of OF such meeting to be cast in person or
ces written proxy and q majority shall elect.
on Any vacancy occurring among the directs
be by death, resignation or otherwise shall
ten filed for the remainder Of the term by the
of manning directors at the first directors me-
for ing
In A failure to elect directors on the date ab<
aey specified shall not dissolve the corporation
eck impair its corporate management but the
rst | rectors then in Office shall continue tn
the duties such until their successors have b.
iali elected and qualified.
util The board Of directors shall elect at e:
ate annual meeting . President, Vice Preside
General Manager and Z Secretary and Ire
on urer, but the officers OF Secretary and Ire
Ter urer, may be 6lled By the same person, 5
ehe board Of directors may frum time 70 time m
and appoint Ill such other ozlcials and age
- = NY doom necs8axx Tor the purposes
= boefneMes e 0e corporation, they q