The Meridional. (Abbeville, La.) 1856-1906, 1903-06-06

Va LAiSihoLH 7 AbCiSLoS thSJ Iabe SNSi<t ann
mutually agreed and covenanted among them
selves and with each other to form. constitute and
organize, and do by these presents form, consti-
tute and organize themselves into Il corporation for
the objects and purposes and under the
stipulations and agreements hereinafter set forth
and expressed
Article I
The name and title of this organization shall be
'The Abbeville Oil Company, Limited,' and it
shall have and enjoy existence and succession in
its corporate name for the full period of ninety
nine (oo) years from date of this charter, unless
sooner dissolved in the manner hereinafter pro-
yided
Article II
The donicile OF this corporation shall be in Alb
vile, Parish of Verlnilion State of Louisiana Ali
citations and legal process shall be served on the
president of the company, or in the event of his
absence or inability to act then upon the vice.
president or in case of the absence of both said
officers or their inability to act, then upon the sec
Tetary
Article III
This corporation shall have the power to sue and
be sued and to contract; to make and use a corpo.
rate seal, and the same to alter or break at pleas
ure to purchase, hold, receive, sell lease as well
as mortgage, hypothecate. or pledge property
rights and credits, in such manner as may be al
lowed by the State of Louisiana, to issue bonds,
pronissory notes, or other evidence OF indebted
ness; to name, elect and appoint all such Off
Gers, directors, managers and agents, as the int.
rest and convenience of said corporation may re-
qulre and provide for their payment, removal,
substitution, in case of death, resignation or alb
sence or inability to act, or other sufficient cause
as well as for their discharge; to make and estab-
llsh such bylaws, rules and regulations for the
conduct of its affairs as may be necessary, conve-
nient or proper and the same to alter, change or
amend at pleasure; and to do all such other acts
! and things as may be necessary to or facilitate the
carrying out of the objects and purposes of this
corporation
Article w
The objects and purposes for which this corpo-
ration is organized are declared to be: To pur-
chase, receive. hold, lease or otherwise acquire
mines. mineral lands mining rights, claims and
privileges, or Land, in the State of Louisiana or
elsewhere. and to propect, explore, examine, test
and develop, open, work or in any manner use or
turn same to advantage; to prospect and search
Tor natural gas, Oil, petroleum, coal salt, sulphur
or other mineral or elements of use or value and
to investigate, examine, and to drill, bore, dig or
put down such wells, pits or shafts as NAV be
deemed expediert for that purpose; to mine, dig,
blasf, excavate, pump, or otherwise obtain or pro-
cure natural gas, oil, petroleum, coal, sulphur or
other mineral or substance of use and value, and
10 prepare. purify, refine, manufacture transport,
convey, store, warehouse. sell or otherwise use or
dispose OF same to drill put down, excavate or
make and to maintain. repair, operate and work
any wells, shafts. mines or works that may be
necessary or convenient to accomplish and carry
on the objects and purposes herein set forth: and
TO build, erect, make maintain and operate any
ouliaings, houses. pumps, machinery, apparatus,
A'AAAS g AOL oiIIIiOU YlS I
Canals, ievees, reservoirs, pipe line, tanks. or other
things that may be necessary or expedient to ac-I
coInpl1sb and carry on the objects and purposes |
hereln set forth and in general to do any act or
thing necessary, convenient OF incidental to the
accomplishment of the objects and purposes set
forth herein
Article v |
The capital stock of this corporation is hereby
fixed at the sun, of Two Hundred and Fifty Thou |
sand Dollars. divided into two hundred and fifty
Thousand shares OF The vuiua nf nna Jfnii,~i
each which shares shall be paid for i'm money ar
ITS equivalent in PERSONAL or real property, or ser
wees rendered., and in such manner or on such
terms as may be directed by the Board of Direct
ors, provided however that this company NAV
commence business after not less than Ten Thou
sand Dollars OF stock shall have been subscribed |
All transfers OF stock shall be made on the books |
OF the company, at its Office in Abbeville, Louis /
lana, and on surrender of the certificate therefor 1
NO transfer shall be made and no certificate issued |
except tor full paid stock All certificates shall be |
signed by the president and countersigned by the
secretary
Article vi
The officers of this corporation shall consist OF a
PRESIDENT, a Vice President, a Secretary and al
treasurer ALI the corporate powers of this corpo-
ration shall be vested i'll and shall be exercised by
a BOARD OF directors composed of nine members. |
to be selected by a majority of the stockholders of
ans corporation on the second Thursday OF the
month OF July of each successive year after the
year 1904; the first election under this charter
to De held on the second Thursday of July, 1904
All such elections shall be made by ballot at
the domicile of this corporation under the
pointed by the Board of Directors who shall
receive all votes of stockholders authorized to
vote at such elections, in person. or by proxy,
and who shall canvass and declare the result ~
such election; the said electiok for board Of hi.
rectors are to be held after go days notification
thereot gwen by the secretary of this corpora
tion ny written notice addressed and mailed to
the stockholders at their usual most office and
by publication fo1 80 days in a newspaper pub
Iisnea IN the Parish of Vermilicn,. State of
Louisiana. 1t is however provided that the
board of Directors hereinafter named to consti.
tute the first hoard of Directors of this corpora
ton, as well as those subsequently elected
unaer these articles OF incorporation shall con
been elected and duly indicted into office.
For the transaction of any and all bust
ness OF this corporation, majority of the
Of the Board of Directors shall
constitute a quorum, and at the first
meeting of SAID Board. after the first an
nual election h%ereinabove provided for,
Gney. snail elect from their members a
Vice-President, a Secretary
anu treasurer, and such other officers as
be provided for in the bylaws of
TINS corporation, and SAID Board of Direc-
tors and their successors shall be author
1zed 10 appoint from time to time such
oIncersS, agents and employees as they
may deem necessary for the proper
management and carrying out of the
BUSINESS or their corporation and shall
likewise f1 the compensation of such
agents. officers and employees, and shall
have the right to establish all such by
laws, rules and regulations which may be
deemed requisite for the support,
management and regulation ofthis corpo-
ration The Offices of Secretary and Treas
urer may be held by the same person
The president sha1i be the executive Of
gcfer, and when present he shall preside at
all meetings, and be is hereby authorized
to act for said corporation in executing all
deeds, conveyances, mortgages, contracts,