The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1904-06-10
CHARTER OF TIE
Stan!aP! OIL %. d Louisiana, I'D.

St8Sssfs VII g9s d aVa'Si$bs, LII,
STATE OF LOUISIANA
PARISH OF CALCAsIEU.
BE it know l. that on the 9TH day Of May, 10
the Year of Our Lord One Thousand Nine
Hun cred and Four. before me, CHAs.P. MAR
TIN, a Notary Public duly commissioned and
qualified in and for the Parish Of CalcaSieu in
the State 81 louisiana il the presence Of
witnesses hereinafter named AMI undersigned,
personally appeared the several persons
whose names are hereto sub, ribed, who sey-
orally declared that awaiting themselves Of
tne laws OF Louisiana, in such case made and
provided, and more especially with Act No.
10 OF the acts Of the General Assembly Of the
state Of Louisiana for tie year 1850, and OF
all acts and parts OF acts amCldatOry thereof.
they do by these presents, covenant, agree
and bind themselves as well as such other
persons who may be associated with them
hereafter as follows, and for the purpose of
forming and creating a corporations and hOdy
p)ItlC IN lew for the object and purposes and
under the stipulation following, to-wit:
ARTICLE /.
The name and title of the Corporation here
by formed shall be THE STANDARD OIL
COMPANY OF LOUISIANA, Limited, and its
domlcile is hereby fixed at Welsh in the Cal
caSeu Parish and State of Louisiana.
ARTICLE II.
The object and purpose of said corporation
ami the nature OF the business to he carried
on ny ( are as follows, tO-wlt. To buy, own,
sell, exchange, mortgage and lease all kinds of
real estate and personal property, and to make
Snch improvements as are necessary tor the Op-
Grafton and CarIl ing on the business Of the cor
poratlon and TO buy, own, lease, build build
lngS or machinery or other fixtures and app!i-
anCeS, on such land, that may be deemed neCeS-
sAFV To COnIUrt the huSinaES IF tho rOrDCTu-
tl0n; to prospect, work and mine any and all
minerals wherever the same NAV be found,
and more especially, salt, sulphur natural
gas, rock, oil, or petroleum, and to smrlt, and
refine and manufacture the minerals so found,
To buy and sell the same in their crude and
manutactured state, to erect and maintain &ll
buildings, machinery. fixtures ana appliances,
maintain and extend the same and build all
pipe lines and other things necessary for the
transportation Of said products to market
ARTICLE III.
Said corporation shall enjoy succession by
It's corporate name and shall possess all the
powers incident to CORPORATION and author
lied by law for the period OF forty gears from
the date Of this act.
ARTICLE ".
The capital stock Of this CORPORATION 4 here
by fixed at Five Hundred Thousand Dollars
l$300,00o.00l, divided into Five Hundred
Thousand Shares OF par value Of one dollar
per share. The corporation may begin bust
ness at any time that a majority Of the direc-
tors may decide after fifty thousand shares of
stock have been subscribed. The board Of
directors may direct stock sold for fine devel-
opment Of the cOnpanys properly in such
amounts and at such prices rs it may deter
mine, and all stock not subscribed for shall
remain the property of the corporation and
shall be treasury stock. The board of direc.
tors shall, furthermore, have power to dispose
OF tins stock in payment for labor performed
or services rendered, and in payment of inter.
est and IN actual purchase, leasing or rental
OF property. The certificates Of stock shall be
signed by the president and attested by the
secretary under the corporate seal Of the COM
pany, and shall not he issued until fnlIy paid
for, and are transferable only on the books of
the company.
ARTICLE V,
The capital stock may be increased or de-
creased at such times and to such an amount
as may hereafter be decided by n twO.thlrds
vote, OF the stock voting at any meeting. Al!
STOCK shall be worcestershire.
ARTICLE VI.
The power of said corporation shall be vest
ed in the board of directors to be composed of
t seven stockh9IderS to be elected yearly, on
the Ith day Of May OF each year hereafter The
first Board of Directors shall serve until the
annual meeting in 1905 and thereafter until
their successors shall he elected and duly
qualified. Ten days notice by registered let
ter directed to the last known address Of each
stockholder and by publication in newspaper
at the domicile of the corporation for fifteen
days shall be the notice required for the cleo
ton. Each share Of stock shall be entitled to
vote and majority, or such votes cast at
such meetings shall elect The Board of
directors shall annually elect from their num-
her, president. vice-presideut, secretary,
IN assistant secretary and a manager or as
many managers and under officials as they
may deem necessary for the purpose of carry
ing on the business to the best interest of the
corporation.
All officials shall serve after elected, during
the term OF the Board electing them. Four
members OF the Board shall constitute a quo
rum for the transaction of business.
The Board of Directors shall have all neces-
Sary power to make bylaws. rules and regula-
tons for the government of the affairs Of the
Corporation and to change the same when
they deem 1t necessary.
VACANCIES in the Board of Directors shall be
filled by the said Board of Directors during
the intervals between the elections. In ali
elections in which stockholders are entitled
to vote each may vote his stock in person or
by written proxy. All citations or legal pro-
ceSSes, shall be served on the president, und in
his absence on the vlce-preSideut, and in his
absence and that OF the president, on the sec
rotary.
ARTICLE VII
This charter may be amended or altered or
the said corporation may be dissolved by A
vote OF the Stockholders owning three fourths
of the Stock ut a meeting called for the pur
pose after thirty days notice by registered
letter and published in q newspaper at the
domlclle of the corporation. At the termina-
ton or dissolution of the corporation, its af
fairs shall he liGuidated by three commission
ers who shall he appointed by the StockhOld |
ers from their number.
A majority vote of the Stockholders shall
elect Such commissioners and shall establish
the terms and manner Of such liauidati0ns
and shall make and define the powers, dntips
and emolumentS of such commissioners and
the manner In which vacancies in their num-
Der shall be tiled if such occur.
ARTICLE VIII.
The corporation shall own and uSe corpor-
alton seal and shall have power to break and |
alter the same at pleasure.
ARTICLE TX.
The president shall be the executive officer
and shall preside when present at all meet |
ings, and is hereby authorized to act for said |
corporation to sign all deeds, acts convey |
ances, mortgages leases, pledges, or receive |
the same Ill the name of the corporation when |
by the board of directors, He !
shall be the duly authorized party and repre- !
OF the corporation TO institute suits, |
to defend the same and execute bonds and |
to take all necessary steps to secure |
protect and defend the rights of said corpor- |
atom. he ylce-prGSldent shall act for the |
president when he is absent and ali acts Of the |
done in the absence of the .
president shall have the same force and power |
rs though done by the president.
The secretary shall keen the records nf tha |