The Caucasian., 1905-02-16
CHARTER
OF THE LOU ALLEN OIL COM
PANY, LIMITED.

State Of Louisiana. Parish of Caddo
Be it known that this day before me
the undersigned notary public, in ant
for Caddo parish, Louisiana, duly com
missioned, qualified and sworn, cam
and appeared the several persons who's
names are hereunto subscribed, all resi-
dents of Cadio parish, Louisiana, who
declared that, availing themselves O.
1.-The provisions of Act No. sc of 1888 o:
the General Assembly of the State O.
Louisiana, as we'll as those of the genera
laws of said state relative to the or
ganization of corporations, they have
formed themselves, their associates and
successors into corporation for the OBJ
ljects and purposes and under the agree
ments and stipulations hereinafter sci
forth, which they hereby adopt as their
charter
ARTICLE I.
| The name of this corporation shall be
Lou Allen Oil Company, Limited, and
by that name it shall have the power and
authority to enjoy succession for ninety
nine years, to contract, sue and be sued,
and use corporate seal; to hold, pur-
chase, lease, sell and hypothecate prop
ert y,real and PERSONAL and to name
managers, directors and agents as the
interest of the corporation may require,
and to make such bylaws and rules for
the proper management of the affairs of
the corporation as may be necessary.
ARTICLE II.
The donicile of this corporation shall
be in the city of Shreveport, Louisiana,
and all citations and other legal process
shall be served on the president, or in
his absence at the office of the company
according to law.
ARTICLE III.
The object for which this corporation
is organized and the nature of the busi
ness to be carried on by it, is as follows:
To develop oil, gas or minerals on any
property, owned, leased Or controlled by
it or Others in the state of Louisiana Or
elsewhere in the United States, and gen
orally to do all things in frrtherance
thereof.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at twenty thousand dol
lars, divided into two hundred shares
at one hundred dollars per share, par
val,,e, full paid and worcestershire, each
to be paid for in cash Or its equivalent
where subscribed for; and said corpora
tion is authorized to commence business
when one hundred shares of said stock
is subscribed and paid for.
-.* ARTICLE V.
The corporate power sof this corpora
ton shall be vested in board of di-
rectors OF five stockholders who shall
be elected on the first Tuesday in Feb
ruary, 1906, and annually thereafter. The
first board of directors is declared to be
w. L. Foster, w. c. Agurs, R. K. Col
quitt, G. NJ. Agurs and ]. w. White,
who shall serve until their successors are
chosen The officers of this corporation |
shall be a president vice president and
a secretary and treasurer. and the first |
If said officers are declared to be r. |
K. Colquitt, president; J. w. White,
vice president, and w. c. Agurs secre-
tary and treasurer, and they shall seryeI
until their successors are chosen, as here
IN provided for. A majority Of the stock
present shall elect the directors, AMI in
i'll elections or proceedings of stockho1d-
ers each share of stock present Or repre-
,ented by written proxy shall be entitled
o one vote. Notice Of all elections Or
meetings of stockholders shall be adver-
ised ten days in daily Shreveport pa
oer; directors to be chosen at office of
company.
ARTICLE VI.
Failure to hold an election for direc-
ors on the day named shall not dissolve
he corporation, but the incumbent di-
.ectors shall hold over until their success
'ors are duly qualified and elected. Any
vacancy in the board shall be. filled by
he remaining directors The board of
directors shall have the power to con-
ract debts, borrow money, buy and lease
property, and to da all things necessary
o carry out the objects and purposes
# this corporation.
.s ARTICLE VII.
No sale of stock shall be valid orI
,inding ON the corporation until the same
las been transferred ON the books Of
he company; n otransfer Or sale of
tock shall be made by any stoekholder
i this corporation without his giving
his company ten days notice of his in
entipn to sell and giving the said cor
,oration the preference of purchasing
anne.
No stockholder shall be liable on any
obligation of this corporation in any fur
her sum than the amount of unpaid bal
nee on his stock. On failure TO stock
loldsr to pay for stock subscribed it
hall be optional with the board OF di-
ectors either to declare the delinquent
- Z L