The Caucasian. (Shreveport, La.) 1900-192?, 1905-02-23
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 AM
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 Caddo parish, Louisiana, WIN
declared that, availing themselves o
the provisions of Act No. SO of 1888 O
the General Assembly of the State O
Louisiana, as well as those of the genera
laws of said state, relative to the or
ganization of corporations, they hav'
formed themselves, their associates ane
successors into corporation for the OBJ
jects and purposes and under the agree
ments and stipulations hereinafter Sc
forth, which they hereby adopt as theil
charter.
ARTICLE I.
The name of this corporation shall b.
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 ard be sued
and Use corporate seal; to hold, pur-
chase, lease, sell and hypothecate prop
erty, 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 domicile of this corporation shall
be i'll 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 bust
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 furtherance
| thereof.
ARTICLE w.
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
value, full paid and worcestershire, each
to be paid for in cash Or. its equivalent
where subscribed for; and said corpora
ton is authorized to commence business
| when one hundred shares of said stock
is subscribed and paid for.
ARTICLE V.
The corporate powers of this corpora
ton shall be vested in a board of Ill
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. G.. Agurs, R. K. Col
quit G. N. Agurs and J. 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
of 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 serve
until their successors are chosen, as here
in provided for. A majority of the stock
present shall elect the directors, and in
all elections or proceedings of stockhold-
ers each share of stock present or repre-
sented by written proxy shall be entitled
to one vote. Notice of all elections or
meetings of stockholders shall be adver-
tised ten days in daily Shreveport pa
per; directors TO be, chossn at the Office
of company.
ARTICLE VI.
Failure TO hold an election for direc-
tors on the day named shall not dissolve
| the corporation, but the incumbent di-
rectors shall hold over until their Success
sors are duly qualified and elected. Any
| vacancy in the board shall be filled by
| the remaining directors. The board of
directors shall have the power to con-
tract debts, borrow money, buy and lease
property, and to DO all things necessary
Ito carry out the objects and purposes
of this corporation.
ARTICLE VII.
| No sale of stock shall be valid or
binding on the corporation until the same
has been transferred on the books of
the company; no transfer or sale OF
stock shall be made by any stakeholder
of this corporation without his giving