The Caucasian. (Shreveport, La.) 1900-192?, 1905-03-23
CHARTER
OF THE LOU ALLEN OIL CON-
PANY, LIMITED.
State of Louisiana. Parish of Caddc

Be it known that this day before me-
the undersigned notary public, in and
for Caido parish, Louisiana, duly COM
missioned, qualified and sworn, came
and appeared the several persons whose
names are hereunto subscribed, all resi-
dents of Cadio parish, Louisiana, who
declared that, availing themselves of
the provisions of Act No. Sc of 1883 of
the General Assembly of the State of
Louisiana, as we'll as those of the general
laws of said state, relative to the Or
ganization of corporations, they have
formed themselves, their associates and
successors into corporation for the OBJ
Jects and purposes and under the agree
ments and stipulations hereinafter set
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
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 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 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 ".
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 board of il
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
quit, G. NJ. Agurs and J. W. White,
who shall serve until their successors are
chosen. The officers of this corporation
hall be president, vice president and
secretary and treasurer, and the first
# said officers are declared to be R.
(. Colquitt, president; J. w. White,
ice president, and w. c. Agurs, secre-
airy and treasurer, and they shall serve
Until their successors are chosen, as here
n provided for. A majority of the stock
resent shall elect the directors, and in
II elections Or proceedings of stockhold-
RS each share of stock present or repre-
ented by written proxy shall be entitled |;
. one vote. Notice of all elections or s
MEETINGS of stockholders shalt be adver- Is
sed ten days in daily Shreveport pa t
er; directors to be chosen at the office X
company. II
ARTICLE vi. +
Failure to hold an election for direc-
Yrs on the day named shall not dissolve
lie corporation, but the incumbent d.
,ctors shall hold over until their success
'rs are duly qualified and elected. Any
acancy in the board shall be filled by
le remaining directors. The board of
rectors shall have the power to con-
act debts, borrow money, buy and lease
'operty, and to do all things necessary c
, carry out the objects and purposes lc
this corporation. 0
ARTICLE VII. $,
No sale of stock shall be valid or LII
nding on the corporation until the same
IS been transferred on the books ofi;,
e company; no transfer or sale of n
ock shall be made by any stakeholder
this corporation without his givingI
is company ten days notice of his in
ntion to sell and giving the said cor
ration the preference of purchasing :
me- a .
No stakeholder shall be liable on any
legation of this corporation in any fur
.r sum than the amount of unpaid bal
&c on his stock On failure of a stock gi
lder to pay for stock subscribed it Ibe
all be optional with the board of di- Ice
tors either to declare the delinquent tn