The Caucasian. (Shreveport, La.) 1900-192?, 1905-03-28
CHARTER.
OF THE LOU ALLEN OIL COM
PANY, LIMITED.

the undersigned notary public, in and
for Caddo parish, Louisiana, duly COM
nissioned, qualified and sworn, came
and appeared the several persons whose
names are hereunto subscribed, all resi-
dents of Cadjo parish, Louisiana, who
declared that availing themselves of
the provisions of Act No. 60 of 1888 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
ganzation of corporations, they have
formed themselves their associates and
successors into corporation for the OBJ
iects 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
ana 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 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
lis subscribed and paid for.
ARTICLE V.
The corporate powers of this corpora
ton shall be vested in board of ii
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. M. Agurs and J. w. White,
who shall serve until their successors are
chosen. The officers of this corporation
shall be president, vice president and
secretary and treasurer, and the first
of said officers are declared to be R.
K. Colquitt, president; ]. 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 chosen at the office.
of company. -. ~
ARTICLE VI.
Failure to hold an election for diro-
tors on the day named shalt 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
and to 10 all things necessary
to carry out the objects and purposes
of this corporation. j
ARTICLE VII. 4
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
this company ten days notice of his in
tention to sell and giving the said cor
poration the preference of purchasing
same,
No stockholder shall be liable on any
obligation of this corporation in any fur
ther sum than the amount Of unpaid bal |
ance on his stock. On failure of stock
holder to pay for stock subscribed it |
shall be optional with the board of di-