The Caucasian. (Shreveport, La.) 1900-192?, 1905-03-07
CHARTER
OF THE SHREVEPORT -TEXARK-
ANA OIL AND PIPE LINE
COMPANY

flee in said parish and state, w. F
Green, resident of Tyler, State o
Texas; E. G. Allen, resident of sai'
parish and state; J. B. Reynolds, resi-
dent of Texarkana, State of Texas
|C. F. Hamilton and c. S. Soaring, resi-
dents of said parish and state, who eacl
stated and declared to me notary tha
tthey have formed and constitute them
selves, as we'll as all others that ma,
hereafter become associated with them
in body corporate, under the name ane
style and for the purposes and objects
hereinafter named, under and by virtue
of the laws of the State of Louisiana
/ in such cases made and provided, ane
have adopted this as their charter and ac
of incorporation towit:
ARTICLE I.
The name of this corporation shall be
the Shreveport Texarkana Oil and Pipe
Line Company, with its domicile at the
city of Shreveport, said parish and state
under said corporate name it shall have
and enjoy the right of succession for a
period of 90 years from this date, unless
sooner dissolved in the manner herein
after set forth
ARTICLE II.
The object for which this corporation
| is formed and the business to be carried
on by it are hereby declared to be to own,
operate, lease or acquire oil and mineral
lands, oil, contracts or leases pipe
lines for the conveyance of oil, and tc
bore and ievelop such oil lands Or oil
rights, and operate oil wells, sulphur
wells or other mineral wells, and to own
and operate such lines of railway. tanks,
cars, oil tanks and other neeiful appI-
ances as may be necessary 10 carry into
effect the purposes herein. declared.
a. ARTICLE III.
The capital stock of this corporation
shall be and is hereby fxef at the sum
of one hundred and fifty thousand dol
lars, divided into one hundred and fifty
thousand shares of the par value of one
dollar each, to be paid for in cash or
real estate at the time of the snbscrip-
ton thereto, and it shall commence busi-
ness whenever eighty-6ve thousand dol
lars of its capital stock is subscribed for
and fully paid. Each share of stock
shall be entitled to one vote in all meet
ings of stockholders, either by its owner
in person or by written proxy, and all
stock of said corporation shall be trans
ferable on the books of said corporation
at its don,icile.
ARTICLE ".
This corporation shall have power to
hold, buy and own both real and per-
sonal property, to lease, or acquire, all
kinds of property; sell, mortgage or hy-
pothecate both real and personal prop
erty; to contract, sue and be sued in its
corporate name; to make and use cor
porate seal and the same to change or
alter at its pleasure; to name and ap-
point such agents, officers, employees and
managers as its interest may require and
the same to discharge at pleasure, and to
make and adopt such rules and bylaws
IS the interest and business of the cor
poration may from time to time demand.
+ ARTICLE v.
The officers of this corporation shall:
be president vice-president and secre-
tary and treasurer, who shall hold theia
offices from the first Monday in March
Of 1905 Until the first Monday Of
March, 1906, or Until their successors
are duly elected and qualified All legal
process shall be served on the president,
or in his absence on the vice president,
or in the absence of both on the secre-
tary and treasurer, at the office of the
corporation in the city, of Shreveport,
La rs S~a- ~ .s5-
fl ARTICLE VI. -
The affairs Of this corporation shall
be managed by board of directors con-
sisting of five stockholders, who shall be
elected annually by the stockholders at
i general stockholders meeting to
be held on the first Monday in
March OF each year, and who, shall
hold their Office for the period of
one year or until their successors are
duly elected and installed, and from
the board of directors 50 chosn, said
board shall elect its president, v1ce-pres-
iient and secretary and treasurer In
the event of any vacancy occurring in
said board of directors the same shall be
filed by the remaining members of said
board electing stakeholder to fill out
the unexpirei term of said vacancy. The
FIRST board Of directors shall be w. E.
Green. who shall be president; E. 6. Al
len, who shall be vice-president; ]. B.
Reynolds, who shall be secretary and
treasurer, and C.F. Hamilton and C. S.
Soaring, who shall hold their respective
offices until the first MONDAY in March,
1906 or until their successors are elect
ed.
ARTICLE VII,