The southern sentinel. (Winnfield, La.) 1883-1910, 1906-06-29
ACT OF INCORPORATION
OF
WINFIELD OIL WELL RAILWAY
COMPANY

Y &ONkFAINf
State of Louisiana
Parish OF Winn
Be il remembered: That, on this the l2tl
day of June, A. ID. nineteen hundred and six
Q9Oo). before me, Robert Wade Oglesby, !;
Notary Public. duly commissioned and quail
ned, within and Tor the Parish of winn, Louis
lana, and in the presence OF the undersigned
witnesses of lawful age and domicile, ap
Strong, John Henry Mathews, Gecge =
Eagles, ]. X. Hall, Nj. Pillar, who declared
That availing themselves OF the laws of tn,
State of Louisiana, relative to corporations
they have covenanIsd and agreed, and b.,
these presents do covenant and agree ana
bind themselves, AS well as such other person:
/ as may hereafter be ass ciated with them, Il
form and constitute corporation, u body
polite in law, for the purposes II, reliaGer Sci
forth, and under the following stipulation!
and provisions, which they accept and con
stiLuIe as their charter, to-GIt:
ARTICLE
The name ard title OF TINS corporation shall
be ..winniieid Oil Well Railway Company.
and It's doniclle Is hereby liked at Nlnnneid
Niun Parish, Louisiana, and under It's saiC
corporate name, said corporation shall have
power 10 contract, sue anu be sued, and made
aaa Use corporate seal and the same To bFeal
ami aIaer NJ pleasure. to hold, receive, have
pun chase, Improve, ALLEVIATE, convey, D1rrow
| pIeugr, mortgage and nypothecate under IL
said corporate mamie, property, real ana per
sonal and mixed; to name and appoint such
officers, directors, agents, managers and EN-
ployees rs the laier.st and col s,niV nee 81
the said corporation MAY rtQuI.e, 10 LAKE
| and use bylaws, rales ana regulations Tor The
proper management aad regulation Of a. af-
| Iairs, as may be deemed necessary and proper
ana the same to reasonably Change anu alter
4 at pleasure, and to do all other acts and
| things permitted by law, or shall or may DC
necessary and proper TO carry out the objects
| and purposes OF said corporation.
| SAID corporation unless sooner dissolved by
| o majority vote of its stockholders, shall ex-
| list and continue for period of Ninety Nlne
w, years. from the date hereof.
1 ARTICLE Ii.
| All IL gal process snail he served on Ihe pres
| Idle ut Oh this corporation, IN his absence on
| either the first vice. president, second vice.
| president, or IN their absence Gu the su rin-
lenuent, At the uoniclie OF said Corporation
+ Inc officers oI tnis eorporation shall be
prea.dent, nrst yIce-l resIu> Ut, >~couc VICE
president, u superintendent, and a secretary
and treasurer, put the office or secretary ami
treasurer may be hlled by one and tie same
person. The secretary and treasurer II the
board OF directors SHAH SO require, shall give
bond, the amount OF which the said boaru
shall determine, which officers shall be stock
holders In said corporation and shall be cleo
ted annually by the board OF directors, and
shall serve until their successors are rlecteG,
however, such officers shall be subIec;
NOV al at the discretion OF said board of Direc
tors, for good cause shown \, any time De.ore
such removal.
The objects and purposes Tor which this Cor
poration Is organized and the nature of the
business to be carried on by IL are declared
to be the following, to-wit:
To construct, own and operate a railrord
from and through the town of HInnneld, to
the oil field in vim Parish, and other points;
10 buy or otherwise acquire by deed, donation
grant, will, or by any other process known To
law real personal and mixed property,
buildings. shops, machinery, apara.us, ap-
pliances necessary to the proper manage ment
and operation of said railroad, and IN any
manner required. and own such rights and
franchises over streets and highways and pub
lie roads, ana to do all other things necessary
for hq eye n
struction, operation and maintenance OF a
railroad.
ARTICLE Nv.
The capital stock OF this corporation shall be
Fifty Thousand Dollars s5o.0ou.0oJ- to be di-
yided into u, 0C0 shares OF One Dollar (sloO
each, and as soon as Twenty I'VE Thousand
shares are subscribed Tor THIS corporation Is
authorized TO begin business and operations,
which shares shall oe paid for IN cash or it
equivalent.
ARTICLE V.
The corporate powers of this corporation
shall be vested in board of Director, to be
OF seven persons, AL OF wno.n must
be shareholders in this corporation, and
majority OF whom hall constitute a quorum.
The shareholders shall hold regular annual
meetings, The time for which Shall be uesig- |
mated by the bylaws OF tins corporation ana
meetings shall declare dividends or iJs5es, /
and transact such other business may come
before it at their meeting, and Ct suca meet |
ing, in which the stockholders shall elect a
board OF directors, said board shalt lmmedi- |
atefy elect from their board q president, first 1
vice president, q second vice president, su- ,
and secretary aud treasurer
and such other officers and agents rs they may
deem necessary TO serve fer the next ensuing I
year.
be composed of j. ID. Pace. b. Il. henry, will I
A Strong, John Henry Mathews, George p.
Eagles, j. X. Hall, M. Pillar.
In ali elections, each stockholder shall be /
entitled to one vote for each share OF stock /
held by him, and these votes must be cast by |
him in person or by proxy, authorized III any |
manner that may be requi cd by the board OF /
directors, under their general rules and by |
laws, and the majority OF the votes cast shall !
elect.
TIE board of directors shall make such by I
laws and regulations as may be necessary for |
the proper management OF the affairs OF this
ana shall amend AID change the l
same as they deem best, and shall have power /
to provide tor, contract debts, borrow money, |
issue bonds. drafts, notes. acceptances, exc |
cute mortgages, and TO DO all other Things IN |
cident 10 the objects and purposes OF this cor |
poration, and shall have authority to vest the |
president and the superintendent with such OF |
these powers as they see ut.
This charter may be changed, amended or |
dissolved by a majority or the stockholders, at |
q meeting called tor that purpose.
Should this corporation be dissolved by q |
vote of its stockholders, its affairs shall be |
liquidated by the board OF directors IS liqui- |
dating board,
Shares Of stock can only be transferred or
by having the transfer recorded on
the books of the corporation, and no transfers
of stock can be made until any unpaid balance
thereon shall have first been paid.
ARTICLE VIII.
The president, or in case OF his inability to
act, either the first vice president or the sec
ond vice president, Is required TO give each
ten days, notice IN writing
through the mail before each annual meeting
of stockholders, and at any called meeting
three days notice ST all be given in the same
manner, unless the stakeholder is present and
valves such notice.
Any irregularity or informality in the organ
ixation of this corporation shall not render
this charter null.
This done and passed in the presence OF J.
NJ Hyde and Geo. M. wallace, two competent
witnesses, and me, said notary, on this nth
day OF June, A. ID. nineteen hundred and ak.
Names No. Shares Amount.
T. D. Pace ....--.-.--.-. 5000 26,OCo
B. z Henry per J. D. Pace 100 lvo
M pillar per j. D. Pace 100 100
Geo. p. Eagles . 1910 1000
j. r. Hall . 1000 I00J
uiu Strong 80 1UO