The southern sentinel. (Winnfield, La.) 1883-1910, 1906-07-06
CHARTER
OF
THE PACE OIL COMPANY. LIMITED
STATE OF LOUISIANA, 1

lie FAVE OlL SOmPANf, Llmf ED
STATE OF LOUISIANA, I
Parish OF vim. \
Be ii remembered: That on this the 18th day
OF June, A. ID. 1906, before me. Robert wade
Ogleshy, Notary Public duly commissioned
and qualified in and for the parish of vim
Louisiana, aud in the presence of the witnesses
| hereinafter named and undersigned, personally
and by proxy appeared j. D. Pace, B. f Henry
will A. Strong. John Henry Mathews, Geo.
Eagles, ]. r. Hall, M. Pillar. who declared
That, ayailing themselves of the laws OF the
State of Louisiana, relative to corporations
they have coyenanted and agreed, and by
these presents do covenant and agree and
| bind themselves, as web as such other persons
as may hereafter become associated with them
| to form and constitute corporation, a body
polite in law, Tor the purposes and obi ects and
| under the stipuiations and provisions herein
after set forth, which they hereby accept as
their charter, to-wit:
Article /.
The name and title OF said corporation shall
be The Pace Oil Company. Limited and It's
| domicile is hereby. fixed and established al
winfield. winn parish, Louisiana, and under
| its corporate name, the said corporation shall
have power and authority to contract, sue and
be sued; to make and use a corporate sea-, and
the same to break ana alter at pleasure; to
hold, receive, have, purchase, Improve
ALLEVIATE. convey, sell, borrow, pledge, mortgage
and kypothecate under its said corporate
name, property, real and personal and mixed;
and 10 name and appoint such ofhcers,
directors. agents and managers or employees,
to make and establish bylaws, rules and reg
ulations for the proper management and reg
ulation of its affairs as may be deemed neces.
sary and proper to carry out the objects and
purposes OF said corporation, and the same to
reasonably change and alter at pleasure. To
do any and all other acts and things not con-
trary to law, and as shall or may De necessary
and proper to carry out the objects and pur-
poses of this corporation said corporation,
unless sooner dissolved by majority OF the
stockholders, shall have existence Tor period
of ninety nine Css) years, from and after the
date hereof
Suits for this corporation shall be brought IN
in it, name by its president, or in his absence
or inability to act, the first or second vice
president and ell process of citation shall be
served on the president, or in his sbsence, or
inability 10 act, on the hrst or second wee
president either. or in the absence OF these
officers, on the secretary, at the domicile and
office Of the corporation
The officers OF this corporation shall be a
president. first yice-president, second vice.
PRESIDENT secretary and treasurer, but the
secretary and treasurer may be nIied oy one
and the same person; Inc treasurer, II .he
bond in a sum to be determined by the said
board, for the faithful performance OF his
duties. "
said CORPORATION, and shall be elected an
nually by the board OF directors, and shall
serve until his successor is elected. However,
said officers shall be or may De subject 10
removal at any time by the board OF directors,
for good cause shown for such removal
ARTICLE 8.
The objects and purposes for which TINS
CORPORATION is organized and the nature of the
business TO be carried on by it are declared to
be the following:
To buy, purchase or otherwise acquire, oy
deed or Gift will or otherwise, to own, have
and hold, to sell, convey and dispose OF lands,
leases OIL gas, stone, coal, zinc, lead, silver,
copper, coal, platinum, salt, sulphur aud All
other minerals and mineral deposits OF what-
soeyer character or description, by any process
known to law. To own and operate mines,
drills pumps and mining machinery OF every
form and character, pipe nnes. .an nnd eli en
kinds or character OF machinery, LOT the
boring, pumping, refining, piping, tanking,
shipping and marketing OF OIL, ana
and marketing OF any ana All
minerals and mineral deposits. TIC construct,
own aud operate electric and any otner power
plants and to manufacture, buy and sell oil,
gas coal, and all other characters and Kinds
Uf minerals and mineral deposits. TO puy ana
sell oil, coal, gas, salt, sulphur and all other
and to do all other things necessary for the |
and carrying out OF the ABOVE
objects.
The capital stock OF this corporatioe shall be |
City thousand dollars $4,000. o0 TO be divided
into $1,000 shares, of one dollar Gl.0o) each, |
which said shares are to be paid for IN cash or
it, equivalent before the same Is issued, and |
this corporation shall have the privilege OF
BEGINNING operations under this charter when |
twenty i've thousand dollars az. ooo) OF the
capital stock has been subscribed Tor. |
ARTICLE 5. |
The corporate powers of this corporation |
shall be vested in q board of directors, to be |
shall be n shareholder and the majority of
said board of directors shall constitute
4horum.
meetings, the time for which shall be desig- |
mated in the bylaws OF the corporation, and at |
said meeting, shall elect board OF directors, |
declare dividends or losses, and transact any |
other lawful business that may come before |
The said board of directors shall meet
within seven days after the annual meeting |
shall elect a president, first vice. president, |
second vice president, general manager, Sec
rotary and treasurer, and such other efncers
rs trey may deem necessary, to serve for the
TIE first board OF directors, however, are
to be j. ID. Pace, Is. X. Henry, will A.
strong, John Henry Mathews, Geo. T; Eagles,
j. R. Hall, NJ. Pillar and they are hereby given
the power and authority to elect such officers
as they may see lit for the ensuing year.
In all elections of directors each shareholder
stock held BY him, and these votes must be
cast by the stakeholder in person., or by proxy,
authorized in any manner that may De
by the board of directors, under their
general rules and bylaws, and the majority oil
the votes cast shall elect
The board of directors shall make such
by-laws, rules and regulations as may De
necessary for the proper management OF the
business of this corporation, and shall change
the same as they deem best, and shall have the
power to provide for contract debts, borrow
money issue bills OF exchange, executions, or
mortgages and hypothecations, and for doing
all other things necessary and incident TO the
objects and purposes of this corporation, and
shall have authority to vest the President with
such of these powers as they see ut.
ARTICLE 6.
This charter may be changed or amended or
dissolved, by q majority OF the votes of the
at q meeting called by the
board OF directors for that purpose, to dissolve
this corporation, it's affairs shall be liquidated
by the board OF directors, which is hereby
constituted the board of hquidators.
No shareholder shall in any event be held
liable for the contracts or faults of the officers
of this corporation, beyond that OF any unpaid
balance that may be due by him to the cor
poration on shares owned by him.
Shares OF stock may be conveyed, sold and
but the transferee OF said stock
shall not have the privilege OF voting with said
stock until the transfer OF said stock Is made
on the books of the corporation. and any
unpaid balance that may be due thereon paid
to the corporation.
ARrIcLE 8.
The president, or in case OF his inability to
act, either the first vice-president or the
second vsce-president, shall give each share
holder ten days written notice, through the
mails, before the annual meeting of the share
holders, to be determined by the board Of
b. xf