The southern sentinel. (Winnfield, La.) 1883-1910, 1906-07-06
ACT OF INCORPORATION
OF
WINFIELD OIL WELL RAILWAY
COMPANY

/
State of Louisiana
Parish OF VIM
Be il remembered: That, on this the l2tf
day of June, A ID. nineteen hundred and six
1896. before me, Robert Wade Oglesby, {
Notary Public, duly commissioned and quail
lied, within and for the Parish of Winn, Louis.
lana, and in the presence of the undersigned
witnesses of lawful age and domicile, APP
Strong, John Henry Mathews, Gerge r
Eagles, J. X. Hall, NJ. Pillar, who declared
That awaiting themselves OF the laws of the
State of Louisiana. relative to corporations
they have covenanted and agreed, and by
tnese presents do covenant and agree and
bind themselves, as well as such other persons
US may hereafter be ass ciated with them, &c
form aud constitute corporation, body
polite in law, for the purposes hereinafter sci
forth, and under tbs following stipuialions
and provisions, which they accept and con.
stitute as their charter to-wit:
ARTICLE 1.
The name and title oI this corporation shall
be '.Ninnfieid Oil Well Railway Company
and las doInicile Is hereby liked at NlnnneId
Vim Parish, Louisiana, and under Its said
corporate name, said corporation shall have
power TO contract, sue and be sued, and made
and use "a corporate seal and the same TO break
and after AT pieasure, to mold, receive, have
purchase, improve, ALLEVIATE, convey, borrow
pledge. mortgage aud hypothecate under its
said corporate name, property, real and per-
sonal and mixed; To name and appoint such
officers, directors, agents, managers aad EN-
ployees, as the Interest and cow. nitnee c1
the said corporation nay require; to make
and use bylaws, rules and regulations foE the
proper management anu regulation of It's AT
rairs as may be deemed necessary and proper,
ana the same to reasonably change and alter
ut pleasure, and to do all other acts and
things permitted by law, or shall or may be
necessary and proper to carry out the objects
and purposes of said corporation.
Said corporation unless sooner dissolved by
a majority vote of its stockholders. shall ex
list and continue for period OF Ninety-Nine
We years, from the date hereof.
ARTICLE u.
All legal process shall be served on the pres
ideat oil this corporation, or IN his absence on
either the first vice president. second vice.
president, or in their absence ON the .supe rim
iendent, at the do.nicile OF sand corpoi alton
The officers of this corporation shall be
president, nrst yice-presiueuI, second Vice
president, u superintendent, and secretary
and treasurer, out the office OF secretary and
treasurer may be filled by one and the same
person. The secretary and treasurer II the
noarc of directors shall SO require, snail give
bond, the amount OF which the aid board
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 erected,
however, such officers shall be subject 10 re-
moyal ut the discretion OF said board of D1rec-
tors, tor good cause shown nj any time oe.ore
such removal.
ARTICLE III.
The objects and purposes tor which this COR
poration Is organized and the nature of the
to be the following. to-wit:
To construct, own and operate railrord
from and through the town of Winnneid, to
the oil field in winn Parish, and other points;
10 buy or otherwise acquire by deed, donation
grant, will, or by any other process known 10
law real or personal and mixed property,
buildings. shops, machinery, apparatus, APP
piiances necessary to the proper management
and operation of said railroad, and an any
manner required, and own such rights and
franchises over streets and highways and pub
u a. ill 9TH EnrV arxr
Tor the execution and carrying out OF the con-
siructicn, operation and maintenance OF
railroad.
The capital stock of this corporation shall be
Fifty Thousand Dollars ESQ ,0Oo.00l. to be d.
Fided into d. 100 shares OF One Dollar tlUOl
Zach, and as soon as twenty nve Thousand
shares are subscribed Tor this corporation is
authorized TO begin business aud operations,
which shares shall be paid tor IN cash or its
equivalent.
The corporate powers Of this corporation
hall be vested in y Board OF Directors. 70 be
OF seven persons, all VI whom must
be shareholders in this corporation, and
majority OF whom shall constitute a quorum.
The shareholders shall hold regular annual
meetings, the time for which snail be desIg-
mated by the bylaws OF this corporation, and
meetings shall declare dividends or losses,
md transact such other business may come
before il at their meeting, and at sucn meet
ng in which the stockholders shall elect
BOARD OF directors, said board shall 1mnedi-
stely elect from their board president, nrst
ice president, q second vice president, SUI
and o secretary and treasurer
md such other officers and agents rs tney may
ieem necessary to serve for the next ensuing
rear.
The first board of directors shall, however,
De composed of J. ID. Pace. b. 4. Henry, will
L Strong, John Henry Mathews, George p.
sagies j. r. Hall, n. Pillar.
In ali elections, each stakeholder shall be
entitled to one vote for each share OF stock
held by him, and these votes must be Cast by
lim in person or by proxy, au,no. ned In any
manner that may be required by the board of
directors, under their general rules and by
avs. and the majority OF the votes cast shall
elect.
Tie board OF directors shall make such by
avs and regulations as may be necessary for
lie proper management of the affairs OF this
corporation, and shall amend AID change the
same as they deem best, and shall have power
&c provide for, contract debts, borrow money,
issue bonds. drafts, notes. acceptances, exc
cute mortgages, and to do all other things in
cident to the objects and purposes of this cor
poratien, and shall have authority to vest the
president and the superintendent with such oil
these powers as they see ft.
ARTICLE vi.
This charter may be changed. amended or
by . majority OF the stockholders, at
4 meeting called tor that purpose.
should this corporation be dissolved by .
vote of its stockholders, its affairs shall be
liquidated by the board Of directors as liqui-
Dodtd,
ARTICLE VII.
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.
ARTIcLR 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
shareholder ten days notice in writing
through the mail before each annual meeting
of stockholders, and at any called meeting
three days notice shall be given in the same
manner, unless the stakeholder Is present and
valves such notice.
Any irregularity or informality in the organ
ization of this corporation shall not render
this charter null.
This dome and passed in the presence Of J.
NJ Hyde aud Geo. NJ. wallace, two competent
witnesses, and me, said notary, on this llth
day of June, A. ID. nineteen hundred and six.
Names No. Shares Amount.
II. .5-.-- - e-
H. Henry per j. ID. Pace 100 100
NJ. Pillar per ]. ID. Pace. 100 100
Geo. P. Eagles 1000 100
j. X. Hall lU0 iVO
A. Strong