The southern sentinel. (Winnfield, La.) 1883-1910, 1906-06-22
ACT OF INCORPORATION
OF
WINFIELD OIL WELL RAILWAY
COMPANY

State of Louisians
| Parish OF VIM
Be il remembered: That, on this the l2t
day of june, A. ID. nineteen hundred and sia
lsO6l. before me, Robert WADE Oglesby,
Notary Public, duly commissioned and quail
ned, within and for the Parish OF VIM, Louis
lana, and In the presence OF the undersigne,
witnesses of lawful age and domiciie, ap
| peared j. ID. Pace, Is. +. Henry, VIII 4
| strong, John Henry Mathews, Gecge 4
Eagles, j. *. Hail, NJ. Pillar. who declared
That awaiting themselves OF tae laws TIL
State of Louisiana, relative ~ corporations
they have coyenAnted and agreed, and b.
these presents do covenant aAd agree AM
bad themselves, Is well as such other person
| rs may hereafter be ass -ciatea with ;asnI, I,
| form ana constitute "a corporation, bod
polite IN law, Tor the purposes hereinafter Sc
| Iorth, ana under Inc following stipulation
and provisions, which they accept a8d con
| stltuse as thsir charter, to-wit:
/ ARTICLE l..
The name and title 81 TINS corporation shaI
| be- .'Minnfie.d Oil Well Railway Company
| aud It's doniciie Is hereby nSed at niaELeid
| Nlna Parish, Louis ana under is sAit
| corporate maine, said corporation SHAH nav,
power 10 contract, sue anu be sued, anu /. .ld,
ANA use a corporate seal and the SAME To- oreal
and sieer ~ pleasure: to hold, receive have
purchase, improve, aiienate, convey, b5sTow
| pledge. mortgage anu hypotheeate uaasr IL
| s,.iG COZ porate name, property, real act. per.
/ sonai and mixed TO EiiIne and appoih~ such
officers, directors, agents, niVni.sers All enI-
| piUyees, - the Interest and convenience G.
the SAID corporation may require: 10 make
anu use by-iaws, rules and regulations for tn.
proper management ami regulation vi lis af-
| iilis, IS may be deemed necessary and proper,
ANA the same 10 reasonably Change ana aitei
at pleasure, and 10 DO all other ACTS anu
things permitted by Law, or sn All may be
necessary and proper TO carry out the objects
and purposes OF saIu corporation.
sand corporation unless sooner dissolved BY
a majority vo.e OF It's stockholders, shall OK
lst aud continue Tor a period et NineIy-A Nine
Us, years, from the date hereof.
ARTICLE Al.
All legal process shall be served On The pres
ideat OF this corporation, or IN his absence Oh
either the nrsI vice president. second vice
president, or IN their absence Ca the su9srin-
leuaent, Ut the uoniciie vi said corporation
Inc officers OF TINS corporation shall be
president, hrst ce-presiaeut, secohs vice-
president, a superintendent, and secretary
and treasurer, out the oIilce OF secretary ana
treasurer may be filled oy one aid TIE sane
person. The secretary and treasure II tbs
DOarc of directors SHAH so require, stall gIys
shall dslermine, which officers shall be stock
holders IL said corporation and shall DC elee-
ted annually oy the board "a dIrectors, al a
snaiI se4ye until the,f saccs sSoEs aFc Siec;e,s,
however, such officers shall be subject 10 re-
moyal at the discretion OF said board of Direc-
tors, for good cause shown 1T any time before
such removal.
ARTICLE III.
The objects and purposes Tor which this Cor
poration Is organized and the nature OF the
business to be carried on by II are declared
to be the following, to-wlt:
TO construct, own and operate railrord
from and through the town OF NInnneld, to
The oil neld in winn Parish, and other points;
to buy OF otherwise acquire by decd, donation.
grant. will, or by any other process known a.
law real or personal and mixed properly,
shops, machinery, apparatus, up
plianees necessary to The proper management
and operation OF said railroad, any
manner required, anu own such rights anu
franchises over streets ana highways and pub
lie roaus, and to do ali other Things Necessary
lsas- xss fnn MT H.
operation ana maintenance OF 4
railroad.
ARTICLE Nv.
The capital STOCK OF this corporation stall be
Fifty Thousand Dollars lSJO, OuJ.OUI. to be d.
rided into $1,000 shares OF Une Dollar isl.UUl
each, aud as soon as Twenty five Thousand
shares are subscribed for this corporation IL
authorized 10 begin business and operations,
which shares shall be paid tor IN cash or ITS
equivalent.
ARTICLE V.
The corporate powers OF this corporation
shall be vested in Board OF Directors, TO be
OF seven persons, all OF whonl must
be shareholders in this corporation, and
OF whom shall constitute 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 iosses,
and transact such other business may come
before IL NJ their meeting, and At such meet
ing, in which the stockholders shall elect
board OF directors, said board shall immedi-
vice president q second vice president, u SUI
and q secretary and treasurer
and such other officers aud agents as they may
deem necessary TO serve Tor the next ensuing
year.
The first board of directors shall, however.
be composed of j. ID. Pace. b. L. Henry, will
A Strong, John Henry Mathews, George p
Eagies, }. X. Hall, NJ Pillar
In all elections, each stakeholder shall be
to one vote tor each share OF stock
held by him, and these votes must be cast BY
manner that may DC feqal-e d ~ 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
laws and regulations Is may Dc necessary Tor
the proper management of the affairs OF this
corporation, and shall amend AID change The
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 ali otner things in
cident To the objects and purposes OF this cer-
poration, and shall have authority TO vest the
president and the superintendent with such OF
these powers as they see mt.
ARTICLE vi.
This charter may be changed. amended or
dissolved by a majority OF the stockholders, at
a meeting called Tor that purpose.
Should this corporation De dissolved by
vote of its stockholders, its affairs shall DC
liquIdated by the board OF directors as liqui-
dating board,
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 stocs can be made until any unpaid os1Ln &C
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
md 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
.hree days notice shall be given in the same
manner, unless the stakeholder is present and
valves SUCH notice.
Any irreguIarity or informality in the organ
zatien of this corporation shall not render
his charter null.
This dome and passed in the presence of J.
w. Hyde aud Geo. NJ wallace, Two competent
and me, said notary, on this 18th
lay of June, A. ID. nineteen hundred ana PIX.
Names No. shares amount. |
T. D. Pace ..-- .-.....--.-.- 1G000 25,uOo
B. henry per J. ID. Pace 100 iot
N pillar pt.r J. ID. Pace 100 To- /
leo p. Eaeles ~ 1900 1000 |
i. RI Hall . IBOJ 1905 |