The southern sentinel. (Winnfield, La.) 1883-1910, 1906-06-22
CHARTER
THE PACE OIL COMPANY, LIMITED
STATE or LOUISIANA,


Parish of vim. /
Be it remembered: That on this the 18th day
| OF June, A. ID. 1906. before me, Robert wade
Ogltshy, Notary Public duly commissioned
and qualified in and for the parish OF winn
Hereinafter named and undersigned, personally
| and by proxy appeared j. ID. Pace, B. Z Henry
will A. Strong. John Henry Mathews. Geo. P
Eagles, j. L. Hall, NJ. Pillar. who declared
| That, ayailiDg themselves of the laws OF the
State of Louisiana, relative to corporations
they have coyenanted and agreee. and by
these presents do covenant and agree and
bind themselves, as well rs such other persons
as may hereafter become associated with them
to form and constitute corporation, a body
polite in law, Tor the purposes and obj Acts and
under the stipulations aud provisions herein
after set forth, which they hereby accept as
their charter to-wit:
Article 1.
The name and title OF said corporation shall
be The Pace Oil Company, Limited and its
| domicile Is hereby fixed and established al
winfield, vim parish, Louisiana, and under
have power and authority to contract, sue and
| be sued; 10 make and use corporate seal, and
the same u break nand alter at pleasure; to
hold, receive, have, purchase, Improve,
ALLEVIATE, convey, sell, borrow, pledge, mortgage
and hypothecate under its said corporate
name, property, real and personal aud mixed !;
and to name and appoint such officers.
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
4 purposes of said corporation, and the same to
| reasonably change and alter at pleasure. To
do any and all other acts and things net con-
| trary to law, and as shall or may be necessary
/ and proper to carry out the objects and pur-
poses of this corporation. Said corporation,
| unless sooner dissolved by a majority OF the
| stockholders, shall have existence Tor period
of ninety 1872 years, from and alter 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 hrst or second vice
| president, and all process OF citation shall be
served on the president, or IN MS absence, or
inability to act the first or second vice
president, either. or in the absence o. these
officers on the secretary, at the domieile anu
office of the corporations.
The officers OF this corporation shall be a
president, first vice-president, second vice.
president, secretary and treasurer, but the
secretary and treasurer may be nlied by one
and the same person. The treasurer, II the
board of directors shall so require, snail give
bond in a sum TO be determined oy the said
board, for the faithful performance OF his
duties.
said corporation, and shall be elected an
nuaily by the board of directors, and shall
serve until his successor is elected. However,
said officers shall be or may be subject 10
removal Mt any time by the board OF directors,
for good cause shown for such removal
ARTICLE 8.
The objects and purposes Tor which this |
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, by /
deed or gift, will or otherwise, to own, have |
anc hold, TO sell, convey and dispose ol lands. /
leases, oil, gas, stone, coal, zinc, LEAD, SILVER
copper, coal, platinum, salt, sulphur aud ali /
other minerals and mineral deposits OF what
soever 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 lines, tanks, ell
eyators and refineries, in short any and all
kinds or character of machinery, fsr the
boring, pumping, refining. piping, tanking,
barreIing, shipping and marketing of oil, anu
all other kinds of machinery for the mining,
manufacturing and marketing OF any and ali
minerals and mineral deposits To construct,
own aud operate electric and any other power
plants, and to manufacture, nny ana sell oil, |
gas, coal, and all other characters and kinds
OF minerals and mineral deposits 10 buy and
sell oil. coal, gas, salt, sulphur and all other
kinds and character of mineral bearing lands.
and to do all other things necessary Tor the
execution and carrying out OF the above
objects.
The capital stock of this corporatioe shall be
fifty Thousand dollars ts5o.oo0.oo) TO be divided
into $1,000 shares, of one dollar Isl LOO each,
which said shares are to be paid for in cash or
its equivalent, before the same is issued, ana
this corporation shall have the privilege OF
beginning operations under this charter when
twenty-five thousand dollars (s25, 00o.o0l of the
capital stock has been subscribed for.
The corporate mowers Of this corporation
shall be vested in board OF directors, to be
composed of seven persons, each OF whom
shall be q shareholder, and the majority OF
said board of directors shall constitute q
quorum.
The shareholders shall hold regular annual
meetings, tie time for which shall be desig-
mated in the bylaws of the corporation, and ut
said meeting. shall elect a board OF directors,
declare dividends or losses, and transact any
other lawful business that iaay come before
their meeting.
The said board OF directors shall meet
within seven days after the annual meeting
of the shareholders, and at such meeting
shall elect q president, nrst vice president, |
second vice. president, general manager, sec
rotary and treasurer, and such other officers
as Trey may deem necessary, 10 serve for the
ensuing year.
The rirst board of directors, however, are
declared to be J. ID. Pace, is. Il. Henry. will A.
Strong, John Henry Mathews, Geo. r. Eagles,
j. r. Hall, NJ. Pillar and they are hereby gwen
the power and authority to elect such officers
as they may nit for the ensuing year.
In all elections of directors each shareholder
shall be entitled to one vote for every share oil
stock held by him, and these votes must be
cast by the stockholder in person, or by proxy,
authorized in any manner that may DC
required by the board of directors, under their
general rules and bylaws, and the majority OF
the votes cast snail elect.
The board OF directors shall make such
bylaws, rules and regulations as may be
for the proper management OF the
business of this corporation, and shall change
the same they deem best, and shall have the
power to provide for, contract debts. borrow f
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 MT.
ARTICLE 6.
This charter may be changed or amended or
dissolved, by majority OF the votes of the
at a meeting called by the
board of directors for that purpose, 10 dissolve
this corporation, its affairs shall be liquidated
BY the board OF directors, which is hereby
constituted the board of liquidators.
ARTICLE Z.
No shareholder shall in any event be held
liable for the contracts faults of the officers
OF this corporation, beyond that of any unpaid
balance that may be due by him to the cor
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 or said stock is made
on the books of the corporation, and any
unpaid balance that may be due thereon paid
TO the corporation.
ARTICLE 8.
The president, or in case OF his inability to
act, either the first vice-president or the
second v'ce-prt sident. 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
directors and nj any call me citing OF the share