The southern sentinel. (Winnfield, La.) 1883-1910, 1906-07-13
CHARTER
OF
THE PACE OIL COMPANY, LIMITED

CHARTER
THE PACE OIL COMPANY, LIMITED
STATE OF LOUISIANA,
Parish of vim. !
Be it remembered: That on this the 18th day
of June, A. D. 1906. before me, Robert wade
Ogleshy, a Notary Public duly commissioned
and qualified in and for the parish of vim,
Louisia~a, aud in the presence the witnesses
hereinafter named and undersigned, personally
and by proxy appeared ]. ID. Pace, B. F. Henry,
will A. Strong, John Henry Mathews, Geo. p.
Eagles, j. R. 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
these presents do covenant and agree and
bind themselves, as well as such other persons
as may hereafter become associated with them,
to form and constitute a corporation, body
polite in law, Tor the purposes and objects and
under the stipnlations and 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 at
/
| its corporate name, the said corporation shall
have power and authority to contract, sue and
/ be sued; to make and use a corporate seal, and
the same to break and alter at pleasure; to
| hold receive, have, purchase, Improve,
ALLEVIATE, convey, sell, borrow. pledge, mortgage
and kypothecate under its said corporate
name, property, real andspersonal and 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
4 Sc ffasr may he hap nHr Sc
| sarv and proper TO carry out the objects ana
| purposes OF said corporation, and the same to
/ reasonably change and alter at pleasure 10
| do any and all other acts and things not 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,
l unless sooner dissolved by majority OF the
| stockholders, shall have existence for a period
of ninety-nine (es1 years, from and after the
date hereof.
i SHIFTS for this corporation shall be brought In
i in it, name by its president. or in his absence
or inability TO act, the first or second vice
4 uresident and all process of citation shall be-
! served on the president, or in his absence, OF
inability to act, on the first or second vice
/ PRESIDENT either. or in the absence OF these
officers, on the secretary, al the uonnciie aho
office Of the corporation.
The officers OF this corporation shall be
president first vice-president, second vice
president. secretary and treasurer, put tns
secretary and treasurer may be filled by one
and the same person. The treasurer, IT ths
board of directors shall so require, shall give
bond in a sum to De determined oy the saie
board, for the faithful performance OF hi;
duties.
Eacn officer shall be shareholder in tbs
said corporation, and shaH De elected an
nually by the board of directors, and shat
| serve until his successor is elected. However
said officers shall be may be subject u
removal at any time by the board OF directors
for good cause shown for snch removal.
i ARTICLE j.
The objects and purposes for which I'M:
corporation is organized and the nature OF TN
| business to be carried on by 1t are declared X
be the following:
To buy, purchase or otherwise acquire, BY
deed or gift, will otherwise, to own, have
leases, oil, gas, stone, coal, zinc, lead, silver
copper, coal, platinum, salt, sulphur aud al
other minerals and mineral deposits OF what
soever character or description, oy any process
known to law To own and operate mines
drills pumps and mining machinery OF ever,
form and character, pipe lines, tanks, e!.
eyators and refineries, in short any ana al
kinds or character of machinery, for the
boring, pumping, refining. piping, tanking
barreling, shipping and marketing OF OIL anc
all other kinds of machinery Tor the mining
manufacturing and marketing of any and al
minerals and mineral deposits, TO construct
own aud operate electric and any other powsl
plants, and to manufacture, buy and sell OH
| gas, coal, and all other characters and kinui
of minerals and mineral deposits. To buy ant
sell oil, coal, gas, salt. sulphur and all othe
kinds and character OF mineral bearing lands
execution and carrying out of the aoov'
objects.
The capital stock of this corpogatloe shall ID
fifty thousand dollars ESQ ooou0l 70 be divided
into $1,000 shares, of one dollar (sl00l each
which said shares are to be paid for IN cash O
this corporation shall have the privilege o
beginning operations under this charter wher
twenty five thousand dollars ls25,0o0.O0l OF tnt
capital stock has been subscribed for
4 q.
The corporate powers of this corporation
shall be vested in q board of directors, TO b.
shall be a shareholder, and the majority o
said board of directors shall constitute
quorum.
meetings, the time for which shall be desig
mated in the bylaws of the corporation, and a
said meeting, shall elect board OF directors
declare dividends or losses, and transact AN,
other lawful business that may come befor,
The said board of directors shall NEE
within seven days after the annual meeting
of the shareholders. and at such meeting
shall elect q president. first vice. president
second vice-president, general manager, sec
rotary and treasurer, and such other ofncer'
as trey may deem necessary, to serve Tor th'
The first board of directors, however, ar,
declared to be j. ID. Pace, b. L. Henry, will A
strong John Henry Mathews, Geo. +. Eagles
j. r. Hall, NJ. Pillar and they are hereby giveI
the power and authority to elect such officer
as they may see tit for the ensuing year.
In all elections of directors eacn shareholde
shall be entitled to one vote for every share o
stock held by him, aud these votes must b.
cast by the stakeholder IN person, or by proxy
authorized in any manner that may o.
| required by the board OF directors, under thei
Il general rules and bylaws, and the majority o
the votes cast shall elect
The board OF directors shall make such
bylaws, rules and regulations as may b.
necessary for the proper management OF the
business OF this corporation, and shall chang,
the same as they deem best, and shall have tn.
| power to provide for, contract debts, borrow
money, issue bills of exchange, executions, o.
mortgages and hypothecations, and for doing
all other things necessary and incident TO tn,
objects and purposes of this corporation, ant
| shall have authority to vest the President witt
such OF these powers as they see MT.
| ARTICLE 6.
This charter may be changed or amended o.
dissolved, by majority of the votes OF tbs
shareholders, ut q meeting called by tins
board OF directors for that purpose, to dissolve
this corporation, its affairs shall be hquidatee
BY the board of directors, which is hereb.
constituted the board of Iquidators.
Article z.
| No shareholder shall in any event be held
liable for the contracts faults of the officer:
OF this corporation, beyond that of any unpaid
balance that may be due by him to the cor
| rcraffrn n, nar pS ned n him