The southern sentinel. (Winnfield, La.) 1883-1910, 1906-07-20
ACT OF INCORPORATION
OF
WINFIELD OIL WELL RAILWAY
COMPANY
State of Louisiana,
Parish of winu.

AON1fAI<f
State of Louisiana,
Parish Of Winn.
Be il remembered: That, ON this the 18th
day of June, A. d. nineteen hundred and six,
u9O6), before me, Robert Wade Oglesby, q
Notary Public, duly commissioned and quail
fed, within and for the Parish OF Winn, Louis
lana, and in the presence of the undersigned
witnesses of lawful age and domicils, ap-
peared J. D. Pace, b. F. Henry, Will A.
Eagles, ]. r. Hall, NJ. Pillar, who declared:
That awaiting themselves of the laws OF the
State of Louisiana, relative to corporations,
these hs presents do covenant and agree and
bind themselves, as well as such other persons
as may hereafter be associated with them, to
polite in law, for the purposes. hereinafter set
forth, and under the following stipulations
and provisions, which they accept and con-
stirute as their charter, to-wit:
ARTIcLEI.
The name and title of this corporation shall
be ''Winnfieid Oil Well Railway Company,
and its domicile is hereby fixed at WINFIELD,
winn Parish, Louisiana, and under its said
corporate name, said corporation shall have
power to contract, sue and be sued, and made
and alter at pleasure: to hold, receive, have,
purchase, improve, ALLEVIATE, convey, borrow,
pledge, mortgage and hypothecate under Its
| said corporate name, property, real and per-
sonal and mixed; to name and appoint such
officers, directors, agents, managers and EN-
pIoyees, rs :ke interest and convenience Of
|
and use bylaws, rules and regulations for the
proper management and regulation OF its at
| fairs, as may be deemed necessary and proper,
| and the same to reasonably change and alter
at 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
| (s9, years, from the date hereof.
| ARTICLE II.
| All legal process shall be served on the pres
| iden ut oil this corporation, or in his absence on
| either the first vice president. second vice.
| president, or in their absence on the superln-
tendent, at the domiciie of said corporation
The officers Z. this corporation shall be
| president, first vice. presldeut, second VIZ
| president, a superintendent, and secretary
| and treasurer, but the office OF secretary ant.
| treasurer may be filled by one and the same
| person. The secretary and treasurer II the
| board of directors shall so require, shall give
| bond, the amount OF which the sid board
| shall determine, which officers shaii &c stocA-
| holders in said corporation and shall DC eiec-
| ted annually by the board of directors, and
| shall serve until their successors are elected,
however, such officers shall be subject 70 re-
moyal at the discretion OF said board OF DiTec<
tors, for good cause shown at any ti...e be.o.e
such removal.
| ARTICLE III.
| The objects and purposes for which this COR
| poration is organized and the nature of the
| business to be carried on by il are declared
| to be the following, to-wit:
/
| from and through the town OF hinnieid, to
| the oil field in winn Parish, and ot"er points;
| to buy or otherwise acquire by deeu, donation
grant, will, or by any other process known 10
| law real or personal and mixed property,
| buildings, shops, machinery. APPARATUS, APP
| pliances necessary to the proper management
| and operation of said railroad, and IN any
manner required, and own such rights anu
| franchises over streets and highways and pub
/ lie roads, and to do all other things necessary
| for the execution and carrying out OF the CON
l CT rnc a
railroad.
| ARTIcLEIv.
| The capital stock of this corporation shall be
Fifty Thousand Dollars (S50, 100000. to be d.
vided into $1,000 shares of One Dollar (sl.0U
each aud as soon as Twenty five Thousand
shares are subscribed for this corporation Is
authorized to begin business and operations,
which shares shall be paid for in cash or its
equivalent.
The corporate powers of this corporation
| shall be vested in Board OF Directors, to be
composed of seven persons, all OF whom must
be shareholders in this corporation, and
majority OF whom shall constitute q quorum.
The shareholders shall hold regular annual
meetings, the time for which shall be desig-
mated by the y-laws of this corporation, and
| meetings shall declare dividends or losses,
and transact such other business may come
before il at their meeting, and at such meet
| ing in which the stockholders shall elect
/ board OF directors, said board shall immedi-
ately elect from their board president, q first
vice president, a second vice president, SUI
1 u,
| and such other officers and agents as they may
deem necessary to serve for the next ensuing
year.
The first board of directors shall, however,
| be composed OF j. ID. Pace. b. +. Henry, will
| Strong, John Henry Mathews, George p.
Eagles, J. X. Hall, NJ. 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
| him in person or by proxy, authorized in any
manner that may be required by the board OF
directors, under their general rules and by
laws, and the majority of the votes cast shall
elect.
TEe;board of directors shall make such by
laws and regulations as may be necessary for
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 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
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 q majority OF the stockholders, at
q meeting called Tor that purpose.
should this corporation be dissolved by q
vote of its stockholders, Its affairs shall be
liquidaled by the board of directors as liqui-
dating board,
Shares of stock can only be transferred or
conveyed by having the transfer recorded on
the books OF the corporation, and no transfers
OF stock can be made until any unpaid balance
thereon snail have first been paid.
ARTICLE 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 done and passed in the presence of J.
NJ. Hyde and Geo. NJ. wallace, two competent
witnesses, and me, said notary, on this l1th
day OF June, A. ID. nineteen hundred and six.
Names No. Shares Amount.
J. o. Pace .......... ..........--. 5000 d, 900
B. Henry per ]. ID. Pace 100 lU0
NJ. Pillar per j. ID. Pace. 100 100
Geo. p. Eagles----..-.--..--..-..------ 1000 lO00
j. X. Hall 1000 1000
will A. Strong -.--..-.-..--....-....- 100 100
John Henry Mathews 500 500
W. NJ. wallace loo iVo