The southern sentinel., 1906-06-15
ACT OF INCORPORATION
OF
OIL WELL RAILWAY
COMPANY

! (OMPANf
! State of Louisiana
Parish OF Winn
Be II remembered: That on this the l2tf
day of June, A. ID. nineteen hundred and six
| 1856. before me, Robert Wade Oglesby,
Notary Public, duly commissioned anu quail
ned, within and for the Parish of Winil, Louis
/ lana, and in the presence OF the undersigned
witnesses of lawful age and domiciie, ap-
peared j. ID. Pace, Is. +. Henry, Viii A
strong, John Henry Mathews, Gecge p
Eagles, j. X. Hall, Nj. Pillar, who declared
] That avaiiing themselves OF the laws of the
1 state OF Louisiana, relative 10 corporations
I they have covenanted and agreed, and by
these presents do covenant and agree ant
| bind themselves, IS well as sucn other persons
| as may hereafter be associated with tnem, C
form and constitute corporation, body
| Iortn, aud under the following stiputations
and provisions, which they accept and con-
sLituse as their charter, to-wit:
| ARTICLE 4.
The name and title oI this corporation shall
| be ..~innfieid Oil Well Railway Company,
| and ils domicile Is hereby nxeu at NInuneid,
Wlun Parish, Louisiana, and under las said
corporate name, said corpoI alton shall have
power TO contract, sue aud De sued. anu a-sIde
| anu use a corporate seal and the same 10 break
| and alter at pieasure; TO hold, receive, nave,
| lm. chase, improve, allenate, convey, borrow,
| piedg-, mortgage and nypoIhecate Under lis
| said corporate name, property, real ant per-
sonaI and mixed; to name and appoIn. such
officers, directors, agents, managers anu en-
| uloyecs, as the iaterSst anu convenience Ct
! the said corporation may require; To make
anu use by-iaws, rules and regulations for the
proper management and regulation of Is af-
liars, as may be deemed necessary and proper,
aud The same TO reasonably change and alter
at pleasure, and 70 do all other acts and
things permitted by Law, or shall or MAY be
necessary and proper 10 carry out the objects
aud purposes OF said corporation.
saId corporation unless sooner dissolved by
a majority yote OF its stockholders, shall ex-
ist and continue tor u pvliod OF Ninety-NIne
W., years, from tile date hereof
ARTICLE AZ.
All legal process shall be served on the pres
ide n oI this corporation, or III his absence on
eitler tue FIRST vice president. second VICE
president. or in their absence On the superln-
Iendrnt, a. the doniicile OF said corporation.
The officers OF THIS corporation s4Iail b.
president, nrst yfce-presideut, secoIIs. vice
president, Il superintendent, a.d ssefetar.
and treasurer, puI the offlce oI secretary ana
treasurer may be nlled by one and the same
person. Inc secretary and treasurer n the
pSaru OF directors shall 80 require, shall give
bond, the amount OF which The SAID boaru
shall de u rmine, which officers shall De stock
holders IN SAID corporation. and shall be elec-
ted annually by the board OF directors, and
snail selsr until tnetr SUCCESSORS eirctrs
however, such officers snail ee subject 10 re-
moyal at the discretion OF said board of Direc-
tors, for good cause shown NJ any time besore
such removal
ATTIC b III.
The objects and purposes tor which this Cor
poration Is organized and the nature of the
business 10 be carried on by Ii are declared
TO be the following. to-wlt:
To construct, own aud operate q railrord
from and through the town of Minnfield, TO
the oil held in winn Parish. and other points;
to buy or otherwise acquire by deed, donation
grant, will, or by any other process snown TO
Jaw real pr personal and mixed property,
buildings. shops, machinery, apparatus, ap-
pllances necessary TO the proper manage ment
aud operation OF said railroad, anu IN any
manner required, ana own such rights and
fr,ancnisrs over streets and highways and pub
lie roads, and to do all other Things necessary
TOR the execution and carrying out OF the con-
sIruction, operation and maintenance OF
railroad.
The capital stock OF this corporation shall be
Fifty Thousand Dollars tSoJ,0v0.uuJ. 10 De d.
yided into % uOo shares OF One Dollar siOOl
each. aud as soon as Twenty uve Thousand
shares are subscribed for this corporation Is
authorized 10 begin business and operations,
which snares shall be paid for in casn or Its
equivalent.
The corporate powers OF this corporation
shall be vested in a Board OF directors, 10 ov
composed of seven persons, ali Of whom must
be shareholders IN this corporation. ana
majority or whom shali constitute y quorum
The shareholders shall hold Regular annual
meetings, the time for which shall be aesis-
mated DIV the by-Iaws OF this corporation, and
meetings shall declare dividends or losses,
ana transact such other business may come
before II AZ their meeting. and al such meet
ing in which the stockholders shall elect
board OF directors, said board shall immedi-
ately elect from their board president nrst
vice president, a second vice president, su-
perintendent, and a secretary and treasurer
and such other officers and agents as they ma.
deem necessary TO serve Tor Inc next ensuing
yeaf.
lne first board of directors shall, however,
be composed OF j. ID. Pace. b. 4. Henry, will
A Strong John Henry Mathews. George p.
Eag.es, j. II. Hall, NJ. Pillar.
In ali elections, each stockhoIder shall oe
entitled to one vote for eacn share OF stock
held by him, and these yo.es must be Cast by
him in person or by proxy, aus.o.ized IN any
manner tEaI may Dc IeQuirvd Dy the board OF
directors, under their q. neral rules and by
laws, and the majority OF the votes cast shall
elect.
TIE board OF directors shall make such n.y.
laws and regulations as may be necessary Tor
the proper management OF the affairs OF this
corporation, and shall amend a1d 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 all osner things IN
cident TO tine objects and purposes OF this cor
poration. and shall have authority TO vest the
president and the superintendent with such oil
these powers as they see hit.
ARTICLE vi.
This charter may be changed. amended or
dissolved by q majority or the stockholders, at
q meeting called Tor that purpose.
should this corporation be dissolved by q
vote of its stockholders, It's affairs shall be
-iiquldated by the board OF directors as q llqui-
dating board,
Shares Of stock can only be transferred or
conveyed by hasing'the transfer recorded on
the books OF the corporation, aud no transfers
OF stock can be made until any unpaid palAn ce
thereon shall have first been paid.
ARTICLE VIII.
The president. or in case OF his inability 10
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 eacn annual meeting
of stockholders, and at any called meeting
three davs, notice shall be given in the same
manner, unless the stockholder Is present and
valves such notice.
Any irregularity or informality in the organ
ration Of this corporation shall not render
this charter null.
This done and passed in the presence OF j
NJ HYDE aud Geo. NJ. wallace, two competent
witnesses, and me, said notary, on this lith
day Of June, A. ID. nineteen hundred and SIX.
Names No. Shares amount.
j. D. Pace---....---. .---.--..---- 5000 2o,0oo
B. Henry per ]. d. Pace 100 iv0
Al. Pillar per J. ID. Pace. loo luJ
Geo. r. Eagles 1ooo IVY IVY
j. Il. Hall lVoO iooo