The southern sentinel. (Winnfield, La.) 1883-1910, 1906-07-13
ACT OF INCORPORATION
OF
WINFIELD OIL WELL RAILWAY
COMPANY

NOIHFAiyf
State OF louisiana
Parish of VIM. |
Be it remembered: That, on this the 18th |.
day of June, A. ID. nineteen hundred and six,
Q9O6) before me, Robert Wade Oglesby,
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 domicile, APP
peared j. d. Pace, b. Z. Henry, Will A.
Eagles, j. r. Hall, NJ. Pillar. who declared:
That availing 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 be associated with them, to
form and constitute corporation, body
polite in law, for the purposes hereinafter set
forth, and under the following stipulations
and provisions, which they accept and con-
stitute as their charter to-wit:
ARTICLE L.
The name and title OF this corporation shall
be .'winnfield Oil Well Railway Company"
and its domicile is hereby fixed at Winnneld,
corporate name, said corporation shall have
power to contract, sue and be sued, and made
and use a corporate seal and the same to break
and alter at pieasure; TO mold, receive, nave,
purchase improve, ALLEVIATE, convey, borrow,
pledge, mortgage aud hypothecate under its
said corporate name, property, real and per-
sonal and mixed; to name and appoint such
officers directors, agents, managers and EN-
ployees, as the interest and convenience CT
the said corporation may require; to make
and use bylaws, rules and regulations Tor the
proper management and regulation OF its al
fairs, 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
ts9, years. from the date hereof
ARTICLE II.
All legal process shall be served on the pres
ide Mt OF this corporation, or in his absence on
either the first vice. president. second vice
president. or in their absence on the superin-
tendent, at the domicile of said corporation.
The officers of this corporation shall be
president, first ce-presideut, second vie
president, q superintendent, and secretary
and treasurer, but the office of secretary and
treasurer may be filled by one and the same
person. The secretary aud treasurer If the
board of directors shall so require, shall give
bond, the amount oil wnicn inc s1ia ooaru
holders in said corporation and shall be cleo
ted annually by the board OF directors, and
shall serve until their successors are elected,
however such officers shall be subject to re-
moyal at the discretion of said board OF Dlrec-
tors for good cause shown al any time before
such removal.
The objects and purposes for which this COR
poration is organized and the nature OF the
business to be carried on by 1t are declared
To construct, own and operate a srailrord
from and through the town of Winaheld, to
the oil field in winn Parish, and other points,
to buy or otherwise acquire by deed, donation
grant will, or by any other process known TO
law real or personal and mixed properly,
buildings, shops, machinery, apparatus, APP
plsnces Necessary 70 tne proper na s. anx
manner required, and own such rights and
franchises over streets and highways and pub
lie roads, and to do all other things necessary
- fk,.... ion N a l.
srruction, operation and maintenance OF a
railroad.
The capital stock of this corporation shall be
Fifty Thousand Dollars (S50, ooo.0UJ. to be di-
rided into 50, 900 shares OF One Dollar lSl.0y
each, aud rs 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.
ARTICLE v.
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 quorum.
The shareholders shall hold regular annual
meetings, the time for which shall be desig-
mated by the bylaws OF this corporation, and
meetings shall declare dividends or losses,
and transact such other business may come
before it at their meeting, and At such meet
ing, in which the stockholders shall elect q
board of directors said board shall immedi-
ately elect from their board president, first
vice president, second vice president, SUI
perintendent, and q secretary and treasurer
and such other officers and agents as they may
deem necessary TO serve Tor the next ensuing
year.
be composed of j. ID. Pace. b. X. Henry, will
Strong, John Henry Mathews, George p.
Eagles, j. II. 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.
Thesboard 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 ard change the
same rs 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 fit.
ARTICLE VI.
This charter may be changed, amended or
dissolved by q majority OF the stockholders, at
meeting called tor that purpose.
should this corporation be dissolved by q
vote of its stockholders, its affairs shall be
liquidated by the board of directors as q 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 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
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.
II. Hyde and Geo. II. wallace, two competent
witnesses, and me, said notary, on this nth
day of June, A. ID. nineteen hundred and six.
Names No. Shares Amount.
j. D. Pace....-.-....... .--.--... 5000 Is 900
B. henry per ]. d. Pace 100 100
NJ. Pillar per J. d. Pace - 100 leo
Geo. r. Eagies-----.-.-..-.----.------- lUU lVo
J. n Hail -.--------------.---- l0o0 iVu
John Henry Mathews ---.----. 500 500
W. M. wallace lVO luu
witnesses.