The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-19
CHARTER
OF THE HOMESTEAD OIL COM
PANI.

State OF Louisiana, Parish OF Caddo
Before me, T. F. Bell Jr, the under
signed authority. a notary public III and
for Caddo Parish. Louisiana. at my OF
fee in the City of Shreveport, La,
came and appeared on the date hereinaf
ter written, the following: Charles w,
Lane, Zach R. Lawhon, Frank J.
Loonev, Mrs. Matte l., Carter, Matthew
Van Lear. Clarence L. Nelson and Will
liam F. Taylor, all to me we'll known,
wo declared to ME III the presence OF
the attesting witnesses, that they desired
to form and constitute corporation
under the laws of Louisiana and that
they do hereby form themselves and
their successors nto corporation and
constitute same II compliance with the
provisions and 5, eject to the restrictions
of the laws of the State of louisiana
governing corporations and under the
provisions of the articles of incorpora
ton hereinafter set forth.
ARTICLE l.
The name of this corporation shall be
THE HOMESTEAD OIL CON-
PANl;' by this name it shall have
power and authority to have and enjoy
succession for the period of ninety-nine
years: to contract. sue and be sued to
make and use corporate seal and the
same to break. alter or amend at pleas
ure; and under this name to hold, re
ceive. purchase and otherwise acquire
to own. convey, sell Or otherwise dispose
Of to lease, pledge, mortgage or other
wise hypothecate. property, real, per
sonal and mixed.
ARTICLE H.
The domicile Of this corporation is de
clared to be the City of Shreveport, La.
ARTICLE III.
The nature of the business to be car
ricd OH and the purpose for which this
corporation is established are as follows:
to develop, oil, gas or other minerals
on any property owned, leased or con
troled by it or others i'll the State of
Louisiana, or elsewhere in the United
States; to drill wells and sell the pro-
duct thereof; to construct, maintain and
operate pipe lines for conveying OIL gas
or other products from such wells to
Shreveport, La, and other points in the
United States, and generally to do any
and all things necessary to be done in
frrtherancc of such objects and pur-
poses.
ARTICLE ".
The corporate powers Of this corpora
ton shall be vested in a board of direc-
tors composed of three stockholders.
The directors shall elect president, vice
president and secretary-treasurer, and
shall prescribe the duties OF each.
Elections of directors shall take place
the second Monday of September of each
year.
The first board of directors shall be
as follows: c. w. Lane, F. ]. Looney
and T. r. Lawhon: with c. W. Lane as
president; F. J Looney, vice president,
and T. r. Lawhon secretary treasurer.
All officers and directors shall serve un-
till their successors are elected. Service
of all legal process shall be made on the
president, or, in his absence, on the sec
|retary-treasurer, at the office of the COM
pany.
The board of directors shall appoint
such managers, agents or sub-oftlcers as
the interests of the corporation may re-
quire, and make and establish such by
laws as may be necessary and proper for
the management and regulation of the
affairs of the corporation. If any va
cancies occur among the officers or di-
rectors, the remaining directors may
select stockholders to fill the same The
board of directors shall have power tc
borrow and lend money; to issue bills
of exchange, notes, bonds, drafts ant
other negotiable paper execute mort
cages and generally to do all things in
cident to the object and purposes Of this
corporation.
ARTIVLE Y.
The capital stock of this corporatiol
shall be thirty thousand dollars, divided
into three hundred shares of the pal
value of one hundred dollars each. ! hi:
stock shall be paid for i'll cash or it:
equivalent at the time of its subscription
| At least one hundred shares of th'
par value of ten thousand dollars shall
be subscribed and paid for before th,:
corporation shall commence business
No stockholder shall be liable for mor'
than the unpaid balance on the stool
subscribed for by him, nor shall an.
mere informality in organization hav
he effect of rendering this charter nul
| or ~ exnOsinp a stakeholder to any liza