The Caucasian. (Shreveport, La.) 1900-192?, 1907-07-11
CHARTER
OF the Oil City Land and Oh Com
patly.

State Of Louisiana. Parish Of CadIn
Before me. $ l.. Herold, the under
signed authority. a notary public IN au'
for Caddo Parish. Louisiana, at my of
fCc IN the City Of Shreveport. came an,
appeared on the date hereinafter writ
ten. the following: A. &. Pitts. L. K
Lawhon, Frank ]. Looncy. ] A. 1hlg
pen aud /. i. Bell Jr., all residents o
Caddo Parish. Louisiana. and {. l.
Gaines, resident Of Jackson County
Missouri. who declared to me IN tn,
presence Of the attcstlug witnesses that
they desired to form and constitute a
corporation under the laws Of Louis
lana, and that they do hereby form
themselves and their successors a cor
poratlon and constitute same in compli-
ancc with the provisions and subject to
the restrictions Of the laws Of the State
Of Louisiana governing corporations
and under the provisions Of the articles
Of incorporation hereinafter set forth
ARTICLE !.
he name Of this corporation shall be
Ihc Oil City Land and Oh Company
by this name it shall have power and au-
thority to have and enjoy succession for
the period Of ninety nine years; to con
trakJ sue and be sued to make and use
a nr,ir r1 MI t,, Il
ter or amend at pleasure and under this
name to hold, receive, purcase and 9TH
erwlsc acquire. to own. convey, sell, or
otherwise dispose Of to lease, pledge
mortgage OF otherwise hypothccatc
property, real, personal aud mixed.
ARTICLE II.
he domlcIle Of this corporation is de
clared to be the City Of Shreveport, La
ARTICLE III.
The nature of the business to be car
rlcd on and the purposes for which this
corporation is established arc as fol
lows TO buy and sell land and TO hold
same, and develop same for gas aud oil
or other minerals. and to lay all ncces-
sary pipe lines, and do all things in fur
therance Of the objects and purposes of
tins corporation.
ARTICLE ".
he corporate powers of this corpora
tion-sl,all be vested in board of direc
tors composed of five stockholders. The
directors shall elect president, Yice
president and secretary treasurer, and
shall prescribe the duties of each.
Election Of directors shall take place
he first Tuesday Of June in each year
The first board Of directors shall be as
follows: l.. X. Lawhon. J. A. Ihigpen.
Frank J. Looney. A. {. Pitts and {. l.
Gaines, with l.. K. Lawhon, president
J. A. lhigpcn, vice president, and
Frank J. Looney secretary treasurer.
All officers and directors shall serve I'm
ii their successors are elected
Service of all legal process shall be
made on the president, or in his absence
III the secretary at the Office of the com
)any.
Three directors shall constitute a quo
rum to do business.
The board of directors may appoint
such managers, agents or SUBJ officers as
he interests of the corporation may re-
luire, and make and establish such by
avs as may be necessary and proper
'or the management and regulation Of
he affairs Of the corporation. If any
'acancics occur among the officers or
the remaining directors may
select stockholders to fill the same
The board of directors shall have
,ower to borrow and lend money, issue
'Ills of exchange, notes, bonds, drafts |
md other negotiable paper, execute
mortgages and generally to do all things |
Incident to the object and purposes of
his corporation.
ARTICLE V.
The capital stock of this corporation
hall be thirty thousand dollars divided |
iitO olA thouodiu oIdlNS VI iiIC pdl |
'alue of FIVE ($5 oo) dollars each. This
tock shall be paid for i'll cash or its
equivalent at the time of its subscription |
iness other terms are allowed by the |
,oard of directors.
AT least one thousand shares Of the |
,ar value of FIVE ($5 ooooo) thous-
md dollars shall be subscribed and |
,aid for before this corporation |
hall commence business. No stock |
,older shall be liable for more
han the unpaid balance on the stock
subscribed for by him, nor shall any
mere informally in organization have
he effect Of rendering the charter null
or of exposing stockholder to any
liability beyond the amount of his stock |
ARTICLE vi.
The directors shall be elected by bal |
OF at the regular annual meeting called |
or that purpose or any meeting ad |
ourned for same At all stockholders |
meetings each share of stock shall be |