The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-19
CHARTER
OF BALLARD ISLAND OIL AND
GAS COMPANY.


day OF January 1907, before me, Frank
J. Looney, Notary Public in and for
the said Parish and State, duly commits
stoned and sworn, personally came and
appeared ]. S. Douglas, W. A. Ogilvie,
S. ]. Harmon, W. A. Martin, c. W.
Jack, W. P. Hall, l. N. Manahan, B.
Kobler, R. Latzko, J. c. Pugh, F. G.
Thatcher, J. c. Foster, J. A. fhigpen
and E. T. Brown, all residents of said
Parish and State, and T. w, w. Stin-
Son, resident of Bossier Parish, Louis
iana who stated and declared to me, no
tary. that awaiting themselves Of the
Constitution and laws OF the State of
Louisiana relative to the formation of
corporations, they have formed and con-
sttuted themselves and do hereby form
and constitute themselves as well as such
other persons as may hereafter become
associated with them, into corporation
and body corporate, and have adopted
as their charter and act of Incorporation
the following, towit:
ARTICLE I.
The name and style OF this corporation
shall be BALLARD ISLAND OIL
AND GAS COMPANY, with its DOM
icle at the City of Shreveport, in the
Parish of Caddo, State of Louisiana, and
under its corporate name it shall have
and enjoy succession for a period OF
ninety-nine years, unless sooner dis
solved as hereinafter set forth
ARTICLE II.
The purpose for which this corpora
ton is established and the nature of the
business to be carried on by. it are here
by declared to be to purchase and sell,
and to own and lease real estate in the
Parish of Caddo and elsewhere; to bore
and explore for oil, gas and other min
erals to lease and operate pipe lines or
other means of transporting oil i'll the
State of Louisiana or elsewhere, and to
sell and dispose of oil, gas and other
minerals
ARTICLE III.
All legal process shall be served on
this corporation by service on its presi-
dent, or in is absence on the vice presi-
dent, or in the absence of both on the
secretary and Treasurer at the Office of
| the company in said parish.
ARTICLE ".
The capital stock of this corporation
| is hereby fixed at the sum of fifty thous-
and dollars, divided into one thousand
shares of fifty dollars each, and this cor
poration shall commence business when
ever four hundred shares are subscribed
and paid for. Such stock shall be issued
| for cash or its equivalent i'll property at
its par value, and all stock shall be paid
for in full when subscribed for and shall
be worcestershire. The above named
corporators subscribe for number of
shares necessary to complete the organl-
cation of this corporation with the sign
ing of this act, in all future issuance OF
stock, each of the then stockholders shall
have the right of purchasing such pro-
portion of the stock to be issued as the
number Of shares then held by him bears
to the whole number of shares author
lied under this act In all stockholders
meetings each share Of stock shall be en-
titled to one vote, either by its holder
in person Or by written proxy, and the
stock of said corporation shall only be
| transferable on the books of the COM
oany by the surrender of the outstand-
ing certificate OF stock and its cancella-
ton
ARTICLE V.
The affairs of this corporation shall be
managed by board of directors con-
sisting of FIVE stockholders to be elected
by the stockholders at meeting held
for that purpose on the first Monday in
December of each year. The first board
of directors shall be G. w. Jack, who
shall be president; ]. c. Foster, who
shall be vice president; J. A. Thigpen,
who shall be secretary and treasurer,
and J. ). Douglas and l.. N. Manahan,
and they will old office until the first
Monday in December 1907 or until their
successors are elected and installed Any
vacancies occurring in the said board of
directors by death, resignation or other
wise, shall be filled by the remaining
directors, who shall elect a stakeholder
to fill such vacancy. Said board of direc-
tors shall have power and authority to
make any and all contracts in the pur-
chase, lease Or sale or mortgage of the
property OF the corporation, and shall
employ and discharge at pleasure such
agents, managers or other employees as
may be necessary in the management OF
its affairs.
| ARTICLE VI.
| This charter may be amended or
changed or this corporation may be dis
solved by vote of two-thirds of the
stock at meeting of the stockholders
called for that purpose, after thirty days