The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-24
CHARTER
OF BALLARD ISLAND OIL AND
GAS COMPANY.

State OF LOUISIANA, Parish OF Cadde
Be it remembered that on this the 10th
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 J. S. Douglas, w A Ogilvie,
S. J. Harmon, W. A. Martin, c. W.
Jack, W. P. Hall, L. N. Manahan, B.
Kobler, r. Latzko, ]. c. Pugf1, F. G.
Thatcher, ]. c. Foster, ]. A. Thigpen
and E T. Brown, all residents of said
Parish and State, and T. W. w. Stin-
son, resident of Bossier Parish, Louis
lana, who stated and declared to me, no.
tary, that availing themselves of the
Constitution and laws of the State of
Louisiana relative to the formation OF
corporations, they have formed and con-
stituted themselves and do hereby form
and constitute themselves as we'll 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, to-wit:
ARTICLE l..
The name and style OF this corporation
shall be BALLARD ISLAND OIL
AND GAS COMPANY, with its DOM
icile 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-rine 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 10 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 in the
State OF Louisiana Or elsewhere, and to
sell and dispose of oil, gas and other
ARTICLE Ill.
All legal process shall be served on
this corporation by service on its presi-
dent, or in is absence OH the vice presi-
dent, or in the absence of both on the
secretary and Treasurer at the Office of
the company in said parish 4
ARTICLE ".
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 in property at
its par value, and all stock shall be paid
for in full when subscribed for and shall
be worcestershire The above named
subscribe for. number of
shares necessary to complete the organi-
zatlon of this corporation with the sigrl-
ng of this act, in all future issuance OF
stock, each of the then stockholders shall
nave the right of purchasing such pro-
portion of the stock to be issued as the |
number OF shares then held by him bears |
o the whole number of shares author |
zed under this act. In all stockholders
meetings each share of stock shall be en-
titled to one vote. either by its holder
n person Or by written proxy, and the |
stock of said corporation shall only be |
Transferable on the books of the COM
,any by the surrender of the outstand-
ng certificate of stock and its cancella- |
ion
ARTICLE V.
The affairs of this corporation shall be
by board of directors con-
'isting OF five stockholders to be elected |
" the stockholders at meeting held |
or that purpose ON the first Monday in
December of each year The first board |
If directors shall be G. w. Jack, who
hall be president; &c. Foster, who
hall be vice president; J. A Thigpen,
who shall be secretary and treasurer,
md J. s. Douglas and L. n Manahan.
md they will old Office until the first
Monday in December 1907 or until their
successors are elected and installed Any
yacaneies 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
o fill such vacancy. Said board of direc-
ors shall have power and authority to
make any and all contracts in the pur-
base, lease Or sale or mortgage of the
of the corporation, and shall
mploy and discharge at pleasure such
gents, managers or other employees as
nay he necessary in the management of
IS affairs.
ARTICLE VI.
: This charter may be amended or
hanged or this corporation may be dis
olved by vote of two-thirds of the
took at a meeting of the stockholders