The Caucasian. (Shreveport, La.) 1900-192?, 1907-01-10
CHARTER
OF TIE DIXON OIL. AND PIPE
LINE COMPANY.


day OF December 1000, before me. Frank
A. Blanchard, Notary Public in and
for said Parish and State, duly commits
stoned and sworn, personally came and
appeared S. S. Hunter, J. w Dixon, W.
B. Mccormick and ]. d.. Wilkinson, res
idents of said Parish and State, and w
II. Hunter, a resident Of the Parish of
Arcadia, said State, who stated and de
clared to me, notary. that availing them
selves of the Constitution and laws OF
the State of Louisiana relative 10 the
formation of corporations they have
formed and constituted themselves and
do hereby form and constitute them
selves as we'll as such other persons as
may hereafter become associated with
them, into corporation and body cor
porate and have adopted as their char
ter and act of incorporation the follow
ing, tO-WIt:
ARTICLE |.
The name and style of this corpora
ton shall be the "DIXON OIL AND
PIPE LINE COMPANY" with its
domcile at the City of Shreveport, in
the Parish of Caddo, and under its cor
porate name it shall have and enjoy sue
ceSslon for a period of ninety-nne years.
unless sooner dissolved as hereinafter
set forth.
ARTICLE IL.
The purposes 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, own and
lease zeal estate i'll the Parish of Caddo
and elsewhere for the purpose of boring
and exploring for oil, gas or other min
erals, and to own, lease and operate pipe
lines. tank cars or other means of trans
porting oil. gas or other minerals in the
State OF Louisiana or elsewhere, and
such oil, gas or other minerals to sell.
transfer and dispose Of to such persons
IS may desire to purchase the same,
ARTICLE III.
All legal process shall be served on
this corporation by service on its presi
dent, or in his absence on the vice pres
ldent, or in the absence of both OH 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 three hur
dred thousand dollars. divided into three
thousand shares of one hundred dollars
whenever one thousand shares are sub
scribed and paid for. Such stock may be
issued for cash, or for property or serv
ices rendered this corporation, and al.
stock issued shall be fully paid and non
assessable from and after the issuance
thereof In all stockholders meetings
each share of stock shall be entitled II
one votdA either by its holder in person
or by written proxy, and the stock of
said corporation shall only be transfer
able on the books Of the company by the
surrender OF the outstanding certificate
Of stock and its cancellation.
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 a meeting held
for that purpose on the first Monday i'll
February of each year The first board
of directors shall be S. s. Hunter. who
shall be president; J, w. Dixon, who
shall be vice president; w. B. McCor
mick, who shall be secretary and treas
urer, and w. II. Hunter and J. d. Viii
kinson, and they shall hold their offices
until the first Monday in February 1905
or until their successors are elected and
installed. Any vacancies occurring IN the
said board of directors by death, reslg
nation or otherwise, shall be filled by the
remaining directors. who shall elect
stakeholder to fill such vacancy. Said
board of directors shall have power and
authority to make any an dali contracts
in the purchase, lease or sale or mort
gage of the property of the corporation
and shall empty and discharge at pleas
ure such agents, managers, or other en-
ployes as may be necessary in the man
agemem of its affairs
ARTICLE VI.
This charter may be amended or
changed or this corporation may be dis
solved bv a vote of two-thirds OF the
stock at meeting of the stockholders
called for that purpose, after thirty days
advertisements In one of the newspapers
published in the City of Shreveport, and
by personal notice mailed to each stock
holder through the mails to his postoffice
address, provided that nothing herein
shall present any SUCH stakeholder by
unanimous consent waving such notice
in writing, except when otherwise spe-
cially provided by law Whenever this
corporation is dissolved, either at the
vote OF the stockholders. or by limitation
or otherwise, its affairs shall be llquidat-
ed and settled by liquidator elected by
The stockholders at the time of the DIS
solution thereof, who shall perform such
duties and give such bond and security
as ajority of the stockholders shall