The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-18
CHARTER
OF PHELPS LAKE OIL AND MIN
ERAL COMPANY. LIMITED

at my lffiCe III the slty OF Shreveport,
La, came and appeared on Che date
hereinafter written, the following per
sons; e. 4. Gilmer. o. ~ Whelcss, w
B. Boggs. N w. Sentcl. q T. Wyche
J X. Iioneycutt, Alex K Macdonald
who declared TO me III the presence Of
the attestmg witnesses that they desired
10 form and constitute corporation I'M
der the laws of Louisiana, and that they
do hereby form themselves ana their
successors into a corporation and constI-
tute same in compliance with the provis-
ions and subject ~ the restrictions Of
the laws Of the State OF louisiana, gov
ernug corporations, and under the pro
visions of the articles OF incorporation
hereinafter set foyth
ARTICLE ].
The name of this corpo1 alton shall be
PHELPS LAKE OIL AND MIN
ERAL COMPANY, LIMITED" and
by this name it shall have power and
authority to have and enjoy succession
for the period OF ninety-nne years, to
contract, sue and be sued o. make and
use a corporate seal and the same 10
break, alter and amend at pleasure; and
under this name 10 hold, receive our
chase and otherwise acquire, 10 own,
convey, sell or otherwise dispose of, to
lease, pledge, mortgage or otherwise
hypothecate property, real. personal and
mixed
ARTICLE 90
The domicile Of this corporatioa is Dc
clared TO be in the City a Shreveport,
Louisiana
ARTICLE W.
The nature of the business 10 be car
ried on and the purposes for which this
corporation is established are as fol
lows; TO develop oil, gas or other min
erals on any property owned, leased or
controlled by it or Others III the State
Of Louisiana. or elsewhere in the United
States; to drill wells, sink shafts, mine
and manufacture and sell the products
thereof; to construct, maintain and ope-
rate all necessary pipes and pipe lines
and generally to do any and all things
necessary to be done in furtherance of
such objects and purposes.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in board of
directors composed of seven stockhold
ers. The directors shall elect presi
dent. vice president secretary and
treasurer, and shall prescribe the duties
Of each Elections shall take place OH
the first Tuesday of February in each
year The first board of directors shall
be as follows: G. F. Gilmer, Fl. II. Whe-
less, W. B. Boggs. N. w. Sentell, r. f.
Wyche. J. R. Honeycutt and Alex &
Macdonald. with G.. f. Gilmer. presi-
dent: R. L. Wyche, vice president w.
B. Boggs, secretary; N. w. Sentell,
treasurer All officers and directors shall
serve until their successors are elected.
Service of all legal process shall be
made on the president, Or in his alb
sence, at the Office of the company.
The board of directors may appoint
such managers. agents or Sub officers 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 vacan
cies occur among the officers or direc
tors, the remaining directors may select
stockholders to fill the same The board
of directors shall have power to borrow
and lend money; to issue bills of ex-
change, notes, bonds, drafts and other
negotiable paper; execute mortgages
and generally to do all things incident
to the object and purposes of this cor
poration.
ARTICLE V.
The capital stock of this corporation
shall be twenty THOUSAND 100000 oo)
dollars, divided into eight hundred
shares of the par value of twenty five
dollars each This stock shall be paid
for in cash, or its equivaent at the time
of its subscription unless other terms
are allowed by the board of directors.
At least four hundred shares of the par
value of ten thousand dollars shall be
subscribed and paid for before this cor
Doration shall commence business. No
;tockhoder shall be liable for more than
The unpaid balance on the stock sub
Scribed for by him, nor shall any mere
informally in organization have the eff
feet of rendering the charter null or Of
exposing stakeholder to any liability
beyond the amount of his stock.
ARTICLE VI
The directors shall be elected by bal
lot at the regular meeting annually called
for that purpose, or any meeting ad-
ourned from same. At all stockholders
meetings each share if stock shall be en-