The Caucasian. (Shreveport, La.) 1900-192?, 1907-07-09
CHARTER
OF the Oil City Land and Oil Com
pany.

Before me, s. l.. Hcrold. the under
signed authority, notary public in ant
for Caddo Parish. Louisiana, at my of
fee IN the City Of Shreveport. came an,
appeared on the date hereinafter writ
ten. the following: A. c. Pitts, L. K
I.awhon. Frank ]. Looncy, J. A. 1hig
pen and T. +. Bell Jr, all residents o
Caddo Parish. Louisiana, and &. l.
Gaines. resident of Jackson County
Missouri. who declared to me in the
presence of the attestlng witnesses that
they desired to form and constitute 4
corporation under the laws Of Louis
lana. and that they do hereby form
themselves aud their successors cor
poration and constitute same in compi-
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 |.
The name of this corporation shall be
The Oil City Land and Oil Company
by this name it shall have power and att
thority to have and enjoy succession for
the period of ninetynine years; to con
tract, sue and be sued to make and use
a corporate seal and same to break, al
ter or amend at pleasure; and under this
name to hold, receive, pnrcase and 9th
erwise acquire, to own, convey, sell, or
otherwise dispose of, to lease, pledge,
mortgage or otherwise hypothecatc
property. real, personal and mixed.
ARTICLE II.
The domicile of this corporation is de-
clarcd to be the City Of Shreveport, La.
ARTICLE III.
The nature Of the business to be car
ricd on and the purposes for which this
corporation is established are as fol
lows: TO buy and sell land and to hold
same, and develop same for gas and oil
or other minerals, and to lay all neces-
sary pipe lines, and do all things in fur
therance of the objects and purposes Of
this corporation
ARTICLE ".
The corporate powers of this corpora
lion shall be vested in board of direc
tors composed Of five stockholders. The
directors shall elect president vice
president and secretary treasurer, and
shall prescribe the duties of each
Election of directors shall take place
the first Tuesday Of June in each year
I he first board Of directors shall be as
follows: L. r. Lawhon, J. A. Thigpen
Frank J. Looney. A. {. Pitts and c. l..
Gaines. with L. K Lawhon, president;
J. A. Thigpen, vice president, and
Frank J. Looney secretary treasurer.
All officers and directors shall serve I'M
til their successors are elected
Service of all legal process shall be
made on the president, or in his absence
Oh the secretary at the Office of the COM
pany.
Three directors shall constitute a quo
rum to do business.
The board of directors may appoint
such managers, agents or sub-oficers 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
vacancies occur among the officers or
directors the remaining directors may
select stockholders to fill the same.
The board of directors shall have
power to borrow and lend money, issue
bills of exchange, notes, bonds, drafts
and other negotiable paper, execute
mortgages and generally to do all things
incident to the object and purposes of
this corporation.
ARTICLE V.
The. capital stock of this corporation
shall be thirty thousand dollars divided
into six thousand shares of the par
value of five $500 dollars each. This
stock shall be paid for in cash or its
equivalent at the time Of its subscription
unless other terms are allowed by the
board of directors.
At least one thousand shares Of the
par value of five (s5. .ooooo) thous-
and dollars shall be subscribed and
paid for before this corporation
shall commence business. No stock
holder shall be liable for more
than the unpaid balance on the stock
subscribed for by him, nor shall any
mere informality in organization have
the effect 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 annual meeting called
for that purpose Or any meeting ad-
iourned for same At all stockholders
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