The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-24
CHARTER
OF THE HONEST EAD OIL COM
PANN

State Of louisiana Parish Of Caddo
Before me. / j. Bell jr. the under
signed authority. a notary public i'll an'
for Caddo Parish. Louisiana. at my of
fee III the City Of Shreveport. La.
came aud appeared on the date hereinaf
ter written. the following Charles w
Lane. Zach K I.awhon Frank ]
Looncy. Mrs Matte l. Carter. Matthew
Van ear. Clarence l.. Nelson aud VII
liam t. Taylor. all to me well known
wo declared to me III the presence OF
the attesting witnesses. that they desired
to form and constitute a corporation
under the laws Of Louisiana and that
they do hereby form themselves and
their successors INTO a corporation and
constitute same III compliance 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 incorpOra
ton hereinafter set forth
ARTICLE /
he name of this corporation shall be
THE HOMESTEAD OIL COM
PANN;' by this name it shall have
power and authority to have and enjoy
succession for the period Of ninety nine
years; to contract sue and be sued: to
make and use a corporate seal and the
same to break. alter or amend at pleas
ure and under this name to hold. re
ceive. purchase and otherwise acquire
10 own, convey, sell or otherwise dispose
If. to lease. pledge. mortgage or other
wise hypothecate, property. real. per
Sonal and mixed.
ARTICLE u.
The domiCle Of this corporation is de
,larcd to be the City of Shreveport. La,
ARTICLE ILL.,
The nature of the business to be car
led on and the purpose for which this
is established arc as follows: ::
% develop, oil. gas or other minerals
on any property owned. leased or con
trolled by it or others in the State Of
Louisiana, or elsewhere in the United
States: to drill wells and sell the pro
duct thereof: to construct. maintain and
operate pipe lines for conveying oil, gas
" other products from such wells to
La. and other points i'll the
United States, and generally to do any
and all things necessary to be done i'll
furtherance Of such objects and pur
poses.
ARTICLE ~.
he corporate powers OF this corpora
lion shall be vested in a board Of direc
tors composed of three stockholders
The directors shall elect president. vice
president and secretary treasurer. and
shall prescribe the duties of each
Elections of directors shall take place
The second Monday Of September Of each
year.
The first board of directors shall be
Us follows: c. w. Lane. +. J. Looney
and L. r Lawhon; with c. w. Lane as
president; F. J. Looncy. vice president,
and T. R Lawhon secretary treasurer.
All officers and directors shall serve TN
till their SUCCESSORS are elected. Service
If all legal process shall be made on the
president, or, in his absence on the vice
president, or, in his absence, on the sec
retary y-treasurer, at the office of the COM
pany.
The board Of directors shall appoint
such managers, agents or Sub officers as
the interests Of the corporation may re
qure 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 va
cancies occur among the officers or di-
rectors. the remaining directors may
SeIeCt SlOCknOluSGS TO HI tIlc SaIle, lc
board of directors shall have power to
borrow and lend money. to issue bills
of exchange, notes. bonds, drafts and
other negotiable paper execute mort
cages and generally to do all things in
cident to the object and purposes of this
corporation.
ARTIVLE Y.
] he capital stock of this corporation
shall be thirty thousand dollars, divided
into three hundred shares Of the par
value Of one hundred dollars each. This
stock shall be paid for in cash or its
equivalent at the time of its subscription
At least one hundred shares of the
par value oPten thousand dollars shall
be subscribed and paid for before this
corporation shall commence business
No stockholder shall be liable for more
than the unpaid balance on the stock
subscribed for by him, nor shall any
mere informally III organization have
the effect Of rendering this charter nul
or of exposing stockholder to any liza