The Caucasian. (Shreveport, La.) 1900-192?, 1907-06-25
CHARTER
OF the Oil City Land and Oil Com
pany

State of Louisiana, Parish of Caddo
Before me, S. l. HeFold, the under
signed authority, notary public in and
for Caddo Parish, Louisiana, at my of
fee in the City of Shreveport, came and
appeared on the date hereinafter writ
ten, the following: A. c. Pitts, Z. R.
Lawhon, Frank J. Looney, J. A. Thig-
pen and T. F. Bell Jr., all residents of
Caddo Parish, Louisiana, and c. L,
Gaines, a resident. of Jackson County.
Missouri, who declared to me in the
presence of the attesting witnesses that
they desired to form and constitute a
corporation under the laws of Louis
lana, and that they do hereby form
themselves and their successors a cor
poration and constitute same in compli-
ance 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 au-
thority to have and enjoy succession for
the period of ninety-rine 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, purcase and 9TH
erwlse acquire, to own, convey, sell, or
otherwise dispose of, to lease, pledge,
mortgage or otherwise hypothecate
property, real, personal and mixed
| ARTICLE II.
The domicile of this corporation is de-
clared to be the City of Shreveport, La.
| ARTICLE III.
| The nature of the business to be car
ried on and the purposes for which this
corporation is established are as fol-
lows: To buy and sell land and to hold
same, and deyelop same for gas and oil
or other minerals, and to lay all neces
sary pipe lines, and do all things in fur
Itherance of the objects and purposes Of
this corporation.
ARTICLE ".
The corporate powers of this corpora
tion shall be vested in board of direc-
tors composed of FIVE stockholders. The
directors shall elect a 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.
| The first board of directors shall be as
| follows: Z. R. Lawhon, ]. A. Thigpen,
Frank J. Looney, A. c. Pitts and c. l..
Gaines, with T. r. Lawhon, president /;
~. A. Thigpen, vice president, and
Frank ]. 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
on the secretary at the office of the COM
lpany.
Three directors shall constitute quo
rum to do business
| The board of directors may appoint
Isuch managers, agents or sub-officers as
the interests of the corporation may re-
Iquire, 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
lbi1ls 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 pal
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.
j At least one thousand shares of the
par value of FIVE ($5.ooo.oo) thous
and dollars shall be subscribed ano
paid for before this corporation
shall commence business. No stock
holder shall be liable for NOR,
than the unpaid balance on the stoel
, subscribed for by him, nor shall an.
mere informality in organization hav
the effect of rendering the charter null
or of exposing stockholder to an
liability beyond the amount of his stock
ARTICLE VI.
e The directors shall be elected by bal
|, lot at the regular annual meeting callet
f for that purpose or any meeting ad
( lourned for same At all stockholder
IL, Oh 81 str chn1l r