The southern sentinel., 1908-07-31
CHARTER
OF THE
CENTRAL OIL COMPANY
state of Louisiana,
Parish of Winu.

| state Of Louisiana,
/ Parish of VIM.
Re II remembered: That on this the 18th
d,y ~ July A ID. 1908, before me Harry r:
Gamble; Notary Public, guy pr;sh SJnn nf Winn.
| Innisiaua and I'm the presence of the wit,
/ nesses hereinafter named and undersigned
sPPsarsSd sFsnr O. T. fayne "a sna john T.
Mathews, who declared tnst a'aiing lnem-
/ s-Iyes OF the laws Of the State of louisiana,
relative to corporations tney nave se an'.
| ed and agreed, and by these present do GOV,
/ ,-nant and agree and bind themselves, as well
/ as such other persons as may hereafter De
come associated win taeh h5S 10 noIi.;c in law
| for the purposes and objects and under the
sfipslati0ns and provisions hereinafter set
| forth which they hereby accept as their ehar-
| tsr, to wit:
The name and title Of this corporation shall
/ he THE CENTRAL OIL COMPANY, and ITS
domicile Is hereby nLed ana o,.S 49, ~
| its corporate name the said corporation snaL
have power aud authority to contract, sue
and be sued; to make and use corporate sea-,
And the same TO break and alter At pleasures
| to hold. receive, have. purchase, improve, aheh-
| ate convey, sell, borrow, pledge, mortgage,
aud hypethecate under It's saia corPorats s
| TO name and appoint such officers, directors,
| agents and managers or employees, 20 make
and establish bylaws, rules and reguiatlons
4
/ its affairs as mar be deemed necessary and
| proper to canv out the objects ana purposes
/ of this corporation, and The same To reason
/ ably change or alter at pleasure. To do any
| and all other acts and things not contrary 70
law and as shall may be necessary and
proper to carry out the objects and pu; poses OF
/ this corporation. Said corporation, unless
sooner dissolved by q majority OF the STOCK
holders shall have existence for q period OF
| ninety mine years from and after the date
hereof.
Suits for this corporation shall be brought in
| its name, aud all process or citation shall be
| served on the President. or in his absence or
inability to act on the Nlce-President or Cen
| eral Manager, or in the absence OF these ofh-
Gers, on the Secretary, at the domicile and
Office of this corporation.
The officers of this corporation shall be a
President, Vice President, General Manager.
Secretary and Treasurer; but the offices OF
Vice President and General Manager may be
filled by one and the same person, and the ofh-
ces of Secretary and Treasurer may also be
| d led by on and the same persoa. The Trea-
| surer. il the Board OF Directors shall so re-
| quire, shall give bond in a sum to be determ-
ined by the said Board, for the faithful, per-
formance of his duties.
Each officer shall be shareholder in this
corporation, and shall be elected annually by
the Boa-d of Directors and shall serve until
his successor is elected. However said officers
shall be or may be subject to removal at any
time by the Board of Directors, for good cause
shown for such removal.
ARTICLE III.
The objects and purposes fer which this COR
poTation is organized and the nature of the,
business to be carried on by it are declared TO
be the following:
To buy, purchase or otherwise acquire BY
deed or gift. will or otherwise. to own, have
and hold. to sell, convey and dispose of lands,
copper. coal platinum. salt, sulphur and all
other minerals, and mineral deposits of what
ever character or description, by any process
known to the law. To own and operate mines.
drills, pump and mining machinery of every
form and character, pipe lines, tanks elevators
and rehneries, in short any and all kinds and
character OF machinery, for the boring, pump
ing, refining, piping. tanking. barreling. ship
ping, and marketing of oil. and all other kinds
OF machinery for the mining. manufacturing
and marketing OF any and all minerals and
mineral deposits. To construct, own and op
crate electric and any other power plants and
to manufacture. buy and sell oil, gas, coal, and
all other character and kinds Of mineral and
mineral deposits. To buy and sell oil, coal
gas, salt, sulphur and all other kinds and
character of mineral bearing lands. and to do
all other things necessary for the execution
and carrying out Of the above objects.
ARTICLE Nv.
The capital stock Of this corporation shall
be Twenty Five Thousand Dollars to be di-
yid.d into twenty i've thousand shares of One
Dollar each, which said shares are to be paid
for in cash or its equivalent, before the same is
issued, and this corporation shall have the
privilege s. Of beginning operations under this
capital tock has been subscribed for.
ARTicLKv.
The corporate powers OF this coporatiou
shall be vested in a Board Of Directors to be
composed os i've persons each of whom shall
be shareholder, and the majority OF said
Board Of Directors shall constitute a quorum
The share holders shall hold regular annual
meetings, the time for which shall be desia-
mated in the bylaws OF the corporation, and
at said meeting, shall elect q Board of Direc-
tors, declare dividends or losses and transact
anJ other business that may come before their
, meeting.
The said Board of Directors sail meet
within seven days after the annual meeting of
the share holders, and At such meeting snail
elect n President. Vice President, GENERAL
other ofiicess as they may deem necessary to
serve for the ensuing year.
The first Board OF Directors, however are
declared TO be l.. II. Baldwin, J. ID. Pace. w. A
Strong. o. U. Payne and John H. Mathews. u
D. Pace, President. L. II. Baldwin Vice Lresi-
dent and General Manager, and o. u Payne
Secretary and Treasurer.
In all elections OF directors each share-hol-
der shall be entitled to one vote for every
snare of stock held by him, and these votes
must be cast by the stakeholder in person. or
by proxy, authorized in any manner that NAV
be required by the Board Of Directors. under
their general rules and bylaws, and the ma
lorlty OF the votes cast shall elect.
The Boa'd OF Directors shall make such bv-
laws. ruiss and regulations as may be neces-
saay Tor the proper management OF. the busi-
ness OF this corporation, and shall change the
same as they deem best, and shall have the
power 10 provide for. contract dehts