The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-08-20
CHAR
Louisiana Oil and Mineral
Company, Limited.

State of Louisiana, Before me, H. H.
Parish Of Booster. Montgomery,
Notary Public in and for Bossier Parish,
La, at my Office in the City OF Plain
Dealing, La, came and appeared on the
date hereinafter written, the following
persons: G. T. Mays, j. r. Honeycutt
and J. Perry, who declared to me, in 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 d corporation
and constitute same in compliance with
the provisions and subject to the restric-
tions Of the laws of the State of Louis
lana governing corporations and under
the provisions of the articles Of ineorpo.
ration hereinafter set forth,
ARTICLE 1.
The name Of this corporation shall be
LOUISIANA OIL AND MINERAL COMPANY,
Limited, and 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 and amend at
pleasure; and under this name to hold,
receive, purchase and otherwise acquire,
to own, convey, sell or otherwise dispose
Of, to lease, pledge, mortgage or other
wise hypotheeate property, real, per-
sonal and mixed.
ARTICLE II.
The domicile of this corporation is
declared to be in the City of Plain
Dealing, La.
ARTICLE Ill.
The nature of the business to be car
ried on and the purposes for which this
corporation is established are as follows:
To develop oil, gas or other minerals on
any property owned, leased or controlled
by it or others in the State of Louisiana,
or elsewhere in the United States; to
drill wells, sink shafts, mine and man.
ufacture and sell the products thereof;
to construct, maintain and operate all
necessary pipes and pipe lines, and gen.
orally to do any and all things necessary
to be done in furtherance OF such objects
and purposes.
ARTICLE ",
The corporate powers of this corpora
ton shall be vested in Board of Direc-
tors, composed of three stockholders.
The directors shall elect a President,
Vice-President, Secretary and Treas
urer, and shall prescribe the duties of
each. Elections shall take place on the
second Monday of June each year. The
first Board of Directors shall be as fol-
lows: G. T. Mays, J. r. Honeycutt and
J. Perry, with q. T. Mays, President;
J. r. Honeycutt, Vice-President, and
j. Perry, Secretary and Treasurer. All
officers and directors shall serve until
their successors are elected. Service of
all legal processes shall be made on the
President, or in his absence, at the'office
of the company. The Board of Directors
may appoint such managers, agents or
sub-officers as the interest Of the corpo-
ration may require, and make and estab-
lish bylaws as may be necessary and
proper for the management and regula-
ton 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 the 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 objects and purposes of
this corporation.
ARTICLEv.
The capital stock of this corporation
shall be 100000, divided into 10000
shares OF the par value of $40 each, This
stock shall be paid for in cash, or it's
equivalent, at the time of its subscrip-
ton, unless other terms are allowed by
the Board of Directors. At least 800
shares at the par value Of $1,000 shall be
subscribed and paid for before this cor
poration shall commense business. No
stakeholder shall be liable for more than
the unpaid balance On the stock sub
scribed 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 ballot
at the regular meeting annually called
Tor that purpose, or any meeting adj
journed from the same. At all stock
holders meetings each share OF stock
shall be entitled to one vote; stock
holder may vote by proxy; majority of
the stockholders shall constitute
quorum; a majority Of the stock present
shall elect the directors; special meet
ings may be called at the will of the
President; the stockholders of this cor
poration, at general meeting called for
that purpose on the demand of the ma
jority of the stockholders, may modify,
change, alter or amend or dissolve the
corporation, with the assent of three
fourths of the stock. This shall not
apply to increasing or decreasing the
capital stock, which is done under
special laws. Five days written notice
OF any meeting shall be given by the
Secretary. If dissolution be determined
on, a majority Of the stock present shall
select three liquidators at the meeting
SO determining, and shall provide for
filling any possible vacancies among
said liquidators.
In testimony of above articles of in
corporation, in the presence of the at
testing witnesses and before me, Notary,
the above named incorporation have
hereunto set their names.
G. t. MAYS.
J. R. HONEYCUTT.
Witnesses: - Irsn1'
w. F. BELL.
S. H. COCHRAN.