The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-02
-CHARTER Of
The UNDERWOOD OIL CO.
State of Louisiana,
Parish Of st. Mary.

State of Louisiana,
Parish Of ST. Mary.
Re il known that on this 18th, day Vi
April, A. D., Nineteen Hundred and Eight
(19OS), before mt, j.. q. Pecet, Notar!
Public duly commissioned and quallfled
within and for the Parish of st. Mary
state Of Louisiana, and in the presence Of
thewitnesses hereinafter named and under
signed, personally came and appeared the
nersonS whose names are hcreunfO SUBJ
scribed as the incOrpOratOrs hereof, who
severally declared and acknowledged that
availing themselves Of the provisions OF the
laws of this State relative to the OrganlZa.
ton of corporations Of limited liability and
ali laws supplementary and amendatOry
thereto, they have mutually agreed and dc
by these presents mutually and severally
agree and covenant among themselves and
with others to form, constitute and organize
themselves and the persons who may here
after become associated with them herein
to a corporation under the name and Tor
the objects and purposes and upon the
conditions and stipnatiOns hereinafter set
forth and expressed in the following
articles, viz:
ARTICLE /.
This corporation does and shall bear the
name of the UNDERWOOD OIL CO.. and
by and in this name this corporation shall
tor the of period Of Ninety nine years from
the date OF this Charter
ARTICLE ii.
The dOmicile Of this corporation is and
shall be in the Town of Franklin. Parish Of
st. Mary, Louisiana, and all citations and
other legal processes shall be served upon
the president, and in the event Of his
event of the absence of both of these Of
fcorS then l1nOn the secretary,
ARTICLE III.
The objects and purposes for which this
corporation is organized are to drill for,
produce, deal in, purchase, sell and other
wise dispose of natural gas and petroleum,
and therefore to purchase, lease or other
wise acquire lands and tenements, mines,
and mining privileges OF lease, and con-
struct, maintain and operate and control
and superintend any roadway, tramway,
pipelines, warehouses, reservoirs, storage
tanks, and other means of transporting,
storing and dispensing Of its products: and
it shall have all such other powers and
privileges as are incidental to or that may
directly or indirectly serve the main objects
OF this corporation.
AID this corpoation shall therefore have
power to sue and to be sued, to contract
and to be contracted with. to make ard
adopt corporate seal. and the same to
break or alter at its pleasure, to hold, re-
and Otherwise acquire or ALLEVIATE or hy-
pOthecate property of every Kind and
character whatsoever, in its corporate
name; to borrow and loan money, to eX-
Scute notes and other instruments negOtia-
BILE or non negotiable, and to secure the
same OF take securities therefor in mort
Cages, pledges, liens and other form, also to
name and appoint such officers, directors,
managers ana agents as the cOnveniences
Of this corporation may demand and 10 Fix
their compensation; to make aud establish.
and to alter and amend at will such rules
and Regulations and by laws as the interests
of this corporation may require; to con-
solidate with other corporations; and to do
all such other things as may be deemed
necessary in carrying out the objects and
purpose and in conducting the business Of
this corporation; and to do all such other
things as may be deemed necessary in
carrying out the objects and purpose and in
conducting Of this corporation.
ARTICLE w.
The capital stock Of this corporation is
fixed at Three Thousand Dollars (S3OOO 0O)
divided into Three Thousand shares of the
par value Of one dollar ($l.OO) per share;
which shall be paid for in cash money or its
equivalent in real estate or personal prop
erty, in such manner and at such times as
the Board Of Directors shall require, and
this Corporation shall commence business
and be going concern from the SINE all its
stock Is subscribed for.
All transfers Of stock Of this EVAPORATION
shall be made upon the books Of this
corporation by the owner az his authorized
agent, and shall not otherwise be re-
cOgnized. All certificates Of stock shall
be signed by the President and Secretary,
land no certificate shall be issued nor
transfer Of stock made except for full paid
stock.
ARTICLE v.
All of the powers of this Corporation
shall be vested in and exercised BY
Board of Directors composed Of Five (5)
stockholders, who shall be elected an
nually on the third Monday in April OF
each year commencing with the year
Nineteen Hundred and Nine (19O9), by
ballot and under the direction of two
election commissioners appointedsby the
board ct said annual meeting, At which
every stockholder shall be entitled 10 as
many votes % ho has shares OF stock stand
ing in his name opon the books of the
company, to Be cast either in person or by
written proxy, and three members Of the
hoard OF directors shall constitute q quo
rum for any ordinary business. Vacan-
cf03 occurring on the board Of directors
shall be filled at and by Z special meeting
q Be called for that purpose after ten
A6Yb pQeico. publisbed in any Newspaper
pnblbhed q FFankltn, .Lcuistanas and
sft1r NlT1lled netice nAtied e ench share.
leQG ptlof q 80