The Bossier banner., 1908-07-30
CHARTER
Louisiana Oil and Mineral
Company, Limited.
.Of the

company, Limited.
State Of Louisiana, Before me. II
Parish Of Bossier. Montgomery
Notary Public in and for Bossier Parish
La, at my office in the City of P|a;n,
Dealing, La, came and appeared on the
date hereinafter written, the following
persons: G. 7. Mays, j. r. Honeventt
and J. Perry, who declared to me. ii tha
presence of the attesting witnesses that
they desired to form and constitute
corporation under the laws of Iouisiana
and that they do hereby form themselvas
and their successors into a corporat;on
and constitute same in compliance with
the provisions and subject to the restr;c-
tions of the laws of the State of Louis-s
lana governing corporations and undar #
the provisions OF the articles of incorno.
ration hereinafter set forth.
ARTICLE 1.
The name of this corporation shall ba
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 ninetv-
nine years; to contract, sue and be sued
to make and use corporate seal. and
the same to break, alter and amend a.
pleasure; and under this name to hold
receive, purchase and otherwise acouire
to own, convey, sell or otherwise dispose
OF, to lease, pledge, mortgage or other
wise hypothecate property, real, per-
sonal and mixed.
ARTICLE ii.
The domicile of this corporation 10
declared to be in the CITY of Plain
Dealing, La.
ARTICLE III.
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 1t 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 ali
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 Nv.
The corporate powers of this corpora-
tion shall be vested in Board of Direc-
tors, composed of three stockholders.
The directors shall elect 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 wear. The
first Board of Directors shall be as fol-
lows: 6. T. Mays, j. r. Honeycutt and
J.. Perry, with G. I. Mays, President;
}. Il. 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-s
llsh bylaws as may be necessary and
proper for the management and regula-
tion OF the affairs of the corporation. II
any vacancies occur among the officers
or directors, the remaining directors NAV
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
stockholder shall be liable for more than
the unpaid balance on the stock SUBJ
scribed for by him, nor shall any mere
informality in organization have the
effect OF rendering the charter null or Of
exposing a stockholder to any liability
beyond the amount of his stock.
ARTICLE vi.
The directors shall be elected by ballot
at the regular meeting annually called
for that purpose, or any meeting ad-
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; a majority OF
the stockholders shall constitute a
quorum; 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 a general meeting called for
that purpose on the demand of the ma
iOrity of the stockholders. NAV 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 iquidators 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 att
testing witnesses and before me, Notary,
the above named incorporation have
hereunto set their names.
G. T. MAYS.
J. r. HONEYCUTT.
Witnesses: - HNi'
w. F. BELL.
S. H. COCHRAN.
II III MONTCOMEI2y