The southern sentinel., 1908-08-07
CHARTER
OF THE
CENTRAL OIL COMPANY
state of Louisiana.
Parish of Winu.

paa, S,a,e Of louisiana.
railsh OF VIM.
Az bs =. y remembered: That on this the 9s,b
GaSI, go NJ SuS. 4 ID. 1905, before me Harr,' r.
uahble, "A Notary Public dnIy ,.n,,'uiis =,
1,.itned Iau ieuailned In and Ton the Parish of VIII
ness va, hl ana IN the presence of the Wit
peT>onaiiT einaiier ier named and undersigned
b.ns W appeared L. II. Baldwin II m
Iliaor, W A. Strong, o. u Payne and iobn n ~
HStheNs, VINO declared that ayaiIing Iben,
rei,tiyo - ,,is 'ne laWs OF the State of Louisiana
~ sSiathe M To corporations. they have covenant
60 ana agreed. and by thest. rr.sent a. IN
~ ~aut anu agree and bind themselves as NIL
coms ass,aIr oaner persons as may hereafter be-
saitute s. corporation. a body politic in Law
~ ~ u,e purposes and objects and under Ibc
s' s'iPu'aIinhs and provisions hereinafter ser
ter, to wit: ~ a. '"ei 'har-
ARTICLE l.
me ne, name and title of this corporation shall
9.ih 3e. ihE CENTRAL OIL COMPANY, and i,s
aoniicile Is hereby fixed and estabiisbed n,
Wlnnheld, Ninn Parish, l.ouisiana ana ,,na,. =.
US corporate name the said CORPORATION shall
nave power and authority to contract sue
ana ana J 1e sueui 10 make and use a corporate seal
anu me same TO break and alter al Measure,
70 hold, receive have. purchase improve. alien
& convey, sell, borrow, pledge. mortgage
@ aun hypethecate under its said corporate
natier property real, personal or mixed: and
70 name and appoint such officers. directoTs
agents and managers or employees. 10 make
ahu establish bylaws, rules and regulations
ioi tne proper management and regulation nj
ITS affairs as may be deemed NECESSARY and
proper to carry out the objects and nurnos.s
q, this corporation, and The same to reasou-
sOS as' 1I 1nange or after at pleasure. To do any
.hd all other acts and things not contrary 10
law, and as shall or may be necessary and
proper 10 carry out the objects and purposes Of
thls corporation; sald corporation, unless
sooner dissolved 10y a majority OF the stock
holders, shall have existence for a period ~
nlnety-nine years from and after the date
hereof. ~
ARTICLE II.
Suits for this corporation shall be brought in
its name, and all process or citation shall he
served on the President, or in his absence or
inability to act, on the Vice-President or GEN
eral Manager, or in the absence of these Off
Gers, on the Secretary, at the domicile and
office OF this corporation.
The officers of this corporation shall he n
PRESIDENT, Vice President, General Manager,
Secretary and Treasurer; but the Offices Of
vice President and General Manager NAV be
nlled by one and the same person, and the Off |
ces Of Secretary and Treasurer may also be
ntleu by on and the same person. The Trea-
surer. II the Board of Directors shall so re- |
quire, shall give bond in q sum to be determ- |
ined oy the said Board, for the faithful per-
tormance OF his duties.
Each officer shall be a shareholder in this
corporation, and shall be elected annually by |
the Board OF Directors and shall serve until |
his successor is elected. However said officers |
shal De or may be subject to removal at any |
time by the Beard OF Directors, for good cause
shown for such removal.
ARTICLE III.
The objects aud purposes for 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 /
leases oil, gas. stone. coal ride. lead, silver
copper. coal, platinum, salt, sulphur and all /
other minerals. and mineral deposits Of what 1
ever character or description, by any process
known to the law. To own and operate mines i
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. tanklng. barreling. ship
ping, and marketing of oil. and all other kinds /
of machinery for the mining. manufacturing /
and marketing of any and all minerals ana 1
mineral deposits. To construct, own and op /
crate electric and any other power plants, and i
to manufacture, buy aud 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 ".
The capital stock Of this corporation shall |
be Twenty-Five Thousand Dollars to be di- |
vid~d into twenty-five 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 Of beginning operations under this |
charter when Three Thousand shares of the /
capital took has been subscribed for.
ARTlcLEv.
The corporate powers OF this cooperation /
shall be vested in Board OF Directors to be i
os five persons, each of whom shall /
be a shareholder, and the majority of said /
Board of Directors shall constitute quorum.
The share holders shall hold regular annual
meetings the time for which shall be desig-
mated in the bylaws of the corporation, aud l
at said meeting. shall elect Board OF Direc-
tors declare dividends or losses, and transact
anv other business that may come before their
meeting.
within seven days after the annual meeting Of
the share holders, and at such meeting shall
elect a President, Vice President, General
Manager Secretary and Treasurer, and such
other officers 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 IL. Mathews,
D. Pace President. l. III. Baldwin, Vice Lresi-
dent and General Manager, and o. U. Payne
Secretary and Treasurer.
In an elections Of directors each share-hol-
der shall be entitled to one vote for every
must be cast by the stakeholder in person, or
by proxy, authorized in any manner that may /
be required by the Board OF Directors, under
their general rules and bylaws, and the ma
iority Of the votes cast shall elect.
The Boa-d Of Directors shall make such by
laws rules and regulations as may be neces-
saay for the proper management OF the busi-
ness of this corporation, and shall change the /
same as they deem best, and shall have the /
bower to provide for, contract debts. borrow |
money issue bills of exchange, executions, or /
mortgages, and hypothecations, and for doing /
ALI other things necessary and incident TO the /
objects and purposes of this corporation, and /
shall have authority to vest the President with /
such Of these powers as they see 1t.
ARTICLE vi.
This charter may be changed, or amended, /
or dissolved. by n majority of the votes OF the
share holders. at a meeting called by the /
Board of Directors for that purpose, should the /
dissolve its affairs shall be liqui-
dated by the Board OF Directors, which is
hereby constituted the Board OF iquidators.
ARTICLE VII.
No shareholder shall in any event be held
liable for the contracts or faults Of this cor
poration beyond that Of any unpaid balance
may be due by him TO the corporation on
shares owned by him.
shares Of stock may be conveyed, sold and
ransfer ed, but the transferree OF said stock
hall not have privilege OF voting with said
took until the transfer Of said stock Is made
IN the books Of this corporation, and any un-
,aid bszznce that may be due thereon paid to
he corporation.
ARTICLE VIII.
The President, or in case Of his inability to