The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-08-13
CHARTER
|, louisiana Oil and Mineral
Company, Limited.
of the

~OHIpOhy AhN~os
State of Louisiana, Before me, H. H.
Parish of Bossier. Montgomery, a
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
corporation under the laws of Louisiana,
and that they do hereby form themselves
and their successors into corporation
and constitute same in compliance with
the provisions and subject to the restrlc-
tons OF the laws OF the State OF Louis
lana governing corporations and under
the provisions of the articles Of incorpo-
ration hereinafter set forth.
ARTICLE l,
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 OTIS: .;s2 acquire,
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 is
/ a., RI L1 (Nitxv nf pla1n
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 il 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 sucn 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.. I. 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 OF
sub-o officers as the interest of the corpo-
ration may require, and make and estab.
lish bylaws as may be necessary anC
proper for the management and regula.
ton OF the affairs of the corporation. L
any vacancies occur among the officers
or directors, the remaining directors may
select stockholders to ill the same. The
Board of Directors shall have the power
to borrow and lend money; to issue bills
of exchange, notes, bonds, drafts ane
other negotiable paper; execute mort.
cages and generally to do all things in.
cident to the objects and purposes O.
this corporation.
ARTICLE V,
The capital stock Of this corporation
shall be 100000, divided into 1O,OOt
shares of the par value OF $40 each. Thi!
stock shall be paid for in cash, or it,
equivalent, at the time of its subscrip.
ton, unless other terms are allowed by
the Board Of Directors. At least 3O(
shares at the par value Of $1,000 shall b.
subscribed and paid for before this cor.
poration shall commense business. NJ
stakeholder shall be liable for more thar
the unpaid balance on the stock sub.
scribed for by him, nor shall any mere
informality in organization have thu
effect of rendering the charter null or O.
exposing a stakeholder to any liability
beyond the amount of his stock.
ARTICLE VI.
The directors shall be elected by ballo
at the regular meeting annually called
Tor that purpose, or any meeting ad.
jOurned from the same. At all stock.
holders meetings each share of stocl
snail be entitled to one vote; stock.
holder may vote by proxy; majority O.
the stockholders shall constitute
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 fol
that purpose on the demand of the ma.
jority OF the stockholders, may modify
change, alter or amend or dissolve thu
corporation, with the assent of three.
fourths Of the stock. This shall no
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, majority of the stock present shall
select three liquidators at the meeting
SO determining, and shall provide fol
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: D. Fhhh T..
w. F. BELL.
S. H. COCHRAN.