The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-07-23

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JRNtR CO., 65-u Ivy ST., Atlanta, Ga
CHARTER
of the
Louisiana Oil and Mineral
Company, Limited.
State Of Louisiana, Before me. Hu
Parrish Of Booster. Montgomery
Notary Public in and for Bossier Par;.sh
La, at my Office in the City OF Pla;5
Dealing, La, came and appeared on ~
date hereinafter written, the follow;rr.
persons: G. T. Mays, j. r. Honevcrst
and ]. Perry, who declared to me. il ~
presence of the attesting witnesses, thss
they desired to form and constitnta &C.
corporation under the laws of Louisiana
and that they do hereby form themselvass
and their successors into a corporat;on
and constitute same in compliance with
the provisions and subject to the restr;a1
tions OF the laws of the State of I,on;s-
lana governing corporations and nnder
the provisions of the articles of incorno-
ration hereinafter set forth.
ARTICLE /.
The name of this corporation shall i.
LOUISIANA OIL AND MINERAL COMPANY
Limited, and by this name it shall
have power and authority to have ana
enjoy succession for the period of ninetu-
nine years; to contract, sue and be sned
to make and use corporate seal AM
the same to break, alter and amend 81
pleasure; and under this name to hold
receive, purchase and otherwise aconiro
to own, convey, sell or otherwise disnosa
OF, to lease, pledge, mortgage or other
wise hypothecate property, real. ner.
sOnal and mixed.
ARTICLE II.
The domicile of this CORPORATION /.
declared to be in the City of plain
Dealing, La.
ARTICLE III.
The nature of the business to he car
rled on and the purposes for which this
corporation is established are as follows.
10 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. q
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 De done in furtherance of such objects
and purposes.
| ARTICLE Nv.
| The corporate powers of this corDora-
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 81
each. Elections shall take place on tie
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 G. T. Mays, President.
J. r. Honeycutt, Vice-P President, and
j. Perry, Secretary and Treasurer. All
officers and directors shall serve until
their successors are elected. Service II
all legal processes shall be made on the
President, or in his absence, at the ofIico
OF the company. The Board OF Director
may appoint such managers, agents o.
sub-o officers as the interest Of the corpo-
ration may require, and make and estab-
llsh bylaws as may be necessary and
proper for the management and regula-
ton OF the affairs of the corporation. Il
any vacancies occur among the oficora
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 81
this corporation.
! ARTICLE v.
The capital stock of this corporation
shall be 100000, divided into 10O00s
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 So, 600 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 sub
scribed for by him, nor shall any mere
lnformality in organization have the
effect OF rendering the charter null or 81
exposing a 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
for that purpose, or any meeting adj
ljourned 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 i
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 corr
poration, at general meeting called tor
that purpose on the demand Of the ms
jority of the stockholders, may modify,
change, alter or amend or dissolve tho
corporation, with the assent of three
fourths Of the stock. This shall not
!; lapply to increasing or decreasing the
capital stock, which is done under
special laws. Five days written notes
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 tor
filling any possible vacancies among
said liquidators.
In testimony of above articles Of in
Incorporation, in the presence OF the at
testing witnesses and before me, Notary,
the above named incorporation have
ihernnntO set their names