The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-08-06
CHARTER
.-Of the
Louisiana Oil and Mineral
Company, Limited.


Company, Limited.
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, III the
presence of the attesting witnesses, that
thew desired to form ard constitute a
corporation under the laws OF louisiana,
and that they DO hereby form themselves
and their successors into a corporation
and constitute same in compliance with
the provisions and subject to the restrlc-
tions 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 1.
The name vi this corporation shall be
LOUISIANA Oh AND MINERAL COMPANY,
Limited, and by this name 1t 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 ot!., ~, sc 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
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 it 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 III a 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 year. The
| first Board of Directors shall be as fol-
lows: G. Z. Mays, J. f. Honeycutt ano
J. Perry, with G. 7. Mays, President;
J. r. Honeycutt, Vice-President, ano
J. Perry, Secretary and Treasurer. AL
officers and directors shall serve unit
! 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 Officers as the interest OF the corpo'
ration may require, and make and estab'
lish bylaws as may be necessary ane
proper for the management and regula.
ton of the affairs of the corporation. L
any vacancies occur among the officer.
or directors, the remaining directors may
select stockholders to fill the same. Tit
Board of Directors shall have the power
to borrow and lend money; to issue bill'
of exchange, notes, bonds, drafts an(
other negotiable paper; execute mort
cages and generally to do all things in
cident to the objects AID purposes o
this corporation.
ARTICLE V.
The capital stock Of this corporation
shall be 100000, divided into fo,W
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 b,
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. n,
stakeholder shall be liable for more thai
the unpaid balance Oh the stock sub
scribed for by him, nor shall any mer
informality in organization have tn
effect Of rendering the charter null or o
exposing a stakeholder to any liabilit,
beyond the amount of his stock.
ARTICLE VI.
The directors shall be elected by ballo
at the regular meeting annually Gale.
for that purpose, or any meeting ad
journed from the same. At all stock
IOidSiS IlcCUlIiS,o CttCli Sild!C VI StOCl
shall be entitled to one vote; stock
holder may vote by proxy; majority O
the stockholders shall constitute
quorum; a majority OF the stock presen
shall elect the directors; special meet
ings may be called at the will of tn
Presidents; the stockholders of this cor
poration, at general meeting called TO
that purpose on the demand Of the ma
jority Of the stockholders, may modify
change, alter or amend or dissolve tn
corporation, with the assent of three
fourths of the stock. This shall no
apply to increasing or decreasing tn
capital stock, which is done unde
special laws. Five days written motto
OF any meeting shall be given by tn
Secretary. If dissolution be determine,
on, a majority of the stock present shall
select three liquidators at the meetin,
so determining, and shall provide TO
filling any possible vacancies anon,
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 hav
hereunto set their names.
G. T. MAYS.
J. r. HONEYCUTT.
Witnesses: - Emil
w. F. BELL.
S. H. COCHRAN.
H. H. MONTGOMERY,