The southern sentinel., 1908-08-21
CHARTER
OF THE
CENTRAL OIL COMPANY
state of Louisiana
Parish of winu.

State of Louisiana
Parish of Winu.
BE II remembered: That ON this the 18th
day of July, 4. D. 1905, before me Harry 4.
Gamble, Notary Public, duly commits stoned
and qualified in and for the Parish Of Winn,
Louisiana, and in the presence of the wit
personally appeared L. H. Baldwin. j. ID
Pace. w. A. Strong, o. U. Payne and John II.
Mathews, who declared that ayailing them
selves of the laws of the State of Louisiana,
relative to corporations, they have covenant
ed and agreed, and by these present do COW
enant and agree and bind themselves. as well
come associated with them TO form and con-
stitute corporation. body polite in law,
for the purposes and objects and under the
forth, which they hereby accept as their char
ter, to wit:
ARTICLE I.
The name and title of this corporation shall
be. THE CENTRAL OIL COMPANY, and its
domicile is hereby fixed and established at
WINFIELD, Winn Parish, Louisiana, and under
its corporate name the said corporation shall
have power and authority to contract, sue
and be sued; to make and use a corporate seal,
and the same TO break and alter at pleasure;
to hold, receive have. purchase, improve, alien
ate; convey, sell, borrow pledssi moTtsase, =
name, property real, personal or mixed; and
to name and appoint such officers, directors,
agents and managers or employees, TO make
and establish bylaws. rules and regulations
| for the proper management and regulation oi
its affairs may be deemed necessary and
proper to carry out the objects and purposes
of this corporation, and Nhe same 70 reason
ably change or alter at pleasure. To do any
| and all other acts and things not contrary to
law, and as shall OF may be necessary and
proper to carry out the objects and purposes OF
this corporation. Said corporation, unless
| sooner dissolved by Q majority OF the stock
| holders, shall have existence for q period OF
ninety 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 be
| 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 oficers of this corporation shall be
President, Vice President, General Manager,
Secretary and Treasurer; but the Offices of
Vice President and General Manager may be
| filed by one and the same person, and the Off
ces Of Secretary and Treasurer may also be
filed 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 by the SAID Board, for the faithful per-
formance OF his duties.
Each ofiicer shall be 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
shall be or may be subject to removal at any
time by the Board OF Directors, for good cause
shown for such removal.
| ARTIcLR III.
The objects and purposes for which this Cor
poration 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,
copper. coal. platinum, salt. sulphur and all
other minerals and mineral deposits of what
ever character or description, by any process
drills. pump and mining machinery Of every
form and character, pipe lines, tanks. elevators
! and refneries. in short any and all kinds and
character OF machinery. for the boring. pump
ping, and marketing OF oil. and all other kinds
Of machinery for the mining, manufacturing
and marke ting Of any and all minerals and
crate electric and any other power plants, and
TO manufacture. buy and 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 d.
/ yided into twenty-five thousand shares Of One
Dollar each, which said shares are TO he paid
issued and this corporation shall have the
| privilege Of beginning operations under this
charter when Three Thousand shares OF the
capital tock has been subscribed for.
AkrIcLRv.
The corporate powers OF this cooperation
shall be vested in q Board of Directors TO be
composed os Eve persons. each Of whom shall
be a shareholder, and the majority of said
Board Of Directors shall constitute . quorum;
meetings, the time for which shall be desig-
mated in the bylaws OF the corporation, aid
at said meeting. shall elect Board OF Direc-
tors declare dividends or losses, and transact
any other business that may come before their
The ssid Board Of Directors sail meet
within seven days after the annual meeting Of
the share holders, and at such meeting snail
elect o President. Vice President, General
Manager, Secretary and Treasurer. and such
other officers ~ they may deem necessary TO
serve for the ensuing year.
The drst Board OF Directors, however, are
declared to be L. II. Baldwin, j. ID. Pace, W. A.
Strong. @ Y: Payne and ySnn 1a;n d Mathews, v.n =
dent and General Manager, and o. y. Payne
Secretary and Treasurer.
In all elections OF directors each snare-hol-
share OF stock held by him, and these votes
must be cast by the stock-holder In person, OF
BY proxy, authorized in any manner that may
| be REQUIRED by the Board Of Directors, undel
their reneral rules and bylaws, and the ma
iority OF the votes cast shall elect
The Bos,d of Directors shall make such by
nav for the proper management Of the busi
ness Of this corporation, and shall change th,
same IS they deem best, aud shsl have ths
power 10 provide for, contract debts. borrow
money, issue bills Of exchange, executions, ol
mortgages, and hypothecations. and for doinl
all other things necessary and incident TO III,
objects and purposes of this corporation, and
shall have authority to vest the President with
such of these powers as they see 1t.
!; This charter may be changed. or amended
or dissolved. by q majority of the votes OF thu
| share holders, st q meeting called by ths
Board Of Directors for that purpose, should the
Corporation dissolve its Affairs shall be liqui
|, dated by the Board Of Directors. which Il
| hereby constituted the Board OF liquidators-
ARTICLE VII.
No shareholder shall In any event be held
liable Tor the contracts or faults OF this cor
| poratiop beyond that Of any unpaid balance
tat may be due by him TO the corporation on
shares owned by him.
Shares Of stock may be conveyed, sold and
transfer ed, but the transfsrree Of said stocl
shall not have privilege OF voting with said
| stock until the transfer OF said stock In made
on the books Of this corporation, and any un-
paid balance that may be due thereon paid 4
the corporation.
/ ARTICLE VIII.
The President, or In case Of his inability t<
act the Vice President shall give each share