The southern sentinel., 1908-08-28
CHARTER
OF THE
CENTRAL OIL COMPANY
state Of Louisiana,
Parish of Winn

State Of louisiana,
Parish of VIM
Be il remembered: That ON this the 2sth
day of July, A. ID. 1905, before me Harry =.
Gamble. Notary Public, duly commissioned
and qualified in and for the Parish of winn,
uesses hereinafter named and undersigned
personally appeared L. ii. Baldwin. j. ID
race, w. A. Strong, o. u. Payne and John ii.
Mathews, who declared that availing 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
as such other persons as may hereafter be-
come associated with them to form and con-
sutute n corporation. body polite in law.
Tor the purposes and objects and under the
stipnlations and provisions hereinafter set
form, which they hereby accept as their char
ter, to wit:
ARTICLE !.
The name ard 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, pledge, mortgage,
aud hypethecafe under its said corporate
name. property real, personal or mi!ed; and
to name and appoint such officers, directors,
agents and managers or employees, to make
and establish bylaws. rules and regulations
Tor the proper management and regulation oi
proper to carry out the objects and purposes
OF this corporation, and The same TO reason
ably change or alter at pleasure. To do any
and all other acts and things not contrary to
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 . period Of
nfuefu- nina frnu and he Aafn
hereof.
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 on
GERS, on the Secretary, at the domicile and
ONCE Of this corporation.
President, Vice President, General Manager,
Secretary and Treasurer; but the ofices Of
Vice President and General Manager may be
nlled by one and the same person and the on
ces Of Secretary and Treasurer may also be
filed by ON and the same person. The Trea-
surer. II the Board Of Directors shall 30 re-
quire, shall give bond In Q sum to be determ-
ined by the said Board. for the faithful; per-
Each ofiicer shall be . share holder in this
and shall be elected annually by
the Board Of Directors and shall serve until
shall be or may be subject 10 removal at any
time by the Board OF Directors, for good cause
shown for such removal.
AKTIcLE III.
The objects and purposes for which this cor
poration Is organized and the nature of the
business TO be carried on by 1t 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 zidc, lead, silver,
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.eleyators
and refneries. in short any and all kinds and
character OF machinery, for the boring, pump
ing, refining, piping. tanking. barreling. ship
ping. and marketing Of oil. and all other kinds
Of machinery for the mining, manufacturing
and marketing Of any and all minerals and
deposits; 10 construct, own and op,,
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,
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.
yid@d into twenty-five thousand shares OF One
Dollar each which said shares are to be paid
for in cash or its equiyelent 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.
ARrlcLRv
The corporate powers of this cooperation
shall be vested in a Board OF Directors TO be
os Eve persons. each OF whom shall
be . shareholder, and the majority Of said
Board Of Directors shall constitute . quorum.
The share holders shall hold regular annual
the time for which shall be desig-
mated in the bylaws OF the corporation, aud
y SAID meeting. shali eisc, "a = Board Of Dire.
any other business that may come before their
The ssid Board Of Directors sail meet
the share holders, and at such meeting shall
elect Q President, Vice President, General
Manager, Secretary and Treasurer, and such
other ofRcen - they may deem necessary TO
% The ar frsf Board Of directors, however, are
declared 10 be L. H. Baldwin, J. ID. Pace, W. A.
Strong, o. u. Payne and John II. Mathews, J.
?. Pace Presidep,;A I'LL I. y. B.'dSi1, vice Lresi.
and Treasurer.
In an elections Of directors each share-hol-
der shall be entitled to one vote for every
q :of 9;s ss y Ss:s vote:
By proxy. authorized In any manner that may
Be- required BY the Board Of Directors, under
heir ReDeral rules and oy-l4Wo, ana the ma
Iority of the votes cast shall elect.
The Boa.d Of Directors shall make such by
Iaws rules and regulations ~ may Be nsces-
uaay for the proper management OF the bosi-
ness Of this corporation, and shall change the
uame - they deem best, and shall have the
POWER 20 provide for, contract debts. borrow
money, issue bills Of exchange, executions, or
mortgages, and hypothecations, and for doing
III other things necessary and incident 70 the
Dbiects and purposes Of this corporation. and
hall have authority TO vest the President with
Iuch Of these powers - they see nt.
This charter may be changed. or amended,
,r dissolved. BY majority Of the votes Of the
ct . meeting called by the
Board Of Directors for that purpose, should the
corporation dissolve its af1airs shall be licui-
lated By the Board Of Directors, which 10
hereby constituted the Board Of liquidators-
~ kRTlCLB VII.
No shareholder shall In any event be held
,sble for the contracts or faults Of this cor
,orstion, beyond that Of any unpaid balance
hat may Be- due by him 70 the corporation ON
shares Of stock may be conveyed, sold ssd
rsusfer ed, but the fransferree OF said stock
hall not have privilege OF voting with said
took until the transfer Of said stock IL made
N the books Of this corporation, and any un-
aid balance that may be due thereon paid 10
he corporation.
ARTICLE VIII.
The President, or In case of his inability to
ct the yice-President shall give each share