The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-18
CHARTER

l NAolSu -. ACputy AlCI NJ
CHARTER
OF THE WOOLF DRILLING CON-
PANY.
State of Louisiana, Parish of Caddo
Be it remembered that on this 3Ist day
of March 1909, before me, S. L. Herold.
notary public, duly commissioned and
sworn, for and within the Parish and
State aforesaid, personally came and
appeared w. c. Woolf, H. f. lehman,
and w. NJ Palmer, residents of said
Parish and State, and B. G. Dawes and
c. w. Lemon, residents of the State of
Ohio, who stated and declared to me
notary that they have formed and con-
stituted themselves, and do by these
presents form and constitute themselves
into corporation and body corporate,
hereafter become associated with them,
under the terms and conditions herein
after stated, as fully as may be author
lied by the laws of the State of Louis
lana, and have adopted as their charter
and act of incorporation the following,
to-wit:
ARTICLE I.
The name and title of this corporation
shall be "WOOLF DRILLING CON-
PANY," with its domicile in the City
of Shreveport, in said Parish and State,
and all legal process shall be served on
its president, or in his absence, on the
vice president of the company at its
donicile.
ARTICLE II.
The purpose for which this corpora
ton is formed and the nature of the
business to be carried in by it are here
by declared to be to bore, drill and mine
for oil, gas, water or other mineral for
itself or for others; to lease, own or
acquire gas and oil or other mineral
lands; to own, operate and construct
| pipe lines or other means of transpor-
tation and conveyance Of such oil, gas,
water Or other mineral for itself or
Iothers, and to do everything necessary
for itself or for others in boring, drill
ing and mining for oil. gas, water or
other mineral, and the same to dispose
of as it deems best
ARTICLE III.
| The capital stock of the corporation
is hereby fixed at the sum of twenty-five
thousand ($2s.ooooo) dollars, divided
into FIVE hundred (5oo) shares of fifty
dollars each, which shall be paid for in
cash, and it shall commence business
whenever ten thousand dollars of its
capital stock is subscribed for and paid
| in full, and all stock issued by it shall
be fully paid and worcestershire.
| ARTICLE ".
The affairs of this corporation shall
be managed and controlled by a board
TOT directors consisting OF FIVE stock
holders, who shall be elected at a
stockholders meeting duly held at the
office Of the company on the first Mon
day in June of each year, by the stock
holders, at a meeting called for that
purpose, and at all such meetings each
ishare of stock owned or controlled by
him, shall be entitled to one vote, and in
all meetings of the stockholders a ma
fjority of the stock shall control.
Until the election be held in June 1909
1.-THE following persons shall constitute
1.-THE board of directors of this corpora
ltion, to-wit: w. c. Woolf, president and
secretary; c. W. Lemon, vice president
and treasurer; H. e. Lehman, B. G..
Dawes and w. NJ. Palmer, who shall
hold their Offices ,ntil their successors
lare duly qualified. Any vacancy occur
ring in the board of directors shall be
filled By an election by said board Of a
stakeholder for the unexpired term.
ARTICLE v.
This corporation shall have and enjoy
succession for the period of fifty years
unless sooner dissolved, and whenever
dissolved for any cause, either by linn
itation or by vote Of the majority of the
lstockholders at meeting called for that
purpose after ten days written notice
Ito each stockholder, its affairs shall be
Iliqmdated and settled by one or more
|liquidators elected for that purpose, who
[shall give such bond and security and
perform such duties as may be pre-
scribed by said stockholders. Provided
4 that whenever not otherwise provided
BY the laws of this State. the stockhold-
ers may waive notice of any meeting Of
(stockholders and the same may be held
at less than ten days notice thereof
ARTICLE VI.
This corporation shall have and enjo,
lall and any Of the rights and privileges
tconfefred OF authorized BY the laws 81