The Caucasian. (Shreveport, La.) 1900-192?, 1909-05-30
CHAR Err
OF THE WOOLF DRILLING COM
PANY.


notary public, duly commissioned ant
sworn, for and within the Parish and
State aforesaid, personally came and
appeared w. c. Woolf, H. T. Lehman
and w. M. Palmer, residents of said
Parish and State, and B. G. Dawes and
c. w. Lemon, residents Of the State oil
Ohio, who stated and declared to me
notary that they have formed and con-
sfituted themselves, and do by these
presents form and constitute themselves
into corporation and body corporate,
as we'll as such other persons as may
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 /.
The name and title of this corporation
shall be "WOOLF DRILLING COM
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
domicile.
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 transport
tation and conveyance of such oil, gas,
water or other mineral for itself or
others, 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 ($a5,oooool dollars, divided
into FIVE hundred (5oe) 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 non assessable.
ARTICLE ".
The affairs of this corporation shall
be managed and controlled by board
of directors consisting of FIVE stock
holders, who shall be elected at al
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
share of stock owned or controlled by
him, shall be entitled to one vote, and in
all meetings of the stockholders ma
iority of. the stock shall control.
Until the election be held in June 1909
he following persons shall constitute
he board of directors of this corpora
ion, to-wit: w. c. Woolf, president and
secretary; c. w. Lemon, vice president
ind treasurer; H. E. Lehman, B. G.
Dawes and w. M. Palmer, who shalt
lo1d their offices until their successors
ire duly qualified. Any acancy occur
ing in the board of directors shall be
lied by an election by said board Of |
tockholder for the unexpired term.
ARTICLE v.
This corporation shall have and enjoy
uccession for the period OF fifty years
Unless sooner dissolved, and whenever
dissolved for any cause, either by lin
latron Or by vote of the majority of the
tockholders at a meeting called for that
urpose after ten days written notice
. each stakeholder, its affairs shall be
quidated and settled by one or more
quidators elected for that purpose, who
4
hall give such bond and security and
erform such duties as may be pre-
cr1bed by said stockholders. Provided,
nat whenever not otherwise provided
y the laws of this. State, the stockfo1d-
rs may waive notice OF any meeting of
and the same may be held
less than ten days notice thereof.
ARTICLE VI.
This corporation shall have and enjoy
j and any of the rights and privileges
inferred or authorized by the laws of
'e State of Louisiana, and no stock
older shall ever be held liable or re-
'onsible for the contracts or the faults
Iereof in any further sum than the un-
lid balance due on his stock, and no ,
ere informally shall have the effect :
rendering this charter null or Of ex- :
'sing any stakeholder to any greater
ibility than the unpaid balance due on
S stock.
in testimony whereof said parties
I'VE hereunto affixed their names in the
essence OF me notary and the under