The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-25
CHARTER
OF THE WOOLF DRILLING COM
PANY.

| State OF LOUISIANA. PARISH OF tadJe
BE it remembered that on this 3Ist day
of March 1909. before me- S. l.. Herold.
a notary public, duly commissioned and
sworn, for and within the Parish and
State aforesaid. personally came and
appeared W. C. Woolf. H. T. Lehman.
and W. NJ Palmer. residents Of said
Parish and State. and 3. G., Dawes and
G. w. Lemon, residents of the State of
Ohio. who stated and declared to me
notary that they have formed and con
st,tuted themselves, and do by these
presents form and constitute themselves
into a corporation and body corporate,
as we'll as such other persons as may
hereafter become associated with them,
under the terms and conditions hereiu-
after stated, as fully rs may be author
lzcd by the laws of the State of Louis
lana. and have adopted as their charter
and act of incorporation the following.
to-wlt:
ARTICLE J.
The name and title of this corporation
shall be "WOOLF DRILLING COM
PANY." with its domcile 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 IT,
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
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 ($2s,ooo.oo) dollars. divided
into five hundred $500 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 board
of 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 eacl,
share of stock owned or controlled by
him. shall be entitled to one vote. and in
all meetings of the stockholders a ma
jofity of the stock shall control.
Until the election be held in June 1909
the following persons shall constitute
the board of directors of this corpora
ton. to-wt w. c. Woolf. president and
secretary; c. w. Lemon, vice president
and treasurer; H. F. Lehman. B. G.
Dawes and w. NJ. Palmer, who shall
hold their offices ;ntil their successors
are duly qualified Any vacancy occur
ring in the board of directors shall be |
filed by an election by said board of a
for the ,nexpired 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
at meeting called for that
purpose after ten days written notice
to each stakeholder, its affairs shall be |
liquidated 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, |
that whenever not otherwise provided |
by the laws of this State, the stockho1d-
ers may waive notice of any meeting of
and the same may be held
at less than ten days notice thereof
ARTICLE vi.
This corporation shall have and enjoy
all and any of the rights and privileges
conferred or authorized by the laws of
The State of Louisiana, and no stock
holder shall ever be held liable or re-
sponsible for the contracts or the faults
thereof in any further sum than the I'M
paid balance due on his stock. and no
mere informally shall have the effect
Of rendering this charter null or of ex-
posing any stakeholder to any greater
liability than the unpaid balance due on
1is stocL