The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-09
CHARTER
OF THE ECONOMY CRUDE OIL
BURNER COMPANY.

dIlu dJpCdlCu j. w tAthil1, y H. 4AAIN1hA9t
w. B. Mccormick, S. H. Bolinger and
| J. D. Wilkinson, residents of said par
ish and State, who stated and declared
to me, notary, that availing themselves
of the constitution and laws of the
State of Louisiana relating to the for
nation of corporations, they have
formed themselves, as well as such 9TH
ers as may hereafter become associated
with them into a corporation and body
corporate and have adopted as their
charter and act of incorporation the
following, to-wit:
ARTICLE |.
The name of this corporation shall
be the ECONOMY CRUDE OIL
BURNER COMPANY" with its dom
icile at the City of Shreveport in said
parish and State, and under said cor
porate name it shall have and enjoy the
right of succession for period of fifty
years unless sooner dissolved as here
matter stipulated. All legal process
shall be served on the president or in
his absence on the vice president of the
corporation at its domicile.
ARTICLE II.
The purposes for which this corpora
ton is formed and its objects are here
by declared to be to make, manufacture,
lease and sell crude oil burners and to
dispose of, sell and transfer contracts
for the sale of such burners to other
persons in certain territory, and to that
end to acquire, own and control, either
by purchase, lease or otherwise patents
and patented improvements to such
burners, or other contrivance, and the
same to lease and dispose of under
such terms and conditions as it may
deem best; to buy, acquire, own and
sell any and all kinds of oil, storage
tanks for storing the same, pipe lines
or distributing systems, with the right
to distribute oil to consumers under
such terms and conditions as its board
of directors may determine, with the
right to do business i'll the State of
Louisiana or any other State or foreign
country permitting such business as
herein contemplated, subject to the con-
ditions of their said laws, with right to
comply with the terms and conditions.
of the laws of such States or foreign
countries by appointing agents or other
/ persons on whom process may be
served.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of FIVE thous-
and dollars, divided into fifty shares of
one hundred dollars each, and it, shall
commence business and become a going
concern whenever its said capital stock
is subscribed for and paid in full, and
all stock issued by it shall be for cash,
services rendered of property at the
discretion Of the boar dof directors, and
when issued all stock shall be fully paid
and worcestershire for any cause.
ARTICLE ".
The affairs of this corporation shall
be managed by a board of directors
consisting of FIVE stockholders three of
whom shall constitute quorum, who
shall be. elected annually on the first
Monday of each year, and all members
Of the board of directors shall hold Of
fee until their successors are elected
and installed, and in the event of va
cancy in such board the remaining di-
rectors shall elect another stakeholder
to serve out the unexpired term. Until
the election in January IoIf the follow
ing stockholders shall constitute the
board of directors, viz: ]. w. Atkins,
who shall be president; w. B. McCor-
mick, who shall be vice president; ]. B.
Atkins, secretary and treasurer, and S.
H. Bolinger and ]. d Wilkinson. The
said board of directors shall have pow
er and authority to make srch rules
regulations and adopt such bylaws as
to them seems best, and the same to
change or alter at pleasure, and shall
have power to employ and discharge at
pleasure any agents, clerks or other as
sistance necessary.
ARTICLE v.
This charter may be amended, altered
or abolished at a stockholders meeting
called for that purpose after thirty days
written notice mailed to each stockhold-
er at his ordinary postoffice address and
with ike published notice in the manner
required by law; in all stockholders
meetings each stakeholder shall be en-
titled to one vote, either in person or
by proxy for each share of stock
owned or controlled by him. Whenever
this corporation is dissolved. either by |
limitation or otherwise, its affairs shall
be liquidated by two liquidators elected /
by the stockholders who shall give such
bond and perform such services as the
stockholders may determine.