The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-20
CHARTER
OF THE ECONOMY. CRUDE OIL
BURNER COMPANY.


L, Alexander, a notary public in and
for said parish and State, duly com
| missioned and sworn, personally came
and appeared J. w. Atkins, J. B. Atkins,
W. B Mccormick, S. H. Bolinger and
]. D. Wilkinson, residents Of said par
ish and State, who stated and declared
to me, notary, that ayailing themselves
Of the constitution and laws Of the
State of Louisiana relating 10 the for
nation of corporations, ffaey have
formed themselves, as well es such 9TH
ors as may hereafter become associated
with them into corporation and body
corporate and have adopted ss their
charter and act OF Incorporation tie
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 Atty
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 eontriyance, and the
same to lease and dispose Of under
such terms and conditions as il may
deem best; 10 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 in 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 ii shall
commence business and become going
concern whenever its said capital stock
is subscribed for and paid in full, and
all stock issued by it shall be for eash,
services rendered or property at the
discretion OF the boar dof directors, and
when issued all stock shali be fully paid
and worcestershire for any eaHse.
ARTICLE ".
The affairs Of this corporation shall
be managed by board of directors
consisting of FIVE stockholders, three Of
whom shall constitute q 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 stockholdef
to serve out the unexpired term Until
the election in January 1911 the follow.
ing stockholders shall constitute tf1t
board of directors, viz. J. w. Atkins
who shall be president; w. B. McCor.
mick, who shall be vice president; ]. B
Atkins, secretary and treasurer, and 5
H. Boiinger and ]. d. Wilkinson. The
said board of directors shall have pow.
er and authority TO make such rules
regulations and adopt such bylaws a:
tosthem seems best, and the same tc
change or alter at pleasure, and shall
have power to employ and discharge a
pleasure any agents, clerks or other as
sistance necessary.
| ARTICLE v.
This charter may be amended, alteret
or abolished at stockholders meeting
called for that purpose after thirty day
written notice mailed 20 each stockhold
er at his ordinary postofRcc address am
with like published notice in the mamie
required by law; in all stakeholder
meetings each stockholder shall be en-
titled to one vote, either in person D
by proxy, for each share OF stoel
owned or controlled by him. Wheaeve
this corporation 10 dissolved either b.
limitation or otherwise, It's affairs shsl