The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-05
CHARTER
OF THE .HANSZEN OIL G2M.
PARY.

and sworn, on this day came and ap-
peared the several persons whose names
are hereunto subscribed, who declared
that they have formed and do hereby
form themselves into body corporate
under the laws of the State of Louis
lana, and particularly under Act III of
the General Assembly of 1882 regarding
the formation of mining corporations,
for the objects and purposes and under
the conditions as follows, to-wit:
ARTICLE I.
The name and style of this corpora
ton shall be HANSEN OIL COM
PANY, and under said name and style
it shall have and enjoy all the rights
grained to corporations under the laws
of the STATE of Louisiana, and shall have
and enjoy corporate existence for a pc
Rod of ninety-nine years from the date
hereof, as hereinafter provided, unless
sooner dissolved under the provisions of
the laws of the State of Louisiana, to-
gether with the power to have and to
use a corporate seal. and same to make,
alter or break at its pleasure.
ARTICLE II.
The domicile Of this corporation is
hereby fixed in the City of Shreveport,
Caddo Parish, Louisiana, where all
legal process shall be served in the
manner provided by law, upon the pres
ident, or in his absence on the vice pres
ident, or in the absence of the vice pres
ident, at the office of the said corpora
ton as provided by the statutes of this
State.
ARTICLE III.
The objects and purposes of this cor
poration are hereby declared to be the
carrying on of a general mining bust
ness, to-wit: The acquisition of lands
and leases and other property, whether
in Louisiana or elsewhere, for the pur
pose of drilling, mining, boring Or ex-
ploring thereon for oil, gas and other
minerals. And to this end, this corpora
ton, shall have and enjoy the rights to
acquire, purchase, lease, suitcase, sell
and otherwise acquire and ALLEVIATE,
property, real, personal and mixed, and
to mortgage, pledge, pawn and other
wise hypothecate said property for the
purpose of borrowing money or for such
other purpose as in the discretion of the
board of directors may be proper.
ARTICLE ".
The capital stock of this corporation
is hereby declared to be fifty thousand
($5o,ooooo) dollars, to be divided into
FIVE hundred shares of one hundred dol
lars each. This stock may be issued
either for cash or for property, labor or
services purchased by or advanced to
said company, and the judgment of the
board of directors as to the value of the
property, labor or services SO taken,
shall be conclusive, provided that no
stock shall be issued at less than par.
This corporation is authorized to com
mence business whenever fifty shares of
its capital stock shall have been sub
scribed and paid for in full. Each share
of stock shall be entitled to one vote at
all meetings, to be cast in person or by
proxy.
ARTICLE "
The corporate powers of this cor
poration are hereby declared, except as
may be hereafter stipulated, to be vested
in and exercised by board of directors
composed of three stockholders, which
said board shall be elected annually by
the said stockholders on the first Mon
day of May of each year hereafter. The
first board of directors, who shall serve
until their successors are elected and
qualified, are hereby declared to be l..
Hansen, Eugene Hansen and Sam W..
Mason. In case of the death or resig
nation of any of the directors, his suc-
cessor shall be chosen by the remain
ing directors. Two directors shall con-
stitute quorum for the transaction of
business.
ARTICLE VI.
The officers of this corporation shall
consist of president, vice president
and secretary. The president shall, in
addition to the duties usually pertain
ing to that office, also exercise the du
ties of the treasurer, and in addition
thereto shall have full power and au-
thirty to enter into and execute all
contracts of any nature which he may
see fit and to make such purchases,
sales, leases, sub-leases as in his judg-
ment may be proper, without authority
from the board of directors, the power
being hereby conferred on the president
by the incorporators of this company to
iperform all such duties and with full
discretion in the premises until such
power shall have been revoked by the
board of directors. The officers of the
corporation shall be elected by the board
of directors, and the first officers, who
L IL