The Caucasian. (Shreveport, La.) 1900-192?, 1910-12-18
CHARTER
OF THE OIL FIELD LUMBER
COMPANY.

CO4hA INV L.
United States of America, State OF
Louisiana, Parish of Caddo: Be it
known that on this the 9th day of De
cember 1910, before me, Frank A. Blan-
chard, a notary public in and for the
said parish and State, duly commits
stoned and qualified, on this day person
ally came and appeared B. II. Bolinger,
s. H. Bolinger and B. B. Terry, each of
whom declared to me in the presence of
the hereinafter named and undersigned
competent witnesses, that availing them
selves of the laws of the State of Louis
lana, they do hereby organize themselves
into and create corporation, and adopt
the following articles as the charter
thereof to govern themselves and such
others as may become associated with or
succeed them.
ARTICLE |.
The name and title of said corpora
ton is THE OIL FIELD LUMBER
COAPANY.
ARTICLE II.
Its domicile is declared to be in the
City of Shreveport, Parish of Caddo,
State of Louisiana.
ARTICLE III.
The duration of said corporation shall
be a period of ninety-nine years from
the date hereof.
ARTICLE ".
The purposes for which said corpora
ton is established and the nature of the
business to be carried on by it are: To
operate and maintain lumber yards at
Mooringsport, Louisiana, and other
places in Louisiana, as may be deemed
advisable; to retail and wholesale tim
Der, lumber, ties, slaves and such other
wood products that may be manufac-
tured; to manufacture, buy, sell, lumber,
to buy, build, and operate saw and plan
ing mills, plants railroads, telegraph and
telephone lines, to conduct a general
merchandise business, and to do all
things connected with Or incident to any
or all of said purposes.
ARTICLE V.
Every citation or other legal process
shall be served upon the president, and
in his absence on the secretary treasurer.
ARTICLE VI.
The amount of capital stock of this
corporation, which this corporation is
authorized to issue is ten thousand dol
lars ($1o,ooooo) divided into two hun
dred shares of the par value of fifty dol
lars ($5o.oo) each. This corporation is
authorized to commence business as
such when one hundred and twenty
(12o) shares of its capital stock shall
have been subscribed and paid for. No
certificate of stock shall be issued until
full payment is made therefor, which
may be by money, property, services or
any other valuable consideration moving
to said corporation; and a resolution of
the board of directors of this corpora
ton that the consideration given for any
stock is fair and adequate shall be con-
elusive evidence that it is such; but no
stock shall be issued for less than the
par value thereof The remaining stock
shall be placed on the market at such
times and in such blocks as the major
ity of the stockholders deem for the best
interests of the corporation, the existing
stockholders in all cases being allowed
sixty days within which to purchase the
same at par in tire proportion OF their
holdings by preference over all other
purchasers.
ARTICLE VII.
The board of directors of this corpor-
alton shall be composed of not less than
three stockholders, who shall be elected
at each annual meeting of the stock
holders for the ensuing year; the board
of directors shall have authority to adopt
set of bylaws for the regulation of
the business of this corporation, to
adopt corporate seal, to hypothecate
or dispose of any portion of the prop
erty of said corporation for such con-
sideration and on such terms of pay
ment as it may deem advisable; to direct
and control the officers and employees of
the corporation; to pass all rules and
regulations which it may deem necessary