The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-03
CHARTER
or THE INDUSTRIAL OF COM
PANY.


State Of Louisiana. Parish Of Caddo
Before me the undersigned authority,
on this day came and appeared the sew
erai persons whose names arc hereto
Subscribed. who declared that they do
hereby form a corporation, under the
laws Of the State Of Louisiana for the
ebit and purposes and under the
stipuqations following, to-wit:
ARTICLE I.
The name Of this corporation shall be
the INDUSTRIAL OIL COMPANY,
with its domieile in the City of Shreve-
port, Caddo Parish. Louisiana, and TIN
der its said corporate name it shall have
and enjoy succession for a period OF
fifty (so) years, unless sooner dissolved
as hereinafter specified All legal pro
cess shall be served on the president, or
in his absence at the Office Of the COM
pany, according 10 law.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on
are as follows. The purchasing and sell
ing Of real estate and oil lands. To de-
ve1op oil gas or other minerals on any
property owned, leased or controlled by
il or others in the State of Louisiana,
or elsewhere in the United States To
drill wells and sell the prodution there
of, and generally TO do any and all
things necessary to be done in the fur
theranee of such objects and purposes.
ARTICLE III,
This corporation shall have power to
contract, sue and be sued to make and
use a corporate seal and the same TO
alter at pleasure. to hold. receive, pur-
chase. improve. ALLEVIATE, convey, sell,
borrow, mortgage and hypothecate un-
der the corporate name all kinds of
properly. and to make and establish
such rules and regulations for the
propef management Of the affairs as It
may deem necessary, and the same to
alter and change at pleasure; and to
enjoy ali other privileges and immuni-
ties given BY the laws Of the State of
Louisiana TO corporations organized for
similar purposes
ARTIMhlE "
The capital stod this corporation
il hereby fixed at ere sum of fifteen
thousand dollars t$ts.ooo.oo), divided
into fifteen thousand shares (15,oool
Of one dollar tsLoo) each, payable at
the time Of its issuance, in cash OF 9th
erwise. The stock may be paid for
either III cash or for its equivalent in
property or actual services performed.
This corporation shall commence busi-
ness as soon as four thousand $4,000
dollars shall have been subscribed and
81 for
ARTICLE ".
The corporate powers Of this cor
pnfatioti shall be vested in board Of
directors composed Of four stoclShold-
ers, who shall be elected annually on
the FIRST Monday in March The first
board of directors is declared TO be w.
S. Johnston, + E Bird I. G. Blanchard
and j w. Willis Ir., who shall serve
until their successors are chosen. Three
members shall constitute a quorum Of
the board of directors for the transac4
ton Of business. The officers of this
corporation shall be president. a vice
president, a secretary and a treasurer.
and the first Of said officers are declared
to be Nv. S. Johnston, president; {. E.
Bird. vice president: Z. G. Blanchard,
secretary, and ]. NJ. Willis Jr.. treas
urer, and they shall serve until their
successors are chosen, and said officers
shall Be elected annually on the FIRST
Monday III March. A majority Of the
stock present shall elect the directors,
and III all elections OF proceedings OF
stockholders. each share Of stock pres
ent OF represented by written proxy
shall be entitled to one vote, Notice Of
ali meetings Of stockholders shall be adj
vertised ten (fo) days in daily news
paper when required by law. Failure to
hold ain election for directors on the day
named shah not dissolve the corpora
ton, but the incumbent directors shall
hold over until their successors are
duly elected and qualified, Any vacan-
ey in the board Of directors shall be
filed by the remaining directors,
ARTICLE VI.
This charter may be amended, or this
corporation may Be dissolved at gen
eral meeting OF the stockholders, con-
vened for that purpose, after due and
legal notice. as required by the laws
q the State Of Louisiana, on a vote Of
three fonrths (3.41 of the entire capi-
tai stock 81 the corporation, and when
"a dissolved, OF when dissolved by linz
itation, It's affairs shall be liquidated BY
commissioners anoefuted far that nttf4