The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-26
CHARTER
OF THE WALLACE OIL AND GAS
COMPANY. 81.

of April A. D. 1910, before me, Leon R
Smith, a notary public in and for Caddc
Parish, State of Louisiana, duly com
missioned and qualified, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came anc
appeared the persons whose names arr
hereunto subscribed, all above the full
age of majority, who severally declared
that availing themselves of the provis
ions of the laws of the State of Louis
INA relative to the organization of cor
porations, they have formed and origin.
lied, and by these presents do form
themselves and of those whom they rep
resent into and constitute a corporation
and body polite in law, for the objects
and purposes, and under the stipulations
and agreements hereinafter set forth and
expressed, which they hereby adopt as
| their charter.
ARTICLE /.
The name and title of the corporation
Hereby formed is declared to be the
WALLACE LAKE OIL AND GAS
| COMPANY. Its domicile shall be in
the City of Shreveport, State of Louis
lana, and it shall have and enjoy sue
cession by its corporate name for a pc
Rod of fifty (5o) years from and after
the date hereof This corporation shall
have power and authority to contract,
sue and be sued in its corporate name
to make and use corporate SEAL to
hold, receive, hire and purchase real and
personal property, and to sell, mortgage
Or pledge the same, and to borrow
money and issue bonds, stocks, notes
and other obligations. All citations or
other legal process shall be served upon
the president, and in the event of his abb
sence or inability to act from any cause,
the same shall be served at the office of
the company, according to law.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on]
by it, are hereby declared to be: To pur-
chase, lease or otherwise acquire lands,
mineral, gas and oil rights and privileges
in the State of Louisiana Also to pur-
chase, lease or otherwise acquire in the
State of Louisiana and other parts of the
world, lands containing or believed to
contain gas, petroleum or other oil
spring deposits; to carry on the business
of searching for, prospecting, preparing,
producing, refining, piping, storing,
supplying, buying, selling,
manufacturing and distributing gas, pc
troleum and other oils and their pro-
ducts and by-products. To construct,
build, operate and maintain oil wells,
rehneries, buildings machinery, plants, |
stores and warehouses. To erect, main
tain and operate rehneries, mills, works,
laboratories, workshops and dwelling
to handle, store and transport oil, gas, |
brine and other mineral solutions, and
to make reasonable charges therefor. To |
buy, SELF and furnish oil and gas for
lighting, heating and other purposes. To |
lay down, construct, RAintain and ope
rate pipe lines, tubes, tanks, pump sta |
houses and such machinery, apparatus |
and devices as may be necessary to ope
rate such pipes and pipe lines between
various points. Also, wherever permitted |
by law, to have right and power to en-
ter upon private rights-of-way, ease
ments, properties of all persons and cor
porations, and to have the right of lay
ing its pipes and pipe lines across and
under any public road, railroad, right
of-way, street railroad, canal or stream. |
To lay its pipes and pipe lines across
and under any street or alley in any in |
corporated city or town, with the con-
sent and under the direction of the |
proper authorities of such cities or
towns Also to carry on the business OF |
refining and storing petro
Ieum products, vegetables and mineral
oils.
ARTICLE III.
The capital stock of this corporation |
is hereby fixed at the sum of one hun
dred thousand and no-Ioo dollars
($Ioo,ooo.o) dollars; divided into and
represented by 100000 shares of the par
value of one and no-Ioo dollars ($I.oo) |
per share, which shall be paid for in
cash or its equivalent at the time of sub
This corporation shall com
mence business as soon as ten thousand |
dollars ($Ioooooo) of its capital stock
shall have been subscribed for
ARTICLE ".
All the corporate powers of this cor
poration shall be vested in and exer-
cised by board of FIVE 50 directors,
to be composed of stockholders; three
60 of whom shall constitute quorum
for transacting all business The board