The Caucasian. (Shreveport, La.) 1900-192?, 1911-05-07
CHARTER
- THE LA-PENN OIL COMPANY.

c.ate of Louisiana, Parish of Caddo:
Refore me, l. Barnett, a notary public
! and for the Parish Of Caddo and
state Of Louisiana. duly commissioned
I'd sworn, on this 10th day of April
,ot1. game and appeared the parties
wbose names are hereunto signed, and
aeelared to Nc, notary, and to the I'M
agned competent witnesses that they
Al hereby form themselves into cor
ooration under the laws of the State of
Io,isiana and under the following art
icies, to-wit:
ARTICLE l.
AAEhe name Of this corporation is de-
elared to be THE LA-PENN OIL
CONPANY." Under such name and
styie it shall have corporate existence
for the period of fifty years from this
date. 1t shall have the right TO con-
tract, sue and be sued; to hold, pur-
chase, lease, mortgage, sell and hypoth-
ecate property, personal and real, and
such other rights incident to conducting
the business Of AZ Oil company in de-
yeloping lands for oil, gas and other
minerals, as we'll as for the transporta-
ton of oil, gas and all such minerals as
may be discovered, together with the
right to buy and sell oil, gas and min
erals, and the rights OF drilling and ex-
pIoring for oil, gas or other minerals,
and ali other necessary and incidental
rights connected with such business and
company.
ARTICLE II.
The d0micile of this corporation shall
be the City Of Shreveport in Caddo Par
ish, Louisiana, where all legal processes
shah be served according to law upon
the president or, in his absence, upon
the secretary Of the corporation.
ARTICLE III.
The object and purpose for which this
corporation is organized is to carry on
4 general oil business, including the buy
ing and selling of lands, oil, gas and
ether minerals; the drilling, mining and
exploring said lands in the State OF
louisiana and elsewhere, as the board
of directors may direct, for oil, gas and
other minerals, including the right tc
produce water and to utilize the same
as the directors may deem proper; tc
lay pipe lines, establish stations, loading
racks, comnissaries, and such other in.
cidental purposes as may be necessary
for the conduct of the corporate bust,
ness.
ARTICLE ".
The capital stock of this corporation
is fixed at the sum OF thirty thousand
lS3o,ooo) dollars, divided into six hun
,dred shares at the par value of tlttJ
(S5o) dollars per share, and the corpor
alton is to begin business when fifty pc
cent of the capital stock shall have beer
Subscribed for and paid into the treasury
eitssf in cash or property equiValen
thereto
ARTICLE v.
The powers of this corporation ar
vested in the board of directors com
posed Of three stockholders of the com
pany who shall hold Office until thel
successors shall be duly elected ant
qualified. The stockholders shall hol
an annual meeting on the third Monda,
of April of each and every year here
after beginning on the third Monday ii
April Io12, at which annual meeting 0
the stockholders directors shall be elect
ed for the next ensuing year, and sai'
stockholders meeting shall transact sue
other business as may properly come be
fore said meeting, which annual meet
inc of the stockholders shall be lI11ne
diately followed by an annual meeting Q
the directors who shall elect officer
for the ensuing year and attend to sue
other matters as may properly come be
fore the directors meeting, The frs
board of directors who shall serve unit
the next election ii. 1912, are hereby de
signated: Lee Stout X, I :. Iioliiiidii an
Obie White. all residents of the Paris
of Caddo, State Of louisiana.
ARTICLE VI.
The officers Of this corporation shal
be president, vice president, secretar
and treasurer, all of whom shall be dl
rectors. The office of secretary and tn
Office Of treasurer may be combined Q
either may be combined in one offc
with the president or vice president, an
said officers for the first year are hereb
designated as follows: R. P. Hoffman
president; Lee Stout, vice president an
secretary; and Obie White, treasure
No officer shall ever be elected in thi
corporation who is not a stakeholder
the same. The powers and authority Q