The Caucasian. (Shreveport, La.) 1900-192?, 1911-04-30

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CHARTER
OF THE LA-PENN OIL COMPANY.
State of Louisiana, Parish of CaddO:
Before me, T. Barnett, a notary public
in and for the Parish of Caddo and
State of Louisiana, duly commissioned
and sworn, on this 10th day OF April
1911, came and appeared the parties
whose names are hcreunto signed, and
declared to me, notary, and to the TN
dcrsigncd competent witnesses that they
do hereby form themselves into a cor
poration under the laws of the State OF
Louisiana and under the following art
icles, tO-Wlt:
ARTICLE |.
The name Of this corporation is de
clared to be THE LA-PENN OIL
COMPANY. Under such name and
style it shall have corporate existence
for the period of fifty years from this
date. 1t shall have the right to con-
tract, SIZE 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 an oil company in de
veloDing lands for oil, gas and other
minerals, as we'll as for the transporter
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 eN-
ploring for oil, gas or other minerals,
and all other necessary and incidental
rights connected with such business and
company.
ARTICLE II.
The domiciIe Of this corporation shall
be the City of Shreveport in Caddo Par
ish, Louisiana, where all legal processes
shall 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
a general oil business, including the buy
ing and selling of lands, oil, gas and
other 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 to
produce water and to utilize the same
as the directors may deem proper; to
lay pipe lines, establish stations, loading
racks. commissaries, and such other in
cidentat 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
($3o,ooo) dollars, divided into six hun
dred shares at the par value of fifty
$500 dollars per share, and the corpor-
alton is to begin business when fifty per
cent of the capital stock shall have been
subscribed for and paid into the treasury
either in cash or property equivalent
thereto.
ARTICLE V.
The powers of this corporation are
vested in the board of directors COM
posed of three stockholders of the COM
pany who shall hold office until their
successors shall be duly elected and
qualified. The stockholders shall hold
an annual meeting on the third Monday
of April of each and every year here
after beginning on the third Monday in
| April 1912, at which annual meeting of
the stockholders directors shall be elect
ed for the next ensuing year, and said
stockholders meeting shall transact such
other business as may properly come be-
fore said meeting, which annual meet
ing of the stockholders shall be imme-
diately followed by an annual meeting OF
the directors who shall elect officer:
for the ensuing year and attend to such
other matters as may properly come be-
fore the directors meeting The first
board of directors who shall serve until
the next election in 1912, are hereby de-
| 5ignatcd: Lee Stout, R. P. Hoffman and
Obie White, all residents OF the Parish
Of Caddo, State of Louisiana.
ARTICLE VI.
The officers Of this corporation shall
be a president, vice president, secretary
and treasurer, all of whom shall be di-
rectors. The office Of secretary and the
office Of treasurer may be combined or
either may be combined in one Office
with the president or vice president, and
said officers for the first year are hereby
designated as follows: R. P. Hoffman,
president; Lee Stout, vice president and