The Caucasian. (Shreveport, La.) 1900-192?, 1911-03-30
CHARTER
OF THE LOUISIANA -EXPLOITA-
TON ASSOCIATION

A. J. Murff, notary public, duly com
missioned and sworn, in and for Caddo
Parish, Louisiana, came and appeared
the parties whose names are hereunto
subscribed, residents of said Parish and
State, who declared unto me, notary,
that they have formed and constituted
themselves, do by these presents form
and constitute themselves, as we'll as
such other persons as may hereafter be-
come associated with them into cor-
poration and corporate body, and have
adopted and ordained as their charter
and act of incorporation the following
to-wit:
ARTICLE I.
The name and title of this corporation
shall be the LOUISIANA EXPLOITA-
TON ASSOCIATION, and by that
name it shall be known and have power
and authority to have and enjoy success
sion for a term of fifty years from the
date hereof, unless sooner dissolved as
may be hereinafter provided; to con-
tract, sue and be sued; to make and use
a corporate seal and the same to change
at pleasure; to hold, receive, lease and
purchase, ALLEVIATE and convey, as well as
mortgage and -hypothecate property,
real, personal and mixed to name and
appoint such managers and directors
officers and agents as the interest of the
corporation may require, and to make
and establish such rules, bylaws and
regulations for the proper management
Of said corporation as may be neees-
sary, and the same to change or alter at
pleasure, and perform such other fune
tons as may be allowed by the laws of
Louisiana. ....
ARTICLE II.
The dotniciie of this corporation shall
be in the city of Shreveport, Caddo
Parish, Louisiana, and all citations and
other legal process shall be served on
The secretary as the law may direct.
ARTICLE III.
The purposes of this corporation and
its objects are hereby declared to be to
acquire, own. lease, sell, mortgage or
aypothecate both real and personal
property, either in its natural state or
changed or altered by improvements or
manufacture to farm, cultivate and
improve real estate or develop the same
for oil, gas or other minerals, and the
same TO sell and dispose of; to estab-
ish, maintain and operate hay, grain
and farm products elevators and main
ain warehouses or other places of stor-
1ge therefor for hire; to operate and
own a gas, electric light plant or other
industrial plant and in fact to do and
perform any and all things necessary or
tending to develop and improve the nat
1raf resources of the State of Louisiana
or adjacent territory and to advertise,
advance and exploit its industrial and
commercial resources.
ARTICLE w.
The capital stock Of this corporation
is hereby fixed at one million dollars,
be divided into one million shares OF
he par value of one dollar per share
| each, the corporation to besiin business
when $1,000 of its capital stock is sub
scribed. No certificate of stock shall
be issued until full payment is made
therefor, which may be by money. prop
srty, services or any other valuable con-
sideration moving to said corporation
and resolution of the board of direc.
.ors of this corporation that the consid.
Grafton given for any stock is fair and
adequate shall be conclusive evidenc'
that it is such but no stock shall be IS
sued for less than the par value thereof
ARTICLE v.
The affairs Of this corporation shall
be vested in a board of directors com
posed of three stockholders who shall
be elected at each annual meeting of tn
stockholders for the ensuing year; tn
board of directors shall have authorit,
Ito adopt bylaws for the regulation 0
| the business of this corporation, t
adopt a corporate seal, to hypothecat
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 di
rect and control the officers and en-
ployes of the corporation; to pass a
rules and regulations which it ma
deem necessary for the conduct of tn
affairs Of said corporation, and TO We
in its general manager by resolution al
/ or any part, of the powers given by tn
charter 10 the board of directors.
, ARTICLE VI
Until the election of board of dire
tors on the first Monday in Janual
{ 1919, the following shall compose Il
6 board of directors, to-wit John D. Wi
{ kinson, who shall be president; ].
. Johnson, who shall be vice preSiden