The Caucasian. (Shreveport, La.) 1900-192?, 1911-05-23

II &Ho IoT the farlSh OF S,aodo and
State of Louisiana, duly commissioned
and sworn, on this 10th day of April
1917, came and appeared the parties
whose names are hereunto signed, and
declared to me, notary, and to the un-
dersigned competent witnesses that they
do hereby form themselves into cor
poration under the laws of the State of
Louisiana and under the following art
lcles, to-Wit:
ARTICLE I.
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, 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 an oil company in de.
veloping 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 all other necessary and incidental
rights connected with such business and
company.
ARTICLE III.
The domicile 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 te
produce water and to utilize the same
as the directors may deem proper; te
lay pipe lines, establish stations. loading
| racks, commissaries, and such other In
cidertal 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
(Sso,ooo) dollars, divided into six hun.
dred shares at the par value of fit.
($5o) dollars per share. and the corpor-
alton is to begin business when fifty PEI
cent of the capital stock shall have beer
subscribed for and paid into the treasury
either in cash or property equivalent
thereto.
ARTICLE v.
The powers of this corporation arr
vested in the board OF directors com
posed of three stockholders of the com
oanv who shall hold Office until theil
successors shall be duly elected am
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 1919, at which annual meeting o
1.-THE stockholders directors shall be elect
ed for the next ensuing year, and sale
| stockholders meeting shall transact suci
other business as may properly come be
fore said meeting, which annual meet
ling of the stockholders shall be inlme
diately followed by an annual meeting 9
the directors who shall elect officer
| for the ensuing year and attend to sucl
| other matters as may properly come be
| fore the directors meeting. The frs
hoard of directors who shall serve unit
| the next election in 1919, are hereby de
| signated Lee Stout. r. 2. Hoffman an
lobe White, all residents of the Paris
iiof Caddo. State of Louisiana
ARTICLE ".
The officers OF this corporation shal
Ibe president. vice president, seeretar
and treasurer, all of whom shall be d
rectors. The Office of secretary and tn
Office OF treasurer may be combined 9
either may be cornbined in one offc
with the president OF vice president. an
said officers for the first year are hereb
designated as follows: r. 2. Hoffman
president Lee Stout. vice president an
secretary; and obie White, treasure
No officer shall ever be elected in tn
corporation who IS not a stockhoider
the same. The powers and authority /
the officers above named shall be sue
as are contemplated BY the laws Of Il
81 state and such as may be fixed by Il
by-laws of the corporation which ma
he adopted from time TO time by Il
directors
ARTICLE VII.
All matters to be voted upon at
stockholders meeting shall be controls