The Caucasian. (Shreveport, La.) 1900-192?, 1911-03-12
CHARTER
OF THE LOUISIANA EXPLOlTA-
TON ASSOCIATION.

/ = ~ IL ~ q AiSAtht JAIDiINr NtltS Soiit
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 a cor
poration and corporate body, and have
adopted and ordained as their charter
and act of Incorporation the following
to-wit:
ARTICLE |.
| The name and title of this corporation
shall be the LOUISIANA EXPLOITA-
TION ASSOCIATION, and by that
name it shall be known and have power
and authority to have and enjoy success
sion for term of fifty years from the
date hereof, unless sooner dissolved as
may be hereinafter provided to con-
Itract, sue and be sued to make and use
a corporate seal and the same to change
lat pleasure; to hold, receive, lease. and
purchase, ALLEVIATE and convey, as well as
mortgage and hypothecate property,
Ireal, 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
Iof said corporation as may be neces-
sary, and the same to change Or alter at
pleasure, and perform such other func-
! lions as may be allowed by the laws of
Louisiana.
ARTICLE II.
| The domicile 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
hypothecate 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-
hsh, maintain and operate hay, grain
and farm products elevators and main
tain warehouses or other places of stor-
age 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
uraT resources OF the State of Louisiana
or adjacent territory and 10 advertise,
advance and exploit its industrial and
commercial resources.
ARTICLE ~.
The capital stock of this corporation
lis hereby fixed at one million dollars,
to be divided into one million shares of
I the par value of one dollar per share
each, the corporation to begin 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
|
erty, services or any other valuable con-
sideration moving to said corporation,
and resolution Of the board of diree-
tors of this corporation that the consid
Grafton given for any stock is fair and
adequate shall be conclusive evidence
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 board of directors com
posed of three stockholders who shall
be elected at each annual meeting of the
stockholders for the ensuing year the
board of directors shall have authority
to adopt bylaws for the regulation OF
the business Of this corporation, to
adopt a corporate seal, to hypothecate
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 em-
ployes of the corporation; to pass all
rules and regulations which it may
deem necessary for the conduct of the
affairs of said corporation, and to vest
in its general manager by resolution all,
or any part, Of the powers given by this
charter to the board of directors.
ARTICLE VI.
Until the election of board of direc-
tors on the first Monday in January
1912, the following shall compose the
board Of directors, to-wit John D. VII
kinson, who shall be president !. A.
Johnson, who shall be vice president;
w. a. Jones. who shall be secretary and
treasurer, and each board OF directors