The Caucasian., 1911-06-01
CHARTER
OF The LA-rENN o1L COMPANY

State OF louisiana, Parish Of Caddo
Before me, s. Barnett, 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 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.
| icles, 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-
ploring for oil, gas OF other minerals,
and all other necessary and incidental
/ rights connected with such business and
company.
ARTICLE II.
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 ur, in his absence, upon
the secretary Of the corporation.
ARTICLE III.
The object and purpose for which this
corporation is organized is to carry or
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 oi
Louisiana and elsewhere, as the boart
of directors may direct, for oil, gas ant
other minerals, including the right tt
produce water and to utilize the same
as the directors may deem proper; tt
lay pipe lines, establish stations, loading
racks. commissaries, 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 thousant
(S3o,ooo) dollars, divided into six hun
dred shares at the par value OF hit!
(S5o) dollars per share, and the cofpor
alton is TO begin business when fifty pc
cent of the capital stock shall have beei
subscribed for and paid into the treasur!
either in cash or property equiyaien
thereto.
ARTICLE v.
The powers of this corporation ar
vested IN the board of directors com
nosed of three stockholders of the com
many who shall hold Office until thei
successors shall be duly elected an
qualified. The stockholders shall hol
an annual meeting on the third Morda
Of April Of each and every year here
!, after beginning on the third Monday
April 1oIz. at which annual meeting Q
!. the stockholders directors shall be elect
!. Cd for the next ensuing year, and sal
stockholders meeting shall transact sue
other business as may properly come h'
fore said meeting, which annual mee'
ing Of the stockholders shall be imnl'
diately followed by an annual meeting
the directors who shall elect ofi1ce
/ for the ensuing year and attend to sue
other matters As may properly come b
fore the directors meeting The fir
J, board of directors who shall serve unt
: the next election in 1919, are hereby q
10 sipnated. Lee Stout, r. P. Hoffman ar
70 Obie White, all residents of the Paris
Of Caddo. State of Louisiana.
ARTICLE VI.
:. The officers of this corporation sha
\ be a president, vice president, secreta
y and treasurer, all of whom shall be 9
rectors. The Office of secretary and Il
Office Of treasurer may be combined
either may be combined in one ON
with the president or vice president, a
- said officers for the first year are here
designated as follows: R. 2. Hoffma
IN president; Lee Stout, vice president a
J secretary and Obie White, treasur
No officer shall ever be elected in Il
corporation who is not stockholder
the same. The powers and authority
the officers abeve named shall be 81
as are contemplated by the laws Of
W state and such as may be fixed by I