The Caucasian. (Shreveport, La.) 1900-192?, 1911-08-27

CHARTER
OF the Fort Jessup Oil and Develop
ing Company.

Williams, deputy clerk ana e&-oIilCio
deputy recorder and notary pub
lie in and for said parish and State,
duly qualified, commissioned and
sworn, and in the presence of wit
nesses hereinafter named and I'M
dersigned, came and appeared theI
several persons whose names are
hereunto subscribed, who declare
that availing themselves of the pro-
visions of the law of this State rela-
tive to the organization of corpora
lions, they have covenanted and
agreed, and by these presents do
and agree and bind them
selves and those who may hereafter
become associated with them, TO-
form and constitute a corporation
for the objects and purposes and I'M
der the articles and stipulations fol-
lowing, to-wit:
ARTICLE I.
The name and style of this corpor-
atien is hereby declared to be the
Fort Jessup Oil and Developing
Company, and under its said name 1t
shall have power and authority to
contract, to sue and be sued; to
make and use a corporate seal, and
the same to alter or break at pleas
ure; to hold, receive, purchase,
ALLEVIATE, convey, sell, pledge, mort
gage, hypothecate or lease property,
real, personal or mixed; to name and
appoint such officers, directors,
agents and employees as the interest
and convenience of the said corpor-
alton may require; to make and es-
tablish bylaws, rules and regula-
tons for the proper management OF
its affairs as may be deemed neces-
sary and proper, and the same to al
ter OF change at pleasure; and gen.
orally to do all other acts and things
necessary or proper to carry cut the
objects and purposes of said corpor-
alton. This corporation, unless soon
er dissolved as hereinafter provided
Tor, shall exist and continue for a
period of ninety-nine years from
and after the date hereof. All eta
tiens and other legal process shall be
served upon the president, or in his
absence upon the vice president at
the domicile of the company, which
shall be and is hereby declared to be
in the city of Shreveport, Parish of
Caddo, Louisiana.
ARTICLE III.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by it are. declared to be:
To develop oil, gas and other min
erals, on any property owned, leased
or controlled by it or others in the
State of Louisiana or elsewhere in
the United States; to drill wells and
sink mines and sell the productions
thereof; and generally to do any and
all things necessary to be done in
furtherance of such objects and
purposes.
ARTICLE III.
The capital stock of this corpora
tion is hereby liked at the sum of
one hundred thousand dollars, di-
vided into one hundred thousand
shares of one dollar $500 each
which shall be paid for in cash or by
the transfer of property or labor or
service performed as may be ap-
proved by its board of directors, and
it shall commence business when
ever ten thousand (SiO,00000) dol
lars of capital stock is subscribed
for and paid in full, and all stock is
sued by it shall be fully paid and
worcestershire.
ARTICLE ".
The corporate powers of said cor
poration shall be vested in and exer-
cised by a board of directors COM
posed sf five - stockholders. The
following persons shall constitute
the first board of directors, viz: w.
A. Raglan, H. M. Russell, G. w. Day.
export, C. w. Potts, Joe Smith, with
w. A. Ragan as president, H. M. Rus
sell as vice president, G. w. Daven-
port as secretary, and G. w. Potts as
treasurer. The said officers and di-
rectors shall hold Office until the
second Monday in June A. D. 1912,
or until their successors are duly
elected and qualified. On the said
day ose June 1912 and annually there
after, a board of directors shall be
elected, unless said date shall be a
legal holiday, when the said election
shall be held on the first secular day
following the said holiday. Notice of
the said election shall be given by
ten days notice published in one of
the newspapers published in said
parish. The board of directors shall
appoint one or more stockholders to
preside at such election. Any failure
from anv caI,ca Uhatnyor IN hold