The Caucasian. (Shreveport, La.) 1900-192?, 1911-05-04
CHARTER
OF THE LA-PENN OIL COMPANY.

OF THE LA-PENN OIL COMPANY.
State OF Louisiana Parish Of Gaddo
Before me, +. Barnett, notary public
III and for the Parish of Caddo and
State of Louisiana, duly commissioned
and sworn, on this goth day of April
I9Il, came and appeared the parties
whose names are hereunto signed. and
declared 10 me, notary, and to the I'M
dcrs1gned competent witnesses that they
do hereby form themselves into a cor
poratiOn under the laws of the State of
Louisiana and under the following art
Iclcs, to-Wit:
ARTICLE l.
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 he sued; to hold, pur-
chase, lease, mortgage. sell and hypOth-
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DC inc Slly u shreveport III cduoo ID
ISL louisiana "he'e an 'es"i p'"'e'S''
'n'" DC served according u Id" up0'
inc president or III Ills ABSENCE upon
the secretary OF the corporations
, ARTICLE III.
The object and purpose tor which TINS
. corporation Is organized IS 10 carry Vi
. general oil business including the buy,
ing and selling of lands, oil, gas ane
other minerals; the drilling, mining ane
cxplorng said lands III the State o.
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
n as the directors may deem proper; t
lay pipe lines, establish stations. loading
racks, commissaries, and such other III
cidental purposes as may be necessar!
for the conduct Of the corporate busl
ness.
ARTICLE w.
The capital stock OF this corporation
is fixed at the Stun OF thirty Thousand
($3o.ooo) dollars, divided into SIX hun
bred shares at the par Valuc OF hit.
n $500 dollars per share, and the corpor
alton is to begin BUSINESS when my pc
cent of the capital stock shalr have beef
subscribed for and paid into the treaSur.
either in cash OF property equiNaIeh
thereto.
4 ARTICLE v
The powers Of this corporation ar
vested in the board OF directors com
posed of three stockholders OF the COZ.
Il pany who shall mold once uil.li '"e'
7 successors shall be duly eieetea al al,
] qualified The stockholders sha,l hoi
all annual meeting on the thlru Noi'u'
Of April of each and every year ie'.
after beginning on the 'hiro Mohuay
April 1914 at Wllich ah''"'. iales'''s =
the Stockholders directors S'la'' DC e,sS ;
ed for the next ensuing year. anu Sd
stockholders meeting sIlall transact SUI
other business as may properly eoi'ie "
fore SAID meeting wnlSn s,,''p ia ; m,a,
ing of the stockholders slla.l DC i'l,'l''
diately followed by an ai,'"a, ",ee.l os.,
u the directors VINO sna,i elee, o'''. ny.
| tor the ensuing year anu dttNhH W 'N~