The Caucasian. (Shreveport, La.) 1900-192?, 1911-01-12
CHARTER
VI IHE OIL FIELD TJTMRFR
COMPANY.

United States of America, State NJ
LOUISIANA Parish of Caddo: Be il
known that on this the 9th day of De.
cemoer 1910, before me, Frank A. Blar-
chard' a notary public in and for the
SAID parish and State, duly commits.
stoned and qualified, on this day person
ally came and appeared B. H. Bolinger
,. II. Bolinger and B. B. Terry, each Of
whom declared to me in the presence OF
the hereinafter named and undersigned
competent witnesses, that availing them
selves of the laws of the State of Louis
lana, they do hereby organize themselves
INTO and create corporation, and ADOPT
the following articles as the charter
thereof to govern themselves and such
Others as may become associated with or
succeed them
ARTICLE |.
The name and title of said corpora
ton is THE OIL FIELD LUMBER
COMPANY.
ARTICLE II.
Its domicile is declared to be in the
City of Shreveport, Parish of Caddo
State of Louisiana.
ARTICLE III.
The duration of said corporation shall
be period of ninety-nine years from
the date hereof.
ARTICLE ".
The purposes for which said corpora
ton is established and the nature of the
business to be carried on by it are: To
operate and maintain lumber yards at
Mooringsport, Louisiana, and other
places in Louisiana, as may be deemed
advisable; to retail and wholesale tim
Der, lumber, ties, slaves and such other
wood products that may be manufac-
tured; to manufacture, buy, sell, lumber,
to buy, build, and operate saw and plan
ing mills, plants railroads, telegraph and
telephone lines, to conduct a general
merchandise business, and to do all
things connected with Or incident to any
or all of said purposes.
ARTICLE V.
kvery citation or other legal process
shall be served upon the president, and
in his absence on the secretary-treasurer,
ARTICLE VI.
The amount of capital stock of this
corporation, which this corporation is
authorized to issue is ten thousand dol
lars ($1o,ooo.oo) divided into two hun
dred shares Of the par value of fifty dol
lars $4,000 each. This corporation is
authorized to commence business as
such when one hundred and twenty
(I2o) shares of its capital stock shall
have been subscribed and paid for. No
certificate of stock shall be issued until
full payment is made therefor, which
may be by money, property, services or
any other valuable consideration moving
to said corporation; and resolution of
the board of directors of this corpora
ton that the consideration given for any
stock is fair and adequate shall be con-
elusive evidence that it is such; but no
stock shall be issued for less than the
par value thereof. The remaining stock
shall be placed on the market at such
times and in such blocks as the major
ity of the stockholders deem for the best
interests of the corporation, the existing
stockholders in all cases being allowed
sixty days within which to purchase the
same at par in the proportion of their
holdings by preference ever all other
purchasers.
ARTICLE VII.
The board Of directors of this eorpor-
alton shall be composed of not less than
three stockholders, who shall be elected
at each annual meeting of the stock
holders for the ensuing year; the board
of directors shall have authority to adopt
a set of bylaws fol-, 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 direct
and control the officers and employees 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 general
manager by resolution all or any part OF
the powers given by this charter to the
board OF directors.
ARTICLE VIII.
The officers of this corporation until
the first annual meeting Of the board OF
directors on the first Monday in Feb
ruary 1911 are B. II. Bolinger, presi-
dent S. H. Bolinaer, vies president; B
q TArrv seerataYy-treaaurar who shall