The Caucasian., 1911-06-04


in and for the Parish of Caddo and
State of Louisiana, duly commlssl stoned
and sworn, on this Goth day Of April
1911, came and appeared the parties
whose names are hereunto signed, and
declared to me, notary, and to the ui1-
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-
yeioping 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 or 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 III. Caddo Par
ish, Louisiana, where all legal processes
shall be served according to law upon
ithc president or, in his absence, upon
the secretary Of the corporation.
ARTICLE III.
The object and purpose for which this
corporation is organized is TO carry on
a general oil business, including the buy
| ing and selling of lands, oil, gas and
other minerals; the drilling, mining and
exploring said lands i'll the State of
Louisiana and elsewhere, as the board
of directors may direct, for oil, gas and
other minerals, including the right to
produce water and to utilize the same
as the directors may deem proper; to
| lay pipe lines, establish stations, loading
racks, cosnmissaries, 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 thousand
(S3o,oool dollars, divided into six hun
dred shares at the par value of fifty
! (S5o) dollars per share, and the corpor
alton is to begin business when fifty per
cent of the capital stock shalt have been
subscribed for and paid into the treasury
either in cash or property equivalent
| thereto.
ARTICLE V.
The powers of this corporation are
vested in the board of directors COM
posed of three stockholders of the COM
pany who shall hold office until their
successors shall be duly elected and
qualified. The stockholders shall hold
an annual meeting on the third Monday
of April of each and every year here
after beginning ON the third Monday in
April 1912, at which annual meeting of
the stockholders directors shall be elect
ed for the next ensuing year, and said
stockholders meeting shall transact such
other business as may properly come be-
/ fore said meeting, which annual meet
/ ing of the stockholders shall be imnle-
diately followed by an annual meeting Of
the directors who shall elect officers
for the ensuing year and attend to such
Eother matters as may properly come be
fore the directors meeting. The first
Iboard of directors who shall serve until
the next election in 1912, are hereby de-
signated: Lee Stout, R. P. Hoffman and
lobe White, all residents of the Parish
4 of Caddo, State of Louisiana
ARTICLE VI.
The officers of this corporation shall
be president, vice president, secretary
and treasurer, all of whom shall be di-
rectors. The Office of secretary and the
office of treasurer may be combined or
either may be combined in one Office
with the president or vice president, and
said officers for the first year are hereby
designated as follows: R. P. Hoffman,
lpresident; Lee Stout, vice president and
secretary; and Obie White, treasurer.
No officer shall ever be elected in this
corporation who is not stakeholder in
the same. The powers and authority of
the officers abeve named shall be such
as are contemplated by the laws of the
state and such as may be fixed by the
4 lby-laws of the corporation which may
be adopted from time to time by the
directors.
ARTICLE VII
All matters to be voted upon at