The Caucasian., 1911-05-30

III 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 a cor
poration under the laws of the State of
Louisiana and under the following art.
lcleS, to-wit:
ARTICLE I.
he 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-
tion 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 in Caddo Par
ish, Louisiana, where all legal processes
shall be served according to law upon
/ the 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 i inerals; the drilling, mining and
explor,tg said lands in the State of
Louisi; IA and elsewhere. as the board
of dir cto 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
lIay pipe lines, establish stations, loading
/ racks, commissaries, and such other in
cidental purposes as may be necessary
for the conduct of the corporate busi-
ness.
ARTICLE ".
| The capital stock of this corporation
| is fixed at the sum of thirty thousand
/ (S3o.ooo) dollars, divided into six hum
dred shares at the par value OF fifty
| ($5o) dollars per share, and the corpor-
alton is to begin business when fifty per
| cent of the capital stock shah have been
subscribed for and paid into the treasury
either in cash or property equivalent
! thereto.
i ARTICLE v
The pewers of this corporation are
vested in the board of directors conf
lposed of three stockholders of the COM
oany who shall hold Office until their
successors shall be duly elected and
nualihed 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
1.-THE stockholders directors shall be elect
. ed for the next ensuing year, and saio
stockholders meeting shall transact srcf
other business as may properly come be-
fore said meeting, which annual meet
mo Of the stockholders shall be imme-
diately followed by an annual meeting q
the directors who shall elect ofleer
for the ensuing year and attend to sucf
other matters as may properly come be
fore the directors meeting The hrs
Hoard of directors who shall serve unit
the next election in 1912, are hereby de
: sionated Lee Stout, R P Hoffman ant
= Ob;e White. all residents of the Parisf
~ caddo. State of Louisiana.
ARTICLE VI.
The officers of this corporation shall
he 4 president, vice president, secretar.
and treasurer, all of whom shall be di
reetors. The Office of secretary and tn
Office of treasurer may be combined 0
either may be combined in one offic
with the president or vice president, an
said officers for the first year are herep
designated as follows: r. T. Hoffman
1 president Lee Stout, vice president an
secretary and Obie White, treasures
No officer shall ever be elected IN tlll
corporation who is not stakeholder
the same. The powers and authority Q
the officers above named shall be sue
as are contemplated by the laws OF I'll
y state and such as may be hxcd BY tn
bylaws Of the corporation which ma
: be adopted from time to time BY II
directors.
ARTICLE vi.
All matters 10 be vsted upon at