The Caucasian., 1911-05-28
CHARTER
OF THE WEBSTER REFINING
COMPANY OF LOUISIANA.

|
duly commissioned and sworn, came
and appeared c. D. Webster, a resident
of Orange, Texas, W. H. B. Groom, T.
w. Plumb, Charles Ogerly, J. F. Jami
son, L. n Crisp all residents of Caddo
Parish, Louisiana, who declared to me,
notary, i'll the presence of the under
signed competent witnesses, that they
do hereby lG,-.i Themselves with such
others as ~ hereafter become asso-
ciatd with them, into a corporation and
body polite under the laws of the State
of Louisiana, under the conditions and
stipulations as follows, to-wit:
ARTICLE I.
The name and style of this corpora
ton is hereby declared to be WEB
STER REFINING COMPANY OF
LOUISIANA, under which said name
it shall enjoy corporate existence for a
period of ninety-nine (oo) years from
the date hereof unless sooner dissolved
as hereinafter provided, and under
which said name it shall have the right
TO contract, Sue and be sued to hold,
purchase, lease, mortgage, sell and hy-
pothccate property, real and personal,
with all such other powers as. are neces-
sary or incident to the objects and pur-
poses for which said corporation is or
ganized as is hereinafter set out. The
domicile of this corporation shall be at
Mooringsport, Caddo Parish, Louisiana,
where all legal process shall be served
according to law.
ARTICLE II.
The purpose of this corporation and
the objects for which it is organized
and the nature of the business to be
carried Oh by it are hereby declared to
be, to mine, drill, explore and develop
lands for oil, gas and other minerals, to
buy and sell oil and other minerals ;
to produce and refine crude petroleum ;
to buy crude petroleum for the purpose
iof refining same, and to sell crude pc
ttroleum and all of the products result
ing from the refining of the same; and
TO that end to establish such refneries
as in the discretion of the board of di-
rectors may be necessary TO establish
land maintain pipe lines and other means
lof transportation for oil and gas, and
for the products of oil; and generally
Ito do and perform each and everything
that is necessary TO carry out the pur-
Iposes for which this corporation is or
ganized.
ARTICLE III.
i The capital stock of this corporation
is hereby fixed in the sum of twenty-five
Thousand ($25,ooooo) dollars, divided
into two hundred and fifty (25o) shares
at the par value Of one hundred dol
! lars (Szoooo) per share. Said stock
shall be issued for not less than par and
shall be paid for in cash or in property,
lor may be issued for services rendered
said corporation in such manner as the
Eboard Of directors may determine, pro-
I vided however, that this corporation
shall have the right to begin business
when FIVE thousand (S5,ooo.oo) dollars
lof its capital stock shall be subscribed
ard paid for in full.
ARTICLE ".
i The corporate powers Of this corpor-
alton are hereby vested in board OF
i directors to be composed Of FIVE stock
1 Iholders. which board shall be elected
i annually on the first Monday in May of
leach year beginning wit hthe first Mon
| day in May 1912. The officers of this
!. company shall be president, vice pres
i,lent and secretary ard treasurer, all Of
WHOM shall be selected from the board
,,Iof directors except the secretary and
] Etreasarer. Any stockholder may be
elected secretary and treasurer. The
lboard Of directors shall elect the officers
'Iof this company, and the first board Of
directors and officers Of this company
until The first Monday in May 1912, or
4 until their successors shall be elected,
shall be as follows: G. p. Webster.
.Ipresident J. G. Gossett, J, F. Jamison,
i F. w. Plumb, w II. B. Groom, vice
ipresident; ] E Groom, secretary and
treasurer. Should vacancy occur in
the board Of directors by death or re-
'Esignation Of d director, the remaining
directors shall elect his successor. Three
members of the board of directors shall
constitute quorum for the transaction
Iof all business. The directors shall be
elected by the stockholders, and each
share Of stock shall be entitled to one
vote to be cast by its owner in person
Tor by proxy. and the majority Of votes
shall elect. The board of directors shall
1have full power and authority to enact
such rules, bylaws and regulations for
the management and the conduct of the
business of this corporation as it may
| deem necessary or expedient.
ARTICLE ".
/ This charter NAV be modified. changed