The Caucasian. (Shreveport, La.) 1900-192?, 1911-05-18
CHARTER
OF THE WEBSTER REFINING
COMPANY OF LOUISIANA.


duly commissioned and-swern, came
and appeared c. D. Webster, a resident
Iof Orange, Texas, w. H. B. Groom, F
Nv. Plumb, Charles Ogerly, J. F. Jami-
son. L. n Crisp, all residents of Caddc
1 Parish, Louisiana, who declared to me
notary, in the presence of the under
| signed competent witnesses, that they
do hereby form themselves with such
others as may hereafter become asso-
iciatd with them, into a corporation and
body polite under the laws of the State
lof Louisiana. under the conditions and
stipulations as follows, to-wit:
ARTICLE |.
The name and style of this corpora
ton is hereby declared to be WEB
ISTER REFINING COMPANY OF
LOUISIANA, under which said name
it shall enjoy corporate existence for a
period of ninety-nine 900 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 by
pothecate 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 Of
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 on 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
of refining same, and to sell crude pc
troleum and all of the products result
ing from the refining of the same; and
Ito that end to establish such rehneries
as in the discretion of the board of di-
rectors may be necessary. To establish
and maintain pipe lines and other means
of 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
gained
ARTICLE III.
The capital stock of this corporation
is hereby fixed in the sum of twenty-five
Thousand ($25,ooo.oo) dollars, divided
into two hundred and fifty (25o) shares
at the par value of one hundred dol
lars ($toooo) per share. Said stock
shall be issued for not less than par and
shall be paid for in cash or in property,
Tor may be issued for services rendered
said corporation in such manner as the
board of directors may determine, pro-
vided however, that this corporation
shall have the right to begin business
4 when FIVE thousand ($5ooooo) dollars
lof its capital stock shall be subscribed
and paid for in full.
/ ARTICLE ".
| The corporate powers of this corpor-
alton are hereby vested i'll a board OF
directors to be composed of FIVE stock
holders. which board shall be elected
annually on the first Monday in May o.
/ each year beginning wit hthe first Mon.
i day iii May 1919. The officers OF this
company shall be a president, vice pres
ident and secretary and treasurer, all o
Whom shall be selected from tbs boare
lof directors except the secretary ant
treasurer. Any stakeholder may b.
Ie1ected secretary and treasurer. III
board of directors shall elect the officer
lof this company, and the first board o
directors and officers of this compan
] until the first Monday in May 1912, o
lttnti1 their successors shall be elected
lshall be as follows c. D. Webster
!. president; ]. G. Gossett, ], F. Jamisor
.lF. w. Plumb, w. H. B. Groom, vic
!, president; ]. E. Groom, secretary an
] treasurer. Should a vacancy occur
j the board of directors by death or re
Isignation of director, the ren1ainii1
!. directors shall elect his successor Tire
members of the board of directors sha
). constitute a quorum for the transactio
. Eof all business The directors shall /
elected by sthe stockholders, and eac
share of stock shall be entitled to OF
vote to be cast by its owner III perso
Tor by proxy. and the majority OF vet'
Ishall elect. The board of directors sha
thave full power and authority to ena
: such rules, bylaws and regulations Il
: the management and the conduct OF tt
business of this corporation as IT m;
deem necessary or expedient.
d ARTICLE v.
d, This charter may be modified, change
= Al. t1,,c iii