The Caucasian. (Shreveport, La.) 1900-192?, 1911-05-02
CHARTER
OF THE LA PENN OIL COMPANY.

State Of Louisiana, Parish Of Cadde
Before me, /. Barnett, a notary public
i'll and for the Parish of Caddo and
State OF Louisiana, duly commissioned
and sworn, OH this Goth day of April
1911, came and appeared the parties
whose names are hereunto signed and
| declared to me, notary and to the TN
| 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
| icles, t0-wit:
ARTICLE l.
| 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 all oil company in dc.
yeloping lands for oil, gas and other
| minerals, as well 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 IT,
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 minerals; the drilling, mining ard
lexploring said lands in the State of
Louisiana and elsewhere, as the board
Of directors may direct, for oil, gas and
other minerals, including the right to
Iproduce water and to utilize the same
as the directors may deem proper; to
lay pipe lines, establish stations, loading
racks, cofnmissaries, 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
(Sso.ooo) dollars divided into six hum
bred shares at the par value of fifty
. $500 dollars per share, and the corpoT-
: alton is to begin business when fifty per
Ieent Of the capital stock shall have been
subscribed for and paid into the treasury
either III cash or property equivalent
thereto
I ARTICLE V.
The powers OF this corporation are
vested in the board of directors com
posed OF three stockholders Of the com
! Inany who shall hold office until their
successors shall be duly elected and
Qualified. The stockholders shall hole
an annual meeting on the third Monday
lof April of each and every year here
after beginning on the third Monday II
April 1912, at which annual meeting Of
the stockholders directors shall be elect
ed for the next ensuing year, and saio
Stockholders meeting shall transact sucf
Iothef business as may properly come be.
fore said meeting, which annual meet
ing Of the stockholders shall be imme
diately followed by an annual meeting o
the directors who shall elect officer
for the ensuing year and attend to sucf
other matters as may properly come be
fore the directors meeting. The frs
board Of directors who shall serve unit
the next election i'll 1919, are hereby de,
sie1atcd. Lee Stout, r. r Hoffman anc
4 Obie White, all residents Of the Parish
Of Caddo, State of Louisiana.
ARTICLE VI.
The officers of this corporation shall
Z be a president, vice president, secretary
and treasurer, all of whom shall be di
3 reetors The office of secretary and tn
: office Of treasurer may be combined Q
either may be combined in one oftic
with the president OF vice president ant
said officers for the first year are hereb
designated as follows R. F. Hoffman
president; Lee Stout, vice president AM
secretary; and Obie White, treasurer
No officer shall ever be elected in thi
corporation who is not stakeholder i
the same. The powers and authority 0
the officers above named shall be sue
AS arc contemplated by the laws Of til
state and such as may be fixed BY tn
bylaws OF the corporation which ma
be adopted from time to time by tn
directors.