The Caucasian. (Shreveport, La.) 1900-192?, 1912-08-08
CHARTER
OF the Process Oil Company Limited

CHARTER
OF the Process Oil Company Limited
State of Louisiana, Parish Of Cad
DO: Be it remembered that on this
day, before me, John F. Slattery, a
notary public in and for said Parish
and Stale, duly commissioner and
sworn, personally came and APP
prar"d +. w. Plumb, J. Milo Smith,
Eli Gras, August Cazoaux, and
f.. W. Hamiter, all residents of
he said Parish and State. who
stated and declared to me, notary,
HAT awaiting themselves Of the Con
stitutlOn and laws of the State of
Louisiana, they have formed and
constituted themselves, as well as
such persons as may hereafter be
come associated with them, and do
by these presents form and Consti-
tutc themselves into corporation
and body corporate and have adopt
ed and ordained as their charter-Or
act of Incorporation the following,
tO-Wit:
ARTICLE |.
The name and title of this corpOr-
alton shall be The Process Oil Com
pany, Limited, and its dOmiclie al
i the City of Shreveport, in the Par
Ish Of Caddo, State of Louisiana, and
under its corporate name it shall
have and enjoy succession for a pc
riOd of fifty ears, unless sooner dis
solve da sherewithin provided. All
| legal process shall be served on the
president Of the company, or in his
absence on the vice president OF the
company at their office.
ARTICLE II.
This corporation is formed for
the purpose and the nature of bust
ness to be conducted by it is hereby
| declared to be: TO acquire, lease
and own both real and personal
property; to drill, bore and explore
for oil, gas or other minerals, and
Ito acquire, lease or own such lands
for such purposes, and to build, con
struct, lease or own pipe lines, tank
cars or other means of transpOrta-
ton for oil, gas and other minerals,
land to do any and all things in con
Injection with said purpose which;
Imay be necessary for the prope:
lOperatiOn thereof.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the sum OF
one hundred and fifty thousand dol
| lars (Si5O,0OO), divided into fifteen
Thousand shares of the par value OF
Ten dollars each, and it shall com
mence business and become a going
lconcern whenever five thousanc
dollars of its capital stock is sub
scribed and paid for in full. Capita
stock may be paid for in cash, labor
or property at valuation to be
fixed by the board of directors, anC
; when issued shall be fully paid anC
non -assessable.
ARTICLE ~.
The affairs of ills corporation
= shall be managed and conducted b!
a board of directors consisting O
five stockholders of this corporation
/ TO be elected at a general stOckhold
i ers meeting on the first Tuesday 0
= July of each year, who shall hol'
S their offices for one year, or unit
/ Their successors are elected and III
i stalled. and any vacancy Occurrln
i in said board of directors shall b
/ filled by an election, by the boar
/ of directors, of any stakeholder TO
the unexpired term. Until the elet
lion on the first Tuesday in Jul
l. 1913 the following shall cOnstltut
# the first board of directors Of thi
n CORPORATION: T. w. Plumb. J. Mil
e Smith. Eli Gras, Angst CaZauX,
n, w, Hamiter. The officers of this col
l. poration shall be a president, vic
e president, secretary and treasure
Ig and the first officers of said corpO
ID alton are declared TO be: F. V
y Plumb, president and general mai
lie lager; August CaZaux, vice pres
dent: Z. W. Hamiter, secretary; I
id Gras, treasurer. The board Of dire
ir tors shall have the power to nal
s. and adopt all necessary rules, reg