The Caucasian. (Shreveport, La.) 1900-192?, 1912-12-29
CHARTER
OF the S-B-H Oil Company.


do: Be it remembered that on this
day, before me. J. A. Thigpen, no
tary public, came end appeared the
parties whose names arc hereunto
subscribed, who declared that avail
ling themselves Of the provisions OF
the laws Of this State relative &c
corporations, they have formed q
Incorporation under she name and
Istyle, and with the powers and priv
Iileges hereinafter stipulated, TO-
wit:
! ARTICLE l.
| The name Of this corporation
Ishall be- "S-B-H Oil Company" with
Its domicile in the City Of Shreve-
port, Caddo Parish, La, and under
said corporate name it shall have
and enjoy succession for a period
of ninety-nine (99) years, unless
sooner dissolved as hereinafter
stated. All legal process shall be
served on the president, Or in his
absence at the office of the corpora
ton. according to law
ARTICLE II.
| The object and purposes of this
corporation are hereby declared to
be the business of buying and sell
ing oil, with the right to do any and
everything incidental thereto, in
Guiding the establishment and
building of pipe lines for the pur-
pose of the transportation of such
product; and the business of min
ing for oil and other minerals; and
the purchase and sale of such min
eral products as may be obtained by
its mining operations; and the pur-
chase, lease and sale of lands and
personal property; and in general
the doing of any and everything
necessary, incident, or consistent
with the purpose OF mining, pur-
chasing, marketing, transporting
and selling petroleum oil and other
minerals; giving the corporation the
right to qualify under the laws Of
the State as common carrier of
such products.
ARTICLE III.
The capital stock of this c0rpOr-
alton is fixed at the sum of fifty
thousand (s5O,0OO00 dollars, d.
vided into five hundred shares Of
the par value Of one hundred (S10O)
dollars per share. This corporation
is authorized to commence business
whenever ten thousand ,si0,00O.00)
dollars Of its capital stock is sub
scribcd for and paid in cash, or its
equivalent. No stock shall be issued
until the same is fully paid for, but
stock may be issued in payment of
property, real or personal, or for
services rendered to the corpora
ton as may be determined by The
directors.
ARTICLE ".
The corporate powers Of this cor
pOration is hereby vested in a board
of directors consisting Of three
stockholders, the majority of whom
shall constitute quorum for the
transaction OF business. The said
board shall be elected annually at
the annual meeting of the stock
holders of the corporation to be
held on the first Monday in January
of each year, beginning with the
year 1914. The officers of the COM
pany shall be president, a vice
president and socretary-treasurer,
to be elected by the directors. Until
their successors are elected and
qualified, the first board of direc-
tors of the corporation shall con-
sist of the following: D. P. Batch
elor, S. P. Schenberger> and S. S.
Hunter, with d. p. Bachelor asI
S. s. Hunter as vice pres
ident. and S. P. Schenberger. as Sec
retary-treasurer. Said board shall
huFO pS"Ct W SClCtI dEu dpptillL
such other officers as they may de-
sire, and to make and establish such
bylaws for the proper management
and regulation of the affairs of the
as may be proper,
which bylaws shall be binding on
the stockholders as if written in
this charter.
ARTICLE V.
Whenever this corporation is dis
solved by limitation or otherwise,
is affairs shall be liquidated by two
persons selected for the purpose at
a stockholders meeting duly held:
mad said liquidators shall perform
such services and give such secur-
ty as the stockholders may require.
ARTICLE VI.
AT all meetings of the stockhold-
rs each share of stock shall be en-
tiled to one vote TO he cast in ner