The Caucasian., 1913-10-21
CHARTERS
OF the OIL City Trading and Drilling
Company.

ish and State above written, duly
commissioned and qualified and act
ing as such, personally came and
appeared the several persons whose
names are subscribed hereto, and
who declared that they do by these
presents constitute and form them-
selves into a body polite or corpor-
alton, as we'll as such other persons
as may become associated with
them, under the laws Of the State of
Louisiana, in terms and conditions
as follows, tO-Wlt:
ARTICLE |.
The name of the corporation shall
be the Oil City Trading and Drilling
Company. It's domicile shall be at
Shreveport, Caddo Parish, State of
Louisiana. Citation and other legal
process shall be served on its pres
ident, or in his absence On the vice
president, OF in his absence on such
persons as may be designated by the
law. 1t shall enjoy succession under
its corporate name for a period OF
ninety-nine years.
ARTICLE II.
Under its corporate name it shall
have the power to contract, sue and
be sued; to make and use corpor-
ate seal; to hold, receive, purchase,
convey, mortgage, pfedge and hy-
pothecate all kinds of property; to
name and appoint such managers,
directors and officers as its inter-
ests and convenience may require;
to make and establish such bylaws
and rules for the proper regulation
of its affairs as may be deemed
requisite and necessary, and shall
have all such other and further
powers as are now or may hereafter
be conferred by law on corporations
and associations ofCsame and SIM
liar kind. rs
ARTICLE III.
The purposes for which this COM
pany is formed are to buy, hold,
own, mortgage, sell and deliver
property, immovable and movable;
to develop, drill and lease property
for oil and gas purposes; to market
oil and gas, and to build, acquire
and operate such pipe lines, tanks,
tank cars, and other appliances as
may be deemed necessary thereto.
ARTICLE ".
The capital stock is fixed at
twenty-five thousand 1925, 100000
dollars, divided into two hundred
and fifty shares of one hundred
(SiOO.OO) dollars each. No stock shall
be issued until fully paid for; No
transfer of stock shall be binding on
the corporation until transferred
on the books of the corporation.
Stock subscriptions shall be paid
flor in cash, service of property,
provided the service and property
be fixed at value placed by the
board of directors. The corporation
shall commence doing business
when three thousand (S3,OOOOO) dol
| lars of stock has been subscribed
and paid for.
ARTICLE V.
The corporate powers of this cor
poration shall be vested in and it's
affairs shall be managed by a board
Of directors, three in number, to be
elected by ballot by the stockhold-
ers at meeting to be held at the
domicile of the company on the
tseeond Tuesday Of November Of
each year, beginning in 1913. Unit
such election the following shall
compose such board of directors
lW. L. Carter, president; Alex Pour
teau, vice president; and J. J. Dar-
by, who shall be secretary treasur.
er. The officers shall be elected
viva yoce at a meeting of the di-
rectors called for that purpose. Va
cancies on the board may be fillet
for the unexpired term by the re
naming directors. The board mem
bers may by written proxy act TO
each other at board meetings
The board of directors may en-
|play general manager an.
Isuch other agents as the in
terests OF the company may re
Iquire, and discharge them at pleas
lure; each director shall own. at leas
lone share of stock in the corpora
tion. Three directors shall consti
Itute quorum of the board for tn
TRANSACTION of business, who shal
attend in person or proxy. Tn
board of directors shall be increase
Tor decreased at the will of tn
stockholders as evidenced by vot
l4of three-fourths Of the stock at
Injecting called for the purpose.
ARTICLE VI.
The corporation may be dissolve