The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-15
CHARTER
OF The Rotary Oil Company.


do: Be aforementioned that on this
day before me, J. A. Thigpen, notary
public, came and appeared the par
ties whose names are hereunto sub
scribad, w. declared that awaiting
Themselves of The provisions Of the
IaWssSa1TT this State relative to cor
poratons. they have formed a cor
roEatiDn under the name and style
and OF The powers and privileges
hereinafter stipulated, tO-Wit:
ARTICLE l.
The name of this corporation shall
be The Rotary Oil Company" with
its domIcilc in the City of ShreVe-
port, La, and under said corporate
name it shall have and enjoy sue
cession for a period of nlnety-nlne
(ooy years, unless sooner dissolved
as hereinafter stated All legal pro-
cess shall be served upon the presi-
dent or i'll his absence atzthe office
of the corporation according to Jaw.
ARTICLE II.
The objects and purposes of this
corporation is hereby declared to be
the business of mining for Oil, gas
and other minerals, with the right
to do any and everything incidental
thereto, including the building Of
pipe lines, and the purchase, lease
and sale of0}lands and personal
property, and for the purpose of
holding lands foH development by
other persons or Corporations.
ARTICLE Ill.,
The capital stock of this corpora
ton is fixed at the sum of twelve
thousand (sl2,ooo.oo}adollars, divid-
ed into one hundred and twenty
shares Of the par value of one hun-Ss
dred dollars per share. This corpor-
alton is authorized to commence
business whenever the full amount
of W capital stochis subscribed 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 i'll payment Of prop
erty, real or personal, or for ser
vices rendered to the corporation,
as may be determined by the stock
holders.
ARTICLE ".
The corporate powers Of this cor
poration shall be vested in and ex-
ercised by a board of three direc-
tors chosen from the stockholders,
two Of whom shall constitute a quo
rum for the transaction Of all bust
ness, VINO shall be elected annually
on the first Monday in May of each
year, beginning with the year 1914.
Until its successors are elected and
qualified. The board of directors is
hereby declared TO be J. A. Henry,
Harry l.. Miller. and II. J. Hayes. The
officers of the company shall be
elected by the directors annually
beginning with the6tirst Monday in
May 1914, and until such date the
officers are declared to be Harry L.
Miller, president, and j. A. Henry,
secretary-treasu At all meetings
of stockholders the majority of
stock shall elect the directors, and
in all elections Or proceedings o5
stockholders each share of stock
shall be entitled TO one vote. Notice
of all elections or meetings OF
stockholders shall be advertised ten
days prior thereto i'll public news
| roper published in the City Of
Shreveport.
ARTICLE V.
| Whenever this corporation is dis
solved, either by limitation OF its
charter or from any other cause, its
affairs shall be liquidated by two
persons selected for the purpose at
a stockholders meetings duly held;
and said liquidators shall perform
SUCH services and give such security
as the stockholders may require.
| AR10CLE VI.
i No stockholder6of. this corpora
ton shall ever be held liable or re-
sponsible for the contracts or faults
thereof in any further sum than
the unpaid balance due the COM
pany on their stock; aad no lnfor-
mality in organization shall have
the effect q rendering this char'er
null or Of exposing its stockholders
to any, loss beyond the amount OF
their capital stoelk5.
Ia witness of which the parties
have signed this instrument IN tii3
presence Of me, notary, and G. kei-
Ter and r. Wolf, competent Wi
. nesses, on this 18th day of June19
]. A. HENRY.
-..:.. HARRY l.. MILLER,
6by J. A. Henry.
! II. ]. HAYES,