The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-08-23
CHARTER
or THE
Iatt Oil Company, Limited
STATE OF LOUISIANA
PARISH GRANT

",
ally came aud appeared the persons whose names
hereuuto signed. who declared unto me In
the presence of the undersigned two competent
witnesses. that av siling themselves OF the Con
stitutiou aud Laws of the State OF Louisiana
and especially Of Act Isl OF the Acts Of the Cen
eral Assembly Of the State of Louisiana for the
year 1902. relative to the formation Of CORPORA
tions. they have formed and do by these pres
ents form and constitute themselves as well as
| such other y may hereafter be asssoci-
| ated with them into limited corpora ton aud
body polite in law, and to that end they hereby
sdopt the following charter aud act of incorpor-
| ition to-wt:
ARTICLE ONE.
The name aud style OF this corporation shall
he IATT OIL COMPANY. LIMITED and its
domicie shall be and is bereb = established al
| colfax. In Grant parish. Louisiana. and under
its said corporate name 1t shall have and enjoy
succession for a period OF ninety nine years I'M
less otherwise sooner dissolved as hereinafter
set forth. and the power To contract sue and be
sued; To own property. real. personal and mix
ed aud to sell. mortgage. pledge, affect. and by
poth-cate the at it's pleasure.
ARTICLE TWO.
The nature of the business to be carried on
aud the purposes for which this corporation is
esta bshed are hereby declared tn b. as follows:
To develop OIL gas and other minerals any
property owned. leased or controlled by 1t. la
the State of Louisiana or elsewhere; TO drill
wells for gas and oil, and to sell the product
| thereof; to construct. maintain aud operate pipe
lines for the transportation Of OIL gas and other
minerals, and products obtained from the same
or otherwise; t. construct and carry works
to supply cities aud towns with gas. electricity
water. and fuel oil. or any Of them; to establish
plants for the purpose OF refining oil; To open
aud work mines; to bore for oil. petroleum. gas.
salt other mineral or eartbern products and
to establish pipe lines other means of trans
portation Of such products to market: and gen
| orally to do aud perform any and all things nee
essary for the fulnllment 81 the purposes above
set forth. aud to that end to engage in any bust
Hess not specially mentioned above incident TO
it's business dealings necessary and convenient
thereto. aud to make and sign any and all con
tracts and agreements aud to und -rtake any
aud all obligations necessary and proper or con-
nected with it affairs.
ARTICLE THREE.
This corporation shall have power to make
and a seal with such device may be desir-
ed and to alter and change the same at pleasure
and In the name aud style above set forth. il
shall have power and authority to sue and be
sued TO plead and be implicated. to purchase.
own. lease sell. mortgage and affect and other
wise dispose of or cucumber its properties ac-
qured or to be acquired
1t shall have power to elect directors to APP
point aud employ servants agents. clerks, ana
any and all kinds of employees necessary to car
tion aud to nix their salaries and compensation:
to execute aud sign promissory notes. to SELL
transfer aud endorse accounts. drafts aud con-
tracts and To undertake all necessary obliga-
lions for the proper transaction of their bust
nesses above set forth and to carry out the
uses and purposes for which this corporation is
organized.
To make all rules and bylaws and regulations
for the conduct and government OF it's several
affairs and the furthersnce OF it's purposes not
contrary to law or Inconsistent with this charter
ARTICLE FOUR
The capital stock 81 this corporation Is hereby
fixed at One Hundred Thousand Dollars divided
into one thousand shares Of the par value Of one
hundred dollars each. and all stock shall be paid
for in cash or for services rendered OF property
transferred to the corporation. as per actual
! value thereof and ali stock shall be fully paid
for aud no certificate of stock shall be issued I'M
til paid for in the manner prescribed.
Certificates of stock shall be signed by the
president and the secretary under the seal Of the
corporation.
This corporation may commence business and
IL authorized to do as five thousand
dollars Of the capital stock have been subse ribed
and paid for.
ARTICLE FIVE.
No stock of this corporation shall be sold to
any other than stakeholder therein until the
same has oeen offered for sale to the stockhod-
ers for a period OF ten days. allowing the stock
holders the privilege OF purchasing the same at
q fixed price. This ten days notice shall be con-
sidered as given when written printed notice
OF the offer Of sale. naming the price. has been
posted for ten days In the Office OF the company
at its domieile
No transfer of stock shall be binding until the
same has been entered on the books of the CON-
pany.
ARTICLE SIX.
All the powers OF this corporation are hereby
vested in Board of Directors. to consist of nine
stockholders. i've of whom shall constitute a
quorum for the transaction OF business. and
their acts shall be valid corporate acts.
The Beard Of Directors shall be elected by the
stockholders annually at the annual meeting OF
the stockholders. which annual meeting shall be
held ON the second Tuesday OF the month OF
April OF each and every year. beginning with the
year 1914, aud the directors herein named and
their successors when elected shall hold Office
until the election OF their successors. Theboard
Of directors shall be elected by a majority vote
Of the storkholderS aud shall be by ballot each
stoc kholder shall be entitled to many votes
AS there are shares OF stock standing in his name
ON the books OF the corporation. and any stock
holder mas vote either In person or by written