The Caucasian. (Shreveport, La.) 1900-192?, 1913-03-09
CHARTER
OF the Oil City Development Com
pany.

such, personally came and appeared
the several persons whose names
are subscribed hereto, and who de-
clared that they do by these pres
ents constitute and form themselves
into a body polite or corporation.
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-Wit:
ARTICLE |.
The name of this corporation
shall be The Oil City Development
Company. Its domicile shall be at
Shreveport, Caddo Parish, State of
Louisiana. Citation and other legal
process shall be served on ito pres
ident, or, in his absence, on the
vice president, or in his absence on
such persons as may be designated
by law. 1t shall enjoy succession
under Its corporate name for Pc
ItUu VI SCoi
ARTICLE II.
Under its corporate name it shall
have power to contract, sue and be
sued; to make and use a corporate
seal; to hold, receive, purchase,
convey, mortgage, pledge and by
pothecate all kinds of property; toI
name and appoint such managers,
directors and officers as its interests
and convenience may require; tol
make and establish such bylaws
and rules for the proper regulation
of its affairs as may be deemed re-
quisite and necessary, and shall
have all such other and further
powers as are now or may hereafter
be conferred by law on corporations
or associations of the same or SIM
liar kind.
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 or 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 fifty
thousand and no-100 dollars, divided
into five hundred shares of one hum
dred dollars each. No stock shall be
issued until fully paid for; no trans
fer of stock shall be binding on the
corporation until transferred on the
books of the company. Stock sub
scriptions may be paid for in cash,
service or property, provided the
service and property be placed at
value fixed by the board of direc- /,
tors. This corporation shall COM ]
mence doing business when five
thousand (s5,OOO0O) dollars of stock
had been subscribed and paid for {
ARTICLE V.
The corporate powers of this cor
poration shall be vested in and its .
affairs shall be managed by a board i.
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 sec Z
ond Tuesday of November of each
year, beginning in 1913. Until such !,
election, the following shall COM : :
pose the first board of directors: w.
Z. Carter, who shall be president;
". P. Parks, who shall be vice pres 4
ident; and I. C. MCGEE, who shall be r
secretary-treasurer. The officers
shall be elected viva voce at meet h
ing of the directors called for that p
purpose. Vacancies on the board
may be filled for the unexpired term L
by the remaining directors; board 81
members may by written proxy act
for each other at board meetings. 7
The board of directors may employ 81
ageneral manager and such otherl
agents as the interests of the COM
pany may require, and discharged O
them at pleasure; each director J
shall own at least one share of stock
n the corporation. Three directors P
shall constitute a quorum of the E
BOARD for the transaction of bust
hess, who shall attend in person or
~ written proxy. The board of di- d.
'ectors may be increased or de- m
reased at the will of the stockhold-
rs as evidenced by vote of three H
;Ourths of the stock at a meeting NJ
allied for that purpose. cl
ARTICLE vi.
The corporation may be dissolved =
t any time by three-fourths vote - -
f the stockholders, and when it is -