The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-04
CHARTER
OF The Clear Lake Oil Company

49, A'@AA N~AAN-
duly commissioned and qualified
came and appeared the several per-
sons whose names are hereunto
subscribed, and who declared to me,
notary, in the presence Of attestlns
witnesses, that avalling themselves
Of the provisions Of the laws OF the
State Of Louisiana relative to the
organization Of corporations, they
have agreed and covenanted and do
by these presents covenant and
agree to form and organize them
selves into a corporation and body
polite for the purposes and under
the conditions and for the consld-
GRAFTON hereinafter set forth.
ARTICLE I.
The name and style Of this cor
pOration shall be The Clear Lake
Oil Company, and under its name
shall have power and authority TO
contract, sue and be sued; to make
and use a corporate seal and the
same to alter or break at pleasure;
to hold, receive, have, purchase,
ALLEVIATE, convey, sell, pledge, mort
gage, .hypothecate or lease property,
real and personal; to name and ap-
point such officers, directors, agents
and employees as the interests and
conveniences Of the said corpora
ton may require; to make and es-
tablish bylaws, rules and regula-
tons for the proper management OF
it's affairs as may be deemed requIs-
tie or necessary to properly carry
out the objects and purposes OF this
corporation.
ARTICLE II.
The domicile Of this corporation
is hereby declared to be in the City
Of Shreveport, La, above Parish
and State, where all legal process
shall be served This corporation,
unless sooner dissolved as herein
after provided, shall exist for a pc
Rod of fifty years from and after
the date hereof.
ARTICLE III.
The objects and purposes for
which this corporation is organized
are hereby declared to be to buy
and sell, pledge, mortgage and by
pothecate and lease and otherwise
dispose of or cucumber property
real, personal and mixed; to lease
lands for itself or for and as the
agent of others, and to drill, mine
or bore on same for the develop
| ment Of minerals therein and there
under; to erect, construct and ope-
rate power plants, pipe lines for the
transportation of oil, gas and water
upon lands Of this corporation and
upon lands Of others; to build, con-
struct and operate reflneries; anc
10 do any other act and thine
requisite or incidental to the carry
ing out Of the purposes for which
), this corporation is organized.
ARTICLE ".
The capital stock of this corpora
ton shall be one hundred Thousand
| (slOO, 100000 dollars divided into on
| thousand shares of one hundred
| dollars each, which stock shall b.
paid for in cash, property or ser,
vices actually received or rendered
the corporation; and this corpora
ton is authorized to commence bus
mess whenever three thousand dol
lars of its capital stock is sub
scribed; and no stock shall be is
sued and delivered until the sal
consideration therefor has been re
ceiyed: no transfer of stock shal
have any effect upon the corpora
ton unless made upon its books
and then only upon proper surren
der Of the certificate therefor.
ARTICLE y.
The corporate powers OF this cor
poration shall be vested in and ex
ercised by a board Of five director
elected by the stockholders. TIL
following persons shall constltut
the first board of directors: D.
Richardson, resident of Caddo Par
ish. La; D. C. Richardson Jr., resi-
dent Of Caddo Parish, La; c. |
Wheeler, resident Of Caddo Parlsl
La: Sam NJ. Richardson, resident c
Caddo Parish, La; and q. e. Abel
nethy. Of the board Of director
S and Of this corporation D. q. Rich
ardson shall be president; p.
Richardson Jr., vice president, an
q C. L. Wheeler secretary-treasure
The officers and board Of director
shall hold office for one year tfol
date hereof or until their successor
are duly elected and qualified. III
hoard of directors shall be electe
annually by the stockholders, al
the officers Of this corporation sila
be elected by the board of director
ra c,nnnr tie nanharS The al