The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-26
CHARTER
OF the Security Oil Company.

State of Louisiana, Parish OF Cad
do: Be it remembered that on this
day. before me, J. A. Thigpen, no
tary public, came and appeared the
parties whose names are hereunto
subscribed, who declared that avail
ing themselves Of the provisions OF
the laws of this State relative to
corporations, they have formed a
corporation under the name and
style, and with the powers and priv
ileges hereinafter stipulated, to-Wlt
ARTICLE |.
The name Of this corporation shall
be Security Oil Company, with Its
domicile in the City Of Shreveport,
Eaddo Parish. La, and under SAID
corporate name it shall have and
enjoy succession for period OF
ninety-nine (99) years, unless soon
er dissolved as hereinafter stated.
All legal process shall be served on
the president, or in his absence at
the office of the corporation, &C
cording to law.
ARTICLE II.
The object and purposes OF this
CORPORATION are hereby declared to
be to engage in the business OF
drilling, mining and exploring for
oil, gas and other minerals, with
the right to- do any and everything
incidental thereto, including the
establishment and building OF pipe
lines for the purpose OF transporta-
ton of such products; and the pur-
chase and sale of such mineral pro-
ducts as may be obtained by its min
ing operations; and the purchase,
lease and sale of lands and personal
property; and in general the doing
of any and every act necessary, in
cident to or consistent with the gen.
eraI purpose of the company to
mine, market, transport and sell
natural gas and petroleum, includ-
ing the right to refine crude oil; Civ
ing the corporation the right to
qualify under the laws of the State
as a common carrier of such pro-
ducts.
ARTICLE III.
The capital stock of this corpora
fion is fixed at the sum of fifty
thousand (S50,000.0O) dollars, divid-
ed into five hundred shares of the
par value of one hundred 100000
dollars per share. This corporation
is authorized to commence business
%henever three thousand (S3,0OG00)
dollars of its capital stock is sub
scribed 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 in payment of
property, real or personal, or for
services rendered to the corporation
as may be determined by the direc-
tors.
ARTICLE ".
The corporate powers of this cor
poration are hereby vested in a board
Of directors consisting of three
stockholders, the majority of whom
shall constitute quorum for the
transaction of business. The said
board shall be elected annually at
the annual meeting of the stock
holders of the corporation, to be
held On the first Monday in January
of each year, beginning with the |
year 1914. The officers of the COM
pany shall be president, vice pres
ident and secretary-treasurer, to be /
elected by the directors. Until their
successors are elected and qualified,
the first board of directors shall |
consist of the following: R. S. Ayers,
president; J. L. Bowman, vice pres
ident, and Geo. G. Dimick, secre-
tary- treasurer. Said board shall |
have power to select and appoint |
such other officers as they may de-
sire, and to make and establish such
bylaws for the proper management
and regulation of the affairs of the
corporation as may be proper, which
bylaws shall be binding On the
stockholders as if written in this
charter.
ARTICLE V,
Whenever this corporation is dis
solved by limitation or otherwise,
its affairs shall be liquidated by two
persons selected for the purpose at
a stockholders meeting duly held;
and said liquidators shall perform
such services and give such security
as the stockholders may require.
ARTICLE vi.
At all meetings of the stockhold-
ers each share of stock shall be en-
titled to one vote, to be cast in per-