The Caucasian. (Shreveport, La.) 1900-192?, 1913-04-03
CHARTER
u the Oil City Development Com.
pany.

.nI pupilc IN and for the parist
and State above written d,,,. rapls'
n'iss'ohed' qualified and actine -,
,ho persohaly came and appeareC
'l'e several persons whose n"', 90
are subscribed hereto, and who do
ieu that they do by these pres
ehls constitute and form thamsa,,o.
ln'o a body polite or corporation
40 wen as such other persons as
may become associated with thon,
f''uer the laws of the State Of
Louisiana, in terms and conditions
as follows, to-wit:
ARTICLE l.
Inc name of this corporation
s,lali De The Oil City Development
company. Its dOmicile shall he at
shreveport, Caddo Parish, State of
Louisiana. Citation and other legal
process shall be served on its pres
loent' or, in his absence, on the
vice president, or in his absence on
sach persons as may be designated
ny law. 1t shall enjoy succession
under Its corporate name for a De-
ROD OF nlnety-nine years.
ARTICLE H.
Under its corporate name it shall
nave power to contract, sue and be
sued; to make and use a corporate
seal; to hold, receive, purchase
convey. mortgage. pledge and hy-
pothecate all kinds of property; to
name and appoint such managers,
directors and officers as its interests
and convenience may require; to
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-i00 dollars, divided
into five hundred shares of one hun
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
scmptions may be paid for in cash,
service or property, provided the
service and property be placed at a
value fixed by the board Of direc-
tors. This corporation shall COM
mence doing business when five
thousand ($5OOO.OO) dollars Of stock
had heen subscribed and bkid for.
ARTICLE v.
The corporate powers Of this cor
poration shall be vested in and It's
affairs shall be managed by board
Of directors, three In number, to De
elected by ballot by the stockhoid-
ers at a meeting to be held at the
domicile Of the company on the sec
ond Tuesday OF November OF each
wear, beginning in 1919. Until sucn
election, the. following shall COM
nose the first board Of directors: W.
L. Carter, who shall be president
W. P. Parks, who shall be vice pres
ident: and /. C. MCGEE. who shall De
secretary-treasurer. The ofneer'
shall be elected viva voce at a meet
ing of the directors called for tna'
n,lrpose Vacancies on the Doafe
NAV be filled for the unexpared term
nv the remaining directors; Doafo
members may by written proxy ae'
for each other at board meetings
The board of directors may employ
aeeneral manager and such o''ie'
agents as the interests OF the com
pany may require, and dls s.s,
them at pleasure; each dlrec1u'
shall own at least one snare o. e.oon
in the corporation. Three direc'uIl
shau constitute a quorum OF tn'
hoard for the transaction OF Dusl.
mess who shall attend IN person W
nv written proxy. The board o. ~.
rectors may be increased Or ue'
creased at the will Of the stockhoiu-
orc az evidenced by vote OF three
otnoE nj mGetlIll