The Caucasian. (Shreveport, La.) 1900-192?, 1913-03-27
CHARTER
OF the Oil City Development Com
Dany.

do: Before me. Roland Williamson, a
rotary public in and for the parish
and State above written, duly COM
missioned, qualified and acting as
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 1.
The name of this corporation
shall be The Oil City Development
Company. Its domicile shall be al
Shreveport, Caddo Parish, State OF
Louisiana. Citation and other legal
process shall be served on its pres
ident, or, in his absence, on the
vice president, or in his absence on
such persons as may be designated
by law. It shall enjoy succession
under its corporate name for Pc
riod of ninety-nine years.
ARTICLE II.
Under its corporate name 1t snail
have power to contract, sue and DC
sued; to make and use a corporate
seal: to hold, receive, purchase,
convey, mortgage, pledge and n.y.
pothccate 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 it's affairs as may be deemed re-
uuisite and necessary, and snail
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 dellvel
property, immovable and movable
Ito develop, drill and lease property
for oil or gas purposes; to marke
oil and gas, and to build, aequT'
and operate such pipe lines, tanks
tank cars and other appliances a
lmay be deemed necessary thereto
! ARTICLE ".
! The capital stock is fixed at lift.
Thousand and no-i00 dollars, divided
Into five hundred shares Of one hun
4 bred dollars each. No stock shall b
i issued until fully paid for; no trans
4 fer of stock shall be binding on tn
lcorporation until transferred on tn
books of the company. Stock sub
| scriptions may be paid for in casf
service or property, provided TN
service and property be placed at
value fixed by the board of direc
tors. This corporation shall com
mence doing business when fiv
Thousand (s5,0OOOO) dollars of stoc
: had been subscribed and paid for
ARTICLE v.
l The corporate powers OF this col
pOration shall be vested In and Il
laffairs shall be managed by boar
of directors, three In number, to I
elected by ballot by the stockholt
lers at meeting to be held at tn
domicile of the company on the SCI
l. ond Tuesday of November of eac
year, beginning in 1913. Until sue
election, the following shall con
pose the first board Of directors: v
IL. Carter, who shall be presiden
lW. P. Parks, who shall be vice pres
:. ident; and l. C. MCGEE, who shall
ho
shall be elected viva vOce at a NEE
:, ing of the directors called for tn
= purpose. Vacancies on the boa
lmay be filled for the unexpired ter
y by the remaining directors; boa
: members may by written proxy a
for each other at board meetinl
The board of directors may empl
ageneral manager and such 9th
.|agents as the interests of the cor
pany may require, and dischar
them at pleasure; each direct
e shall own at least one share of sto
10 in the corporation. Three directc
! shall constitute quorum Of
J. board for the transaction OF bu
ID ness, who shall attend in person
> by written proxy. The board of (
". rectors may be increased Or
Id lcreased at the will of the stockhol
he lers as evidenced by vote Of thrt
a., fourths of the stock at meet
be called for that purpose.