The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-24
CHARTER
OF the Rotary Oil Company.

do: Be it remembered that On this
day before me, j. A. Thigpen, notary
public, came and appeared the par
ties whose names are hereunto sub
scribed, who declared that availing
themselves Of the provisions of the
laws of this State relative to cor
porations, they have formed cor
poration under the name and style
and of the powers and privileges
hereinafter stipulated, to-wit:
ARTICLE l.
The name of this corporation
shall be Rotary Oil Company" with
its domicile in the City Of Shreve-
port, La. and under said corporate
name it shall have and enjoy sue
Cession for a period Of ninety-nine
(99) years, unless sooner dissolved
as hereinafter stated. All legal pro-
cess shall be served upon the presi-
dent or in his absence at the Office
of the corporation according to law.
ARTICLE II.
The objects and purposes of this
corporation is hereby declared to be
the business Of mining for oil, gas
and other minerals, with the RICH!
to do any and everything incidental
thereto, including the building OF
pipe lines, and the purchase, lease
and sale Of lands and personal
property, and for the purpose OF
holding lands for development by
other persons or corporations.
ARTICLE III. O
The capital stock Of this corpora
ion Is fixed at the sum Of twelve
thousand [S12,OOO.OO) dollars, divid
ed into one hundred and twenty
shares of the par value of one hun
.ired dollars per share. This corpor-
alton is authorized to commence
business whenever the full amount
Of its capital stock is subscribed for
and paid in cash or its equivalent.
No stock shall be issued until the
same isofully paid for, but stock
may be issued in payment Of prop
erty, real or personal, or for SER
vices rendered TO the corporation,
as may be determined by the stock
holders.
ARTICLE Nv.
The corporate powers Of thi4cor-
poration shall be vested in and ex-
,rcised by a board of three direc-
ors chosen from the stockholders,
two of whom shall constitute quo
rum for the transaction of all bust
ness, who shall be elected annually
IN the first Monday in May of each
year, beginning with the year 1914.
Until its successors are elected and
qualified. The board of directors il
hereby declared to be j. A. Henry,
Harry L. Miller and H. j. Hayes. The
officers Of the company shall bt
elected by the directors annually
beginning with the first Monday in
May 1914, and until such date the
officers are declared to be Harry L.
Miller, president, and ]. A. Henry,
secretary-treasurer. At all meeting.
of stockholders the majority OF
stock shall elect the directors, and
in all elections or proceedings o:
stockholders each share OF stock
shall be entitled 10 one vote. Notice
Of all elections or meetings Of
stockholders shall be advertised ten
days prior thereto in q public news
paper published In the City Of
Shreveport.
ARTICLE v.
Whenever this corporation is dis
solved, either by limitation Of its
charter or from any other cause, its
affairs shall be iiquidated by two
persons selected for the purpose al
stockholders meetings duly held;
and said liquidators shall perform
such services and give such security
as the stockholders may require.
ARTICLE vi.
No stakeholder of this corpora
ton shall ever be held liable or re-
sponsible for the contracts or faults
thereof "a any further sum than
the unpaid balance due the COM
pany on their stock; and no infor-
| mality in organization shall have
the effect Of rendering this charter
| null or Of exposing its stockholders
| 10 any loss beyond the amount OF
their capital stock.
In witness OF which the parties
have signed this instrument in tn
presence Of me, notary. and C. Kel-
Ter and r. Wolf, competent wit.
nesses, on this 18th day Of June 1913
| J. A. HENRY.
HARRY L. MILLER,
by J. A. Henry
| H. J. HAYES,