The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-19
CHARTER
OF the Crude Oil Company.

OF the Crude Oil Company.
| State of Louisiana, Parish of Cad
do: Be it remembered that on this
Gay before me, J. A. Thigpen, notary
public, came and appeared the par
ties whose nameaare hereunto sub
scribed, swho 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 with the powers and privileges
Hereinafter stipulated, to-Wit:
ARTICLE l.
The name of this corporation shall
be ''Crude Oil Company" with its
Gomicile in the City of Shreveport,
CaddO Parish, La, and under said
corporate name it shall have and
enjoy succession for period OF
ninety-nine go years. unles sooner
dissolved as hereinafter stated. All
legal process shall be served on the
president. or in his absence at the
office of the corporation, according
to law.
ARTICLE II.
| The object and purposes of this
corporation are hereby declared to
be to engage in the drilling, min
ing 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 pur-
pose ofatransportation of such pro-
ducts, and the purchase and sale
of such mineral products as may
be obtained b. its mining opera
tons; and the purchase, lease and
sale of lands and personal property;
and in general the doing of any and
every act necessary, incident to or
consistent with the general pur-
pose of the company to mine, mar
ket Transport and sell natural gas
and petroleum; givingahe corpora
ton the right to qualify under the
laws of the State as a common car
rier of such products.
o ARTICLE iii.
The capital stocA of this corpora
tOin is fixed at the sum of one hun
dred thousand (Si0O,OO0.00) dollars,
divided into one thousand shares Of
the par value of one hundred dol
lars $4,000 per share. This cor
poratiOn is authorized to commence
business whenever ten thousand
(SiO,0O000) dollars of its capital
stock is subscribed for and paid in
cash, or its equivalent. No stock
shall be issued until the same is
fully paid for, but stock may be is
sued in payment of property, real
or personal, or for services rendered
to the corporation as may be deter
mined by the directors.
% ARTICLE ".
The corporate powers of this cor
pOratiOn is hereby vested in board
|of directors consisting of three
stockholders, the majority of whom
shall constitute a 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
Scar 1914. In the event Of the death
of director, his successor shall be
elected by the remaining directors,
who shall serve as director until
the succeeding stockholders meeting
held for tha purpose of electing di-
rectors. Until their successors are
elected and qualified, the first board
of directors shall consist of the fol-
lowing: H. L. Heilperin, L. E. Etchi-
son and Wheeler Shropshire, with
H. L. Heilperin as president, L. E.
Eehison as vice president, Wheeler
Shropshire as secretary treasurer.
Said board shall have power to SCI
lect and appoint such other officers
as they may desire, and to make and
establish such b,slaws 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 l,quidated by two
persons selected for the purpose at
a stockholders meeting duly heG;
and said iiquldators shall perform
such service and give such security
as the stockholders may require.