The Caucasian., 1913-07-22
CHARTER
OF The Rotary Oil Company.

do: Be it remembered that on this
day before me, J. A. Thigppn, notary
public, came and appeared the par
ties whose names are hercunto sub
scribed, who declared that availins
themselves of the provisions Of the
laws of this State relative to cor
porations, hey have formed cor
poration under the name and style
and OF the powers and privileges
Observation-Disclosures, to-wit:
ARTICLE |.
The name of this corporation shall
be "Fhe Rotary Oil Company" with
its domiciIe 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 righ!
to do any and everything incidental
thereto, including the building Of
pipe hines, 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.
The capital stock of this corpora
lion is fixed at the sum of twelve
thousand (Si2,O00OW dollars, divid-
ed into one hundred and twenty
shares of the par value OF one hun
dred dollars per share. This corpor-
alton is authorized to commence
business whenever the fullgSmount
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 issued i'll payment of prop
erly, real or personal, or for ser
vices rendered to the corporation,
as may be determined by the stock
holders. 80
ARTICLE ". ,--..
The corporate powers of this cor
poration shall be vested in and ey-
ercised by board of three direc-
tors chosen from the stockholders,
Two Of whom shall constitute quo
rum for the transaction of all blFa7
ness, who shall be elected annually
on the first Monday in May of each
year, beginning with the year 1914.
lHntil its successors are elected and
E1HAlified. The board of directors is
hereby declared to be JG.A. Henry,
Harry L. Miller and H. j. Hayes. The
officers Of the company shall be
elected by the directors annually
beginning with the first Monday III
May 1914, and until such date th@
officers are declared to be Harry L..
Miller, president, and ]. A. Henry,
secretary-treasurer. At all meetings
of stockholders the majority OF
stock shall eleeibthe directors, and
in all electiOns> Or proceedings o.
stockholders each share Of stock
shall be entitled to one vote. Notice
of all elections or meetings OF
stockholders shall be advertised ten
days prior thereto in public news
paper published in the City OF
Shreveport.
ARTICLE ".
Whenever this corpoFstion is dis
solved, either by limitation Of its
charter or from any other cause, its
affairs shall be liquidated by two
persons selected for the purpose al
a stockholders meetings duly held
and said liquidators shall perform
such services and give such security
as the stockholders may require.
ARTICLE vi.
No stockholder of this corpora
ton shall ever be held liable or re-
sponsible for the contracts or faults
thereof in any further sum thar
the unpaid balance due the com
pany on their stock; and no infor-
mality in organization shall have
the effect of rendering this chartel
null or Of exposing its stockholders
to any Joss beyond the amount 0!
their capital stock.
In witness OF which the partie
have signed this instrument in th
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 ]. A. Henry
0 H. J. HAYES,
L A Ia,