The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-12
CHARTER
OF the Crude Oil Company

OF the Crude Oil Company
State of Louisiana, Parish of Cad
do: Be it remembered that on this
DAY before me, J. A. Thlgpen, notary
public, came and appeared the par
ties whose names are hereuntO sub
scribed, who deglared that aNaiIlnS
themselves Of the provisions OF the
laws of this State relative to cor
porations, they have formed a cor
poration under the name and style,
and with the powers and privileges
Hereinafter stipulated, to-wit:
ARTICLE |.
The name OF this corporation shall
be Crude Oil Company with its
domGaiIe in the City OF ShreveRort,
Caddo Parish, La, and under SAID
corporate name it shall have and
enjoy succession for a period OF
|ninety-nine 1850 years. unles sooner
dissolved as hereinafter stated. All
@agal process shaft be served on tn!
president, or in his absence at the
office of the corporation, according
Ito 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, garand other
minerals, with the right to do any
and everything incidental thereto,
including the establishment and
building Of pipe lines for the pur-
pose of transportation of such pro-
ducts, and the purchase and sale
lof such mineral products as may
be obtained by its mining opera
tiOns: and the purchase, lease and
sale of lands and personal property;
and in general the d9ing of any and
every act necessary, incident to or
consistent with the general pur-
pose of the company to mine, mar
ket,Gransport and Sll natural gas
and petroleum; giving the corpora
ton the right to qualify under the
laws of the State as common car
rier of such products.
ARTICLE iii. o
The capital stock of this corpora
| toin is fixed at the sum of one hunt
bred thousand (sl00,000O0) dollars,
divided into one thousand shares Of
the par value of one hundred doll
lars (SI00.GO) per share. This cor
pOration is authorized to commence
business whenever ten thousand
! lSlO,OO00O) 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 cOnstiGte 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 MOTday in January
of each year, beginning with the
year 1914. In the event of the death
of director, his successor shall be
elected by the remaining directors,
tWhO shall serve as a director until
the succeeding stockholders meeting
held for the purpose of electing di-
rectors. Until their successors are
elected and qualified, the first board
of directors shall consist of the fol-
lowing: H. /. Heilperin, L. E. Etchi-
sorGand Wheeler Shropshire, with
H. L. Heilperin as president, l.. r..
EGhison as vice president, Wheeler
Shropshire as secretary treasurer.
Said board shall have power to Sc
Iect and appoint such other officers
as they may desire, and to make and
establish such bylaws 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 Y.
Whenever this corporation is dis
solved by limitation or otherwise its
affairs shall be liquidated by two
persons selected for the purpose at