The Caucasian. (Shreveport, La.) 1900-192?, 1913-04-03
CHARTER
u The Oil City Development Conn.,
pany.

do pafo I'll 1911 OI lad
NJ before me, Roland Williamson ,
publlc in and for the Parish
anu state above written duly com
UNSIGNED qualified and acting as
ths persohaly came and appeared
'iie several persons whose nan,s
are subscribed hereto, and who de-
o'aieu that they do by these pres-
eh's constitute and form themselves
INTO a body polite or corporation
q wen as such other persons rs
may become associated with them
under the laws of the State Of
Louisiana, in terms and conditions
as follows, to-wit:
ARTICLE
The name of this cornora,ion
s,aii De The Oil City Development
company. Its domicile shall he at
shreveport, Caddo Parish, State of
Louisiana. Citation and other legal
process shall be served on its pres
ldent, or, Gin his absence, on the
vice president. or in his absence on
such persons as may be designated
by law. 1t shall enjoy succession
under its corporate name for a De-
Rod of ninety-nine years.
ARTICLE ii.
Under its corporate name it shall
have power to contract, sue and be
sued; to make and use a corporate
seal; to hold, receive, purchase,
convey, mortgage. pledge and hy-
pothecate 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 its affairs as may be deemed re-
quisite and necessary, and shall
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 deliver
property, immovable and movable
TO develop, drill and lease property
for oil or gas purposes; to marke,
oil and gas, and to build, acquire
and operate such pipe lines, tanks
tank cars and other appliances as
may be deemed necessary thereto
ARTICLE w.
The capital stock Is fixed at fit,
thousand and no-iOO dollars, divided
into five hundred shares Of one hun
dred dollars each. No stock shall Dt
issued until fully paid for; no trans
fer OF stock shall be binding on tht
corporation until transferred On TN
books of the company. Stock sub
scriptions may be paid for In cash
service OF 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 nv
| thousand ($5,OOOW) dollars OF stocl
had been subscribed and paid for.
ARTICLE v.
The corporate powers OF this cor
poratjon shall be vested In and IL
affairs shall be managed by boar
Of directors, three In number. 10 o
elected by ballot by the stockhoid
ers at a meeting to be held at Tn
ldomicile OF the company on the sec
| ond Tuesday OF November OF eac
wear. beginning In 1919. Until sue
election. the following shall com
lnose the first board Of directors; v
lI. Carter. who shall be president
IW. p. Parks. who shall be vice pres
saent: and /. C. MCGEE. who shall
secretary-treasurer. The omee'
ahall be elected viva voce at meo'
inc of the directors called for TN
n,,rnose Vacancies on the noa'
nav be filled for the uIexpsred ser'
nv the remaining directors; Dos'
members may by written proxy -
for each other at board mee''n y
| The board Of directors may emp p,',
aoeneral manager and snch QUE
agents az the interests OF tne co' u
nany may require, and d'scn" a,'
them at pleasure; each d !. .a'
shall own al least one snare , .. s,v,
in the corporation. Three olr.0' :,
shau constitute a quorum o. w y
| hoard for the transaction o. p'e
ness. who shall attend III pc,'o1 !,
nv written proxy. The board o. = :
re 70 may be increased ., o. !"
CROSSED at the will Of the stockno'
~ 49,, n NnfA Ot JIlCG