The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-08-16
CHARTER
-oF THE
Iatt Oil Company, Limited
STATE OF LOUISIANA
PARlsH OF GRANT

PARnH or GRANT
Before me- the undersigned authority person
ally came and appeared the persons whose names
are hereunto signed. who declared unto me in
the presence OF the undersigned two competent
witnesses, that awaiting themselves OF the Con-
| stitution and Laws Of the State Of Louisiana
and especially Of Act l5f of the Acts Of the ten-
erai Assembly of the State of Louisiana for the
year 1902. relative to the formation Of corpora
| tions. they have formed aud do by these pres
ents form and constitute themselves as well as
such other y as may hereafter be sl.ssoci-
ated with them into limited corporation and
body polite in law. and To that end they hereby
adopt the following charter and act OF incorpor-
| alton. to-wit:
ARTICLE ONE
The name and style of this corporation shall
be IArT OIL COMPANY, LIMITED, aud its
domiciIe shall be and Is hereb, established at
coltax, in Grant parish, louisiana. and under
It's said corporate name it shall have and enjoy
succession for period of ninety nine years uIl-
les. otherwise or sooner dissolved rs hereinafter
set forth. and the power TO contract. sue aud be
sued: to own property. real. personal and mix
ed. and tn sell. mortgage. pledge affect. and by
pothecate the same at its pleasure.
ARTICLE TWO.
The nature of the business to be carried on,
aud the purposes for which this corporation is
established are hereby declared 10 be as follows:
TO develop oil. gas and other minerals any
property owned. leased or controlled by it, la
the state Of Louisiana or elsewhere; TO drill
wells for gas and oil. and to sell the product
thereof: to construct. maintain md operate pipe
lines for the transportation of oil. gas and other
minerals. and products obtained from the same
or otherwise: t., construct and carry works
to supply cities aud towns with gas. electricity
water. and fuel oil, or any Of them; to establish
plants for the purpose Of refining oil; To open
aud work mines; to bore for oil. petroleum. gas
salt other mineral or esrthern products. and
to establish pipe lines other of trans
portation of such products to market: and gen
orally to do and perform any and all things nee
essary for the fulfillment Of the purposes above
set FORTH aud to that end to engage in any bust
ness not specially mentioned above incident To
its business dealings necessary and convenient
thereto and to make and sign any md all con-
tracts and agreements and to undertake any
and all obligations necessary and proper or con-
nected with il affairs.
ARTICLE THREE.
This corporation shall have power to make
and use a seal with such device as may be dssr-
I'd aud to alter and change the at pleasure
and IN the name and style above set forth. IL /
shall have power and authority to sue and be |
sued to plead and be impIeaded. TO purchase. |
own. lease sell. mortgage and affect and other |
wise dispose OF or cucumber it's properties ac- |
quired or to be acquired.
Ii shall have power to elect directors. to ap- /
point aud employ servants. agents. clerks and |
any and all kinds of employees necessary to car
ry ON the business and purposes of the corpora
ton and to tx their salaries and compensation:
to execute aud sign promssory notes; to SELL |
transfer and endorse accounts drafts and con
tracts. and to undertake all necessary oblga-
tions for the proper transaction of their bus-
nesses as above set forth and to carry out the
uses and purposes for which this corporation is |
organized.
To make all rules and by laws and regulations |
for the conduct and government of its several |
affairs and the furtherance of its purposes. not
ARTICLE FOUR.
The capital stock Of this corporation is hereby |
liked at One Hundred Thousand Dollars. divided |
into one thousand shares Of the par value Of one
hundred dollars each. and all stock shall be paid
for In cash or for services rendered OF property
transferred to the errporation. as per actual |
value thereof. and ali stock shall be fully paid
for and no certificate Of stock shall be issued I'M
til paid for in the manner prescribed.
Certificates Of stock shall be signed by the
president and the secretary under the seal of the
corporation.
This corporation may commence business and
il authorized 30 to do five thousand
dollars Of the capital stock have been subscribed
and paid for.
ARTICLE FIVE.
No stock of this corporation shall be sold to
any other than stakeholder therein until the
same has been offered for sale to the stockhold-
ers for a period Of ten days. allowing the stock
holders the privilege of purchasing the same mt
fixed price. This ten DAYS notice shall be con-
sidered as given when written printed notice
Of the offer of sale naming the price. has been
posted for ten days In the office of the company
at it's domicile.
No transfer of stock shall be binding until the
same has been entered on the books of the com
paBy.
ARTICLE SIX.
An the powers OF this corporation are hereby
vested In a Board of Directors. TO consist Of nine
stock holdcrs Ave of whom shall constitute
quorum for the transaction OF business ana
their acts shall be valid corporate nets.
The Board OF Directors shall be elected by the
stock holders annually at the annual meeting OF
the stockholders. which annual meeting shall be
held on the second Tuesday Of the month
April OF each aud every year. beginning with TIN
year 1914. and the directors herein named sDc
their successors when elected shall hold ofie'