The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-05
CHARTER
OF the S-B-H Oil Company.

do: Be it remembered that on this
day, before me, J. A. Thigpen, no.
Itary public, came and appeared the
parties whose names are hereuntO
subscribed, who declared that avail
ling themselves of the provisions Of
the laws of this State relative to
corporations. they have formed a
corporation under the name and
lstyle, and with the powers and priv
ileges hereinafter stipulated, to-
wit:
ARTICLE /.
The name of this corporation
shall be 'S-B-H Oil Company" with
its domicile in the City of Shreve-
port, CaddO Parish, La, and under
said corporate name it shall have
and enjoy succession for period
of ninety-nine 800 years, unless
sooner dissolved as hereinafter
stated All legal process shall be
served on the president, or in his
absence at the office of the corpora
ton. according to law.
ARTICLE II.
| The object and purposes of this
corporation are hereby declared 10
be the business of buying and sell
ing oil. with The right to do any and
everything Incidental thereto, in
Guiding the establishment and
building of pipe lines for the pur-
pose of the transportation of such
product: and the business of min
ing for oil and other minerals: and
the purchase and sale of such min
eral products as may he obtained by
its mining operations: and the pur-
chase, lease and sale of lands and
personal property: and in general
the doing of any and everything
necessary. incident, or consistent
with the purpose of mining, pur-
chasing, marketing, Transporting
and selling petroleum oil and other
minerals: giving the corporation the
right to qualify under the laws Of
the State as common carrier of
such products.
ARTICLE III.
The capital stock of Ibis corpor-
alton is fixed at the sum of fifty
thousand {s5O,OOO.OOl dollars, di-
vided into five hundred shares OF
The par value Of one hundred {Si00)
dollars per share. This corporation
is authorized TO commence business
whenever ten thousand t$i0.0N.O0)
dollars of its capital stock is sub
scribed 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 in payment Of
property, real or personal, or for
services rendered 10 the corpora
ton as may be determined by The
directors.
ARTICLE ".
The corporate powers of This cor
pOl otiOu IL iltl cby SCotSu III uouiN
of directors consisting of three
stockholders, the majority of whom
shall constitute quorum for theI
transaction of business. The said
board shall be elected annually at
the annual meeting of the stock
holders Of the corporation to bel
held on the first Monday in January
of each year, beginning with the
year 1914. The officers of the COM
pany shall be president, vice
president and secretary treasurer,
to be elected by the directors. Until
their successors are elected and |
qualified, the first board of direc-
tors of the corporation shall con-
sist Of the following: ID. P. Batch
elOr, S. p. Schenberger and S. S.
Hunter. with d. p. Bachelor as
president, S. S. Hunter as vice pres
ident, and S. p Schenberger as sec
rotary treasurer. Said board shalli
have power to select and appoint |
such other officers as they may de-
sire, and to make and establish such
bylaws for the proper management
and regulation of the affairs of the |
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.
It's affairs shall be liquidated by two
persons selected for the purpose al
a stockholders meeting duly held:
and said liquidators shall perform
such services and give such secur-
ty as the stockholders may require.
ARTICLE W.
Al all meetings of the stOckhold-
RS each share of stock shall be en-