The Caucasian. (Shreveport, La.) 1900-192?, 1913-08-26
CHARTER
OF The Clear lake Oil Company


me, il. &. Fisher, a notary public III
and for the above Parish and State,
duly commissioned and qualified
came and appeared the several per
sons whose names are hcrcllntp
subscribed, and who declared 10 me.
notary, in the presence Of atteStInG
witnesses, that availing themselves
Of the provisions of the laws of the
State Of Louisiana relative 10 the
organization Of corporations, they
have agreed and cOvenantcd and do
by these presents covenant and
agree to form and organize them
selves into corporation and body
polite for the purposes and under
the conditions and for the consld-
GRAFTON hereinafter set forth.
ARTICLE |.
The name and style Of this cor
poration shall be- The Clear Lake
Oil Company, and under its name
shall have power and authority 10
contract, sue and be sued; to make
and use corporate seal and the
same to alter or break at pleasure;
to hold, receive, have, purchase,
ALLEVIATE, convey, sell, pledge, mort
gage, hypOthecate or lease property,
real and personal; to name and ap-
point such officers, directors, agents
and employees as the interests and
cOnvenenCes Of the said corpora
ton may require; to make and es-
tablish bylaws, rules and reguIa-
tions for the proper management IF
it's affairs as may be deemed requls-
ite or necessary to properly carry
out the objects and purposes of this
corporation. %
ARTICLE II.
The domicile of this corporation
is hereby declared to be in the City
Of Shreveport, La, above Parish
and State, where all legal process
shall be served. This corporation,
unless sooner dissolved as herein
after provided, shall exist for a Pc
riod of fifty years from and after
the date hereof.
ARTICLE Ill.
The objects and purposes Tor
which this corporation is organized
are hereby declared to be to buy
and sell, pledge, mortgage and by
pothecate and lease and otherwise
dispose of or cucumber property,
real. personal and mixed; to lease
lands for itself or for and as the
agent Of others, and to drill, mine
or bore on same for the develop
lnent Of minerals therein and there
under; to erect, construct and opc-
rate power plants, pipe lines for the
transportation Of oil, gas and water
upon lands of this corporation and
upon lands Of others; to build, con-
struct and operate refineres; and
10 do any other act and thing
requisite or incidental to the carry
ing out Of the purposes for which
this corporation is organized,
ARTICLE ".
The capital stock of this corpora
ton shall be one hundred thousand
(S1OO,OOOOO) dollars divided into one
thousand shares Of one hundred
dollars each, which stock shall be
paid for in cash, property or ser
vices actually received or rendered
the corporation; and this corpora
ton is authorized to commence bus
mess whenever three thousand dol
lars Of its capital stock is sub
scribed: and no stock shall be is
sued and delivered until the said
consideration therefor has been re-
ceived; no transfer of stock shall
have any effect upon the corpora
ton unless made upon its books,
and then only upon proper surren-
der Of the certificate therefor
ARTICLE Y.
The corporate powers Of this cor
poration shall be vested in and cx-
erciscd by a board Of five directors
elected by the stockholders. The
following persons shall constitute
the first board Of directors: d. G.
Richardson, resident Of Caddo Par
ish, La; p. c. Richardson Jr., resi-
dent Of Caddo Parish, La; G. L.
Wheeler, resident of Caddo Parish,
La: Sam NJ. Richardson, resident Of
Caddo Parish, La; and E. G. Abcr-
nethy. OF the board Of directors
and of this corporation D. G.. Rich
ardson shall be president; p. c.
Richardson Jr., vice president, and
G. L. Wheeler secretary-treasurer.
The officers and board Of directors
shall hold office for one year from
date hereof or until their successors