The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-30
CHARTER
OF the Crude Oil Company

do: Be il remembered that on this
day before me, J. A. Thigpen, notary
public, came and appeared the par
ties whose names are hereunto sub
scribed, who declared that availing
themselves Of the provisions OF the
laws of this State relative to cor
porations, they have formed cor
poration under the name and style,
and with the powers and privileges
hereinafter stipulated, to-wit:
ARTICLE l.
The name of this corporation shall
be "Crude Oil Company" with its
domicile in the City of Shreveport,
Caddo Parish, La, and under said
| corporate name it shall have and
enjoy succession for period OF
ninety-nine 800 years, unles sooner
| dissolved as hereinafter stated. All
legal process shall be served on the
lpresident,9Or in his absence at the
office of the corporation, according
to law.
ARTICLE II.
The object and purposes of this
Incorporation are hereby declared to
be to engage in the drilling, min
ing exploring for oil, gas and other
minerals, with the right to do any
and everything incidental thereto
including the establishment and
building of pipe lines for the pur-
pose Transportation of such pro-
ducts, and the purchase and sale
of such mineral products as may
be obtained by its mining opera
tons; and the purchase, lease and
sale of lands and personal property
and in general the doing of any and
every act necessary, incident to OF
consistent with the general pur-
lpQse of the company to mine, mar
ket, transport and sell 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.
The capital stock of this corpora
toin is fixed at the sum of one hum
dred thousand (SiOO,00O.0O) dollars
divided into one thousand shares OF
the par value of one hundred dol
lars (Sf00.0O) per share. This cor
Iporation is authorized to commence
;. business whenever ten thousand
(S1O,0OO.0O) dollars of its capital
lstock 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, rea
or personal, or for services rendered
to the corporation as may be deter
mined by the directors.
/ ARTICLE ".
The corporate powers of this cor
Iporation is hereby vested in a board
of directors consisting of three
stockholders, the majority of whom
shall constitute a quorum for tn
transaction of business. The sale
board shall be elected annually a
the annual meeting of the stock
holders of the corporation to be
held on the first Monday in January
of each year, beginning with the
Iyear 1914. In the event of the death
of director, his successor shall be
elected by the remaining directors
lwho shall serve as director until
the succeeding stockholders meeting
held for the purpose Of electing di-
rectors. Until their successors arr
elected and qualified, the first board
lof directors shall consist of the fol-
flowing: H. L. Heilperin, L. E. Etchi-
| son and Wheeler Shropshire, witt
H. L. Heilperin as president, L. E
IEchison as vice president, Wheeler
shropshire as secretary treasurer
ISaid 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
lof the affairs of the corporation as
may be proper, which bylaws shall
be binding on the stockholders as
if written in this charter.
| ARTICLE v.
| Whenever this corporation is dis
solved by limitation or otherwise its
affairs shall be liquidated by two
persons selected for the purpose al
a stockholders meeting duly held
and said liquidators shall perform
such service and give such security
as the stockholders may require.
ARTICLE vi.
| At all meetings of the stockhold-
|ers each share of stock shall be en-
titled to one vote, to be cast in per-
son or by proxy. When not other
h., 1o,r, al ~ ho1I