The Caucasian., 1913-11-06
CHARTER
OF the Oil City Trading and Drilling
Company.

ing as such, personally came and
appeared the several persons whose
names are subscribed hereto, and
who declared that they do by these
presents constitute and form them
selves into body polite or corpor-'
alton, as we'll as such other persons
as may become associated with
them, under the laws of the State Of
Louisiana, in terms and conditions
as follows, to-Wit:
ARTICLE = 4
The name Of the corporation snail
be the Oil City Trading and Drilling
Company. It's domicile shall be at
Shreveport, Caddo Parish, State of
Louisiana. Citation and other legal
process shall be served on its pres,
ident, or in his absence on the vice.
president, or in his absence on such
persons as may be designated by the
law. Tt shall enjoy succession under
it's corporate name for period of
ninety-nine years.
ARTICLE II.
Under its corporate name it shall
have the power to contract, sue and
be sued; to make and use corpoP-
ate 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 inter-
ests and convenience may require;
to make and establish such bylaws
and rules for the proper regulation
OF its affairs as may be deemed
requisite and necessary, and shall
have all such other and further
powers as are now or may hereafter
be conferred by law On corporations
and associations of same and 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 and gas purposes; to market
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 ".
The capital stock is fixed at
twenty-five thousand ($25 100000
dollars, divided into two hundred
and fifty shares of one hundred
(StOOOO) dollars each. No stock shall
be, issued until fully paid for; no
transfer of stock shall be binding on
the corporation until transferred
IN the books of the corporation.
Stock subscriptions shall be paid
for in cash, service of property,
provided the service and property
be fixed at value placed by the
board of directors. The corporation
shall commence doing business
when three thousand ($3,OO0OO) dol
lars of stock has been subscribed
and paid for.
ARTICLE V.
The corporate powers Of this cor
poratiOn shall be vested in and its
affairs shall be managed by board
of directors, three in number, to be
elected by ballot by the stockhold-
ers at meeting to be held at the
domicile of the company on the
second Tuesday of November OF
| each year, beginning in 1918. Until
such election the following shall
compose such board of directors:
lW. L. Carter, president; Alex Pour
lteau, vice president; and J. j. Dar-
by, who shall be secretary -treasur-
er. The officers shall be elected
Viva yoce at a meeting of the di-
rectors called for that purpose. Va
cancies on the board may be filled
for the unexpired term by the re-
naming directors. The board MEM
bers may by written proxy act for
each other at board meetings
The board of directors may en-
play general manager and
such other agents as the in
|terests of the company may re-
lquire, and discharge them at pleas
lure; each director shall own at least
| one share of stock in the corpora
ton. Three directors shall consti-
tute quorum Of the board for the
transaction of business, who shall
attend in person or proxy. The
board of directors shall be increased
or decreased at the will of the
stockholders as evidenced by vote
of three-fourths of the stock at .
, meeting called for the purpose.
4 ARTICLE vi.
i The corporation may be dissolvet
at any time by three-fourths vote
! of the stockholders, and when it i
dissolved, three commissioners shal
II ho alacfpd for that DurDOSp at