The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-09-06
CHARTER
Or THE
Iatt Oil Company, Limited

PARISH OF GRANT
Rrf,re 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 l54 of the Acts OF the Gen
eral Assembly of the State OF Louisiana Tor the
year 1902 relative to the formation Of corpora
lions. they have formed and do by these pres
ents form aud constitute themselves as well as
such other persons MS may hereafter be associ-
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
he IArT OIL. COMPANY. LIMITED, and its
domicile shall be and is herebs established at
colfax. in Grant parish. Louisiana. and under
its said corporate name it shall have and enjoy
succession for a period Of ninety nine years I'M
lea. otherwise or sooner dissolved as hereinafter
act forth, and the power to contract sue and be
sued: to own property. real. personal aud mix
ed. and To SELL mortgage. pledge. affect. ana ny
| potheeate the same at its pleasure.
ARTICLE TWO.
| The nature OF the business to be carried on
aud the purposes for which this corporation Ii
| esta bished are hereby declared To be as follows
| To develop oil, gas and other minerals ON any
property owned leased or controlled by IT, u
the state of Louisiana or elsewhere; 10 drill
wells for gas and oil. and to sell the produe
thereof; TO construct. maintain and operate phi"
lines for the transportation of oil. gus and oths
minerals and products obtained from the sam
or otherwise: t.. construct aud carry on WORK
to supply cities aud towns with gas electricity
water aud fuel oil, or any of them; to establish
plants for the purpose of refining oil; to ope
l and work mines: To bore for oil. petroleum. gas
salt or other mineral or earthern products. an
to establish pipe lines or other means OF trans
portation of such products to market: and gel
orally to do aud perform any and all things NEE
essary for the fulnment Of the purposes abos
set forth, and to that end to engage In any bus
| ness not specially mentioned above incident
| its business dealings or necessary and conveni-i
thereto, and to make and sign any and all col
tracts and agreements and to undertake an
and all obligations necessary and proper or col
nected With it affairs.
ARTICLE THREE.
This corporation shall have power to NAL
and use a seal with such device may be desl
I ed and to alter and change the same at pleasu
and in the name aud style above set forth.
shall have power and authority to sue and
II sued to plead and be impIeaded. to purchas
own, lease. sell. mort gage and affect and othe
wise dispose of or cucumber its properties a
quired or to be acquired.
1t shall have power to elect directors. to a
l s.larls n
any and all kinds OF employees necessary to ca
nv on the business and purposes oil the eorpor
I ton and to fix their salaries and compensatio
to execute and sign promissory notes; to Sc
transfer and endorse accounts, drafts and co
tracts. and TO undertake all necessary oblie
A tions for the proper transaction OF their bu
nesses as above set forth and to carry out t
uses and purposes for which this corporation
u organized.
To make all rules and bylaws and regulatio
for the conduct and government of it's seve
affairs and the furtherance of its purposes, a
contrary to law or Inconsistent with this chart
ARTICLE ForR.
The capital stock OF this corporation Ia here
A nxed at One Hundred Thousand Dollars. divie
into one thousand shares OF the par value Of {
hundred dollars EACH and all stock shall be p
for in cash or for services rendered or prope
- | transferred to the corporation. as per act
q value thereof, and ali stock shall be fully p
for and no certificate OF stock shall be issued
til paid for in the manner prescribed.
ed Certificates OF stock shall be signed by
president and the secretary under the seal of
corporation.
nj This corporation may commence business
NV IL authorized SO to do as soon as five thousi
- dollars OF the capital stock have been subseri
= and paid for.
ARTICLE FIVE.
No stock of this corporation shall be sold
any other than a stockholder therein until
same has oeen offered for sale to the stockh'
ers for a period OF ten days allowing the sts
holders the privilege of purchasing the SAM
a | fixed price. This ten DAYS notice shall be {
~ sidered as given when written or printed no
- of the OFFER of SALE naming the price. has !
posted for ten days In the Office OF the comp
, at its domicile.
No transfer of stock shall be binding until
same has been entered on the books OF the c
pany.
MAJ ARTICLE SIX.
All the powers Of thi4 corporation are her
vested In Board OF DIRECTORS. to consist Of
- lstockholdcrs. i've of whom shall constitu'
n quorum for the TRANSACTION of business,
their acts shall be valid eprporate acts.
The Board Of Directors shall be elected by
stoeSholsiers annually at; the annual meetir
the rtockholders, which annual meeting sha
held on the second Tuesday Of the mont