The Caucasian., 1913-10-23
CHARTER
OF the Oh City Trading and Drilling
Company.


a notary public in and for the Par
ish and State above written, duly
commissioned and qualified and act
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 a 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-Wlt:
ARTICLE I.
The name of the corporation shall
be the Oil City Trading and Drilling
Company. Its 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. It shall enjoy succession under
its corporate name for a 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 a cOrpor-
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 Ill.
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 al
twenty-five thousand (S25, ,0OOO0)
dollars, divided into two hundred
and fifty shares of one hundred
$4,000 dollars each. No stock shall
be issued until fully paid for; nc
transfer of stock shall be binding or
the corporation until transferred
on the books of the corporation
Stock subscriptions shall be palt
for in cash, service of property
| pFOSlueO TIE SCI VIC oiio PioPei y.
be fixed at a value placed by thu
board Of directors. The corporation
shall commence doing buslnes
when three thousand (S3,0O0.OO dol
lars of stock has been subscribed
and paid for.
| ARTICLE V.
The corporate powers OF this cor
poration shall be vested in and 1t
affairs shall be managed by boar
of directors, thfee in number, to b
elected by ballot by the stockhold
ers at a meeting to be held at tn
domicile Of the company on tn
second Tuesday of November Q
each year, beginning in 1913. INT
such election the following sha5
compose such board of directors
.W. L. Carter, president; Alex Pour
teau, vice president; and J. }. Oar
by, who shall be secretary-treasuI
er. The officers shall be electe
viva yoce at a meeting of the dl
rectors called for that purpose. va
Icancies on the board may be file
for the unexpired term by the re
naming directors. The board men
bers may by written proxy act Il
each other at board meeting
The board of directors may en-
play general manager ar
such other agents as the u
terests of the company may e
uuire, and discharge them at plea
ure: each director shall own at lea
one share of stock in the corpor
|tion. Three directors shall cOnst
! Itute a quorum Of the board for Il
J transaction of business, who shs
attend in person or proxy. II
board Of directors shall be increas
or decreased at the will OF t.
} stockholders as evidenced by a vo
of three-fourths of the stock at
meeting called for the purpose.
ARTICLE VI.
The CORPORATION may be disSolv