The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-03
CHARTER
OF Shreveport Oil Refining Com
pany.

State OF Louisiana, Parish OF Cad
do: Be it remembered that on this
day before me, J. A. Thigpen, no
tary public, came and appeared the
parties whose names are hereuntO
subscribed, who declared that avail
ing themselves of the provisions of
he laws Of this State relative to
corporations, they have formed a
corporation under the name and
style and of the powers and priv
Ieges hereinafter stipulated, to-wit:
ARTICLE |.
The name of this corporation
shall be shreveport Oil Refining
Company" with its domicile in the
City of Shreveport, La, and under
said corporate name it shall have
and enjoy succession for period
of ninety-nine (99) years unless
sooner dissolved as hereinafter
stated. All legal process shall be
served upon the president, or in his
absence at the Office of the corpora
ton according TO law.
ARTICLE II.
The objects and purposes of this
corporation is hereby declared to
be the business of refining and SELL
ing petroleum and its products,
with all of the rights and privileges
necessary and incident to the re-
fning and distributing of petroleum
and its products; with the right to
hold and own real and personal
property, and to sell and dispose Of
same, together with the right to
contract and otherwise to exercise
all powers which are not prohibit
tive under the laws of the State OF
Louisiana to such corporations.
ARTICLE III.
The capital stock of this corpora
ton is fixed at the sum of five thou
sand (S5,00O00) dollars, divided into
fifty shares of the par value of one
hundred dollars per share; and said
corporation is authorized to CON-
mence business when five thousand
dollars of its capital stock is sub
scribed for and paid in cash or its
equivalent. No stock shall be issued
until the same is fully paid for, but
stock may be issued in payment OF
property, real or personal, or for
services rendered to the corpora
lion, as may be determined by the
stockholders. No sale of stock by
any stakeholder in this corporation
shall be valid unless the same shall
have first been offered to the re-
naming stockholders for period
of ten days at price equal to any
bona fide offer made for same; or, in
lieu thereof, at its book value; such
offer to be made in writing ad-
dressed to the president of this cor
poration. And this limitation as to
the sale of stock shall be incorpo-
rated in all certificates of stock Is
sued by this company.
ARTICLE ~.
| The corporate powers OF TINS cor
lporation shall be vested in boart
of directors consisting of five stock
holders, three of whom shall con-
Istitute a quorum, who shall o.
/ elected annually on the first Mon
day in June of each year, beginning
with the year 1914. Until its sue
/ eessors are elected and qualified TIL
board of directors is hereby de.
clared to be S. J. Hartman, J. M. Led
better, E. M. Telle, S. w. Tullos an'
Louis P. Samsot. The officers OF tn
company shall be elected by the d.
rectors annually, beginning with tn
first Monday in June 1914; and un
!. til such date the officers are de
clared to be S. j. Hartman, president
III. M. Ledbetter, vice president, an
IL. M. Telle, secretary and treasurer