The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-08-23
CHARTER
or THE
Iatt Oil Company, Limited
STATE OF LOUISIANA
PARIsHDF GRaSr

Before me- the undersigned authority. person.
ally came aud Appeared the persons whose names
are hrr.unto signed. who declared unto me In
the presence of the undersigned two competent
witnesses. that NV silihg themselves OF the Con
stitution aud Laws Of tie State Of Luuislann
aud especially Of Act Isl OF the Acts Of the Cen
eral Assembly Of the State of Louisiana for the
year 1902. relative to the formation Of corpora
| tions. they have formed and do by these pres
ents form and constitute themselves a. well az
| such other y rsoBs may hereafter be as-oei-
ated with them into limited corporation aud
body polite in Law. and to that end they hereby
adopt the following charter aud act OF incorpor-
alton. to-wit:
ARTICLE ONE
The name aud style of this corporation shall
he IATT oil COMPANY. LIMITED. and its
domiciIe shall be aud is hereb = established at
cofsx. in Grant parish. Louisiana. aad under
| its said corporate name 1t shall have and enjoy
succession for period Of ninety nine years. ul,-
less otherwise dissolved as hereinafter
set forth. and the power Co contract sue and be
sued; to own property, real. personal ane'mix-
ed. and to sell. mortgage pledge affect. and by
potbreaie the same at it's pleasure.
| ARTICLE TWO.
1
aud the purposes for which this corporation is
established. hereby declared 10 be as follows:
| To develop oil, gas and other minerals on any
property owned leased or controlled by il. Il.
the State OF Louisiana elsewhere; 10 drill
wells for gas and oil. and to sell the product
thereof: to construct. maintain and operate pipe
lines for the transportation Of OIL gas aud other
minerals. and products obtained from the same
1
to supply cities aud towns with gas electricity.
water. and fuel oil. or any of them; To establish
plants for the purpose Of refining oil; TO open
aud work mines To bore for OIL petroleum. gas.
salt or other mineral or earthern products. and
| to establish pipe lines or other means Of trans
portation OF such products to market. aud gen.
orally to do and perform any and all things nee
essary for the fulnllment of the purposes above
sci forth. aud to that end to engage in any bust
ness specially mentioned above incident to
| its business dealings necessary and nvenient
| thereto. aud to make and sign any aud all con-
| tracts aud agreements aud to uBd ,rtake any
aud all obligations necessary and proper or con-
| nected with it affairs.
ARTICLE THREE.
This corporation shall have power to make
aud seal with such device as may be desir-
ed and to alter and change the same pleasure
and In the name aud style above set forth. il
shall have power and authority to sue and be
sued, to plead and be implicated. to purchase
own. lease. sell, mortgage and affect and other
wise dispose of cucumber its properties ac-
quired OF to be acquired.
| 1t shall have power to elect directors. to ap-
point and employ servants. agents clerks. aud
ans and all kinds of employees necessary to ear
ry the business and purposes of the corpora
ton aud to fix their salaries and compensation:
to execute aud sign promissory notes; to SELL
transfer and endorse accounts. drafts and con-
trarts. and to undertake all necessary obliga-
tions for the proper transaction of their bust
nesses above set forth and to carry out the
uses and purposes for which this corporation is
| organized.
| To make all rules and bylaws and regulations
for the conduct and government of its several
affairs and the furtheranee OF its purposes. not
contrary to law or Inconsistent with this charter
ARTICLE FOUR
| The capital stock Of this corporation is hereby
fixed at One Hundred Thousand Dollars. divided
into one thousand shares Of the par value of one
hundred dollars each, and all stock shall be paid
for in cash or for services rendered OF property
1
value thereof and ali stock shall bs fully paid
for aud certificate of stock shall be issued I'M
| til paid for In the manner prescribed.
| Certificates of stock shall be signed by the
president and the secretary under the seal of the
corporation.
! This corporation may commence business and
Is authorized so to do rs I'VE thousand
dollars OF the capital stock have been subscribed
and paid for.
ARTICLE FIVE.
| No stock of this corporation shall be sold to
any other than a stockhoIder therein until the
same has been offered for sale to the stockhold-
ers for period OF ten days. allowing the stock
holders the privilege OF purchasing tae same at
a fixed price. This ten days notice shall be con-
sidered ~ given when written or printed notice
of the offer of sale. naming the price has been
/ posted for ten days in the Office of the company
at its domice.
| No transfer OF stock shall be binding until the
same has been entered on the books of the COM
pany.
4 ARTICLE SIX.
| All the powers of this corporation are hereby
vested In Board OF Directors 10 consist of nine
stockholders. i've of whom shall constitute
quorum for the transaction of business. and
their acts shall be valid corporate acts.
| The Board of Directors shall be elected by the
stockholders annually at the annual meeting OF
the stockholders. which annual meeting shall be
held on the second Tuesday OF the month OF
April of each and every year. beginning with the
year 1914 aud the directors herein named and
their Successors when elected shall hold Office
until the election of their successors The board
Of directors shall be elected by majority vote
Of the Stockholders aud shall be 10y ballot each
storkhoIder shall be entitled to many votes
as there are shares Of stock standing in his name
on the books Of the corporation and any stock
holder may vote either in person by written
| nroxs. ar the said ANIMAL Meeting as well rs