The Caucasian., 1913-08-26
CHARTER



State Of Louisiana, duly commits
stoned and qualified, and in thu
presence of the witnesses hereinat-
ter named and undersigned, came
and appeared the persons whose
names are hereuntO subscribed
who severally declared that availinq
themselves Of the provisions Of the
laws Of the State Of Louisiana rela-
tive to the organization Of corpora
tions, they have formed and organ
lied, and by these presents do form
and organize themselves into a cor
poration and body polite in law, for
the objects and purposes, and under
the stipulations and limitations
hereinafter set forth and expressed
and to this end do hereby formulate
and adopt the following charter, to-
wit:
ARTICLE I.
The name and title Of the cor
pOratiOn formed by this act is de-
Clared to be The John Scharbauel'
Oil Company. It's domicile is hereby
fixed at the City Of Shreveport, La,
and it shall have and enjoy success
sion by its corporate name for a
period Of fifty (50) years from and
after the date thereof. It shall have
power and authority to contract,
sue and be sued in its corporate
name; to make and use a corporate
seal; to issue shares Of stock repre-
senting its capital stock; to acquire
by purchase or lease and to hold
real and personal property, and to
sell, lease. mortgage and pledge the
same, and to borrow money and is
sue bonds, stocks, notes and other
obligatlOns- all in aid Of its main
purpose as hereinafter SGT forth. All
citations or other legal process shall
be served upon the president OF the
company, or in his absence or ina
bility to act upon either Of the vice
presidents, or in their absence or
TO act, the same shall be
served at the office of the company
III accordance with the direction o:
the law
ARTICLE III.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by it are hereby declared
to be TO exploit, drill, explore and
mine in this and other states, lands
it may own or lease, containing or
believed to contain gas, petroleum,
and other oil deposits, or pools, OF
other minerals; TO carry on the bus
mess Of searching for, prospecting,
piping, storing, transporting, sup
plying, selling and distributing gas,
petroleum and other oils and their
products and by-products; to bore,
operate and maintain oil wells, gas
wells, to construct the necessary
machinery, plants, tanks,
stores and warehouses; toohandle,
store and transport oil, gas, brine
and other minerals, or mineral So
lutions, and to make reasonable
charge therefor. Also, whenever
permitted by law, to have the right
and power to enter upon private
rights Of way, easements and prop
critics of all persons and corpora
tions, and to have the right Of lay
ing its pipes and pipe lines across
and under any public road, streets,
railroad right Of way, street rail-
road, canal or stream, or bed q
lake. ARTICLE III.
The capital stock9of this corpora
ton is hereby fixed at the sum OF
one hundred thousand ($tO0,OOO.O0)
dollars, divided into and represent
ed by one thousand $1,000 shares Of
the par value Of one hundred dol
lars (s1OO.OO) per share, which shall
be paid for in cash or its equivalent
at the time of its issuance When
ever 500 shares or fifty thousand
dollars of the capital stock shall
have been subscribed for and paid
in cash or its equivalent, this cor
pUratiun shall have authority tn
commence business.
ARTICLE IV.
The corporate powers OF this cor
poration shall be vested in and ex-
ercised by a board Of seven direc-
tors, chosen from the stockholders
4 majority Of whom shall constitute
a quorum for the transaction OF
business. The board Of directors
shall be vested with power and au-
thority to make all contracts, pur-
chases, leases, sales, etc, in tht
prosecution Of the business OF the
company, and to adopt code OF by
laws, rules and regulations Tor the
management Of the business and af-
fairs of the company, and may alter