The Caucasian. (Shreveport, La.) 1900-192?, 1913-03-20
CHARTER
or the Oil City Development COM
pany.

State of Louisiana, PARISH OF Oau-
do: Before me, Roland Williamson, a
rotary public in and for the PARISH
and State above written, duly COM
missioned, qualified and acting as
such. personally came and appeared
the several persons whose names
are subscribed hereto, and who de-
clared that they do by these pres
ents constitute and form themselves
into a body polite or corporatioh'
as we'll as such other persons as
NAV become associated with them,
under the laws of the State OF
Louisiana, in terms and condltlolis
as follows, tO-wit:
ARTICLE I.
The name of this corporation
shall be The Oil City Development
Company. It's domicile shall be at
Shreveport, Caddo Parish, state Oh
Louisiana. Citation and other legal
process shall be served on its pres
ident. or. in his absence, on the
vice president, OF in his absence on
such persons as may be designated
by law. It shall enjoy succession
under it's corporate name for pc
Rod of ninety-nine years.
ARTICLE II.
Under it's corporate name it snail
have power to contract, sue and De
sued; to make and use a corporate
seal: to hold, receive, purchase
convey, mortgage, pledge and n.y.
pothecate all kinds of property; 10
name and appoint such managers,
directors and officers as its interests
and convenience may require; to
make and establish such bylaws
and rules for the proper regulation
If its affairs as may be deemed re-
uuisite and necessary, and snail
have all such other and further
covers as are now or may hereafter
he conferred by law on corporations
| OF associations of the same or SIM
| liar kind.
ARTICLE III.
The purposes for which this COM
pany is formed are to buy, hoid
own. mortgage, sell and deliver
property, immovable and movable
| O develop, drill and lease property
Tor oil or gas purposes; to marke
| oil and gas, and to build, acquire
| md operate such pipe lines, tanks
| lank cars and other appliances a
| may be deemed necessary thereto
| ARTICLE ~.
/ The capital stock is fixed at hit
Thousand and no-i0O dollars, divlde'
Il ntO five hundred shares OF one hun
dred dollars each. No stock shall d
II issued until fully paid for; no trans
Ter of stock shall be binding on tn
| CORPORATION until transferred on tn
books of the company. Stock sub
| scriptions may be paid for in casl
service or property, provided tn
service and property be placed at
Value fixed by the board OF dlrec
tors. This corporation shall con
nence doing business when fl>
thousand (s5,OOO.OO) dollars of stoc
o had been subscribed and paid for.
ri ARTICLE v.
/ The corporate powers OF this CO..
poration shall be vested in and
affairs shall be managed by a boar
Of directors, three in number, to
: elected by ballot by the stockhol'
ers at a meeting to be held at u
) domicile of the company on the Sc
a. ond Tuesday of November OF ea'
u gear, beginning in 1913. Until SUI
election, the following shall COZ
pose the first board of directors:
y L. Carter, who shall be presider
W. P. Parks, who shall be vice pre-
ident; and l. C. MCGEE, who shall
-. ,ecretary-treasurer. The office
" shall be. elected viva voce at a met
ing of the directors called for tt
-. purpose. Vacancies on the boa
y, may be filled for the unexpired tel
by the remaining directors; boa
members may by written proxy
% for each other at board meetin
The board of directors may emp
ageneral manager and such oil
s agents as the interests of the co
a pany may require, and discha