The Caucasian. (Shreveport, La.) 1900-192?, 1913-05-13
CHARTER
OF The HI. L. Heilperin Oil Com
pany.

day before me, 5. l.. HerOld, notary
public. came and appeared the par
ties whose names are hereuntO sub
scribed. who declared that awaiting
themselves Of the provisions of the
laws of this State relative to cor
porations, they have formed a cor
poration under the name and style
and of the powers and privileges
hereinafter stipulated, to-wlt:
ARTICLE |.
The name of this corporation shall
be 1.-The H. L. Heilperin Oil Com
pany," 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 800 years unless sooner
| dissolved as hereinafter stated. All
legal process shall be served upon
the president, or, in his absence, DIT
the office of the corporation accord
ing to law.
ARTICLE II.
The objects and purposes of this
| corporation is hereby declared to
be the business Of mining for oil,
gas and other minerals, with the
right to do any and everything in
cidental thereto, including the
building of pipe lines, and the pur-
chase, lease and sale of lands and
personal property, and for the pur-
pose of holding lands for develop
ment by other persons or corpora
tons.
ARTICLE III.
The capital stock of this corpora
ton is fixed at the sum of one hun
dred thousand (sl0O,O00.0O) dollars,
divided into one thousand shares of
the par value of one hundred dol
lars per share. This corporation is
authorized to commence business
whenever ten thousand dollars Of
capital stock is subscribed 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 corporation, as may be deter
mined 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 remaining stockholders for a
period of ten days at a price equal
to any bona fide offer made for
same, OF, in lieu thereof, at its book
value; such offer TO be made in
writing addressed to the president
of this corporation. And this limita-
ton as to the sale of stock shall be
incorporated in all certificates Of
stock issued by this company.
ARTICLE w.
All of the corporate powers of
this corporation are hereby vested
in the president, who shall manage
the affairs of the corporation with
out let or hindrance on the part of
any stakeholder thereof; being vest
ed with full power and authority to
do any and every act which a board
of directors of the corporation
should perform under the laws of
the State of Louisiana. The presi-
dent shall hold office at the pleasure
of the stockholders. Until his sue
cessor shall have been elected and
qualified, H. L. Heilperin shall be
president Of this corporation. The
president shall have power to select
and appoint such other officers as
he may desire, all of whom shall
hold Office subject to his pleasure.
ARTICLE v.
Whenever this corporation is dis
solved by limitation or otherwise,
its affairs shall be liquidated by two
persons selected for the purpose at
a stockholders meeting duly held;
and said liquidators shall perform
such services and give such security
as the stockholders may require.
ARTICLE vi.
At all meetings of the stOckhold-
ers each share of stock shall be en-
titled to one vote, to be cast in per-
son or by proxy. When not other
wise provided by law, all stock
holders to be notified ten days prior
to any meeting of stockholders by
letter addressed to them at their
usual postOffice address.
ARTICLE VII.
No stakeholder of this corpora
ton shall ever be held liable or re-
sponsible for the contracts or faults
thereof in any further sum than the
unpaid balance due the company on
their stock; and no informality in
organization shall have the effect of
rendering this charter null or of ex-
posing its stockholders to any loss
beyond the amount of their capital