The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-16
CHARTER
OF the Security Oil Company.

| State of Louisiana, Parish Of Cad
do: Be it remembered that on this
day, before me, ]. A. Thigpen, no
tary public, came and appeared the
parties whose names are hereunto
subscribed, who declared that avail
ling themselves of the provisions OF
1.-The laws of this State relative to
corporations. they have formed a
lcOrporatiOn under the name and
lstyle, and with the powers and priv
lileges hereinafter stipulated, to-wit:
| ARTICLE l.
The name of this corporation shall
be Security Oil Company, with its
|domicile in the City of Shreveport,
Caddo Parish, La, and under said
corporate name it shall have and
enjoy succession for period OF
Ininety-nine 900 years, unless soon
Ier dissolved as hereinafter stated.
Ian legal process shall be served on
1.-The president, or in his absence at
1.-The office of the corporation, &C
lcording to law.
ARTICLE II. y
The object and purposes OF this
lcorporation are hereby declared to
|be to engage in the business OF
thrilling, mining and exploring for
| oil, gas and other minerals, with
1.-The right to do any and everything
incidental thereto, including the
establishment and building OF nape
lines for the purpose of transporta-
Ition of such products; and the pur-
|chase and sale of such mineral pro-
ducts as may be obtained by its min
ling operations; and the purchase,
lease and sale of lands and personal
lproperty; and in general the doing
of any and every act necessary, in
lcident to or consistent with tge gen.
eral purpose of the company to
mine. market, transport and sell
natural gas and petroleum. includ-
ling the right to refine crude oil; Civ
ing the corporation the right to
qualify under the laws of the State
| IS a common carrier of such pro-
ducts.
ARTICLE III:.&
The capital stock of this corpora
ton is fixed at the sum of fifty
thousand (s5O,OOO.O0 dollags. divid-
ID into five hundred sharss OF the
,ar avalue of one hundred ($iOOOO)
dollars per share. This corporation
lis authorized to commence business
whenever three thousand ($3,OOO.00)
dollars of its capital Sock 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 corporation
as may be determined by the direc-
tors.
| @ ARTICLE ". @
| The corporate powers of this cor
poration are hereby vested in board
of directors consisting of three
stockholders, the majority of whom
shall constitute quorum for the
transaction of business. The said
board shall be elected annually al
The annual meeting of the stock
holders of the corporation, to bf
j. held on the first Monday in January
If each year, beginning with the
. year 1914. The officers of the COM
pany shall be president, vice pres
J ident and secretary-t reasurer.sao bt
! elected by the directors Until theil
SUCCESSORS are elected and qualified
1.-The first board ofdirectors shall
;. consist of the following: R. S. Ayers
president; J. L. Bowman, vice pres
ident, and Geo. G. Dimick, secre
ltary- treasurer Said board shall
have power to select andSappoin
!: such other officers as they may de
J. |sire, and to make and establish sucl
|. iby- lawgfor the proper management
e land regulation of the affairs of tn
: corporation as may be proper, whic
g bylaws shall be binding on tn
II stockholders as if written in thi
r lcharter.
eI ARTICLE ".
I'll Whenever this corporation Is dis
e solved by limitation or otherwis
its affairs shall be liquidated by tW
. persons selected for the purpose {
e stockholders meeting duly hell
If l1and said liquidatorSR shall perforl
st Isuch services and give such securit
l. as the stockholders may require.
l. ARTICLE vi.
10 At all meetings of the stockholt
he ers each share of stock shall be Ell
2 titled to one vote, to be cast in Pc
III son or by proxy. When not othe
to wise provided by law, all stockhOl'
Id ers shall be notified ten days pri