The Caucasian. (Shreveport, La.) 1900-192?, 1913-02-09
CHARTER
OF the Crude Oil Company.

do: BE it remembered that on this
gay before me, J. y. Thigpen, notary
Ipublic, came and appeared the par
ties whose names are hereunto sub
~cribed, who declared that awaiting
| themselves Of the provisions OF the
laws cr this State relative to cor
poraDionS. they have formed q cor
poration under the name and style,
and with the powers and privileges
Hereinafter stipulated. to-Wlt:
ARTICLE I.
The name Of this corporation shall
be Crude Oil Company with It's
GomiciIe in the City Of Shreveport,
! Cacldo Parish. La, and under sald
corporate name it shall have and
enjoy succession for period OF
ninety-nine 80 years. unles sooner
dissolved as hereinafter stated. All
legal process shall be served on tn,
president. or in his absence at the
office of the corporation, according
to law.
ARTICLE II.
The object and purposes of this
corporation are hereby declared to
be- to engage in the drilling, min
ing exploring for Oil, gas and other
minerals, with the right to do any
and everything Incidental thereto,
including the establishment and
building of pipe lines for the pur-
pose of transportation of such pro-
ducts, and the purchase and sale
of such mineral products as may
be obtained by its mining opera
tons; and the purchase, lease and
sale of lands and personal property;
and in general the doing al any and
every act necessary, incident to or
consistent with the general pur-
pose of the company to mine, mar
ket, transport and sell natural gas
and petroleum: giving the corpora
ton the right to qualify under the
laws of the State as a common car
rler of such products.
ARTICLE III.
The capital stock of this corpora
tOin is fixed at the sum of one hun
dred thousand (siO0,000.OO) dollars,
divided into one thousand shares OF |
the par value of one hundred dol |
lars 100000 per share. This cor
pOration is authorized to commence
business whenever ten thousand
dollars of its 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 is
sued in payment Of property, real
,r personal, or for services rendered
o the corporation as may be deter
mined by the directors.
ARTICLE Nv. |;
The corporate powers of this cor
is hereby vested in a board
If directors consisting of three
stockholders, the majority of whom
shall constitute a quorum for the
of business. The said
BOARD shall be elected annually at
he annual meeting of the stock
folders of the corporation to be K
leld on the first Monday in January e
# each year, beginning with the
ear 1914. In the event of the death
i director, his successor shall be e
lected by the remaining directors, 4
ThO shall serve as a director until 4
he succeeding stockholders meeting
ED for the purpose of electing di-
ectOrs. Until their successors are
lected and qualified, the first board {
+ directors shall consist of the fol-
owing: H. L. Heilperin, L. E. Etchi-
on and Wheeler Shropshire, with
|. l.. Heilperin as president. L. E.
Gibson as vice president. Wheeler
as secretary treasurer. {
aid board shall have power to Sc
,ct and appoint such other officers 4
they may desire, and to make and
stablish such bylaws for the
roper management and regulation
the affairs of the corporation as
lay be proper, which bylaws shall
e binding on the stockholders as
written in this charter.
ARTICLE Y. \
Whenever this corporation is dis
olved by limitation or otherwise its
fairs shall be liquidated by two
ersons selected for the purpose at
stockholders meeting duly held: q
nd said liquidators shall perform r
1ch service and give such security r
the stockholders may require. q
ARTICLE vi. h
At all meetings of the stockhold- a
s each share of stock shall be en- Io
tied to one vote, to be cast in per- Il
m or by proxy. When not other C.
lse provided by law, all stockhold d
s to be notified ton dow, nn;.