The Caucasian., 1913-10-12
CHARTER
OF the Oil City Trading and Drilling
Company.

state nf Louisiana, Parish of t11-'
fo- Before me. Roland Williamson
a notary public ii ana for the = 'f-I
i,b and state above WIs'irH, "u->
commissioned and qualified and a'f-I
Iug a. such. personally came ana
appeared the srNera. persons Mil">r|
names are subscribed hrt"io, ahd
who declared that they 1@ bN theaH
rrc-rnt, constitute and form them
selves into a body polite orcorpoi-I
alton. as we'll as such other persons
a. NAV become associated WIJh
them llntyrr the laws of the stale ol
louisiana. i'll terms ana CONDITIONS
As follows. to-Wit:
ARTICLE I.
The name Of the corporation >haII
be the Oil City Trading and Drilling
Company. I1S dOmlrlIr shall he a
Shrevpport. Cadd0 Parish. Stale 9!
Louisiana. Citation and other lr@ai
process shall be served on itS pres
ident. or in his absence on the wee
president. or in his absence on sufh
nersons As NAV b. designated by the
law. 1t shall enjoy succession unuef
its corporate name for a period OF
ninety-nine years.
ARTICLE II.
Under its corporate name II sliail
have the power 10 contract, sue ana
be sued: to make and use corpof-
ate seal; to hold, receive. purchase,
convey, mortgage, pledge and ny
pothecate all kinds of property; to1
name and appoint such managers,
directors and officers as It's inter
estS and convenience may require.
to make and establish such bylaws
and rules for the proper regulation
Of its affairs as may be deemed
requisite and necessary. and shall
have all such other and furthef|
powers as are now or may hereafter
be conferred by law on corporations
and associations of same and SIM
liar kind
ARTICLE III.
The purposes for which TINS COM
panv is formed are to buy, hold.
own. mortgage, sell and deliver
property, immovable and movable;
TO develop, drill and lease property
for oil and gas purposes: to market
oil and gas, and to build, acquire
and operate such pipe lines, tanks,
tank cars, and other appliances as
may be deemed necessary thereto.
ARTICLE ".
The capital stock is fixed at
twenty-five thousand 1928 100000
dollars, divided into two hundred
and fifty shares of one hundred
$4,000 dollars each. No stock shall
be issued until fully paid for; no
transfer of stock shall be binding on
the corporation until transferred
on the books Of the corporation.
Stock subscriptions shall be paid
for in cash, service of property,
provided the service and property
be fixed at a value placed by the
board of directors. The corporation
shall commence doing business
when three thousand (S30000O) dol
lars of stock has been subscribed
and paid for.
ARTICLE V. -
The corporate powers Of this Cor
poration shall be vested in aIpd its
affairs shall be managed by = board
Of directors, three in number, to be
elected by ballot by the tstockhold-
ers at meeting to beFheld at the
demicile of the company on the
second Tuesday of November of
each year, beginning in 1913. Until
such election the following shall
compose such board of directors:
". L. Carter, president; Alex Pour
teau, vice president; and J. J. Oar
by, who shall be secretary-treasur-
er. The officers shall be elected
viva vOce at meeting Of the dl-|
rectors called for that purpose. Va
saIcies on the board may be filled
for the unexpired term by the re-
naming directors. The board mem
bers may by written proxy act for
each other at board meetings..
The board of directors may en-
play general manager and
such other agents as the in
terests of the company may re-
auire. and discharge them at pleas
ure: each director shall own at least
one share Of stock in the corpora
zion. Three directors shall constl-
tute a quorum Of the board for the
transaction Of business. who shall
attend in person or proxy. The
board of directors shall be increased
or decreased at the will of the
stockholders as evidenced by vote
of three-fourths of the stock al al