The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-14
CHARTER
Of the Security Oil Company.

DO. .B6 IL Remembered tHut VII I'LL
dav. before me, J. A. Thigpen. no
Itary public, came and appeared the
parties whose names are hereunto
subscribed, who declared that avail
ing themselves of the prov lslons OF
1.-The laws of this State relative to
corporations, they have formed a
lcOrporatiOn under the name and
style, and with the powers and priv
ileges hereinafter stipulated, to-Wlt
ARTICLE |.
The name of this corporation shall
be Security Oil Company, with its
domicile in the City of Shreveport,
Cadde Parish, La, and under SAID
corporate name it shall have and
enjoy succession for a period OF
ninety-nine 90 years, unless soon
err dissolved as hereinafter stated.
All legal process shall be served on
the president, or in his absence at
the office of the corporation, &C
cording TO law.
ARTICLE Il
The object and purposes OF this
corporation are hereby declared TO
be to engage in the business OF
drilline, mining and 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 purpose of transporta-
ton of such products; and the pur-
chase and sale of such mineral pro-
ducts as may be obtained by its MN
ing operations, and the purchase,
lease and sale of lands and personal
property; and in general the dong
of any and every act necessary, IN
cident to or consistent with the gen.
eral purpose of the company to
mine, market, transport and sell
natural gas and petroleum, lnclud-
ing the right to y ne crude oil: Civ
ing the corporak he right to
qualify under the Ia>>> the State
as 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,OOOOO) dollars, divid-
ID into five hundred shares of the
oar value of one hundred 100000
dollars per share. This corporation
is authorized to commence business
whenever three thousand (S3,00O.00)
dollars of its capital stock 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. O.
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 be
held on the first Monday in January
of each year, beginning with the
year 1914. The officers of the COM
pany shall be president. vice pres
ident and secretary-treasurer, to be
elected by the directors. Until their
successors are elected and qualified
the first board of directors shall
consist of the following: R. S. Ayers
president; J. l.. Bowman, vice pres
Iident, and Geo. G. DimicA,, secre-
ltary- treasurer. Said board shall
have power to select and appoin
such other officers as they may de-
Isire, and to make and establisi~sucf
L. y
iby-laws for the proper Management
land regulation of the affairs of thu
Incorporation as may be proper, which
|by-laws shall be binding on tn
stockholders as if written in thi
Icharter.
i ARTICLE V.
| Whenever this corporation is dis
lsolved by limitation or otherwise
Its affairs shall be liquidated by tw
lpersons selected for the purpose a
a stockholders meeting duly held
and said liquidators shall perforr
lsuch services and give such securit
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 stockhold
ers shall be notified ten days priC
TO any meeting of STOCKHOLDERS b