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

OF the Security Oil Company.
State Of Louisiana, Parish Of Cad
| do: Be it remembered that on TIN
day, before me, J. A. Thigpen, no
tary public, came and appeared tn,
parties whose names are hefeantt
subscribed. who declared that avail
ling themselves of the provisions o
the laws of this State relative t
corporations, they have formed
icorporation under the name ant
style, and With the powers and priv
Iileges hereinafter stipulated, to-Wit
ARTICLE |.
| The name of this corporation shall
/ be Security Oil Company. with it:
dOmicile in the City Of Shreveport
CaddO Parish, La, and under sale
corporate name it shall have ant
enjoy succession for a period OF
Ininety-nine 800 years, unless soon
er dissolved as hereinafter stated
All legal process shall be served on
the president, or in his absence at
the office Of the corporation, ac-
cording to law.
ARTICLE II.
The object and purposes of this
corporation are hereby declared to
be to engage in the business of
drilling, 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 min
ing operations; and the purchase,
lease and sale of lands and personal
property; and in general the doing
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, includ-
ing the right to refine crude oil: Civ
ing the corporation the right to
qualify under the laws of 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,OOO.O0) dollars, divid-
ed into five hundred shares of the
par value Of one hundred $4,000
dollars per share. This corporation
is authorized to commence business
whenever three thousand (S3,0OO.OO)
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
real or personal, or for
rendered to the corporation
IS may be determined by the direc-
OrS.
ARTICLE ".
The corporate powers of this cor
are hereby vested in a board
If directors consisting of three
tockholders, the majority of whom
shall constitute a quorum for the
transaction of business. The said |
BOARD shall be elected annually at |
he annual meeting of the stock
folders of the corporation, to be
eld on the first Monday in January
+ each year, beginning with the
ear 1914. The officers of the COM
any shall be president, vice pres
lent and OBSERVATION-DISCLOSURES, to be
lected by the directors. Until their
uccessors are elected and qualified,
ne first board of directors shall
onsist of the following: R. S. Ayers,
resident; J. L. Bowman, vice pres
lent, and Geo. G. Dimick, secre-
ary- treasurer. Said board shall
ave power to select and appoint
lch other officers as they may de-
re, and to make and establish such
y-laws for the proper management
nd regulation of the affairs of the
orporation as may be proper, which
'y-laws shall be binding on thel
ockhOlders as if written in this
larter.
ARTICLE Y.
Whenever this corporation is dis
)lved by limitation or otherwise,
S affairs shall be liquidated by two
ersons selected for the purpose at
stockholders meeting duly held;
I'D said liquidators shall perform
lch services and give such security
the stockholders may require.
ARTICLE vi.