The Caucasian., 1913-11-04
CHARTER
OF the Oil City Trading and Drilling
Company.

appeared the several persons whose
names are subscribed hereto, ant
who declared that they do by these
presents constitute and form them
selves into body polite or corpor-
alton, as we'll as such other persons
as mag become associated will
them, under the laws of the Stale OF
Louisiana iH terms and conditions
- f0llows, SO-wit:
sRYtClE ].
The name 04 the corporation snal
be Che Oi1 City Tcadin0 snA Drilling
Company. Cts domicile ehels be a
Shreveport, Gaddo Parish, state o1
louisiana. Citation and other Yegal
process shall be served 0B 5ts pres
ident, or in his absence 0n che Vice
president, or in his absence on such
persons as may be designated OS Che
law. 1t shall enjoy successioH under
| its corporate name for a period Of
ninety-nine years.
ARTICLE ".
Under its corporate name 1t snail
have the power to contract, sue and
be sued; to make and use @ cOrpGr-
ate seal; to hold, reRive, purchase
convey, mortgage, pledge and hy-
pothecate all kinds of property; to
name and appoint such managers
directors and officers as its 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 further
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 this COM
pany 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 al
twenty-five thousand (S25, 100000
dollars, divided into two hundred
and fifty shares of one hundred
100000 dollars each. No stock shall
be issued until fully paid for; nc
transfer of stock shall be binding on
the corporation until transferred
on the books of the corporation
Stock subscriptions shall be paiC
| for in cash, service of property
provided the service and property
be fixed at value placed by the
board of directors. The corporation
shall commence doing busines:
when three thousand (S3OOO.OO) dol
lars of stock has been subscribed
and paid for.
ARTICLE V.
The corporate powers of this cor
poration shall be vested in and its
affairs shall be managed by boart
of directors, three in number, to be
elected by ballot by the stockhOld-
ers at meeting to be held at the
domicile of the company on thu
second Tuesday of November o1
each year, beginning in 1913. Unit
such election the following shal
| compose such board of directors
w. L. Carter, president; Alex Pour
teau, vice president; and j. J. Dar-
by, who shall be secretary-treasur.
er. The officers shall be electet
viva voce at meeting of the di-
recters called for that purpose. Va
cancies on the board may be fillet
for the unexpired term by the re
naming directors. The board mem
bers may by written proxy act TO
each other at board meetings
The board of directors may en-
play a general manager an:
such other agents as the in
terests of the company may re
quire, and discharge them at pleas
ure; each director shall own at leas
one share of stock in the corpora
tion. Three directors shall consti
tute quorum of the board for tn
transaction of business, who shal
Iattend in person or proxy. TIL
board of directors shall be increase
or decreased at the will of tn
stockholders as evidenced by a vot
of three-fourths of the stock at
meeting called for the purpose.
/ ARTICLE vi.
], The corporation may be dissolve
at any time by three-fourths vot
of the stockholders, and when it
|disselved, three commissioners sha
be elected for that purpose at
L Il IL x-lA A1r,