The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-08-30
CHARTER
Iatt Oil Company, Limited
STATE OF LOUISIANA

ally came and appeared the persons whose names
are hereunto signed. who declared unto me in
the presence OF the undersigned two competent
witnesses. that awaiting themselves Of the Con
sritution and Laws of the state OF Louisiana
and especially OF Act l54 OF the Acts OF the Cen
eral Assembly of the State of Louisiana for the
year 1902 relative to the formation Of corpora
tons they have formed and do by these pres
ents form and constitute themselves as well as
such other persons may hereafter be associ-
ated with them into a limited corporation and
body polite in law. and to that end they hereby
adopt the following charter and act OF ncorpor-
alton, to-wit
ARTICLE ONE.
The name and style of this corporation shall
be IATT OIL COMPANY. LIMITED. and its
domicile shall be and is herebs established ut
Colfax. in Grant parish. Louisiana. aud under
its said corporate name il shall have and enjoy
succession for period of ninety nine years.
less otherwise or sooner dissolved hereinafter
set forth, and the power to contract. sue and be
sued TO own property. real. personal aud mix
ed. and to sell, mortgage pledge, affect, aud by
pothecate the same at its pleasure
ARTICLE TWO.
The nature of the business to be carried ON.
/
esta blished. are hereby declared to be as follows:
To develop oil, gas and other minerals on any
property owned. leased or controlled by IT, in
the state of Louisiana or elsewhere; 10 drill
wells for gas and oil, and To sell the product
thereof: to construct, maintain and operate pipe
lines the transportation of oil, gas and other
minerals. and products obtained from the same
or otherwise; t. construct and carry on works
TO supply cities aud towns with gas. electricity.
water, and fuel oil. any of them; to establish
plants for the purpose of refining oil; to open
and work mines; to bore for oil, petroleum. gus,
salt or other mineral or earthern products. and
| to establish pipe lines or other means OF trans
| portation OF such products to market; and gen
orally to do and perform any and all things
essary for the fulhllment OF the purposes above
set forth and to that end to engage in any, bust
ness not specially mentioned above incident to
its business dealings necessary and convenient
| thereto, and to make and sign any and all con-
tracts and agreements and to undertake any
| and all obligations necessary aud proper con-
nected with it affairs.
ARTICLE THREE.
| This corporation shall have power to make
and use a seal with such device may be desir-
| ed and to alter and change the same at pleasure
| aud In the name and style above set forth. ii
shall have power and authority to sue and be
sued, to plead and be impleaded. to purchase.
| own lease sell, mortgage and affect and other
wise dispose OF cucumber its properties
qnired TO be acquired.
IL shall have power to elect directors to APP
point aud employ servants, agents, clerks. and
| any and all kinds of employees necessary to car
| ~ on the business and purposes of the corpora
ton and to fix their salaries aud compensation;
to execute aud sign promissory notes; to sell,
transfer and endorse accounts. drafts and con-
tracts. and to undertake all necessary obliga-
lions for the proper transaction of their bnsi-
nesses as above set forth and to carry out the
uses and purposes for which this corporation is
| organized.
To make all rules and by laws and regulations
| for the conduct and government Of its several
affairs and the furtherance of its PURPOSES not
contrary to law or Inconsistent with this charter
ARTICLE FOCR.
| The capital stock of this corporation is hereby
| fixed at One Hundred Thousand Dollars divided
into one Thousand shares OF the par value Of one
hundred dollars each. and all stock shall he paid
| for in cash for services rendered OF property
| transferred to the corporation. as per actual
value thereof and ali stock shall be fully paid
for and no certificate OF stock shall be issued I'M
| til paid for in the manner prescribed.
Certificates OF stock shall be signed by the
president and the secretary under the seal OF the
corporation.
This corporation may commence business and
| Is authorized so to do as soon as five thousand
dollars of the capital stock have been subscribed
and paid for.
ARTICLE FIVE.
No stock Of this corporation shall be sold to
any other than stakeholder therein until the
| same has oeen offered for sale to the stockhold-
| ers for period Of ten days. allowing the stock
holders the privilege OF purchasing the same at
a fixed price. This ten days notice shall be con-
| sidered given when written printed notice
| OF the offer Of sale. naming the price. has been
/ posted for ten days In the Office OF the company
at its domicile.
No transfer of stock shall be binding until the
snme has been entered on the books of the CON-
pany.
| ARTICLE SIX
All the powers OF this corporation are hereby
vested in Board of Directors. to consist of nine
| stockholders. five OF whom shall constitute
quorum for the transaction of business, and
their acts shall be valid corporate acts.
The Board of Directors shall be elected by the
stockholders annually at the annual meeting of
the stockholders, which annual meeting shall be
| held on the second Tuesday OF the month OF
April OF each and every year. beginning with the
year 1914, and the directors herein named and
| their when elected shall hold Office
| until the election of their The board
Of directors shall be elected by majority vote
| OF the stockholders and shall be by ballot each