The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-15
CHARTER
Of the Progressive Oil Company

OF the Progressive Oil Company
State of Louisiana, Parish of Cad
do: Be il remembered that on tins
/ the Doth day Of May 1913, before me-
! c.. b. Prothro. a notary public in and
for said parish. duly appointed, com
missiOned and qualified, came ant
appeared +. W. Woodruff. Joe L.
! Hill for himself and representing w.
/ W. Collier. r. NJ Biard, residents OF
/ san Antonio. BeXar County. Texas
and J. NJ. Bodie of LaSaile County,
/ Texas, who declared to me. notary
! that they have formed and cOnstI-
+ luicd themselves and do by these
/ presents form and constitute them
selves into a corporation and bodF
I corpOrate,' for the objects and pur-
/ poses and under the agreements and
/ stipulatiOns hereinafter set forth
which they hereby adopt as then
charter, to-Wit:
All IILE l..
| The name of this corporation
shall be the Progressive Oil Com
pany, and by that name it shall have
and enjoy succession for a period OF
ninety-nine 800 years unless sooner
dissolved, and shall have power to
| hold, purchase, lease, sell and by
pothecate property, real and per-
| SOnal, and to name managers, dIrec-
tors and agents as the interest OF
the corporation may require; to sue
and be sued; to make and use a cor
pOrate seal and same to break and
alter at pleasure: to make such by
laws and rules for the proper man
agement of the affairs of the cor
pOration as may be necessary.
ARTICLE II.
The dOmicile of this company
shall be the City of Shreveport, Cad
do Parish, Louisiana, and all eta
lions and other legal process shall
be served on the president. or i'll his
absence at the office of this corpora
ton according 10 law.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the sum of
seventy-five thousand 100000
dollars divided into seven hundred
and fifty shares of one hundred
| 100000 dollars each, which shall
be issued at not less than par. and
shall be paid for in cash or lis
equivalent when issued, and all of
which stock shall be fully paid and
non ssessable: provided that the
corporation may begin business
when one hundred 400 shares rf
its capital stock have been sub
scribed and paid for; stock may be
issued in payment Of property, real
or personal, or for services per
formed or labor done for the cor
poration as may be determined by
the stockholders.
ARTICLE w.
The objects and purposes fol-
which this corporation is formed
and the nature of the business to be
carried on by it are hereby declared
to be the business of mining for oil
OF gas and other minerals, with the
right to do anything and everything
incident thereto, including the build
ing or acquiring and operation of 9
pipe line or pipe lines, the purchase
lease and sale and generally to dc
all such things as are incident tt
the business of producing oil an(
gas and the sale and disposition Of
same; such operations to be carried
on within the State of Louisiana OF
| elsewhere in the discretion OF TIT
board of directors of this corpora.
ton.
ARTICLE v.
All of the corporate powers of thi
corporation shall be vested in
board of directors of not less thai
three nor more than nine stockhold
ers, who shall be elected on the sec
Ond Tuesday in June 1913 and an
nually thereafter; said directors t.
be elected by the stockholders at tn
annual meeting or at a meetln
called for that purpose, and at a.
such meetings each share of stoc
owned or controlled by each stock
holder shall be entitled to one vot'