The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-07
CHARTER
OF the S-B-h Oil Company.

Itary public, came and appeared the
parties whose names are hereunfe
subscribed, who declared that avail.
ling themselves of the provisions OF
| the laws Of this State relative t.
corporations, they have formed {
Incorporation under the name ano
style, and with the powers and priv
iileges hereinafter stipulated, to-
wit:
ARTICLE |.
| The name of this corporation
shall be ssS-B-H Oil Company with
Its donicile in the City of Shreve-
port, Caddo Parish, La, and under
said corporate name it shall have
and enjoy succession for period
of ninety-nine go years, unless
sooner dissolved as hereinafter
stated. All legal process shall be
served on the president. or in his
absence at the Office of the corpora
ton. according TO law.
ARTICLE II.
The object and purposes, Of this
corporation are hereby deered to
be the business of buying az SELL
ling oil, with the right to do any and
everything incidental thereto. in
Icluding the establishment and
building of pipe lines for the pur-
pose of the transportation of such
product; and the business of min
| ing for oil and other minerals; and
The purchase and sale of such min
eral products as may be obtained by
its mining operations: and the pur-
chase. lease and sale of lands and
personal property: and in general
he doing of any and everything
necessary. incident, or consistent
with the purpose Of mining, pur-
chasing, marketing, transporting
and selling petroleum oil and other
minerals: giving the corporation the
right to qualify under the laws OF
the State as common carrier Of
such products.
ARTICLE III.
The capital stock of this cOrpor-
alton is fixed at the sum of fifty
thousand <S50,O0O.00) dollars, d.
!->ided into five hundred shares OF
he par value of one hundred 500
dollars per share. This corporation
authorized to commence business
whenever ten thousand t3i0,OOOO0,
dollars Of its capital stock is sub
,cribed for and paid in cash, or its
equivalent. No stock shall be issued
until the same is fully paid for, but
stock may he issued in payment OF
property, real or personal. Or for
services rendered to the corpora
ton as may be determined by the
directors.
ARTICLE ~.
The corporate powers of this cor
poration is hereby vested in board
If directors consisting of three
stockholders, the majority OF whom
shall constitute a quorum for the
transaction OF business, The said
board shall be elected annually at
the annual meeting Of the stock
holders of the corporation to be
neld on the first Monday in January
of each year, beginning with the
year 1914. The officers OF the COM
pany shall be president, vice
president and OBSERVATION-DISCLOSURES,
10 be elected by the directors. Until
their successors are elected and
qualified, the first board Of direc-
tors of the corporation shall con-
,ist of the following: D. P. Batch
| elor, S. p. Schenbereer and S. s.
Hunter, with D. P. Bachelor as
president, S. S. Hunter as vice pres
| ldent, and S. p Schenberger as see
| retary-treasurer. Said board shall
nave power to select and appoint
| such other officers as they may de-
sire, and TO make and establish such
| bylaws for the proper management
md regulation Of the affairs OF the
corporation as may be proper
| which bylaws shall be binding on
I the stockholders as if written in
This charter.
/ ARTICLE V.
/ Whenever this corporation is dis
solved by limitation or otherwise
FITS affairs shall be liquidated by two
persons selected for the purpose al
/ a stockholders meeting duly held
md said liquidators shall perform
I Iueh services and give such secur-
lily as the stockholders may require
/ ARTICLE W.
| At all meetings of the stockhold-
ers each share of stock shall be en-
Titled to one vote. to be cast in per-
on or by proxy. When not other
wise provided by law, all stock
holders to be notified ten days prior
Ito any meeting of stockholders b,