The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-06-19
CHARTER
CALDWELL OIL COMPANY,
JIMiTEn

fore me the undersigned authority per-
sorallv came and appeared the persons
whose names are hereuntO subscribed
and who declared that, awaiting. them
selves of the Constitution and Laws
of the State of Louisiana relative to
the organization of corporations, they
have and do by these presents form
themselves into corporation under
the tern, and conditions and subject TO
the stlyulations hereinafter set forth,
and fur her declared that they DO here
bv adont constitute and make this
their charter.
ARTICLE |.
The name Of this corporation is and
shall be The Caldwell Oil Company,
Limited, and under its said corporate
name it shall exist for a period OF
ninetv-nire wears, unless sooner dis-
solved pursuant to the laws OF the
State Of Louisiana, and in the manner
hereinafter set forth. \
ARTICLE II. .,
The domicile of this corporation shall
be and it is hereby declared to be at
the town of Columbia, in the PARISH OF
Caldwell and state Oh Loulsiaio'
ARTICLE III.
The business of and II objects and
purposes for which this corporation is
ORGANIZED is hereby declared to bore,
dig and explore the earth for oil, gasoc
al and other minerals and to construct,
own and operate all such transporta
ton lines as it may deem necessary for
the transportation OF its products TO
market; and to acquire by lease, pur-
chase or any other lawful means any
and all lands upon which it deems it
hopeful and advisable to bore, dig and
EXPLORE the earth for any or al of the
minerals hereinabove designated.
ARTICLE w.
The capital stock of this corporation
is hereby fixed at the sum OF one hun
dred and fifty thousand dollars. to be
divided into one hundred and fifty
thousand shares Of par value OF one
dollar per share, and shall be paid for
by and through the purchase or lease
from land owners, for and in the name
of the corporation, oil and gas and 9th
er mineral rights in and upon said lands,
the value of each right thus secured to
be fixed by the board of directors here
matter provided for; or the said share
OF stock may be paid for in cash II the
9 subscriber to such stock shall SO elect;
or the said stock may be paid for by
the subscriber in such property, real
or personal which the subscriber may
elect to convey to the corporation at
such price as the board of directors
hereinafter provided for may fix; or
the SAID shares of stock may be paid
for by the subscriber in such work or
labor as the subscriber may do or per-
form for the said corporation, at such
price per day, week, month or year as
may be agreed upon between him and
the board of directors hereinafter pro-
vided for, and each certificate of stock
shall be in such form as the board OF
directors hereinafter provided for may
elect.
ARTICLEV.
This corporation shall be and it is
hereby vested with all the powers
granted to corporations of this kind
under the laws of the State of Louis
lana; and in its corporate name it is
authorized to sue and be sued.
ARTICLE vi.
The affairs of this corporation shall
be managed and controlled by board
of five directors, and the first board
shall be composed of C. A. Kerr. R.
r. Redditt, L. C. Schweger, S. P.
Walker and A. j. Hasbrouck; and of
which board, C. A. Kerr shall be pres
ident, r. R. Redditt, vice-president.
and E. C. Schwegec, secretary-treas-
urer. All legal process shall be made
on the president, and, in his absence,
/ on the vice-president, and in case of
j his absence on the secretary, at the
! domicile of the corporation; and said
officers shall be and they are hereby
vested with such powers as the board
of directors may confer upon them, and
the present board of directors and Of
ficers hereinafter designated shall hold
office, and exercise all the functions
thereof until their successors shall be
elected, provided that the first election
of board of directors and officers un.
der this charter shall be held at the
domicile of this corporation on the Sec
ond Monday in March, 1915, and on ev-
cry recurring annual anniversary of
of said date, an election of board of
directors and officers shall beheld; at
which election each share of stock
present, or represented by written
proxy, shall be entitled to one vote, but
failure to hold such election or to
elect new board of directors and Of
ficers at the time indicated herein shall
not have the effect of rendering void
any act or thing done by board of di.
rectors and officers elected at the last
preceding election, but said directors
and officers shall continue to exercise
their functions until their successors
are elected and qualified. The secre-
tary of said corporation shall give ten
days previous written notice to each
stakeholder of the time and place of
hesholding said annual election.
ARTICLE VII.
This charter may be amended, or the
corporation may be dissolved by vote
of two-thirds of the outstanding stock,
at any meeting called for that purpose
but at least thirty days notice by pub.
LEGATION in weekly newspaper pub
flished in the Parish of Caldwell, and
thirty days written or printed notice
to each stock holder addressed him at
his last known post office address ap-
pearing on the stockbooks of the cor
poration, shall be required to be given
and no amendment to this charter or
dissolution of the CORPORATION shall be |