The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-06-20
CHARTER
JENA OIL COMPANY, Ltd.
STATE OF LOUISIANA
Parish of Grant

LaCroix, by. Clerk Dist Court and Ex-Officio No
tory Public. duly commissioned and qualified in
and for the parish of Grant and State OF Louis
ana. personally came and appeared Chas. II
Teal Jac Bloch W. ID. Lurry, J. W. Duncan. H
v. Sheriff.. A. Trammel Jas. J. o'Quinn. A
wettermark. T. A. Sims. william Hndgins. r. F.
McKnight and +. ". Onenhauser, who declared
to me Notary, and in the presence OF the two
subscribing witnesses hereto. awaiting them
selves OF the laws OF the state OF Louisiana rea-
tive to interpretations. they have covenanted
and agreed. and by these presents do covenant
and agree to form and constitute themselves, as
well as such other persons as may hereafter be-
come associated with them. into a corporation
for the objects and purposes and under the stip
uations and agreements hereinafter set forth
and expressed:
ARTICLE /.
The name and title of this corporation shall
be JENA OIL COMPANY. LIMITED.
Its domicile shall be and is hereby fixed In the
town OF Colfax. Grant parish. Louisiana. and II
shall have and enjoy succession under its corpor-
ate name for a period OF ninety years from date
hereof.
Citation and other legal process against ths
corporation shall be made as provided by Law
for citing resident corporations In Louisiana.
ARTICLE ii.
The object for which this corporationis formed.
any or all of which may be undertaken. are:
% To buy and otherwise acquire lands. ano
oil. gins. sulphur. coal and other mineral leases.
to sell. Lease mortgage. hypotheeate or other
wise deal In lands oil. gas. sulphur. coal and
other mIaSral lenses. or personal property and
aha
that may be necessary. convenient useful II
developing producing. gathering. saving. han
ding. using. refining. transporting and dispos-
ing of petroleum and natural gas. sulphur. Goa
and other mineral deposits OF every eharacte.
and description. aid to carry on and conduei
any and all such operations IL shall also hav.
the right to buy and sill petroleum. oil. gas. sui
phur or any other minerals or mineral products
whatsoever.
t2l To purchase. own or otherwise acquire
and to hold and aud al will to sell a nd assgi
and otherwise dispose OF any and all such leins
grants. rights OF way and other privileges grant
ed or to be granted by individuals. municipal
ties. or otherwise.
ARTICLE III.
The capital stock OF this company shall b.
Two Hundred Thousand (s2o0. 0oO.oO) Dollars
consisting OF Two thousand shares Of the pa
value OF One Hundred $4,000 Dollars each
and M soon as Three Thousand t$30e0. 00) Dol
lars shall have been subscribed for il is author
lied to begin business.
The board of directors shall have full authority
to sell. from time to time. stock of the company
as the said board thinks the business Of tn.
company requires.
Nn. NJ Z ion af1af no foau a
until the same shall have been fully paid for. Ii
may be paid for in money. lease rights. land OF
other property, or In services rendered. and tn.
value placed ON any services. leases. or any 9th
er property by the board OF directors of this cor
porati.n shall be conclusive upon all partie,
who may at any time be affected thereby.
ARTICLE Nv.
The corporate powers Of this corporation sha
be vested in board of directors to be compose
OF nine stockholders Of this company. who shall
be elected on the first Tuesday of May. A. d
1918. and annually thereafter; said directors t.
be elected by the stockholders at their annua
meeting meeting called for that purpose
and at all such meetings each share OF stocl
owned by each stakeholder shall be entitled T.
one vote. either in person or by written proxy
and majority Of the stock thus present. wheth
represented In person or by written proxy
shall control.
Notice OF all meetings of stockholders and OF
all elections shall be advertised ten (10) days
prior thereto In some newspaper published n
the parish of Grant. Louisiana.
The first board OF directors of this corpora ton
is declared to be T. A. Sims +. W. Onenhauser
A. wettermark. H. v. Sheriff.. Jas. ]. O'Quinn
Chas. II. Teal lac Bloch. W. u. Lurry. r. 4. Me-
knight. who shall serve until their successor
are elected.
The officers of this corporation Is declared to
Treasurer and the first officers of the said cor
poration shall be: c. H. Teal. President: T. A.
Sims. Vice President and General Manager:
James J. O'QuInn. Secretary; and J. W. Duncan.
Treasurer.
majority OF the directors shall constitute o
quorum for the transaction OF any and all bust
ness: vacancies In the board caused by anything
other than the expiration OF the term shall be
flied by the remaining directors.
ARTICLE v.
This charter may be altered, amended or
changed. or this corporation dissolved by a
three-fourths vote of its stockholders at meet
Ing called Tor that purpose
should this corporation be dissolved by vote
OF stockholders its affairs shall be iquidated in
any manner directed by the board OF directors
ARTICLE vi.
Shares Of stock can only be transferred on the
books OF the company. and to none other than a
stakeholder unless notice OF such transfer bs
given to the stockholders In writing. fifteen days
prior thereto Posting Of notice Of such inten.
tionin the Office of the company fifteen days prior
thereto shall constitute such notice. The holder
OF stock shown by the books of this company
shall have the right to receive dividends on sucl,
stock. and so vote 1t at all stockholders meet
ings.
ARTICLE VII.
No stakeholder of this corporation shall b,
held liable for the debts Of this corporation be-
yond the amount OF stock subscribed for by him.
and no Irregularity or informalty In the oreani-
cation OF this corporation shall render this cha
ter null and void.
The subscribers hereto have respectively writ.
ten ouuosife their names the amount of tho "a m.