The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-05-30
CHARTER
JENA OIL COMPANY, Ltd.

afth day Of May, A. ID. 1914 before me- Charles u
LaCroix. by. Clerk Dist. Court and Ex-Officio No
tary Public. duly commissioned and qualified IL
and for the parish of Grant and state OF Louisi
ana, personally came and appeared Chns. II
Teal. JAG Bloch. W. ID. Lurry, J. W. Duncan. II
V. Sheriff.. A. Trammell. Jas. ]. o'Qninn. A
Wettermark. T. A. Sims. william Hudgins r. f.
Mcknight and +. W. Offenhauser, who declared
to me Notary. and In the presence Of the two
subscribing witnesses hereto. ayailing them.
selves OF the laws OF the State OF Louisiana rela
tive to interpretations. they have covenanted
and agreed. and by these presents do covenant
aud agree to form and constitute themselves. a.
well as such other persons may hereafter be-
come associated with them, into corporation
for the objects aud purposes and under the slip
ulatioDs and agreements hereinafter set forth
and expressed:
ARTICLE l.
The name and title of this corporation shall
be JENA OIL COMPANY. LIMITED.
Its domcile shall be and Ia hereby fixed In the
town Of CoIfax. Grant parish. Louisiana. and IL
shall have and enjoy succession under its corpor-
ate name for period OF ninety years from date
! hereof.
Citation and other legal process against this
|
for citing resident corporations In Louisiana.
ARTICLE H..
] The object for which Incorporation is formed
any or all Of which may be undertaken. are:
| ID To buy and otherwise acqnire lands and
OIL gns. sulphur. coal and other mineral leases
to sell. iease. mortgage. hypothecate other
wise deal in lands. oil. gas. sulphur. coal ami
other mineral leases or personal property and
property of any kind. character and description
that may be necessary. convenient or useful In
developing, producing. gathering. saving han
! ding. using, refining transporting and dispos-
ing Of petroleum and natural gas sulphur coal
and other mineral deposits OF every character
aud description. ard to carry on aud conduct
any and all such operations. 1t shall also have
the right to buy and sell petroleum. OIL gas, sui
| phur or any other minerals or mineral products
| Whatsoever
i2) To purchase, own or otherwise aeqnire.
and to hold and and at will to sell and assign
| and otherwise dispose OF any and all such leins
grants. rights of way and other privileges grant
ed or to be granted by individuals. municipaIi-
ties. or otherwise
ARTICLE ILL.,
The capital stock OF this company shall be
Two Hundred Thousand t$2O0, 900. 00J Dollars
| consisting OF Two thousand shares OF the par
value OF One Hundred t$I0O.00) Dollars each.
| and as soon Three Tn. usand $4,000. o0l Dol
lars shall have been subscribed for it IL 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 the
company requires.
No stock Of this corporation shall be issufd
until the same shall have been fully paid for II
may be paid for in money lease rights. land or
other property. or in services rendered and the
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 parties
who may at any time be affected thereby
ARTICLE Nv.
The corporate powers Of this corporation shall
be vested In board Of directors to be composed
OF nine stockholders OF this company. who shalt
be elected on the first Tuesday Of May. A. D.
1878. and annually thereafter said directors to
be elected by the stockholders at their annual
meeting or meeting called for that purpose.
and Mt all such meetings each share Of stock
owned by each stakeholder shall be entitled to
one vote. either In person or by written proxy.
and a majority Of the stock thus present. wheth-
err represented In person or by written proxy, |
shall control
Notice OF all meetings of stockholders and Of |
all elections shall be advertised ten tl0) days
prior thereto In some newspaper published In |
the parish OF Grant Louisiana.
The first board OF directors OF this corporation |
is declared to be T. A. Sims. p. W. Onenhauser
A. wettermark. II. v. Sheriff.. Jas j. O'Qunn, |
Chas. II. Teal. lac Bloch. W. d. Lurry. r. 4. Nc
Knight. who shall serve until their successors
are elected.
The officers Of this corporation Ia declared to |
be a President. Vice President Secretary. and
Treasurer. and the first officers Of the said ror- |
poration shall be- c. H. Teal President: T. A.
Sims. Vice President aud General Manager;
James j. o'Quinn. Secretary: and j. ", Duncan.
Treasurer.
majority Of the directors shall constitute
quorum for the transaction of any aud all bust
ness vacancies In the board caused by anything
other than the expiration OF the term shall be
filed by the remaining directors
ARTICLE v.
This charter may be altered, amended or
changed. or this corporation dissolved by a
three-fourths vote Of It's stockholders at a meet
Ing called for that purpose.
should this corporation be dissolved by a vote
Of stockholders It's affairs shall be liqu,dated 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
'tockholder. unless notice OF such transfer be
given to the stockholders in writing fifteen days
prior thereto. Posting of notice Of such Inten-
ionin the Office of the company fifteen days prior
hereto shall constitute such notice The holder
II stock as shown by the books OF this company
bah have the right to receive dividends on such
took. and so vote it mt all stockholders meet
nes.
ARTICLE VII
No stakeholder Of this corporation shall be
eld liable for the debts of this corporation be-
oud the amount Of stock subscribed for BY him. |
md no irregularity or informality In the oreanI-
alton OF this corporation shall render this char