The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-05-16
CHARTER
JENA OIL COMPANY, Ltd.

STATE OF LOUISIANA
Parish Of Grant
BE II known and remembered that on this the
nth day of May. A. d. 1914. before me. Charles D.
LaCroix by. Clerk Dist. Court and Ex-Ofiiclo No
tary Public. duly commissioned and qualified in
and for the parish OF Grant and state OF Lonisi-
ana. personally came and appeared Chns. H.
Teal. Jac Bloch. W. n. Lurry. J. W. Duncan, II.
1 V. Sheriff.. A. Trammeil, las. J. O'Quinu.
Wettermark. T. A. Sims. william Hudgins X. +.
Mcknight and +. ". Ofenhauser, who declared
to me Notary. and in the presence OF the two
subscribing witnesses hereto. availing 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 as
well such other persons as may hereafter be-
come associated with them, into a corporation
for the objects and purposes and under the stip-
ulations and agreements hereinafter set forth
and expressed:
ARTICLEI
The name and title OF this corporation shall
be JENA OIL COMPANY. LIMITED.
Its domice shall be and is hereby fixed in the
town of colfax Grant parish, Louisiana. and it
shall have aud enjoy succession under its corpor-
ate name for a period Of ninety years from date
hereof.
Citation and other legal process against this
corporation shall be made az provided By law
for citing resident corporations in Louisiana.
ARTICLE ii.
The object for which this corporation ia formed
any or all Of which may be undertaken. are:
n) To buy and otherwise acquire lands and
oil. gns. sulphur. coal aud other mineral leases
to sell. lease. mortgage. hypothecste or other
wise deal in lands. oil. gas. sulphur. coal and
other mineral leases. personal property md
property of any kind. character and description
that may be necessary. convenient useful In
developing. producing. gathering. saving. han
ding. using, refining. transporting aud dispns-
ing Of petroleum and natural gas. sulphur. coal
and other mineral deposits OF every character
and description. AID to carry ON and conduct
any aud all such operations. 1t shall aiso have
the right to buy and seIl petroleum. OIL gas. sui
phur any other minerals or mineral products
whatso
t2l To purchase. own or otherwise acqu re-
and to hold and aud at viii to sell and assign
and otherwise dispose Of any and all such leins
grants. rights of way and other privileges grant
ed or tn be granted By individuals. municipal
ties. or otherwise.
ARTICLE III.
The capital stock OF tn company shall be
Two Hundred Thousand t$2OC. ocoool Dollars
consisting OF Two Thousand shares of the per
vane of One Hundred $4,000 Dollars encl.
and soon as Three Thousand t$seoo v0) Dol
lars shah have been subscribed for II is author
ized to begin business.
The board of directors shall ha We full authority
to sell. frcm time 10 time. stock OF the company.
n aa ho aai1 boa I'd 4 ha hrs f,,,
company requires.
No stock OF this corporation shall be issued
until the same shall have been fully paid Tor. 1t
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
of nine stockholders of this company. who shall
be elected the first Tuesday of May. A. d.
1918. and annually thereafter: said directors to
be elected by the stockholders at their annual
m. citing or a meeting called for that purpose.
and at all such meetings each share of stock
owned by each stakeholder shall be entitled to
and 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 40, 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 F. W. Onenhauser
A. wettermark. II. v. Sheriff. Jas. J. o'Quinn.
chas. II Teal lac Bloch. W. q. Lurry. r. 4. Me-
Knight who shall serve until their successors
are elected.
The officers OF this corporation is declared to
be President, Vice President Secretary, and
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
A majority Of the directors shall constitate a
quorum for the transaction of any and an bust
ness vacancies In the board caused by any thing
other than the expiration OF the term shall be
filed by the remaining directors.
ARTICLE "
This charter may be altered amended or
changed. this corporation dissolved by
three-fourths vote OF its stockholders at meet
ing called for that purpose
should this corporation bedssolved by a vote
OF stockholders it's affairs shall be liquldated 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
stakeholder, unless notice of such transfer be
given to the stockholders. In writing fifteen days
| prior thereto. Posting of notice of such inten-
tiopin the Office Of the company fifteen day prior
thereto shall constitute snch notice. The holder
of stock as shown by the books of this company
shall have the right to receive dividends on such
stock. aud so vote it ut all stockholders meet
ings.
ARTICLE VII.