The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-06-13
CHAR
JENA OIL COMPANY, Ltd.
STATE OF LOUISIANA
Parish of Grant 4

dtt vi may, ALI 1914 DtiOft NE. tHdftS u.
Lacroix.-Dy. Clerk Dist. Court and Ex-Officio No
tary Public. duly commissioned and qualified in
and for the parish of Grant and state of Louisi-
ana. personally came and appeared Chas II.
Teal. Jac Bloch. W. d. Lurry. J. W. Duncan. II.
V. Sheriff.. A. Trammell. las. j. O'Quinn. A
Wettermark T. A. Sims. William Hudgins. X. +
Mcknight and =. ". Onenhauser, 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
and agree to form and constitute themselves. a,
well as sneh other persons as may hereafter be
come associated with them, into a corporation.
for the objects aud purposes and under the slip
ulations aud agreements hereinafter set fort
and expressed:
ARTICLE l.
The name and title Of this corporation shall
be JENA OIL COMPANY, LIMITED.
Its domice shall be and Is hereby fixed In III.
town of colfsx. Grant parish. Louisiana. and !
shall have aud enjoy succession under its corpor
ate name for a period of ninety years from dat.
hereof
Citation and other legal process against Thu
corporation shall be made IA provided by Law
for citing resident corporations In Louisiana.
ARTICLE ii.
The object for which this corporation IL formed
any or all Of which may be undertaken. are:
O) To buy and otherwise acquire lands. an.
oil. gns. sulphur. coal and other mineral leases
to SELL lease. mortgage. hypothecate or other
wise deal in lands. oil. gas. sulphur. coal and
other mineral leases. or persona! property anu
Property Of any kind. char acter and description
that may be necessary. convenient or useful IL
developing. producing. gathering. saving. han
ding. using. refining. transporting and dispos
Ing OF petroleum and atural gas. sulphur. Goa
and other mineral deposits Of every characte
and description. aud to carry on and contluer
any and all sueh operations. Ii shall also hav.
the right to buy and sell petroleum. oil. gas sui
pbur or any other minerals or mineral products
whatsoever.
GU To purchase. own or otherwise acqnirp
and to hold and use and at will to sell a nd assigr
and otherwise dispose OF any aud 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 t$200. eco 00) Dollars
consisting OF Two Thousand shares Of the pa
value of One Hundred ($l0000) Dollars each
and as soon as Three Thousand ($sOoO. o0) Dol
lars shall have been subscribed for il In author,
lied tn begin business
The board OF directors sha all have full authority
to sell. from time to time. stock Of the company.
as the said board thinks the business of tn.
company requires
No stock of this corporation shall be issmd
until the same shall have been fully paid for. II
may be paid for Ina money. lease rights. land on
other property. or In services rendered. and thu
value placed on any services. leases. or any 9th
poration 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 q 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 or a meeting called for that purpose
and at all such meetings each share OF stool
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
er represented in person or by writtenproxy
shall control
Notice OF all meetings Of stockholders and OF
all elections shall be advertised ten (lo) days
prior thereto In some newspaper published IL
the parish OF Grant, Louisiana.
The first board OF directors of this corporate
is declared to be It. A. Sims. r. W. Onenhauser
A. wetternark. II. v. Sheriff.. Jas. J. O'Qunn
Chas. II. Teal. Jar Bloch. W. d. Lurry. r. L. Me-
knight. who shall serve until their successor
are elected.
The officers Of this corporation Il declared to
be President. Vice President. Secretary, anL
Treasurer. and the first officers OF the said cor
poration shall be: C. II. Teal. President; T. A.
Sims. Vice President and General Manager
James J. 0'Quinn. Secretary; and J. W. Duncan.
Treasurer
majority of the directors shall constitute
quorum for the transaction OF any aud all bust
ness: vacancies In the board caused by any thing
other than the expiration OF the term shall b.
filed by the remaining directors.
ARTICLE v.
This charter may be altered. amended or
changed. or this corporation dissolved by g
vote OF its stockholders at meet
ng called for that purpose.
should this corporation be dissolved by vote
IF STOCKHOLDERS its affairs shall be lqudated In
my manner directed by the board OF directors
ARTICLE vi.
Shares of stock can only be transferred on tn. |
BOOKS of the company. and to none other than q |
tockholder. unless notice OF such transfer III |
given to the stockholders. in writing fifteen days
'rior thereto. Posting Of notice of such nten- |
ionin the Office OF the company fifteen days prior
hereto shall constitute such notice. The holder |
Il stock as shown by the books Of this company |
hall have the right to receive dividends ON such |
took. and SO vote it at all stockholders meet |
ngs.
ARTICLE VII
No stakeholder OF this corporation shall b. |
eld liable for the debts of this corporation be-
ond the amount OF stock subscribed for BY him.
md no irregularity or informality In the organi-
alton OF this corporation shall render this char
err null and void.
The subscribers hereto have respectively writ