The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-05-23
CHARTER
JENA OIL COMPANY, Ltd.

BE II known aud remembered. that on this the
ffh day OF May. A. ID. 1914 before me- Charles u :.
LaCroix. by. Clerk Dist. Court and Eek -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. ID. Lurry, j. ". Duncan, II.
V. Sheriff.. A. Trammel. Jas. j. O'Quinn. A.
Wettermark. 7. A. Sims. william Hudgins, X. Il.
Mcknight and +. ". Onenhanser, 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 rela-
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 IA corporation
for the objects and purposes and under the stip-
ulations and agreements hereinafter set forth
and expressed:
ARTlCIEI
The pame and title Of this corporation shall
be JENA OIL COMPANY, LIMITED.
Its domiciie shnll be and is hereby fixed in the
town of Cofax. Grant parish. Louisiana. and it
tshall have and enjoy succession under Its corpor-
ate name for period OF ninety years from date
hereof.
Citation and other legal process against this
corporation shall be made as provided by Law
for citing resident corporations In Louisiana.
ARTICLE ii.
The object for which thscorporation is formed
any or all of which may be undertaken. are:
~ To buy and otherwise acquire lands and
oil. gns, sulphur. coal and other mineral leases
to sell. lease. mortgage. hypothecate or other
wise deal in lands OIL gas, sulphur, coal ami
other mineral leases. personal property and
property Of any kind character 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 natural gas. sulphur. coal
aud other mineral deposits OF every character
and description. AID to carry and conduc,
any and all such operations. 1t shall also have
the right to buy and sell petroleum. OIL gas. sui
phur any other minerals or mineral products
whatsoever.
t2l To purchase. own or otherwise acquire
and to hold and and Mt will to sell and assign
aud otherwise dispose of any and all such eins.
grants rights OF way and other privileges grant
ed or to be granted by individuals. municippii-
ties. or otherwise.
ARTICLE III.
The capital stock of this company shall be
consisting OF Two Thousand shares OF the par
valne of One Hundred tslco.Oo) Dollars EACH
and Three Tn usand tsseoooo) Dol
lars shall have been subscribed for it IL author
ized to begin business
The board Of directors shall have full uthority
to sell. from time to time. stock Of the company
as the said board thinks the business OF the
company requires.
Nh. ,f.l
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 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 p wers Of this corporation shall
be vested in a board OF directors to be composed
OF nine stockholders of this company, who shall
be elected on the nrst Tuesday of May. A. d.
1915. and annually thereafter: said directors to
be elected by the stockholders at their annual
meeting or meeting called for that purpose.
and at all such meetings each share OF stock
owned by each stakeholder shall be entitled tn
one vote either In person or by written proxy.
and majority of the stock thus present. whcth-
\ cf ftpsVrrht'u III pei SUI UT ny "Utttu pfoAy,
shall control.
Notice OF all meetings Of stockholders and of
all elections shall be advertised ten uo) 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. +. W. Orrnhauser
A. wettermark. H. V. Sheriff. Jas. ]. O'QnlDn.
Chas. II. Teal. Jae Bloch W. d. Lurry. r. 4. Me-
l pl< ,lof-.
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 he: C. H Teal President; T. A.
Sims. Vice President and General Manager:
James ]. o'Quinn. SECRETARY: and Nv. duncan.
| Treasurer.
majority Of the directors shall constitute a
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
filled by the remaining directors.
ARTICLE v.
This charter may be altered. amended or
changed this corporation dissolved by a
thrse-fourths vote OF It's stockholders at a meet
ing called for that purpose.
should this corporation bedissolved by a vote
Of stockholders it's affairs shall be liqudated In
any manner directed by the board OF directors
ARTICLE vi.
| Shares of stock only be transferred on the
books OF the company. and to none other than a
stockholder. unless notice of such transfer he
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 as shown by the books OF this company
shall have the right to receive dividends on such
stock, and vote it at all stockholders meet
| ings.
ARTICLE VII