The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-06-27
CHARTER
JENA OIL COMPANY, Ltd.

ana, personally came and appeared Chas. II.
Teal Jac Bloch. W. ID. Lurry, J. W. Duncan, II.
" Sheriff.. A. Trammell. Jas. J. O'Quinn. A.
wettermark. 4. A. Sims. William Hndgins. X. f..
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. 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 slip
ulations and agreements hereinafter set forth
and expressed:
ARTICLE /.
The name and title of this corporation shall
be JENA OIL. COMPANY. LIMITED.
It's doinicile SINH be and is hereby fixed In the
town of colfax Grant parish. Louisiana. and il
shall have aud 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 provided by law
for citing resident corporations In Louisiana.
ARTICLE ii.
The object for which this eorporationi IL formed.
any all Of which may be undertaken. are;
~ To buy and otherwise acquire lands, and
oil. gus. sulphur. coal and other mineral leases.
10 sell. lease. mortgage. bypothecste or other
wise deal 10 lands oil. gas sulphur. coal and
other mineral leases. or personal property and
property Of any kind. character and description
that may be net~ssary. convenient 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
and description. a.d tn carry on and conduct
any and all such operations. II shall also have
the right to buy and sell petroleum. OIL gas. sui
pbur or any other minerals or mineral products
whatsoever.
(2D To purchase. own or otherwise acquire.
and to hold and and at will to sell aud assign
and otherwise dispose Of any and all such eins.
grants. rights Of way aud other privileges grant
ed or to be granted by individuals municipal
ties, or otherwise.
ARTICLE III.
The capital stock OF this company shall be
Two Hundred Thousand ts2o0.o oool Dollars
consisting of Two Thousand shares of the par
valne of one Hundred $4,000 Dollars each.
and ms soon M Three Thousand ssovo oo) Dol
izedsto begin business
The board Of dir,ctnrs shall have full authority
to sell frcm 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 issi'
until the same shall have been fully paid for. 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
property by the board III directors Of this COR
porati.n shall be conclusive upon all parties
who may at any time be affected thereby.
ARTICLE ~
The corporate powers OF this corporation shall
be vested in board Of directors tn be composed
of nine stockholders of this company who shall
be- elected the first Tuesday Of May. A. ID.
1918. and annually thereafter; said directors to
be elected by the stockholders at their annual
meeting or a meeting called for that purpose.
and at all such meetings each share Of stock
owned by each stakeholder shall be entitled to
| one vote. either Ia person or by written proxy
| and majority OF the stock thus present. whetl-
! er 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 Incorporation
| il declared to be T. A. Sims. F. W. Ofenhauser.
A. wettermark, n. v. Sheriff.. Jas J. O'Quinn.
Chas. II. Teal. lac Bloch. ". ID. Lurry. X. +. Me-
| knight. who shall serve until their successors
are elected.
The officers of this corporation is declared to
l.. a
Treasurer and the first officers of the said cor
poration shall be: G. H. Teal. President. T. A.
Sims Vice President and General Manager;
James J. o'Qunn Secretary; and J. W. Duncan.
Treasurer.
majority Of the directors shall constitute a
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
filled by the remaining directors.
ARTICLE v.
This charter may be altered, amended or
changed. or this corporation Dissolved by a
threefourths vote of Its stockholders at meet
ing called for that purpose.
should this corporation be dissolved by vote
of stockholders it's affairs shall be lqu,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
stoekholder. unless notice Of such transfer he
given to the stockholders. In writing fifteen days
prior thereto. Posting Of notice Of such inteii-
tionin the Office Of the company fifteen ds vs. 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 so vote it Mt all stockholders meet
ings.
ARTICLE VII
No stakeholder of this corporation shall be
held liable for the debts of this corporation be-
yond the amount OF stock subscribed for by him.
and no irregularity or informality in the organi-
cation of this corporation shall render this chnr-
ter null and void.
The subscribers hereto have respectively writ
ten opposite their names the amount of the cap
ital stock in this corporation each OF them have
subscribed for. so that this act Of Incorporation