Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-04-09
CHARTER OF THE
POINT PLEASANT OIL COMPANY,
INCORPORATED.

March, 1915, before me, the undersigned
Notary Public, personally came and ap
peared the persons whose names arr
hereunto subscribed, who declared that
awaiting themselves Of the laws oil TIM
State relative to corporations, they DO
by these presents, for themselves and
their associates, successors and assigns
form themselves into corporation anc
body polite in law, for the objects anC
purposes, and under the articles and stip'
ulations hereinafter set forth.
ARTICLE |.
The name OF this corporation shall be
THE POINT PLEASANT OIL COM
PANY, INC, and shall have a corporate
duration of ninety-nine years, unless
sooner dissolved. 1t shall have all the
powers inherent in corporations, and par
ticularly those provided by Section z oil
Act No. 267 of the General Assembly OF
this State, approved July 9th, 1914, as
well as those conferred by other laws OF
this State.
ARTICLE III.
The domicile of this corporation shall
be the City of New Orleans, this State,
and all citations and other legal process
shall be served on the President of this
corporation.
ARTICLE iii.
The objects and purposes of this cor
poration, and the nature of the business
to be carried on by it, are hereby de-
clared to be: To acquire by purchase or
otherwise, leases Of lands, or the fee
simple title of lands, and other real estate
or personal property, and to develop the
same; to prospect, drill, mine, bore and
sink wells and shafts for oil, petroleum,
or gas, and all minerals; to produce,
transport, store, refine, manufacture,
pipe, furnish, supply, buy and sell, pc
troleum, gas, oil, and other mineral
products, and by-products; to operate,
build, construct, pump, and maintain
oil and gas wells; to lease, build, purchase
warehouses, pumping plants, pipe lines,
refneries, factories, mills, workshops,
laboratories, and dwelling houses, and to
maintain the same; to manufacture, buy,
and sell, all appliances and conveniences
for use in connection with mining and
drilling or oil, gas, petroleum, and other
minerals, and generally to do all things
that incidentally pertain and are neces-
sary to carry ont the said objects and
purposes of this corporation.
ARTICLE Nv.
The capital stock Of this corporation is
hereby fixed at the sum of Thirty Thous-
and Dollars (S3O,OOO). represented by
Six Hundred shares OF the par value OF
Fifty Dollars $4,000 each. More than
fifty per cent of said capital stock having
been subscribed and paid for contempt
raneously with the execution OF this char
ter, this corporation is hereby authorized
to begin business at once.
ARTICLE V.
The business of this corporation shall
be conducted by a Board of Directors,
of seven. stockholders, who
shall be elected by a majority of the
on the first Monday in April.
1916, and annually thereafter. Elections
IF officers and meetings of stockholders
are to be held after fifteen Q5) days no.
lice in writing shall have been mailed to |
Zach stakeholder. Each share of stock |
shall be entitled to one vote by the owner
hereof, or his agent. The Board of Di-
'ectors, az above provided, shall select
rom their number, President, a Vice
President, and Secretary-Treasurer at
is first meeting after its election. Any
occurring among the Board of
Directors or officers shall be filed by the
Board of Directors.
Until the first Monday In April, 1915,
he following shall be the officers and
Board of Directors of this corporation,
o-wit:
Dudley A. Walsh, President, postoffice
address, No. 1884 Pamela street, this city;
Dr.. Lucian Bland, Vice President, post
'ffice address, 80 Cusachs Building, this
'ity; Charles f. Fenner, Secretary
Treasurer, postoffice address 2O4 Weiss
this city; A. j. Grief, post
'ffice address, 70 Wall street, New York
>ity; Edgar L. Roane, postoffice address
~ Canal street, this city; William G.
'orla, postoffice address IA Union street,
his city; and DR.. William Milton Miller,
'ostoffice address, 80 Cusachs Building,
his city, directors, and they shall: hold
'ffice until their successors are duly cleo
ed and qualified. The Vice President
hall also be the general manager of this
orporation. The amount of the capital
took may be increased to One Hundred
thousand Dollars $1,000 by vote of
wo-thirds of the stock entitled to vote
nd represented at meeting of the stock
folders called for that purpose.
ARTICLE vi.
NO stakeholder shall ever be held La
ne for any greater amount than the un-
aid balance of his stock subscription.
or shall any informality in organization
Increase his liability.
ARTICLE VII.
The following oil leases: owned:::by DR..
'uclan Bland, one of the present incor-
orators, are hereby transferred by him
this corporation, ip payment and in