The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-09-04
CHAR TER
GRANT OIL & GAS CO., INC.
STATE OF LOUISIANA !

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ty, personally came and appeared the
parties whose names are hereunto sub
scribed, who each declared to me, no.
tary public, duly commissioned and
qualified, of Grant parish, Louisiana,
in the presence of the undersigned wit
nesses, that awaiting themselves of the
constitution and the laws of the State
of Louisiana, and especially of Act
No. 267 of 1914, they do hereby organ
ize themselves, as well as such others
as may hereafter become associated
with them, into a corporation under
the following stipulations, conditions
and articles of Incorporation:
ARTICLE ONE.
| The name of this corporation shall be
Grant Oil & Gas Company. Inc.
ARTICLE TWO.
The domicile of this corporation shall
be Colfax, Grant parish, Louisiana.
ARTICLE THREE.
The period of duration of this cor
poration shall be ninety mine years, I'M
less sooner dissolved by its stockholders
or by operation of the law.
ARTICLE FOUR.
The capital stock of this corporation
shall be one hundred and twenty-five
thousand (Sl25, 600. 00) dollars, consist
ing of twelve thousand five hundred
shares of par value of ten dollars per
share, and all stock shall be common
stock and shall be paid for in cash or
its equivalent Inasmuch as part of
the capital stock subscribed for is to he
paid for in the transfer to this corpor-
alton of property, detailed list of
the same is annexed hereto and made
part hereof, together with state
ment of the reasonable valuation of
the same.
ARTICLE FIVE.
The object and purposes for which
this corporation is organized are the
exploring, mining. and boring for oil,
gas, salt, sulphur or other minerals of
any kind, nature or description: to ex-
plore produce and sell the same; to ac-
quire by purchase, lease, donation, or
otherwise, lands, mineral rights in
lands, and the same to exploit and de-
velop, to utilize and sell and to do and
perform all other things necessary and
proper in the engaging and performing
the business of oil, gas. and mineral
development for profit, in the State of
ARTICLE SIX.
The affairs of this corporation shall
be under the direction and control of |
board of directors, composed of nine |
members, who shall be stockholders in |
the corporation. The following board |
of directors have been selected to serve |
for the first year. or until their success
sors are elected and qualified:
Emil Regard, Mansura. La
Thos. A. Roy. Mansura, La.
j. w. Duncan. Colfax, La.
C.. H. Teal, Colfax. La.
w. A. Brownlee, Colfax, La.
T. H. McNeely, Colfax, La.
d. G. Richardson, Shreveport. La. |
S. P. Schenberger, Houston, Texas.
c. S. Schenberger, Shreveport, La.
A majority of the directors shall con-
stitute quorum for the transaction of
any and all business; vacancies in the
board caused by anything other than
the expiration of the term shall be fill
ed by the remaining directors.
ARTICLE SEVEN.
The officers of this corporation shall
be president, vice-president, Sec
rotary and treasurer The office of
by the same person.
The following officers have been Sc
lected to serve the first year or until
their successors have been elected and
qualified: w. A. Brownlee, President;
j. w. Duncan, Vice-President; T. H.
McNeely. Secretary and Treasurer.
ARTICLE EIGHT.
All the powers of this corporation
are hereby invested in its board of di-
rectors.
ARTICLE NINE.
This corporation shall have success
sion by its co porate name for its said
period of duration; shall sue and be
sued by its corporate name in any court
Of competent jurisdiction; shall make
and use a common seal and alter the
same at pleasure; shall have power to
acquire property by grant, gift, pur-
chase, devise, or bequest, and to lease,
hold, dispose of. mortgage and pledge
the same, and exercise all other pro-
prietary rights in and to the same, sub
lect only to such limitations as NAV be
prescribed by law. This corporation
shall have power to appoint such Off
,ers and agents as the business of the
corporation may require, and to fix
heir compensation, TO make bylaws,
20 wind up itself and dissolve itself ac-
,ording to law, to conduct its business
n the State of Louisiana and all other
States and Territories of the United
states. and to hold stock in other cor
'orations as permitted by law.
ARTICLE TEN.
The stockholders meeting for the
election of directors shall be held an
lually on the first Wednesday in Au-
rust of each year beginning in the year
9l6, in the form and manner pre-
'cribed by Sections 10 and IL of Act
No. 267 of 1914.
ARTICLE ELEVEN.
No stakeholder of this corporation
hall be held liable or responsible for
he contracts or faults of this corpora
ION IN any further sum than an amount
a RI fh.a k.l r |