The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-11-26
CHARTER OF
WELSH PETROLEUM COMPANY.

Jefferson Davis Parish,
KNOW ALL MEN BY THESE PRESENTS:
That the several persons whose names are
hereto subscribed have and BY these presents
do form and incorporate themselves into a
body corporate under the laws of the State Of
Louisiana, and particularly under Article III,
of the General Assembly of 1882 regarding
the formation of mining corporations, for the
objects and purposes and under tne con-
ditiOnS as follows, to-Wlt:
ARTICLFI.
The name and style of this corporation
shall be the WELSH PETROLEUM COM
PANY, and under said name and style il shall
enjoy the. rights granted 20 corporations
under the laws OF the State OF Louisiana, and
| shall have and enjoy corporate existence for a
period Of ninety-nlne years from the date
hereof, and as hereinafter provided, unless
| sooner dissolved under the provisions of the
| laws of the State of Louisiana, together with
the power to have and to Use corporate seal,
aud TO make, alter or break it at pleasure.
ARTICLE II.
| The domicile of this corporation is hereby
| fixed in the city of Welsh, Jefferson Davis
| shall be served in the manner provided by
| law, upon The president, or in his absence on
the vice.president, or in the absence OF the
vice .presipept, at the office of said corpOr-
alton rs provided by the statutes Of the State
! of Louisiana.
AhllCDE III.
| The objects and purposes of this corpor-
| alton, and the nature of the business to be
| transacted and carried on by it are hereby
declared to be: 70 purchase, take or lease, or
| otherwise acquire mines, mineral rights or
| privileges or lands IN the State Ut Louisiana,
| or elsewhere, for the development of natural
! gas, oil, petroleum, GSphaltum salt sulphur
| ore, metal and mineral substances or any
| interest therein; and to explore. open, work,
| or in any manner turn the same to advantage;
to bore, drill. open, quarry. smelt, refine,
| dress, amalgamate, trauSp0fte. and prepare
petroleum. OILS sulphur asphaItum, ore aud
mineral substances OF any and all kinds; to
| buy, ship, sell and deal III oils, minerals,
| plants and machinery, implements, cUuven-
| fences, provisions and things capable of being
| used IN mining operations, or required by
workmen or others employed by this corpor-
alton, to construct, carry out, maintain, i'm.
| prove, manage, control and superintend and
| roadway tram-way, pipeline. tanks, reser-
yOlrS, warehouses, water-Works, crushing
| wOrtS, hydraulic works, or any other works
! and COnyenlences that may be directly or in
| directly conductive OF any Of the objects and
purposes Of this corporation; to purchase,
! acquire, lease, control, operate, sell and dis
| pose to any such person or persons, cOrpor-
! alton or corporations, and at such prices and
on sucn terms and conditions as to this cor
| poratlOn may seem proper. water rights, I'M
| provements and buildings for mining and for
| the use and purpose incident theretO: to pur-
| chase, lease or otherwise acquire all or any
| part of the business or liabilities of any per-
! son, firm, corporation or association engaged
| therein or holding any part in similar OBJ.
! jects or purposes: to do all or anything suit
| able, necessary and convenient aud proper
| for the accomplishment of any of the pur-
| poses or attainment of any one or more OF the
| objects and purposes herein enumerated or
| incidental 20 TIE powers therein named, Or
| which may or shall at any time appear con-
| ductive or expedient for the benefit of this
corporation.
ARTICLE ".
! The capital stock of this corporation is
hereby fixed at FIVE THOUSAND tS5,0O0.00)
! DOLLARS, to be divided into fifty (50l shares
Of the par value of One Hundred $4,000
| for cash or for property. labor or services
! purchased by or advanced 10 said company,
and the Judgment of the Board OF directors as
to the Yalue of the, property, labor or
| vidka That no stock shall be issued at less
| than pass This corporation is authorized to
! commence business whenever twenty-five (25l
shares OF its capital stock shall have been
| subscribed and paid for in full. Each share
| of stock shall be entitled to one vote at all
meetings, to be cast in person or by proxy.
ARTICLE V.
The corporate powers of this corporation are
hereby declared, except as may be hereafter
d
board OF directors composed of six of its stock
holders, which said board shall be elected an
nually by the said stockholders ON the first
| Monday of October of each year after the year
1919. The first board of directors who shall
serve until the first Monday in October, A. D.
| 1916, or until their successors shall have been
| elected, are hereby declared TO be W. D. Cor
! don, G.. W. Abott, Il. ". Caller, s. W. Turner.
J. H Bowen and G. E. Carr. In case of the
| death or resignation Of any of the directors,
| his successor Shall be chosen by the reman-
| ing directors. Three directors shall consti-
| tUte quorum for the transaction Of business.
ARTICLE VI.
| The officers Of this corporation shall consist
| OF a president and general manager, vice pre-
| sident, secretary and treasurer. The respec-
| tive officers shall have the powers usually
| given to the said officers, aud shall serve until
| their successors shall have been elected and
qualified. The president and general manag-
| eT aud tie secretary, with the approval of the
! board OF directors, shall have the right power
! and the authority to enter into and execute all
! contracts OF any nature which they may see fit
! TO make, and to make purchases, sales, leases,
| sub-leases as i'll their Judgment may be pro-
per.
The officers Of this corporation shall be elect
ed by the board of directors at the meetings
held on the first Monday i'll October of each
year after the year 1918; and the officers
hereby selected to serve until the said first
Monday in October, 1916, are the following,
toWit;
/ II pnWEN Dr,s;Jon4