The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-11-12
CHARTER OF
WELSH PETROLEUM COMPANY.

State of LOUISIANA,
Jefferson Davis Parish, ~ ,u
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
body corporate under the laws of the state of
Louisiana, and particularly under Article LII.
of the General Assembly OF 1882 regarding
the formation OF mining corporations, Tor the
objects and purposes ana under the con-
ditionS as follows, to-wlt:
ARTICLFI l.
The name and style Of this corporation
shall be the WELSH PETROLEUM COM
PANY, and under said name and style 1t shall
enjoy the rights granted 10 corporations
under fhe laws Of the State OF Louisiana, and
shall have and enjoy corporate existence Tor
period of nnety-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 a corporate seal,
and to make, alter or break it at pleasure.
ARTICLE II.
The domcile of this corporation is hereby
fixed in the city of Welsh, Jefferson Davis
Parish. Louisiana, where all legal process
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
yice-presipent, at the office OF said cOrpor-
alton as provided by the statutes of the State
of Louisiana.
ARTICLE III.
The objects and purposes OF this COrp0r
8tiOu and the nature OF the business TO be
transacted and carried on by 1t are, hereby
declared to be: 10 purchase, take or lease. or
otherwise acquire mines, mineral rights or
privileges, or lands in the State Of Louisiana
or elsewhere, for the development OF natural
gas, oil, petroleum, asphaltum, 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, transpOrte, and prepare
petroleum, oils. sulphur, aSph<um, ore and
mineral substances of any and all kinds; to
| buy, ship, sell and deal III oils, minerals,
plants and machinery, implements, COnVen-
| fences, provisions and things capable OF beng
! used in mining operations, or required ny
| WOrkmen or others employed by this cOrpor-
! alton, to construct, carry out, MAINTAIN, I'M
| prove, manage, control and superlntend ana
roadway tram-way, pipeline, tanks reser-
voirS, warehouses, water-works, crushing
works, hydraulic works, or any other works
and conveniences that may be directly or III.
| 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
poratiOn 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 to the 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 tS5,000.00)
| DOLLARS, to be divided into fifty (50l shares
of the par value of One Hundred &100.00l
Dollars per share. This stock may be issued
for cash or for property labor or services
purchased by or advanced TO said company,
and the Judgment OF the Board OF directors as
the value ,oO OF thu the pr property labor
vided that no stock shall be issued at less
than par. This corporation is authorized to
| commence business whenever twenty-five t25)
| 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.
ARTICLEV.
The corporate powers of this corporation are
hereby declared except as may be hereafter
stipulated, to be vested in and exercised by a
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
1915. The first board of directors who shall
serve until the first Monday in October, A. D
| 1916, or until their successors ehall have been
elected, are hereby declared to be ". D. Cor.
don, c. W. ABBOTT, R. W. Caller, S. w. Turner
| J. II. Bowen and @. E. Carr. In case OF the
death or resignation of any of the directors
his successor shall be chosen by the remain.
ing directors. Three directors shall consti.
tute quorum for the transaction OF business
ARTICLEVI.
| The officers of this corporation shall consist
of president and general manager, vice-pre
sident, secretary and treasurer. The respec
tive officers shall have the powers usually
given to the said officers, and shall serve unit
their successors shall have been elected anC
qualified. The presidenEand general manag
er and tie secretary, with the approval of the
board of directors, shall have the right powe
and the authority to enter into and execute al
contracts of any nature which they may see Fl
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 meeting
held on the first Monday in October of eacl
year. after the year 1915; and the officer
hereby selected to serve until the said frs
| Monday in October, 1916, are the following
towit;
J.H. BOWEN, President.
8. ". TURNER, Vice President
r. ". CALLER, Secretary 4 Treasurer
ARTICLE VII.
This charter may be amended or the COZ
> poratlon dissolved by the consent of the hold