The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-08-11
CHARTER
THE ALLEN OIL COMPANY.
TpoOppOrotod \


Parish of jefferson Davis.
Know All Men by These Present
That the several persons whose
names are hereto subscribed fol
themselves, and for such other per
son or persons as may associate, Of
become associated, with them, have
and by these presents do form anC
incorporate themselves into body
corporate under the laws Of the state
of Louisiana, and by these presents
they do covenant and agree and binC
themselves to the following terms
and stipulations, which they adopt a;
their charter, to-wit:
Article |.
The name and style of this cor,
poration shall be: "The Allen Oil
Company, Incorporated" and under
this name and style it shall have and
enjoy all the rights granted to cor
pOrations under the laws Of the state
Of Louisiana, ard Is Icwiciie shall
be, ana = hereby, f,Eei IN the city
Of Welsh, in the Parish Of Jefferson
Davis and state of Louisiana.
Article ii.
The objects and purposes of this
corporation, and the nature of the
business to be transacted and carried
on by it are declared to be as fol-
lows:
To purchase, take or lease, or 9TH
erwise acquire mines, oil or mineral
rights or privileges, or lands in the
state of Louisiana or elsewhere for
the development Of natural gas, oil,
petroleum, coal, aSphaltum, salt, sui
phur, ore, metal and mineral sub
stances or any interest therein; and
to explore, open, work or in any man.
ner turn the same to advantage;
transport and prepare petroleum,
oils, asphaltum, and mineral sub
stances of any and all kinds; to buy,
ship, sell and deal in oils, minerals,
plants and machinery, implements,
conveniences and provisions, and
things capable of being used in min
ing operations, or required by work
men or others employed by this cor
poration; to construct, carry out, main
tain, improve, manage, control and
superintend any roadway, tramway,
pipe line, tanks, reservoirs, ware
houses, water works, crushing works,
or any other works and conveniences
that may be directly or indirectly
conductive to any of the objects and
purposes of this corporation; to pur-
chase, acquire, lease, control, operate,
sell and dispose to any such person
or persons, corporation or corporations
and at such price and on such terms
and conditions as to this corporation
may seem proper, water rights, i'm
provements and buildings for mining
and for the uses and purposes incl
dent thereto; to purchase, 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 sibilar objects or purposes; to do
all or anything suitable, necessary |
and convenient and proper for the ac-
complishment of any of the purposes
or the attainment Of any one or more |
of the objects and purposes herein
enumerated or incidental to the pow
ers therein named, or which may or
shall at any time appear conductive
or expedient for the benefit of this
corporation.
Article III.
All citations, summons and other
legal processes shall be served on
the President of said corporation,
and, in case of his absence, on the
Vice President, and, in the absence
of both, on the Secretary.
Article ~.
The capital stock of this corpora
ton is hereby fixed at the sum of
Thirty Thousand ($3O,OOO.OO) Dollars,
divided into Three Thousand (3,0OO)
Shares, of the par value of Ten
$4,000 Dollars per share, which
capital stock may be increased to the
Of 100000 in accordance
with the laws of Louisiana. Stock in
this corporation may be paid for in
labor or other services, and in mate
rial furnished, and in the sale and
lease of land or mineral rights, or
good will, as well as In cash, and the
judgment of the Board of Directors
IS to the value of the property, labor,
good will or services so taken, shall ,
be conclusive. This corporation is
to commence business
when one-half of the capital stock
mas been subscribed and paid for in
full.
Article V.
The corporate powers of this cor {
Doration are hereby declared, except
rs may hereafter be stipulated, to be ;
Vested in and exercised by board of
directors composed of not more than
nine (9) of its stockholders, which
'aid board shall be elected annually {
~ said stockholders on the first /
Monday in January of each year; each t
shall be entitled to one
,ote for each share of stock held and Q
'wned by him. and may cast his vote a
n person or by written proxy; and |
laid meeting If stockholders shall be 4
preceded b. due notice according to
aw to each stakeholder at least fiji
cen days before such meeting; pro-
'ided, however, that a failure to hold
aid meeting of the stockholders and {