The Rice belt journal., 1916-07-28
CHARTER
of
THE ALLEN OIL COMPANY.
Incornoratpd \

HaflSn OI JSlIeISoH bdNio'
Know All Men by These Present:
That the several persons whose
names are hereto subscribed for
themselves, and for such other per-
son or persons as may associate, or
become associated, with them, have,
and by these presents do form and
incorporate themselves into a body
corporate under the laws of the state
of Louisiana, and by these presents,
thev do covenant and agree and blnd
themselves to the following terms
and stipulations, which they adopt as
their charter, to-wit:
Article /.
The name and style Of this cor
poration shall be: "The Allen Oll
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, and its domicile shall
be. and is hereby, fixed 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 Tor
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 corpratlons
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
tion is hereby fixed at the sum of
Thirty Thousand ($3O,OOO.OO) Dollars,
divided into Three Thousand $4,000
Shares, of the par value of Ten
$4,000 Dollars per share, which
capital stock may be increased to the
amount of S50,O00.00 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 we'll as in cash, and the
judgment of the Board of Directors
as to the value of the property, labor,
good will or services so taken, shall
be conclusive. This corporation is
authorized to commence business
when one-half of the capital stock
has been subscribed and paid for in
full.
Article V.
The corporate powers of this cor
poration are hereby declared, except
as may hereafter be stipulated, to be
vested in and exercised by board of
directors composed of not more than
nine (9) of it's stockholders, which
said board shall be elected annually
oy said stockholders on the first
Monday in January of each year; each
stockholder shall be entitled to one
vote for each share of stock held and
owned by him End may cast his vote
in person or by written proxy; and
said meeting If stockholders shall be
preceded b, due notice according to
law to each stockholder at least fiji
taen davS hpforn s1ch meeting. nro-