The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-12-14
CHARTER OF Incorporation
OF
LOUISIANA CENTRAL OIL co.
(Incorporated)
State of Louisiana,
Parish Of Jefferson Davis

Know all men by these presents:
that, the several persons whose names
are hereunder subscribed, aYalllng
themselves of the provisions OF Act. No.
267 OF the General Assembly of Il e
State of Louisiana Tor the year 1914
and the general laws OF Louisiana not
inconsistent Herewith, do hereby COW
enant, agree ana bind themselves and
such ether persons IS may hereafter
become associated with them, and their
successors, to the following terms and
StipulatlOnS, which they adept aS Their
charter. tOWit:
ARTICLEI.
The name and style OF this corpora
ton shall be LOUISIANA CENTRAL
OIL COMPANY, Incorporated, and
under this ndme and style it shall have
and enjoy all the rights granted to cor.
pOrationS under the laws Of the state
of Louisiana, and its domiClle shall be,
and is hereby, fixed in the town OF
Welsh, in the parish of Jefferson Davis
and State Of Louisiana.
ARTICLE II.
The objects and purposes Of this cor.
poration, and the nature of the business
to be transacted and carried on by it
are declared to lie Is follows:
Topurchase, take or lease or other.
wise acquire, mines, oil or mineral
rights or privileges, or lands in the
state of Louisiana or elsewhere for the
development OF natural gas, oil, petro-
leum, coal, aSphaltum, salt, sulphur,
ore, metal and mineral substances or
any interest therein; to explol g,
open, work, or in any manner
turn the same to advantage; trans.
port and prepare petroleum, oils
aSphaltum. and mineral substances
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
beng used in mining operations, or re.
quired by workmen or others employed
by this corporation; to construct, carry
out, maintain, improve, manage, control
and Superintend any road way, tram.
way, pipe line, tanks, reservoirs, ware.
houses, WaterWorkS, crushing works,
or any other works and convenience S
that may be directly or indirectly con.
ductive to any Of the objects and pur.
poses OF this corporation; to purchase,
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, improvements and build
ingS for mining and for the uses and
purposes incident thereto: to purchase,
lease or otherwise acquire all or any
part Of the business or liabilities of any
person, firm, corporation or association
engaged therein or holding any part
in similar objects or purposes; to &C
any CT all things necessary, suitable
and convenient and proper for the &C
compliShment OF any of the purposes OF
the attainment of any one or more oil
THE objects and purposes herein emu
merated or incidental to the powers
therein named, or which may or shall
at any time appear conductive or expe
dent for the benefit of this corporation
ARTICLE III.
All citations. summoneS and othel
legal processes shall be served on thu
president of said corporation; and, il
case OF his absence, on the vice presi
dent, and, in the absence of both, ON th,
secretary.
ARTICLEIV.
The capital stock OF this corporation
is hereby fixed at the sum OF thirt!
thousand dollars (S3O,00O.OO), divide,
into three thousand shares $4,000 o
the par value of ten dollars ($lO.OO) pc
SHARE, which capital stock may be in
creased TO the amount of fifty thousanl
dollars lS5O, OOO0O). in accordance viii
the laws OF Louisiana. Stock in thi
corporation may be paid for in labor OF
other services and in material furnish
ed, and in the sale and lease of land o.
! mineral rights, or good will. as we'll a
. in cash, and the judgment of the boart
Of directors as to the value of the PROF
: eriY, labor, good will or services 81
taken, shall be conclusive. This corpor
!. alton is authorized to commence bust
ness when one'half of the capital stool
has been subscribed and paid for in full
ARTICLEV.
The corporate powers of this Corpor-
alton are hereby declared, except a:
may hereafter be stipulated, to be vest
ed in and exercised by board of direc
tors composed of not more than Sc, er
| CD of its stockholders which said board
shall be elected annually by said stock.
holders on the first Monday in April Of
each year; each stakeholder shall be en-
titled to one vote for each share o.
stock held and owned by him, and may
cast his vote in person or by written