The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1918-01-18
CHARTER OF incorporation
o. F.
LOUISIANA CENTRAL OIL CO.
tIncOrporated)
(IncOrpOrated)
State of Louisiana, !
Parish of Jefferson Davis !

themselves Of the provisions OF Act. NO.
}67 Of the General Assembly OF the
State of Louisiana tor the year 1914
AMI the general laws OF Louisiana not
inconsistent herewith, do hereby COW
pnant, agree and bind themselves and
such other persons as may hereafter
become associated with them, and their
successors, to the following terms anu
stipulationS, which they adopt as their
tO.Wit:
ARTICLE |.
The name and style of this corpora
ton shall be LOUISIANA CENTRAL
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, 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.
TheIobjectS and purposes OF this cor
pOration,and the nature of the business
to be transacted 'anda carried on by 1t
are declared to be as follows:
To purchase, 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-
Ieum, coal, aSphaltum, salt, sulphur,
ore, metal and mineral substances or
any interest therein; to explore,
open, work, or in any manner
turn the same to advantages; 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
being 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 COnvenienCes
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 ant
purposes incident thereto: to purchase
lease or otherwise acquire all or an!
part of the business or liabilities OF an.
person, firm, corporation or association
engaged therein or holding any par
in similar objects or purposes; to d.
any or all things necessary, SultaDI
and convenient and proper for the al
complishment of any of the purposes o
: the attainment of any one or more
the objects and purposes herein ent
, merated or incidental to the power
; therein named, or which may or Sha
: at any time appear conductive or exp'
: dent for the benefit of this corporation
!. ARTICLE III.
All citations, SummoneS and Othe
Q legal processes shall be served on th
I president of said corporation; and,
. case of his absence, on the vice pres
9 dent, and, in the absence of both, on tt
. secretary.
Z ARTICLE w.
8 The capital stock of this corporate
o is hereby fixed at the sum of thirt
: thousand dollars ($3O,O0O,O0), divide
9 into three thousand shares (3,0O0)
2 the par value of ten dollars ($l0'0O) p'
8 SHARE, which capital stock may be i
z creased to the amount OF fifty thousal
& dollars ESQ, 00000). in accordance wi
- the laws of Louisiana. Stock in tn
u corporation may be paid for in labor
as other services and in material furniS
g ed, and in the sale and lease of land
. mineral rights, or good will. as well
se in cash, and the Judgment Of the boa
q Of directors as to the value of the DrC
y cry, labor, good will or services
= taken, shall be conclusive. This COrpt
a alton is authorized to commence bu
= ness when one.half of the capital Sto
y has been subscribed and paid for in fl
z ARTICLEV.
p The corporate powers of this COrpo
q alton are hereby declared, except
81 may hereafter be stipulated, to be We
~ ed in and exercised by board OF dir
= tors composed of not more than sew
- (O of its stockholders which said boa
= shall be elected annually by said stoc
q holders on the first Monday in April
81 each year; each stakeholder shall be
q titled to one vote for each share
~ stock held and owned by him, and m
e cast his vote in person or by writ
Ie proxy; and said meeting of stoCkholde
z shall be preceded by due notice acco
81 ing to law to each stakeholder at lie,
- fifteen days before such meeting; pr
q vided, however, that a failure to hi
y, ~ said meeting of the stockholders and