The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1919-10-30
shall he and is hereby fixed at Arcadia
Bienvile parish, State Of LOUISIANA
ARTICLE II.

AN1 ASAIA ~~'
THE purposes and objects for when
his CORPORATION is organized are mere,
" declared to be: Buy, to sell ana
lease 10 lands; to acquire, hold ANA als.
nose Of mineral rights; to drill mine
and explore for oil. gas and other NM
erals, and to develop, store, transport
coll and dispose of same; to acquire
construct, maintain and operate pipe
Ines and redneries, and to 10 al
things necessary and incidental to the
conducting Of a general oil and gas
business.
ARTICLE III.
All citations or other legal process
shall be served upon the president o.
the CORPORATION, or in the event OF
his absence upon the vlce-presldehl'
or in the absence Of both of them up
N the secretary Or treasurer
ARTICLE ".
The period of the existence or dura-
tion of this corporation is hereby llS-
ID at nincty-ninc 500 years from the
date Of this act, unless sooner dls'
solved under the provisions OF law
ARTICLE Y.
This corporation shall have power
TO contract, sue and be sued; to make
and use corporate seal and the same
70 olter at pleasure; to hold, receive
purchase, lease, sell and convey, as
we'll as hypothecate and mortgage IN
its corporate name, any property when
if NAV own; to appoint such officers
nc tho business of this corporation shall
reouire: to make such bylaws, rules
and regulations for the government OF
this corporation, as may he necessary
and the same 70 alter or change al
will.
ARTICLE vi.
The authorized capital stock OF tins
CORPORATION is hereby fixed at five nun
)rcd thousand ($5O0,O00) dollars, iii.
vided into five hundred thousand
shares of the par value Of one (S10o)
lollar each, and the authorized capital
stock of this corporation may he ill.,
creased to one million ($1,00o,0M) dol
lars, by complying with the law IN
such cases made and provided. All
shares of stock shall be paid for If
money or in property conveyed to this
corporation, or in labor performed III
behalf of this corporation. This cor
poration shall be authorized to com
mence business when fifty (3O) per
cent of Its authorized capital stock
has been subscribed and fully paid for
ARTICLE VII.
The business affairs Of this corpora
ton shall be under the management
and control of a board Of directors tt
be composed Of five stockholders. 9
majority Of which shall constitute q
quorum, which hoard Of directors shal
be invested with all the corporate
powers Of this corporation, subject
however, to any restrictions which
may be stipulated i'll this charter.
The Board of Directors shall cleo
A president, vice-president, secretary
and treasurer (the last two to be hclf
by one and the same party, and Sucl
other officers as may be necessary fol-
the management Of the affairs Of thi:
corporation; they shall have the pow
er to fill all vacancies occurring b!
lcath, resignation or otherwise. Th'
office of secretary and treasurer t
be combined and held by one and thu
same person.
The following stockholders shall
constitute and compose the first boart
IF directors, viz: George w. Sager
Abner Siegal. Arthur Goldman. H. L
Lieber and c. H. Goodwin, the first tw'
Of Arcadia, and the last three of Mon
roc. State of Louisiana, with Georg
W. Sager, president, G. H. Goodwin
vice-president, and lAbner Siegal, sec
retary-treasurer. The first board o
directors shall hold office until thu
third Tuesday of October, 1920, al
which time and annually thereafter {
new board of directors shall be elect
ed by a majority of the stakeholder
being entitled to cast, either in person
or by proxy, one vote for each shar'
Of stock owned by him. Nothing il
this charter to be- construed as pre-
venting the reelection Of: the frs
board of directors, if the majority 0
stockholders being entitled to cast
either in person or by proxy, one vot
for each share of stock owned by him
80 rule.
Notice of the holding Of the annua
stockholders meeting shall be given &C
"Ording TO law.
The failure or commission to hold tn
annual election Of officers of this cor
poration in the manner and at the tim
and place specified in this charter shal
in no manner suspend or affect til
2 business of this corporation, but til
corporate officers then in charge shal
:. hold Office until their places are file
by new election to be provided 70
I by the board Of directors.
ARTICLE VIII.
! No transfer Of stock shall be BIND
|, ing upon, this corporation unless tn
q same shall have been made upon til
9 application Of the owner Or his al
= thorized agent, and is duly entered ul
;. on the books Of the corporation.
d ! ARTICLE TX.
9 This charter may be amended an
}. Its capital stock increased or decreas
ed by complying with the provisions Z
law in such cases made and provided
!. whenever this corporation is lissol,
\ led by liquidation or otherwise its a
e fairs shall be liquidated or setteld b