The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-08-05
CHARTER
Bienyille. Claiborne Oil & Development
Company, Inc.

United States Of America, state ol
Louisiana, Parish Of BienVllle'
BE IT KNOWN. That on this tlle
81 day of May in the year Of our horu,
One Thousand Nine Hundred anu
Twenty, before me the undefSlsDeu
Notary Public, duly appointed coli-
missioned and qualified in and FOR the
Parish Of BienyilIe, State Of LoulSlalia'
and in the presence Of the witnesses
herein named and undersigned
personally came and appeared the "eN.
pral persons whose names are neL'''
subocrihed who spyeralIy declared ihai
awaiting themselves of the provisions
of the Law Of this STATE relative 10
Cotporations and particularly Act -o'
of the General Assembly Of Louisiana
for the wear 1914, they have formed
and organized and by these present.
do form and organize themselves liil'
a Corporation and body polite III ii"
for the objects and purpose herein SET
forth and to that end they hefeol
formulate and adopt the following ai'
icles of incorporation, to-Wlt:
ARTICLE |.
The name and title of this Corpora
ton shall be observation-disclosures VII
Development Co., Inc, and It's oon n,,,
oholl no and is hereby fixed at hlDS
land Blenvllle Parish, Louisiana
ARTICLE II,
The purpose and objects for Whlc
this corporation is organized are mere
nv declared to be; Buy, and sell leases
land to acquire, hold an
dispose Of mineral rights, to drlI
mine and explore for OIL ga
and other minerals and to deve
on store and transport and sell and Oh
nose of same; to acquire and conStruc
maintain. operate pipe lines, refIllerle
and to do all things necessary ana Il
cjdental to the conducting Of a seher'
oil and gas and mineral business.
ARTICLE III.
All citations or other legal process
his absence, upon the Vice-President al
of the Corporation and IN the event
his absence upon the Vice-President al
In the absence of both Of them upon Il
Secretary-Treasurer.
ARTICLE ".
The period Of existence or duratl'
Of this corporation is hereby liked
Nlnety.nine 500 years from date
this act unless sooner dissolved una
the provisions Of law,
ARTICLE Y.
This corporation shall have pow
TO contract, sue, and be sued, to ma
and use a corporate seal, and the Sal
TO alter at pleasure, to hold, recei'
purchase, lease, sell and convey as W
as hypothecate and mortgage in It's G.
porate name any property which 1t m
own, to appoint such officers as
business of this corporation shall
uulre, to make such bylaws, rules a
regulations for the Government OF
corporation as may be necessary and
same to alter or change it will.
ARTICLE VI,
The authorized capital stock of t
corporation is hereby fixed at TWEEN
Five Thousand Dollars ($25,O0O.,
Dollars; divided into Twenty-F
Thousand Shares Of the par value
One Dollar each, and the authors
capital stock Of this corporation II
be INCREASED to Fifty Thousand 4
0O000) Dollars by complying with
law in such cases made and provld
All shares of stock shall be paid
in money or in property CONVEYED
this corporation or in labor perform
In behalf of this corporation. l
corporation shall be authorized to c.
mence business when fifty 600
cent of its authorized capital stock
been subscribed and fully paid for
ARTICLE VII.
The business affairs Of this corpt
ton shall be under the management
and control of a Board of Directors
be composed of five stock holders
majority of which shall be a quor
which Board of Directors shall be