The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-01-08

laL, awaiting lltiHoCi'So Va 'iiS P
isions of the laws of the State OF
louisiana relative to the formation.
rsanization and establishment of cor
orations. and the operation and man
cement of same, they do by this act
md these presents form themselves and
such other persons as may associate
themselves with them,Or succeed, into
A corporation, under the name and
terms and for the purposes hereinl
after set forth in the various articles.
ARTICLE |
The name of this corporation shall
be LUMMUS OIL COMPANY IN
CORPORATED. with its domicile in
the Town of Arcadia, Bienville Parish,
Louisiana, where all meetings of the
stockholders shall be held and
where all meetings. OF the
directors must be held, provided that
with the written consent OF all the
directors, valid meetings of the d.
rectors may be held outside of the
State or within the State elsewhere
than at its domicile, and under its
corporate name it shall have and en-
ioy succession for one hundred years.
unless sooner dissolved as herein pro-
yided. or other wise. All legal pro-
cess shall be served on the President
or in his absence, on the Vice Pres
ident. or in the absence OF both, on
the Secretary and Treasurer at the
office of the Company.
ARTICLE ii.
The purpose for which this cor
p0ratiOn is formed and its objects are
hereby declared to be to acquire, own
and dispose of real estate, oil, gas and
mineral lands and leases; and all
kinds of personal property; to acquire,
and own drilling rigs and machinery
and operate same as it may see tit
to acquire, own and operate pipe lines
and tank lines and cars for the pur.
pose of transmitting any and all kinds
of minerals; to acquire, build and
operate machinery and refineries of
any and all kinds, and generally to
do and perform any and every act nee
esSary to carry out the purposes herein
provided for or that may be incidental
thereto.
ARTICLE III.
The capital stock of this corporation
is fixed at One Hundred Thousand
($1O0,00000) Dollars, divided into
one thousand (1,00O) shares of the
par value of one hundred ($lOO.OO)
each, which may be paid for in cash
property transferred to the corporation
or for services performed for it at a
valuation to be approved by its boarf
of directors, and all stock, when is
sued, shall be fully paid and non-as'
sessable. The corporation shall begin
business when Six Hundred Shares are
subscribed and paid for in accordance
with law. This corporation shall
have authority to increase its Capital
Stock, on complying with the law re
lative thereto to an amount not eX
ceeding One Million ($1,OOOOOO.OO)
Dollars.
ARTICLE ".
The affairs of this corporation shall
be managed by and be under contro
of a Board of not less than Three n0l
more than FIVE Directors who shall
|be elected by and from among the
Stockholders at the annual stool
holders meeting which shall be hello
on the first Monday of July of eacf
year, beginning with the year l92l
The following stockholders shall com
pose thefirst Board of Directors, to
wit: J. N. Lummus, who shall act as
Chairman, J. N. Lummus, Jr. whit
shall act as Secretary and j. b. Lum
mus who shall hold office and compose
said Board till their successors arr
Ielected.
| ARTICLE V.
The officers of this cOrporationshal
be a President, a Vice President,
Secretary and Treasurer. The Sec
rotary may also hold the office O
Treasurer. They shall be elected an
nually on the first Monday of Feb
lruary, beginning with the year 1921
|by the Board of Directors elected OF
said day by the stockholders, whicl
Board shall Immediately organize ant
elect said officers.
The first officers of this corporation
shall be ]. N. Lummus, President ]. +
I.ummus Vice President and j. n
Lummus Jr. Secretary and Treasurer
who shall hold said Offices until thei
successors are elected as herehlabov
provided and according to law.
ARTICLE vi.
Meetings of the stockholders and G
the Board Of Directors may be hel
las often as the needs of the bushes
may require, provided that for Stool
holders meetings written notice sha
be mailed to each stakeholder, at h
D last known Post Office address or thu
/ shown by the charter, at least fiftee
Idavs before said meeting is held, al