The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-06-23

Public in and for said parish and state.
duly commissioned and sworn, came
and appeared J. Il. Reynolds, ". d.
Golf. Il. X. Fclts, Fred W. PentecoSt
r. ID. Sims, Bcrtram +. Barnrttr, ID.
II. Brown, e. H. Shields ", c. Meyers,
residents of Bienyille Parish, Louis
lana, and G. Il. Heard and &. y. Adams
residents Of Lincoln Parish, Louisiana,
in the presence Of the attestng legal
and competent witnesses, who dcClar-
ed to me, Notary, that availins them
selves of the provisions of the laws of
the State of Louisiana relative to the
formation, organization and establish
ment of corporations, and the operation
and management of same, they do by
! this act and these presents form them
selves and such other persons as may
associate themselves with them, or sue
coed them, into corporation, under
the name and terms and for the pur-
poses hereinafter setforth in the
various articles.
Article l.
The name Of this corporation shall
be "ARCADIA-RUSTON OIL COR
pORATION" with its domicilc in the
Town of Arcadia, BienyiIle Parish,
, Louisiana, where all meetings of the
stockholders shall be held and where
meetings Of the Directors must
be held, and under it's cor
pOrate name it shall have an en-
joy succession for a period of ONE
HUNDRED YEARS, unless sooner dis
solved as herein provided, Or other
wise. All legal process shall be serv,
ed on the president, or in his absence,
on the first vice-president, or in the
absence Of both, on the secretary and
treasurer at the office Of the company
Article III.
The purpose for which this corpora
ton is formed and its objects are here.
by declared to be to acquire, own and
dispose of real estate, oil, gas and min
eral lands and leases; and all kinds OF
personal property; to acquire, and OWL
drilling rigs and machinery and oper
ate same as it may see fit; to acquire
own and operate pipe lines and tank
lines and cars for the purpose of trans
uniting any and all kinds Of minerals
to acquire, build and operate machin
cry and reiineries Of any and alt kinds
and generally to do and perform any
and every act necessary to carry ou
the purposes herein provided for OF
that may be incidental thereto.
Article Ill.
The capital stock Of this corporation
is fixed at FIFTY THOUSAND DOL
LARS, ($5O,OOOOO), divided into ONT
THOUSAND 10000 shares of the pa
value of FIFTY ($5O.0O) Dollars each
which may be paid for in cash, pro
perty transferred to the corporation, Oh
| for services performed for it at val
uation to be approved by its Board 0
Directors, and all stock, when issued
shall be fully paid and worcestershire
The corporation shall begin business
when FIVE HUNDRED 5000 share
| are subscribed and paid for in accord
| ance with law. This corporation shall
! have authority to increase its capita
stock, on complying with the law rela
| tive thereto to an amount not exceed
! inc ONE MILLION (S1,O0O0OO.m
dollars.
.-. ... Article ".
The affairs of this corporation shall
be managed by and be under the con
troll of a Board of Eleven Director
who shall be elected by and fron
among the Stockholders at the annua
stockholders meeting which shall b
held on the Second Monday in Apri
of each year, beginning with the yea
1922 The following stockholders shall
compose the first board Of directors. |.
wit: sS~ NJ! ssHan
J. f. Reynolds, B. r. Felts, ". L
Golf, Fred w. Pentecost, r. d. Sims
Bertram f. Barnette, ID, b, Brown
G. L. Shields, c. r. Heard, W. {
Meyers and G. A. Adams, who sha1
hold office and compose said board I'll
I'll their successors are elected.
Article Y.
The officers of this corporation sha]
be President, First Vice-Presiden
Second vice-President, Third Vice
President, Secretary and Treasurer
The Secretary may also hold the OF
flee of Treasurer. They shall be cleo
ed annually on the Second Monday i
! April of each year, beginning with tn
year 1929 by the Board of Director
, elected on said day by the stockhOld