The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-06-16

Io-l, DelOIc HE, IL. H. tZleI, Il Notary
Public in and for said parish and state
duly commissioned and sworn, came
and appeared ]. E. Reynolds, ". D.
Golf, 3. X. Felts, Fred ". Pcntecost
r. D. Sims, Bertram +. Rarncttc D.
i. Brown, G. /. Shields, ". G. Meyers.
residents of BienyilIe Parish. Louis
! lana, and G. r. Heard and G. A. Adams
residents of Lincoln Parish, Louisiana.
i'll the presence of the attesting legal
and competent witnesses, who declar-
ed to HE, 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 a corporation, under
the name and terms and for the pnr-
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, Bicnville 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 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 yice-president, or in the
absence Of both, on the secretary and
treasurer at the Office Of the company.
Article II.
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 own
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
hitting any and all kinds of minerals;
to acquire, build and operate machin-
cry and retineries of any and all kinds,
and generally to do and perform any
and every act necessary to carry out
the purposes herein provided for or
that may be incidental thereto.
Article iii.
i, The capital stock of this corporation
is fixed at FIFTY THOUSAND Doll
LARS. (s5O,ooo0o), divided into ONE
THOUSAND 10000 shares of the par
value of FIFTY ($50.00) Dollars each,
which may be paid for in cash, pro-
perry transferred to the corporation, or
for services performed for it at val
umtion to be approved by its Board Oh
Directors, and all stock, when issued,
shall be fully paid and worcestershire.
The corporation shall begin business
when FIVE HUNDRED 5000 shares
are subscribed and paid for in accord
ance with law. This corporation shall
have authority to increase It's capital
stock, on complying with the law rela
tive thereto to an amount not exceed
Inc ONE MILLION ($l,0oo,oooW) |
dollars.
Article w..
The affairs Of this corporation shall
be managed by and be under the con,
troll of a Board Of Eleven Directors
who shall be elected by and from
among the Stockholders at the annual
stockholders meeting which shall be
held on the Second Monday in April
of each year, beginning with the year
1929. The following stockholders shall
compose the first board OF directors, to
wit:
J. q. Reynolds, Il. Il. Felts, W. H.
Golf, Fred W. Pentecost, r. D. Sims
f. Barnette, D. E. Brown,
G. +, Shields, c. R. Heard, W. c,
Movers and G. A. Adams, who shall
hold office and compose said board I'M
til their successors are elected.
Article Y.
The officers Of this corporation shall
be President, First Yice-President,
Second yice-President, Third Vice
a Secretary and Treasurer,
The Secretary may also hold the Of
ice Of Treasurer. They shall be elect
ii annually on the Second MonQsy In
April Of each year, beginning with the
rear 1922 by the Board Of Directors
elected on said day by the stockhold.