The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1922-07-06

me, Notary that, availing themselves
of the provisions Of the laws Of the
State of Louisiana relative to the for
nation, organization and establish
ment of corporations, and the opera
ton and management Of same, they
do by this act and these presents form
themselves and such other persons as
| may associate themselves with them.
or succeed them, into a corporation
under the name and terms and for the
! purposes hereinafter set forth in the
various articles.
ARTICLE /.
The name of this corporation shall
be CRYSTAL OIL DISTRIBUTING
COMPANY INCORPORATED" with
its domicilc in the town of Arcadia
Bienville Parish, Louisiana. where all
meetings of the stockholders shall be
held and where the meetings Of the
Directors must be held, and under its
corporate name it shall have and en-.
joy succession for a period of One
Hundred Years, unless sooner dissolv.
ed as herein provided, otherwise. All
legal process shall be served on the
president, or in his absence, in accord
ance with the law existing at the time
OF such service.
ARTICLE ?.
The purpose for which this corpora |
ton is formed and its objects are here
by declared to be to carry on and Op.
crate general wholesale and retail
gasoline, kerosene and lubricating oil ;
and gasoline filling station business and
to buy and sell kerosene, and gas burn.
ing stoves and to acquire, own and
dispose of real estate, and all kinds
Of personal property; to acquire own
and operate pipe lines and tank lines
and cars and all necessary appliances
for the purpose of transmitting any
and all kinds of OIL gasoline, kerosene
and greases of all kinds; to acquire,
build, own and operate storage tanks
for oils, gasoline and greases Of all
kinds, and generally to do perform
any and every act necessary to carry
out the purposes herein provided for
or that may be incidental thereto.
ARTICLE g.
The capital stock of this corpora.
ton is fixed at TEN THOUSAND
($10,0000O) DOLLARS, divided in.
to ONE HUNDRED t10o) shares of
the par value Of ONE HUNDRED
(S10O.00) Dollars, each which may be
paid for in cash, property transferred
to the corporation, or for services per
formed for it at valuation to be
approved by its Board Of Directors,
and all stock when issued, shall be
fully paid and worcestershire. The
corporation shall begin business when
FIFTY (50) shares are subscribed and
paid for in accordance with law. This
corporation shall have authority to in.
crease its capital stock on complying
with the law relative thereto, to an
amount not exceeding TWENTY FIVE
THOUSAND ($25,0O000) DOLLARS.
ARTICLE 4.
The affairs Of this corporation shall
be managed by and be under the con.
troll of Board Of FOUR az 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 May Of
each year, beginning with the year
1923. The following stockholders
shall compose the first board Of d.
rectors, to-wit: J. G. Roberts, R. E.
Smith, y. L. Reed, and D. A. Wood.
ard who shall hold Office and com.
pose said Board until their success
sors are elected.
ARTICLE 5. 4
The officers Of this corporation
shall be a president, first vice presi'
dent, second vice president, a secre'
tary and a treasurer. The secretary
may also hold the Office Of treasurer
They shall be elected annually on the
second Monday in May Of each year
beginning with the year, 1928 BY me
Board Of Dlrecors elected on said day
by the stockholders, which Board
shall Immediately organize aud elect
said officers The first officers OF
this corporation shall be ]. G.
Roberts, president; R. E. Smith, first
vice president; E. L. Reed, second
vice president; and D. A. Woodland
secretary and treasurer, who shall
hold said offices until their cuccess-
ors are elected as hereinafter pro.
vided and according to law.
ARTICLE 6.
Meetings Of the stockholders and
of the Board Of Directors my be held
as often as the needs Of the business
may require, provided that for stock
holders meetings, written notice shall