... to buy and sell farming and grazing lands, and to rent, lease and sub lease the same; to contract for the surveying and platting of lands and townsites and for the sale of the same; to handle and dispose of real estate on commission; to borrow money pledging real estate of personal security therefore; to construct electric light and power plants, and to own and operate the same; to buy, sell, own and deal in cattle, horses and other live stock; to mill and store rice, cotton, corn, pepper, and other agricultural products and to buy, sell and deal in the same; and to do all things whatsoever that it might or could do by virtue of the laws of the Territory of Oklahoma...

The corporation's headquarters was designated as Mangum, Oklahoma Territory, but the board of directors could determine other locations for branch offices. Ocampo, Mexico, the County seat located 12-14 miles from Chamal, was one of these.

The corporation was legally established to last up to twenty years. The capital stock of the corporation was listed as $100,000. It was divided into 2,000 shares priced at $50 each. There were eleven members on the board of directors selected from the stockholders to govern the corporation. The eleven members were J.L. Sweet, G.T. Ingram, S. C. Talley, C. C. Rogers, W. O. Byers, Geo. E. Blalock, Joe Miller, M. L. Childress, Wesley Ricks, Geo. R. Moore and G. B. Parmer. Mr. Sweet, Mr. Ingram, Mr. Talley and Mr. Rogers were present to sign the official certified document.[3] See the text of the Articles of Incorporation in Appendix C.

Applying for a Charter

Now that money had been deposited to secure the purchase of the El Chamal tract of land, it was necessary to obtain written permission from the Territory of Oklahoma to legally conduct business. To this end another committee of Blalock colonists was charged with the responsibility of applying for a charter from the Territory of Oklahoma. This charter was required so that the Blalock Mexico Colony Corporation could legally conduct business in Oklahoma Territory and in the Republic of Mexico. The members appointed to this committee were Mr. Joe Sweet, Mr. Charley Rogers, Rev. S. C. Talley, and Mr. George T. Ingram. These men completed their work on October 31, 1902, when the colony charter was filed in Guthrie,[4] Territory of Oklahoma, and certified by Mr. William Grimes, Secretary of State for the Territory of Oklahoma.