St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-29
Charter of The
OIL AND MINERAL
COMPANY.

Be it known, that on this 18th day
of Septemb Der, in the year of our Loro
one thousand nine hundred and ten
and of the independence OF the
United Stats of America, the one
hundred and thirty-fourth, before me
E. H. Richard, a notary public, duly
commissioned and sworn, in and TOT
the parish of st. Tammany, state Q!
Louisiana, and in the presence o,
the witnesses hereinafter named ana
undersigned, personally came ana ap-
peared the several persons Wnose
names are hereunto subscribed, VINO
declare that availing themselves u
the laws of the State, and provisions
thereof relative to the organization,
of corporations, they have covenanteo
and agreed, and by these present cove
and agreed and these by present cove
stitute themselves, as we'll as sucn
other persons who may hereinafter
Join or become associated with them
into a corporation and body polite
in law, and for the objects and pur.
poses, and under the agreement ana
stipulations following to-wit:
ARTICLE l.
The name and style OF this cor
poration shall be the Covington vi
and Mineral Company, and under
law to corporations; it shall nave
power to contract, sue and be sued
in it's corporate name, to make anu
use d corporate seal, to hold, re-
ceive, purchase, convey, mortgage
hypothecate and pledge property DOH
real and personal, issue bonds, notes
and other obligations, to have and
employ such managers, directors, OIL
GERS, agents and other employees as
the interest and convenience of the
said corporation may require, and to
make all regulations for the proper
management and control of the at
fairs of the said corporation, through
its board of directors as may be
necessary and expedient.
ARTICLE II.
shall be in the town of Covington,
Parish of st. Tamany, State of Lou
isiana. All citations and other legal
process shall be served upon the presi
dent of the said corporation, in his
abscene upon the vice president, and
in the absence of both the president
and vice president, then the service
shall be made upon the secretary.
ARTICLE Ill.
The objects and purposes of this
corporation and the nature of the
business to be carried on by it are
hereby agreed to be: To purchase,
receive, hold, lease, otherwise &C
Quire mines, mineral lands, mining
rights, Gains and privileges, or real
estate in the State of Louisiana OF
elsewhere in the United States of
America, and to prospect, explore,
examine, test, develop, open, work,
or In any manner use or turn same
to advantage, to prospect and search
for natural gas, oil, petroleum, coal,
salt, sulphur, or other mineral or
elements of use or value, to investi.
gate examine and test lands in locali
ties where same are supposed to exist
such wells, pits or shafts as may be
deemed expedient for that purpose,
and to drill, bore, dig or put down
to mine, dig, blast, excavate, pump or
otherwise obtain or procure, natural
gas, oil, petroleum, coal, salt, sui
phur or other minerals or subtances
of use or value, and to prepare, puri-
fy, refine, manufacture, transport,
convey, store, warehouse, sell or
otherwise use or dispose of same; to
drill, bore or put down, excavate or
make, and maintain, repair, operate
and work any wells, shafts, mines or
works that may be necessary or con-
venient to accomplish and carry on
the objects and purposes herein set
forth; to build, erect, repair, main
tain and operate any buildings,
houses, pumps, machinery, appara
JUS, works, railroads, tramways,
boats, barges, canals, levees, reser-
Voirs, pipe lines, tanks Or other
.hings that may be necessary or ex-
oedient to accomlish and carry on
The objects and purposes herein set
'orth, and in general to do and act
lnything necessary, convenient or
Incidental to the accomplishment of |
aid subjects AMI purposes.
ARTICLE ~.
The capital stock of this orpora-
ion is hereby fixed at the su / of |
twenty-five thousand dollars, to be |
llvided into and represented by |
twenty-five thousand shares of the |
ar value of one dollar, which capt. |
al stock shall be increased or de- |
reased in the manner provided by
he laws of the State of Louisiana. |
aid stock shall be paid for in cash,
r It's equivalent in personal or real
received for services rend-
red, or labor performed in such
1anner and under the terms such
8 the board of directors may fix or
etermine, but no certificate of stock
hall be issued until the same has
cen paid for either in cash or prop
rty received. services redered or
thor performed. No transfer of
JOCK shall be binding upon this cor
grafton unless recorded upon its
ooks, and until the certificate of
'ock shall have been delivered to
lie corporation and duly cancelled.
ARTICLE v.
All the corporate powers of this
'rporation, and the management
Id conrol of its Affairs shall be vest
and exercised by a board of
rectors, composed of nine stock
olders, of whom five shall consti-
tie quorum for the transaction of
lsiness; the number of said board
directors may be increased at the
't1on OF the said board of directors.
1t in cases majority of the num-
r of the said board of directors
all constitute a quorum thereof.
i'd board of directors shall be elect
on the third Monday of the month
;tober OF each year, and shall i'm
ediately after the election elect
ON among their number a presi-
nt' vice president and treasurer,
en- OF whom shall be stockhalder,
icy shall also elect secretary, who