The herald., 1911-08-31
CHARTER
OF THE SOUTH SULPHUR, MINERAL &
OIL COMPANY. INCORPORATED.

OIL COMPANY. INCORPORATED. =.
u UNITED STATES OF AMERICA, STATE
i OF LOUISIANA, PARISH OF OR
i LEANS, CITY OF NEW ORLEANS.
BE it known. that on this the 31st dav OF
the month or July, in the year of our LORD
one Thousand nine hundred and eleven ana
| OF the Independence OF the United States of
America the one hundred and thirty-sixth
before me-, Alexis Brian, notary public
| iuly commissioned and qualified within and
| for the parish of Orleans, state of IouiSi,
ana, therein residing, and in the presence
| OF the witnesses hereinafter named and nm
! uerslSned, personally came and appeared the
several persons whose names are hereuptO
subscribed, who declared that ayailinp
| themselves of the provisions of the laws of
TINS state relative TO the organization of
corporations, they have organized and do NV
! these presents organize and form themselves
and such other persons as NAV herea fter
join them, and their successors into a cOrpo
ration and body polite in law under the
covenants, agreements and stipulatiOns fol-
lowing, tO-wit:
ARTICLE l.
The name of this corporation shall be the
SOUTH SULPHUR, MINERAL AND OIL,
COMPANY, INCORPORATED. 1t shall
ENJOY all the rights and privileges granted
Dy law to corporations; it shall exist for a
sooner dissolved as hereinafter provided its
domiciie shall be in the city of New Orleans,
STATE OF Louisiana; where citation and other
legal process shall be served on its presi.
dent and in his absence on the yice-nresi
dent or the corporation.
ARTICLE II.
This corporation shall have power TO con-
tract, sue and be sued in Its corporate
nam name 10 make and use corporate seal; to
noId, receive, purchase or otherwise acquire
convey, mortgage, hypothecate or pledge pro.
perry Dotn real and personal 10 issue bonds
notes and other obligations; to borrow or
lend money TO have and employ such man
ayers, directors, officers and other employees
as the business of this corporation NAV re-
qulre for its conduct; and to make and es-
tablish such bylaws, rules and Regulations
Tor the management and control of the ar
fairs Of said corporation as NAV be desITa.
DIE or necessary.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature OF |
Ine business to be carried on by IL are |
declared TO be to purchase, lease or other |
wise acquire, to sell and generally to deal |
IN lands in this state or In neighboring |
states; TO construct or otherwise ACQUIRE
works and appliances necessary for the ex.
ploitaclon, discovery, development manufac-
turing and refining of mineral oil and other
mineral substances to acquire by purchase
lease or otherwise, and TO operate oil wells
renneries, pipe lines and their appurten-
ances 10 purchase and sell and generally
70 deal In the stock and securities OF other
corporations; and generally to engage in
any other business or enterprise Connected
forth. Ne'e'n Se'
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum of one hundred /
Thousand dollars (S10O,OOOOO divided into
ana represented by one thousand ii. OOOI /
snares OF 1t the par value Of one hundred dol l
ars tSlOOOO) per share, which shall he
paid for in cash, or by property Transferred
1r by services rendered to the companv
subscriptions to stock shall be paid In snch
mount, mounts and at such times as the board of
iLreetors may require. All shares of stock
man be full paid and worcestershire. No
ransfer or stock shall be binding upon fhe
,,E,Impa a!,s unless recorded upon its books.
he president and by the secretary This {
corporation shall begin business as soon ne {
en- thousand dollars (S1O, 1000. OO) Of its
LOCK snail nave been subscribed for.
ARTICLE V. e
All the corporate powers of this COMPANY. y
mortgage and hypothecate real estate shall e
e vested In, and the management and CON 5
rol OF its business shall be exercised by a C
odfd Oh directors, composed of three stock $
uorum Tor the transaction of all business {
lessrs. j. 5. Brady. ID. c. Wells and George d
!. Sinms shall constitute the first board Of Z
lrectors, who shall hold office as such nntii e.
ne second Monday In july. 1912 On tha o
como Monday in July, 1912, and annually II
lereafter, there shall be a meeting ~ le
ocHholders, convened upon the call Of the d
,cretary by giving ten days notice thereof Il
each stakeholder through the mails Al. h
cted TO his last known place of residence ia
"a u business, at which board of directors a!
ock b 1e CHOSEN Tor the ensuing year. Each E,
ochnNlder snail be entitled to one vote 81
Z each share Of stock owned by him. to he Il
st elther In person or by proxy. All cleo 81
o ods shall be held by ballot, II demand is it
iiot sba erei h by any stakeholder. The Sc
on OF two stockholders appointed by the m
esldent OF the corporation The directors a
bP Snnna oy this charter or any directors RI
III the ensuing annual meeting of stock he
iuerS, and until their successors have been
~ eleeted and qualified, and no failure to
; ~ p ibis snail be regarded a forfeit
~ InIs enarter. Any vacancy Occurring re
saia board shall be filled by the remaining Of
,eciors Tor the unexpired term. Tbs TO
ara Oh directors shall have the right from Of
rks o Tune 70 appoint and dismiss the I'M
,ihs' agents, managers and other employees un
i Su '.e business OF the company NAV re- hi
: ne; any one OF the directors shall have
.ac rtgnt 70 delegate in writing to any other
; board. any "eeitng OF be
ARTICLE vi. no
=, Of
! he officers Of this corporation shall CON. col
: y, a president, vice-president. secre- da
ana treasurer, any two of which NJ. vic
:; excepting those Of president and vice ca:
sioent may be held by the same indiyid. by
70 until the second Monday in Jniy Wi
y, Mr. j. s. Brady shall be president and da
asurer or this corporation; Mr.. ID. r. ha
us Us shall be vice-president, and Mr.. Geo Wi
simms shall be secretary. ON the sec. POI
monday In July, 1912, and annually Of
reafter, the board Of directors immediats' shs
upon their election by the stockbolders
III meet and select from their own nnm'
tne offeers aforesaid, who shall hold of.
until the ensuing annual stockholdars,
duly elected and qualified. frs frs
ARTICLE VII. sa,
70 stockholder shall ever be held liable 500
responsible for the contracts. faults ~ =
Is OF this corporation beyond the amount cit,
me balance due by him on his stock snh- vaa
ption, nor shall any mere informaIitv an
EN- nave the effect of rendering tbis tn.
rter nun or Of exposing any stockholder nos
iaoiiny except as above provided. mar
ARTICLE VIII. ait'