The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-15
ARTICLE /.

The name and title Of said corporation
| shall be THE RITA OIL & DEVELOPMENT
| COMPANY, and under Its said corporate
| name 1t shall have power and authority and
| shall enjoy succession for the full term and
period of ninety nine years from and after
| date hereof; to contract, sue and be sued, 10
| make and use a corporate seal, and same
| to break and alter at pleasure; to purchase,
| receive, lease, hold and convey, as well as
mortgage and hypothecate under Its cor
porate name, property both real and per-
sonal; to name and appoint such managers
and directors, officers and agents as the
| interest and convenience of said corpora
ton may require, and to make and estab-
| lish, as well as alter and amend at pleas
ure, such bylaws, rules and regulations for
the proper management and regulation OF
the affairs of said corporation as may be
| necessary and proper.
ARTICLE II.
The domicile of said corporation shall be
at New Orleans, Parish Of Orleans, State
of Louisiana, and all citations or other le-
gal process shall be served upon the presl-
dent Of said corporation, or in case of his
absence Of both Of those officers, upon the
secretary of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is established and the nature
of the business to be carried on by IL are
declared and specified to be to purchase,
own, hold, sell, mortgage, lease, ALLEVIATE,
receive and otherwise acquire and dispose
of real estate, oil and mineral land, and
oil and mineral rights and any other inter
est in lands, both In Louisiana ana else
where to buy, sell, own, lease, or other
wise acquire, and to operate and maintain
as principal or as agent, in this state or
elsewhere, drilling outfits, machinery, appli
ances, apparatus and buildings OF every ae -
extraction of oil or any other minerals from
the earth, and for the housing, preserva-
ton, handling, refining and transportation
Of same when so extracted, ana Partleu-
larly storage tanks and pipe lines, all sole.
ly for the uses Of its own business and
without power of eminent domain; to buy,
sell, or otherwise acquire and ALLEVIATE, and
to establish, export or import OIL, miner
connection with said objects to lease, buy,
sell, build, or otherwise to acquire, and to
locate and maintain warehouses, sheds, stor-
age tanks, tank cars, dwellings, store
houses and repair shops; to sell merchan-
disc and carry on a general store and com
missary and to conduct hotels, boarding
houses and lodging houses for Its agents and
employees, and generally to hold and e1-
ileges not expressly excluded, as relate to
the objects hereinbefore set forth.
ATICLE w.
The capital stock of said corporation is
hereby fixed at forty-fve thousand dollars
(s45. 600. OO), divided into and represented
by nine hundred (900) shares at fifty dol
lars IS5O'OO) each. The whole Of said
stock or any part thereof may be Issued and
delivered to any person, firm or corporation
for the requirement OF the rights, privi-
thereof. now owned or controlled by the
Rita Oil Development Company (unincor-
porated), or to any other person or corpor-
alton. for property, rights, franchises etc,
purchased and acquired by this corporation ;
ment Of the costs, fees, charges and ex-
penses and commissions incurred for ser
vices rendered In the formation and organ
ization Of this corporation, and In acqulr-
inc and bringing about the purchase of the
property rights and franchises aforesaid
also for cash or in installments OF such
amounts as the board of directors may de-
termine; also for merchandise received or
services actually rendered to this company.
The board Of directors hereinafter created
Is especially authorized to dispose OF the
stock of this company In whole or In part,
for any and all OF the purposes above
stated, as In its judgment may seem fair
and proper.
All the powers Of this corporation shall
be vested In and exercised by a board of
five (5) directors, each of whom shall hold
In his own name at least two shares of
stock Said board Of directors shall be elect
ed annually on the first legal day Of 0cto-
Der of each year, the first election to be
held in the year 1911. All such elections
shall be, by ballot, at the Office Of the cor
poration, under the supervision Of three
commissioners to be appointed by the board
of directors, and in the absence Of any COM
missioner the president shall have power
to fill the place by appointment, and Of all
such elections, as well as Of all meetings
of stockholders, except for the purpose Of
| liquidation or dissolution, or as otherwise
given by mailing to each stockholder who
appears as such on the books of this COM
pany. at his last designated address, or at