The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-17
CHARTER.

BE IL known. that on tllS seventh Jay Oh
October in the year Of our Lord, one thou
sand nine hundred and twelve, before me,
Herman Michel, a notary public, duly com
missiOncd and qualified in and for the
parish of Orleans. State Of Louisiana, there
in residing, and in the presence of the wit
nesses hereinafter named and undersigned,
personally came and appeared: the several
persons whose names are hereunto SUD
scribed, who severally declared, that avail
ing themselves of the privileges of the laws
and statutes of the state of Louisiana, rel
alive TO the formation of corporations, they
have covenanted and agree, and bind and
Obligate themselves, rs well as all such per
sons as may hereafter become associated
with them, to form and constitute body
corporate and polite in law, for the OBJ
iects and purposes, and under the stlpula-
lions and provisions following, to-wit:
ARTICLE |.
The name and title of this corporation
shall be the National Petroleum Company,
and under that name II shall have and en-
joy all the rights, privileges and advantages
granted by law to corporations, and shall
have the right, power and authority 10 en-
joy succession and corporate existence for
and during the full period of ninety nine
years from this date. unless sooner dis
solved in the manner hereinafter provided
for.
Said corporation shall have the power and
authority to contract to sue and TO be
sued; TO hold, receive. purchase, convey,
deliver, mortgage, hypothecate and pledge
any real or personal property TO make ana
use a corporate seal, and the same TO break,
alter or amend at pleasure; to issue notes
and other obligations, negotiable instru-
ments, or other evidences Of debt; TO have
and employ such managers, agents and other
employees the interest and convenience
of said corporation may require or demand,
and to make and establish such bylaws,
rules and regulations for the corporate man.
agement and control of its affairs as from
time to time may be deemed expedient or
necessary.
h. Of ton Shan haI
in the City of New Orleans, parish OF Or
leans, state Of Louisiana, and all citations
and other legal process shall be served upon
the president, and in his absence upon the
vice-president, and in the absence of both.
upon the secretary treasurer.
ARTICLE III.
The objects and purposes for which this
corporation Is created are hereby declared
TO be, TO bore for oil, petroleum, gas, salt
or any other mineral or earthen products
to establish, build and construct pipe lines
and other means for the transportation of
such products TO the market: to buy. SELL
and otherwise generally deal in said oil, pc
troleum, gas, salt and other mineral pro-
ducts; TO buy, sell, lease, mortgage, hypoth-
ecate, and otherwise acquire or ALLEVIATE real
and personal property of every description
whatsoever, and generally to do every and
anything not herein specially enumerated
and not inconsistent with the other objects
and purposes herein set forth.
ARTICLE ~.
The capital stock OF this corporation Is
hereby fixed at the sum of one million (S1,-
O0O. O000O) dollars, divided into, and repre-
scented by, ten thousand 100000 shares, of
the par value of one hundred (S100.OOl dol
lars each said shares of stock shall be Is
sued only at par, and when issued shall be
paid for In cash or property, or In the equi-
valent thereof. All shares of stock shall be
issued as full paid and worcestershire, and
no transfer of stock shall be binding on said
corporation. unless duly recorded on its
books. This corporation shall be a going
concern as soon as fifty thousand (S50O0OD
dollars of its capital stock shall have been
subscribed and paid for as hereinbefore pro-
vided.
All the powers of this corporation shall
be vested In, and the management and con-
troll Of Its affairs shall be exercised by, a |
board of directors, to be composed of six
90 stockholders. any three (3) of whom
shall constitute quorum for the transac- |
ton OF the business of this corporation. The |
number of the board Of directors may be
increased to nine 90 by majority vote of
the stockholders, at any regular meeting. or |
at any special meeting called for that pur
pose.
The first board of directors shall be COM |
posed of H. ID. Smith, Sr., ii. ID. Smith, Jr., |
7. W. Curry, r. NJ. Jemison, Ben Walker
Curry and Eldon s. Lazarus. The officers
d. Smith. ST., president ii. ID. Smith, Jr.,
vlce-president, and t. ". Curry. secretary
treasurer; and the said board OF directors,
and the said officers shall serve and remain
In office until the first Monday In October,
1913, on which day, and annually there
after, the board of directors shall be elected
that purpose All directors and officers shall
hold Office until their successors shall have
been elected and qualified, and any failure
to elect directors shall not be regarded as
forfeiture Of this charter.
In the election of directors, each stock
holder shall be entitled to one vote for each
share of stock held by him. which must be
cast either In person or by duly authorized
n fha "a NJ
shall elect. Any vacancy occurring in the
board of directors may be filed by the re-
naming directors for the unexpired term.
AT the first meeting of the board of direc-
rs after their election and qualification,
ey shall elect from among their number a
fesident, vice-president and secretary
treasurer.
All meetings of the stockholders shall be ,
called by written notice mailed to the last ,
known address OF each stakeholder not less /
than thirty days before the date fixed for |
such meeting unless said notice has been |
waived in writing by the stockholders
ARTICLE VII. Is
This act OF incorporation NAV be amend ,
ed. modified, changed or altered. or this i
corporation may be dissolved with the as
sent of the stockholders holding and own
Ing three-fourths Of the capital stock there. {
OF. who may be present or represented at a {
general meeting Of the stockholders con-
vened for that purpose, and of which due
notice has been given. IL
tHls COrpOrdtlOu Shall De 0lS-
solved. either by limitation or from any I
other cause, its affairs shall be liquidated
by three 90 commissioners TO be appointed '
for that purpose, at a meeting Of the stock [
holders, said commissioners to be appointed 4
from among the stockholders said commits
sioners shall remain In Office until the az v
airs OF said corporation shall be fully and 3
inally liquidated. Any vacancy occurring a
among the liquidators from any cause what (
oever. shall be filled by the remaining COM t
nissioners.
ARTICLE VIII.
No stakeholder shall ever be liable or re- 4
ponsible for the contracts or faults of this q
In any further sum than the a
npaid balance due by him on the shares of 81
took subscribed to, or owned by, him 7; nor n
hall any mere informality In the organi- Il
alton of this corporation have the effect of Il
endering this charter null, or Of exposing Al
be stockholders to any further liability oil
han the unpaid amount which may be due fC
n his stock subscription.
Thus done and passed in my notarial Of o
lce OF John L. Corcoran and Otto It. Has en-
ikampf, competent witnesses Of lawful age Cs
nd residents Of this city and parish, who he
I've hereunto subscribed their names with tn
e said appearers and me, notary after du
re reading Of the whole.
Original signed: T. W. Curry. z35 81
ares; Ben Walker Curry, by T. w. Curry. J.
shares; r. NJ yemison, by T. W. Curry,I
shares; III. ID. Smith, ST., 10 shares; II. tol
Smith, Jr., 234 shares: Eldon s. Laza-
!, ! share. Witnesses: Jno. J.. Corcoran,I
to T. Hasenkampf. in
ID. MICHEL Not. Pub. Lo
|, the undersigned recorder of mortgages an,
and for the parish of Orleans, state of &c
1isiana, do hereby certify that the above thi