The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-21
CHARTER.

OF NATIONAL PETROLEUM COMPANY.
UNITED STATES OF AMERICA, STATE
CITY OF NEW ORLEANS.
Be IL known, that on this seventh day or
October, in the year OF our Lord, one thou
sand nine hundred and twelve, before me,
Herman Michel, a notary public, duly COM
missoned 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 sub
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, as 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
jects and purposes, and under the stipula-
lions and provisions following, to-wit:
ARTICLE l.
The name and title of this corporation
shall be the National Petroleum Company,
and under that name 1t shall have and en-
JOY all the rights, privileges and advantages
granted by law to corporations, and shall
have the right, power and authority to 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 and
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 as 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.
ARTICLE H.
The domicile Of this corporation shall be
| 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
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 rea
and personal property of every description
| whatsoever, ana generally TO DO every an(
anything not herein specially enumerated
and not inconsistent with the other object!
and purposes herein set forth.
ARTICLE nv.
| The capital stock of this corporation Il
hereby fixed at the sum OF one million Isl,
900, 100000 dollars, divided into, and repre-
sented by, ten thousand (10,000) shares, o.
the par value of one hundred (S100.0O) dol
lars each; said shares of stock shall be Is
sued only at par, and when issued shall b.
paid for In cash or property, or In the equi
valent thereof. All shares of stock shall b
issued as full paid and non-assessable, AM
no transfer Of stock shall be binding on sal,
corporation. unless duly recorded on 1t
books. This corporation shall be a goin
concern as soon as fifty thousand $500
dollars of its capital stock shall have beel
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, :;
board Of directors, to be composed Of 81
(6) stockholders, any three (3l of WHOM
shall constitute a quorum for the transac
ton of the business of this corporation. TIL
number of the board Of directors may
increased to nine 90 by a majority vote o
the stockholders, at any regular meeting, o
at any special meeting called for that pur
pose.
The first board Of directors shall be com
posed Of Fl. ID. Smith, Sr, ii. ID; Smith. Jr
T. W. Curry. r. NJ. Jemison, Ben Wake
Curry and Eldon s. Lazarus. The oficer
of said first board of directors shall be h
D. Smith, ST., president; II. d. Smith, Jr
vice-president, and T. VI. Curry, secretary
| treasurer; and the said board Of directors
and the said officers shall serve and remain
In office until the hrst Monday In October
| 1913, on which day, and annually there
after, the board Of directors shall be electe
BY the stockholders, at a meeting called 70
| that purpose. All directors and officers shall
| hold office until their successors shall hav
been elected and qualified, and any failur