The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-31
CHARTER.

OF NATIONAL PETROLEUM COMPANY.
UNITED STATES OF AMERICA, STATE vi
CITY OF NEW ORLEANS.
Be il known, that on this seventh day OF
October, in the year OF our Lord, one thou
sand nine hundred and twelve, before me,
Herman Michel, a notary public, duly com
mlssiOned 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 a 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 authopty 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.
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 OF
necessary.
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 tho
| vice-president and in the absence of both
upon the secretary-treasurer.
ARTICLE Ill
The objects and purposes for which thi:
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 rea
and personal property OF every description
| whatsoever, and generally to do every ant
anything not herein specially enumerated
| and not inconsistent with the other objects
and purposes herein set forth.
| ARTICLE nv.
| The capital stock of this corporation i
hereby fixed at the sum of one million Isl,
900, O00.00) dollars, divided into, and repre-
sented by, ten thousand 100000 shares, o
the par value OF one hundred ($100OO) dol
lars each said shares of stock shall be Is
sued only at par, and when issued shall b
t. Oh ~ n, Aha a.t,i
valent thereof. All shares OF stock shall b
issued as full paid and worcestershire, an
no transfer of stock shall be binding on sal
corporation, unless duly recorded on II
books. This corporation shall be a goin
concern as soon as fifty thousand (s50,OO0
dollars of its capital stock shall have bee
subscribed and paid for as hereinbefore Pre-
vided.
All the powers Of this corporation shal
be vested in, and the management and con
| troll Of its affairs shall be exercised by,
board of directors, to be composed of 81
t6) stockholders, any three 90 Of WHOM
shall constitute quorum for the transaC
tion OF the business of this corporation. Tn
number of the board Of directors may b
increased TO nine (9) by a majority vote o
the stockholders, at any regular meeting. o
at any special meeting called for that pul
pose.
The first board OF directors shall be CON
posed Of III. ID. Smith, Sr., III. ID. Smith, Jr
Il. w. Curry, r. VI. Jemison, Ben Wake
Curry and Eldon S. Lazarus. The officer
of said first board of directors shall be II
d. Smith, ST., president; III. d. Smith, Jr
vice president, and T. W. Curry, secretary
treasurer; and the said board of directors
| and the said officers shall serve and renal
In Office until the first 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 shal
hold Office until their successors shall hav
been elected and qualified, and any failur