The herald., 1912-09-12
CHARTER.

OF BAYOU CANE OIL COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be 1t known, that on this 22nd day of
August, in the year Of our Lord, one .hou-
sand nine hundred and twelve, befort me,
Herman Michel, a notary public, duly COM
missicned 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, rela-
tive to the formation of corporations, and
particularly of act No. IS of the session of
the General Assembly of the State Of Lou
islana of 1904, they have covenanted and
agreed, and by these presents do covenant
and agree, and bind and obligate themselves
as well as all such persons as may hereafter
become associated with them, to form and
constitute a body corporate and polite In
law, for the objects and purposes and under
the stipulations and provisions following to-
wit:
The name and title of this corporation
shall be the Bayou Cane Oil Company, and
under that name 1t shall have and enjoy
all the rights, privileges and advantages
have the right, power and authority to en-
joy succession and corporate existence for
and during the full period of ninety-ni
years from this date, unless sooner dissolved
In the manner hereinafter provided for.
Said corporation shall have the power and
authority to contract; to sue and to be
sued to make and use corporate seal and
the same to break, alter or amend at pleas
liver, mortgage, hypothecate, and pledge any
real or personal property, and to issue notes
and other obligations, negotiable instru-
ments, or other evidences of debt; to have
ot,ah 70 nd n h
er 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 man,
time to time may be deemed expedint or
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 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, petro-
leum, gas, salt and other mineral products:
to buy, sell, lease, mortgage, hypothecate,
and otherwise acquire or ALLEVIATE real and
personal property Of every description what
soever, and generally to do every and any
thing not herein specially enumerate 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 fifty thousand
1850. 900 OO) dollars divided into, and rep
resented by five thousand $4,000 shares OF
the par value OF ten Ssi1.1O) dollars eacn
par, and when issued shall be paid for In
cash or property, or In the equivalent there
Of. All shares of stock shall be issued as
full paid and worcestershire, and no trans
fer of said stock shall be binding on said
corporation unless recorded on Its books.
No holder of stock In this corporation
shall sell his stock to any person until he
OF said corporation at its then book value,
and II shall be optional for this corporation
to refuse to recognize any transfer Of stock
made In violation Of this provision.
This corporation shall be a going con-
Germ as soon as three thousand (s3,000.00)
dollars Of Its capital stock shall have been
subscribed and paid for as heerinaboye 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 nye
stockholders, any three OF whom shall con-
stitute quorum for the transaction OF the
business Of this corporation.
The first hoard OF directors shall be COM
posed Of ]. p. Landry. e. p. Brady, o. w.
Crawford, c. NJ. Eiseman and Albert Phenis.
The officers of said first board OF directors
shall be J. p. Landry, president b. I.
Rradv. yice-president, and C. W. Eiseman,
secretary treasurer and the said board OF
directors and said officers shall serve and
remain in Office until the first Monday IN
September, 1913, on which day. and an hlii
be elected by the stockholders at meeting
called for that purpose. All directors and
oficers shall hold Office until their success
sors are elected and qualified, and any ran,
ure to elect directors shall not DC regarued
as a forfeiture Of this charter.
In the election Of directors, each stock