The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-07
CHARTER.

OF NATIONAL PETROLEUM COMPANY
UNITED STATES OF AMERICA. STATE
CITY OF NEW ORLEANS.
Be ii 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
missioned 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
tons and provisions following to-wit:
ARTICLE /.
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.
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 mana gers, 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.
The domicile of this corporation shall be
In the City OF New Orleans, parish of Or
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-treasur
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 ISL
OOO, OO0OO) dollars, divided into, and repre-
sented by, ten thousand 10,00O) shares, of
the par value of one hundred (S10O.OO) dol
lars each; said shares Of stock shall be Is
sued only at par, and when issued shall be
40 or In oh ar ~ in Ami
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 $3.50, OO0)
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
shall constitute a quorum for the transac-
ton OF the business of this corporation. The
number of the board Of directors may be
Increased to nine (9) by a 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 II. ID. Smith, Sr., II. ID. Smith, Jr.,
Il. w. curry. TX. NJ. Jemison, Ben Walker
Curry and Eldon s. Lazarus. The officers
of said first board of directors shall be III.
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 remain
In Office until the first Monday In October,
1913, on which day, and annually there
after, the board OF directors shall be elected
by the stockholders, at a meeting called for
that purpose. All directors and officers shall
hold ONCE until their successors shall have
been elected and qualified, and any failure