The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-19

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Sunday Excursions.
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.GTTIETER OF THE BALKAN OIL COM
United STATES OF OF AMERICA. STATE
or LOUISIANA. PARISH OF Or
LEANS. CITY OF NEW ORLEANS;
r. it known. that on this sixteenth day
Of the month of May, in the year one thou-
sand nine hundred and thirteen. before me-
Robert Le-ier notary public. dHIE COM
mi,soncd and qualified In and Tor me par
iSh OF Orleans, state Of louisiana aI"resaid
therein residing and in the presence OF the
witnesses hereinafter named and under
signed personally came and appeared the
persons whose names are hereunto SuOScrlO-
ed who declared that. availing themselves
Of the provisions of the laws Of the state OF
Louisiana in such cases made and provided,
relative 10 the organization Of corporations,
they have cOvenanted and agreed, ana 40,
pv these presents. covenant. agree, bind.
form and constitute themselves, as well as
such other persons as may hereafter join or
become associated with them, into corpora
ton and body polite in law for the objects
and purposes. and under the agreements and
stipulatOnS following, tO-wit:
ARTICLE 1.-The name and style OF this
corporation shall he the BALKAN OIL
COMPANY" and under that name Ii shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
tons IL shall exist for a period Of ninety
nine years from the date hereof: IL shall
have power and authority to contract. sue
and be sued in its corporate name; 10 make
and use a corporate seal, and the same 10
break or alter at pleasure; 10 hold receive,
purchase convey. mortgage, hypothecate
and pledge property, real personal or mix
ed TO issue bonds, notes and other obliga-
lions to have and employ such managers,
directors officers, agents and other employ
ba int
corporation may require or demand: and TO
make and establish such bylaws. rules and
regulations for the corporate management
and control of the business and affairs OF
the corporation as may be deemed necessary
or eXpedent.
ARTICLE 1.-THE domicile OF said cor
poration shall be in the city OF New Or
leans, state of Louisiana. and all citations
and other legal process shall be served on
the president, and in his absence on the vice
president of said corporation. In case Of
| the absence of both of said officers, then
said process shall be served on the secretary
| treasurer.
ARTICLE III-The objects and purposes
| for which this corporation Is organized and
| the nature OF the business to be carried on
| nv Ii are declared to be to buy, SELL lease,
| hire. mortgage or otherwise hypothecate,
ALLEVIATE or cucumber oil, timber and other
lands, and improve the same, in this and
| other states; TO dig and bore or contract for
! the digging and boring of oil. water, ar
tesian and other wells: to build and erect
or contract for the construction and erec-
ton OF derricks; to refine, buy and sell for
| its own account, or for the account OF other,
| OIL petroleum, minerals and all their by
products. In both their crude and refined
states; to buy. sell, lease, hire, mortgage,
erect and construct, or contract for the
| construction and erection OF mills. refner-
les, pipe lines, tenements, water craft, tram
ways, railroads, canals, workshops and me-
| chanical plants, and generally, to do and
engage In anv other business, undertaking
or enterprise connected with, growing out
OF, germane or incidental to any of the OBJ
jects and purposes herenabOye set forth or
contemplated by thi. charter
i ARTICLE IV.-The capital stock OF this
corporation Is hereby fixed at the sum OF
into ten thousand 1O,OOOl shares of the
par value OF one (S1.00) dollar, each, which
shall be paid for In cash on the call of the
board OF directors, or may be issued for not
less than par for property purchased by oil
services actually rendered TO said corpo
ration.
All shares OF stock shall be full paid and
non asseSsable. No transfer of stock shall
he binding upon the corporation unless made
upon its books. and all certificates OF stool
shall be signed by such officers as may bt
designated by the board OF directors.
/ ARTICLE V.-All the corporate powers
OF this company shall be vested in and tn,
management and control of its business and
/. affairs shall be exercised by board of di
rectors to be composed of five stockholders
a majority OF whom shall constitute a quo
rum for the transaction of all business. TIL,
board OF directors shall be elected annually
. by ballot of the stockholders, on the frs
Monday OF July OF each year. Each stock
holder shall be entitled to one vote for eacl
!. share Of stock owned by him, either in per
son or by. written proxy. All election:
l. shall be held under such rules and reguIa
l. lions as may be determined by the board o.
l. directors, but after at least ten days no
l. tice OF such election shall have been giveI
!. TO each stockholder by mail sent to his las
I known address, or by publication In one Of
. the daily newspapers published In the Eng
fish language in the city OF New Orleans
for at least ten days preceding such cleo
ton. The directors thus elected shall con
tinue In office for one year, or until theil
successors shall have been elected and duly
qualified. No failure to elect shall be re
garded as forfeiture of this charter. AM
vacancy occurring on said board Of director!
t shall be filled by the remaining directors FOL
the unexpired term. Said board OF direc
tors shall, at Its first meeting after its cleo
l. ton, elect from among its number a presl
dent, a yice-president, secretary and
treasurer. II may combine the two las
mentioned Offices into one. and may ever
eject secretary who need not be a stock
holder. said board OF directors shall hay,
the right and power to appoint and dismIs
/ such clerks managers and other employee
OF the corporation, including the secretar!
who Is not a stakeholder or director, a
conditions may Justify or the business of tn
D. corporation may require. The tenure of OF
nee of all the employees of the corporation
shall be during the pleasure of the board o
ARTICLE VINO stakeholder shall eve
be held liable or responsible for the con
A tracts, faults or debts of this corporation
nor shall any mere informality in its organ
llZatiOn have the effect OF rendering thi
Icharter null, or OF exposing a stockhoider 4
, any liability beyond the unpaid balance du
on the shares of stock owned BY him.
ARTICLE VlI.-This act OF incorporation
may be changed. modified or altered, or thi
, corporation may be dissolved with the as
- sent of the stockholders owning a majorIt
Of all the stock or the corporation at a ger
, leral meeting convened for that purpose al
l. ter notice shall have been given to eac
stockholder In the manner and form as IRE
scribed In Article OF this act of IncorpC
ration. In case Of the dissolution of thi
J. corporation by the expiration Of this char
!. ter or otherwise, the stockholders shal
!. elect three liquidators from among thel
!. number, who shall have full ROVER and al
thority TO settle the business and affairs q
the company. In case of the death or Ina
bility Of any of said commissioners or Iiuu
dators, the survivor or survivors shall ar
l. point a successor TO him or them.
ARTICLE V1l1.-1mmediately after th
signing OF this charter the stakeholder
shall elect from among their number fiv
: stockholders, who shall constitute the frs
board OF directors and hold ONCE until frs
Monday Of july, 1914, or until their sue
cessors are elected and duly qualified.
This corporation shall become going cor
Germ as soon as three thousand (S3. 600 90
, dollars of Its capital stock shall have bee
, subscribed for
Thus done and passed at nv office In tn
!, city Of New Orleans on the day. month an