The herald., 1913-05-29

I 40 4 m. Folsom, COVlngtOn, AOtta'
Springs, Vaudeville, LacomDe,
Forest Glen, BOgalusa and In
termediate ..''''.'''.'. .Oo =. ~.
CHARTER OF THE BALKAN OIL COM
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF Or
LEANS, CITY OF NEW ORLEANS;
BE IL known. that on this sixteenth day
~ the month Of May in the year one thou
sand nine hundred and thirteen. before me,
Robert Legirr, a notary public, duly COM
missioned and qualihed In ana Tor t tne par
therein residing. and in the presence OF the
witnesses hereinafter named and under
signed. personally came and appeared: inc
persons whose names are hereuntO SuDScrlO-
ed. who declared that, awaiting themselves
OF the provisions Of the laws of the state OF
Louisiana, in such cases made and provided,
relative to the organization of corporations,
they have covenanted and agreed. and do,
by these presents, covenant, agree. bind,
form and constitute themselves, as wei as
such other persons as may hereafter JOIN or
become associated with them, into corpora
tion and body polite in law, for the objects
and purposes. and under the agreements and
stipulatiOns following, tO-wit:
| ARTICLE 1.-The name and style OF this
| CORPORATION shall be the BALKAN OIL
COMPANY" and under that name 1t shall
have and enjoy all the rights, advantages
and privileges granted by law TO corpora
tiOns: il shall exist for a period of ninety
| nine years from the date hereof; Ii shall
have power and authority to contract, sue
| and be sued in It's corporate name TO make
l. and use a corporate SEAL and the same to
break or alter at pleasure to hold, receive
purchase. convey, mortgage, hypothecate
and pledge property, real, personal or mix
ed; to issue bonds, notes and other obliga-
tions: TO have and employ such managers
directors, officers. agents and other employ
ees as the interest and convenience OF said
corporation may require or demand; and TO
make and establish such bylaws. rules and
nlot fnns PnrnOrQfn
and control of the business and affairs OF
the corporation as may be deemed necessary
or eXpedient.
poration shall be in the city OF New Or
leans state Of Louisiana, and all citations
and other legal process shall be served on
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
by 1t are declared to be to buy, SELL lease,
| hire. mortgage or otherwise hypothecate,
| 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 cree
| ton OF derricks; to refine, buy and sell for
| its own account, or for the account of other,
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, rehner-
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 hereinabove set forth or
contemplated by this charter
; ARTICLE IV.-The capital stock Of this
corporation Is hereby fixed at the sum OF
. ten thousand (S1O,O00.00) dollars, divided
into ten thousand 1000O) shares of the
par value of one (S1.0Ol dollar, each, which
shall be paid for In cash on the call of the
board OF directors, or may be issued for moi
less than par for property purchased by oil
services actually rendered to said corpo
ration.
. All shares Of stock shall be full paid ant
non -assessable. No transfer OF stock shall
be binding upon the corporation unless mad,
upon its books, and all certificates OF stool
shall be signed by such officers as may b
: designated by the board of directors
ARTICLE V.-All the corporate power
: of this company shall be vested In and tn
management and control of its business ant
!. affairs shall be exercised by a board OF di
rectors to be composed OF five stockholders
a majority OF whom shall constitute quo
rum for the transaction of all business. Tn
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
/. shall be held under such rules and regula
/. tons as may be determined by the board o
/. directors, but after at least ten days no
/. tice Of such election shall have been givel
l. to each stakeholder by mail sent to his las
= known address. or by publication in one o
:. the daily newspapers published In the Eng
fish language In the city OF New Orleans
for at least ten days preceding such cleo
tiOn. The directors thus elected shall con
tlnue In Office for one year, or until thei
, successors shall have been elected and dul.
!, qualified. No failure to elect shall be re
'' garded as forfeiture of this charter. An,
Vacancy occurring on said board OF director
l. shall be filled by the remaining directors 70
he uneXpired term. Said board OF direc
tors shall, at its first meeting after It's cleo
!. tion, elect from among its number a presi
dent vice-president, a secretary and
treasurer 1t may combine the two las
mentioned Offices into one. and may evel
elect a secretary who need not be stock
holder. Said board OF directors shall hav
the right and power 10 appoint and dsmiS
D. 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
4 corporation may require. The tenure OF OF
nee OF all the employees OF the corporation
shall be during the pleasure OF the board o
, directors.
L. ARTICLE Who stockholder shall eve
be held liable or responsible for the con
L. nor shall any mere informality in its organ
izatlon have the effect OF rendering thi
charter null, or OF exposing a stockholder I
lany liability beyond the unpaid balance du
L. on the shares of stock owned BY him.
ARTICLE VII.-This act OF incorporate
may be changed, modified or altered or thi
corporation may be dissolved with the a.
j. sent OF the stockholders owning a majorit
OF all the stock Of the corporation at a ger
Ieral meeting convened for that purpose al
D. ter notice shall have been given to eac
stakeholder In the manner and form as prt
lscrtbed in Article V OF this act Of incorpc
ration. In case Of the dissolution of thI
!. corporation by the expiration OF this char
!. ter or otherwise. the stockholders sha
l. elect three liqudators from among thei
/, number. who shall have full power and al
thorfty TO settle the business and affairs @
the company. In case OF the death or ins
Ibility of any OF said commissioners or lilu
datorS, the survivor or survivors shall ar
point a successor to him or them.
ARTICLE VIII.-Immediately after th
Isigning 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 a 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 my Office In tn
city OF New Orleans on the day, month an