The herald., 1913-02-20
REAL ESTATE TRANSFERS.
CHARTER.
OF BAssETT GAS 4 OIL conn

BE Il known, that on this l4th day q
February in the year OF our b'rd' one '.ou
sand nine hundred and thirteen, before mt
Ciustaf Il. WeStfcldt, Jr, notary PUBIC
duly commissioned and qualified, In ana 10
the parish Of Orleans and in the preSrnc
of the witnesses hereinafter named and I'm
dprsigned personally came and appeared
the several persons whose names are mere
unto subscribed, VINO S"Ierally ureIar'u
that, awaiting themselves Of the provisions o
the laws Of this state relative TO the organ
ization of CORPORA ions they have CUniractct
and agreed, and do by these presents con
tract agree and bind and Obligate them
selves. as well as all such other persons a
NAV become associated with them, 10 form
themselves into and constitute corpora
ton and body polite In law, for the object
and purposes and under the conditions am
stipuatlOns Of the articles following, to-Wlt
ARTICLE |.
The name and title Of the said corporation
shall be the "BasSett Gas Oil Company,
and under its said corporate name II shal
have power and authority and shall ENJOY
succession for the full term and period 81
ninety-nine (99j years from and after IN,
date hereof; to contract, sue and DE sued
- make and use corporate seal, ana SAINT
To break and alter at pleasure; to purchase
receive lease hold and convey, as well a.
mortgage and hypOthecate under It's cOrpor
ate name, property both real and personal
10 name and appoint such managers ant
directors, officers, and agents rs the interest
and convenience Of said corporation may re
quire, and to make and establish, as well a>
alter and amend at pleasure, such bylaws
rules and regulations for the proper man
agement and regulation of the affairs of said
corporation as NAV he necessary and proper
ARTICLE III.
The dOmicile of the said corporation shall
be at New Orleans, Parish OF Orleans, State
OF Louisiana, and all citations or other Legal
process shall be served upon the president
Of said corporation, or, in case of his alb
sence upon the yice-president or, In the
absence Of bo}h Of these officers, upon the
secretary OF the corpora ion.
ARTICLE III.
The objects and purposes for which this
corporation Is established and the natures OF
the business to be carried on by IL are de
clared and specified to he to purchase. own
hold, sell, mortgage, lease, ALLEVIATE, receive
and otherwise acquire and dispose or real
estate oil and mineral land and oil and min
eral rights and any other interest in lands,
both in Louisiana and elsewhere. To buy,
sell, own, lease or otherwise acquire, and to
operate and maintain as principal or as
agent In this state, or elsewhere, drilling out
fits. machinery, appliances, apparatus and
buildings Of every description used or suita-
BILE for In the extraction OF oil, gas, or
any other minerals from the earth, and for
the housing, preservation, handling, refining
and transportation of the same when so ex
tracted, and particularly storage tanks and
pipe lines. all solely for the uses of its own
business and without power of eminent do
main: to buy, sell or otherwise acquire and
ALLEVIATE, and to establish, export or import
OIL minerals or mineral products OF all kinds
and in connection with said objects to lease
buy. sell, build. or otherwise to acquire, and
TO locate and maintain warehouses sheds
storage tanks, tank cars, dwellings store
houses and repair shops; TO sell merchan
missary, and to conduct hotels, boarding
houses and lodging houses for Its agents anC
employees, and generally TO hold and exercise
all such incidental powers and privileges
not expressly excluded, as relate to the OBJ
jects hereinbefore set forth.
ARTICLE Nv.
The capital stock of the said corporation
Is hereby fixed at six thousand dollars (S6,
000.00l. divided into and represented by ON,
hundred and twenty (12Ot shares OF fift!
dollars (S50.0O) each. The whole of tn
said stock or any part thereof may be issue,
and delivered TO any person, firm or corpor
alton for the requirement of rights, priv
leges, franchises and property purchased an,
acquired by this corporation, also In pay
ment, settlement and adjustment of tn
costs, fees, charges and expenses and com
mission incurred for services rendered II
the formation and organization OF this cor
poration, and In acquiring and bringing abou
the purchase OF the property, rights an,
franchises, aforesaid; also for cash or II
installments of such amounts as the boar,
of directors may determine: also for mer
ehandise received or services actually rem
dered to this company. The board of direc
tors as hereinafter created is especially au
thorized TO dispose Of the stock OF this com
pany in whole or In part, for any and all o
the purposes above stated, as In Its judg
pany shall begin business as soon as thre,
thousand dollars ($3,OOO.OO) of Its stool
shall have been subscribed.
ARTICLE V.
All the powers of this corporation shall IN
vested In and exercised by the board Of dIrec
tors. composed of five (5) stockholders an.
three OF whom shall constitute quorum 70
the transaction OF business The said boar,
OF directors shall be elected annually on tn
last "Wednesday In January OF each wear
The first election 20 be held In the year i91 4
All elections shall be by ballot at the OF
nee or the corporation under the supervision
OF three (3l commissioners to be appointe,
by the board OF directors, and, In the az
senee OF any commissioner, the presiden
snail nave the power to al the place by az
as meetings or stockholders, except for tn
purpose OF liquidation or dissolution, or a
otherwise required by law, ten (10) days
notice shall be given by mailing TO eacl
stakeholder who appears as such upon IN
BOOKS OF the company at his last designate
address or TO the General Delivery at New
orleans, II ne has not designated an addres
an announcement stating the time and tn
place OF the meeting. Each shareholde
snail be entitled to one vote for each sha r
OF stock standing In his name on the book
OF ,ne company; cast In person or by proxy
ana the majority OF the votes cast shat
elect The board Of directors shall have IN
power TO MI all vacancies that NAV occur ol
Ine BOARD. Failure to elect directors on tn
DAY above specified shall not dissolve m
corporation. but the directors then in of,ic
shall remain In ONCE until their succassor
are elected and qualified
due notice or another election shall forth
WIN be gwen. as above provided Such No
lice or election shall be Continued 10 n
given until an election Is held. The hos =,
or directors at the first meeting folloyIn'
IN annual election shall elect from thei
umber president, a vice-president n sac
etary and treasurer. all OF whom shall n
and such other officers as TN
goaru snail deem necessary. The board sbal
nave the power In its discretion TO unIte tw
OF more or the above or other Offices an,
tne same TO confer upon one person. an,
snall nave the power to fix the salaries q
al omcers and OF such other officers as the,
ueem necessary. The board of director
snaII nave the power to make and establisl
as Wei as alter and amend all bylaws. r1,le
and regulations necessary and nroner 20
the support and management OF fbs bnsinas
and afairs of this CORPORATION. NOT incon
sistent with fits charter. '"'0"
The said board shall also have fur no,ro
ana authority TO borrow money through IN,
Presiuent OF some other duly authorized agen
agents 10 execute mortgages and issu,
NOTES, bonds or other obligations In such .
manner and on such terms as In their indc
ment may be advantageous. and genera n,
70 do all the things necessary for tbe mana,
carrying on of the business Of the said 90
poration; as also to issue and deliver mi
pad shares OF stocks and bonds or otha,
obligations OF the said corporation in nav
ment OF the money borrowed or money 10
DOT, services, property or rights actuaIiy 70,
ceiyed by the said corporation. as beretosnrr
ser forth At any meeting of the hoard ~
directors, any director afaenf from, a. - "