The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11


State OF Louisiana. Parish OF OrledhS' '''
OF New Orleans.
BE il known that on this thlrtleth uas
of the month Of August, in the year ' one
thousand nine hundred and thirteen (Ioi11'
before me- Wynne Grey Rogers, hoIdIs
public In and for the parish or orleans;
State of Louisiana, duly commissioner ana
qualified. and therein residing, ana IN lh5
presence of the witnesses hereinafter haHLru
and undersigned, personally came ana APP
pearcd the persons whose names are hTIt
unto subscribed, who scverally declared Ihdl
Availing themselves Of the laws OF the sudte
Of JouIsigna in such cases made and pro
yided they have agreed and by these pres
ents agree aud form themselves, a- Wen as
such other persons as may hereaItea fr
associated with them, into corporation LOT
the objects and purposes and under the ar
ticles and terms following, to-wit
Article THE name ana ute on t HiS COT
pOratI shall be the Burglass OIL X Mineral
Company, under which name II shall enjoy
succession for ninety-nine years from the
date hereof; to contract, sue &nd be sueI
10 make and use a corporate seal 10 hoIu'
receive lease. purchase, SELL convey, mort
gage affect and hypOthecate property, Doth
real and personal, TO make all necessary by
laws rules and regulations for the proper
mana cement OF its affairs, and the same 10
alter amend or repeal at pleasure and In
general TO have all the powers that are con
ferred on corporations organlzed fOr t9e
purposes of the present corporation, ana 10
do aud perform all acts and things requisite
and necessary to carry out the purposes
Of said corporation.
alton shall be in the city Of New Orleans,
state of Louisiana, where citation and other
legal process shall be served on the presl-
dent, or in default OF these on the Sec
rotary. - .
Article III-The objects and purposes Of
this corporation and the nature OF the bus
mess TO be carried on by IL are hereDy ue-
clared to be as follows:
To own, acquire, buy, sell, exchange, lease.
donate, mortgage, hypothecate, improve and
develop real estate and the products OF SAID
real estate In the state or Louisiana, OF
elsewhere; TO prospect, mine, drill and bore
for oil, gas sulphur, or other minerals TO
operate On aud gas wells or sulphur mines I;
10 manufacture refine, buy and sell petro-
leum and other oil products and by-pro-
ducts TO lease, maintain and operate ware
houses. pipe lines, pumping plants, rehner'
les railroads; 10 acquire by purchase or
otherwise personal property, and to sell,
pledge and transfer the same and generally
10 engage in or conduct any business or
enterprise Incident TO or growing out OF or
tending to the advantage or fuller develop
ment of the aforesaid objects and purposes.
Article lV.-The capital stock of this cor
poratiOn shall, be fifteen thousand (Sl3;ooul
dollars divided into three hundred shares
(3OO) OF the par value of fifty (S0OOO) dol
lars each, which shall be paid for in cash
or it's equivalent, for property, for labor
performed or services actually rendered.
This corporation shall be going concern
and authorized to begin business as soon as
five thousand (S5.0O0.OO) dollars OF Its cap
All transfers of stock shall be made by
the owner or his agent duly authorized In
writing upon the books of the company and
upon the production and surrender or the
certificate of stock.
No stakeholder shall sell or dispose OF
his stock without having offered the same
for sale in writing to the corporation,
through Its board OF directors who shall
have the first opportunity TO purchase same
at the market value thereof, and should
the said board Of directors fail or refuse TO
so Of mol wit la We
!. from said notice, the stakeholder Offering
N said stock may sell or dispose of same 10
any person whatsoever.
Article V.-All the corporate powers of
this corporation shall be vested in and eX-
ercised by board Of directors, consisting
OF five stockholders, who shall be elected by
be held on the third Monday of August of
each year.
A majority Of the board Of directors shall
constitute quorum for the transaction of
The officers Of this corporation shall be
a president first vice-presldent, second vice
president, secretary and the treasurer. They
shall be elected annually by the board OF
directors, and shall, therefore, constitute the
said board of directors as hereinabove pro-
yided.
All directors and officers shall be elected
for the term Of one year, but shall hold their
respective Offices until their successors are
elected and qualified.
Any vacancy In the board of directors or
officers from whatever cause shall be filled
by the remaining members OF the Loard.
The board of directors shall have power
without reference to the stockholders to
buy, sell, lease, mortgage, hypOthecate and
pledge all kinds of property on behalf OF
the corporation, and generally TO exercise
all power conferred on this board OF dlrec-
tors by these articles of Incorporation.
All elections shall be by ballot and the
majority OF votes cast shall elect.
At all meetings each stakeholder shall
be entitled to one vote either In person or
by written proxy for each share of stock
standing In his name on the books of the
corporation; provided, that no stock shall
be voted at any meeting which has been
transferred on the books OF the corporation
within thirty days prior to said meeting.
Until the first annual election or until
their successors are elected and qualified
the board or directors OF this corpora tion
shall consist OF Abraham Burgass, Edward
II. Walsdorf, w. L. Flower, F. H. Iande and
I. W. Giles, with Abraham Burglass. presi,
dent; f. III. Walsdorf, first vIce-president
w. p. Flower, second vIce-president; F. H
tary.
Article vI.-This act of Incorporation may
be changed, altered. or amended, or the
corporation dissolved, by a vote of two
thirds OF the stock present or represented al
general meeting OF the stockholders called
of said meeting shall have been given by
advertisement In one of the daily newspa.
pers published in the city OF New Orleans.
Article Vino stakeholder shall ever
be held liable or responsible for the con-
tracts or faults of the corporation in any
further sum than the unpaid balance due
on the shares Of stock owned by him or for
which he has subscribed nor shall any in
formality In organization or the failure 10
hold meetings or to elect officers or dIrec.
tors, at any time, have the effect of render
Ing this charter null, or OF exposing any
stakeholder to any liability beyond the I'M
paid balance due on his stock
Article V11I-At the expiration of this
charter, or when this corporation is other
wise sooner dissolved its affairs shall be
liquidated by two llquidating commissioners
TO be elected by the stockholders at a meet
ing convened for that purpose after notice
or said meeting shall have been given as pro-
yided In Article vi. In the event OF the
death or disability, for any cause, of one
or the liquidating commissioners. the re-
naming commissioner shall act as sole II.
quldating commissioner. In the event OF
the death or disability by any cause, Of
both of said liquidating commissioners. their
successors shall be elected by the stockhold-
ers at general meeting to be convened as
hereinabove provided.
Thus done and passed In my Office in the
city OF New Orleans, on the day, month and
year nrst above written, IN the presence of
Chas. Jumonville and p r. Ferrera. com
petent witnesses, who have hereunto signed
their names, together with said appea rers.
Of