The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18

aug IA 81 % sept IL IS
OF THE BURGLASs OIL & MINERAL
COMPANY.
August Both. 1913.
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known that on this thirtieth day
Of the month of August, in the year one
thousand nine hundred and thirteen (19l3),
before me, Wynne Grey Rogers, a notary
public in and for the parish OF Orleans,
state of Louisiana, duly commissioned and
qualified, and therein residing, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap.
peared the persons whose names are here
unto subscribed, who severally declared that
availing themselves of the laws of the state
of Louisiana in such cases made and pro
vidcd they have agreed and by these pres
ents agree aud form themselves, well as
such other persons as may hereafter become
associated with them, into corporation for
the objects and purposes and under the ar
ticleS and terms following, tO-wit
Article 1.-The name and title Of this cor.
pOra ton shall be the BurglaSS Oil Mineral
Company, under which name 1t shall enjoy
succession for ninetynine years from the
date hereof; TO contract, sue aid be sued :
to make and use a corporate seal; to hold
receive, lease, purchase, sell, convey, mort
gage. affect and hypothecate property, both
real and personal. 10 make all necessary by
laws rules and regulations for the proper
mana cement OF its affairs, and the same TO
alter, amend or repeal at pleasure and in
general to have all the powers that are CON
ferred on corporations organized for the
purposes of the present corporation, and to
do and perform all acts and things requisite
and necessary TO carry out the purposes
OF said corporation.
Article 1.-THE domcile Of this corpor
alton shall be in the city of New Orleans.
state of Louisiana, where citation and other
legal process shall be served on the presi-
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
lness to be carried on By II are hereby de-
clared 10 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 of Louisiana, or
elsewhere; to prospect, mine, drill and bore
for oil, gas, sulphur or other minerals; TO
operate OH aud gas wells or sulphur mines {;
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. reflner.
les, railroads: to acquire by purchase or
otherwise personal property, and to sell
pledge and transfer the same; and generally
to engage in or condlct any business or
enterprise incident TO or growing out of OF
tending TO the advantage or fuller develop
ment of the aforesaid objects and purposes.
Article lN.-The capital stock Of this cor
pOratiOn shall, be fifteen thousand (Sl5,0OUI
dollars, divided into three hundred shares
5000 OF the par value OF fifty (S50.0O) dol
lars each. which shall be paid for in cash
or its equivalent. for property, for labor
performed or services actually rendered.
This corporation shall be a going concern
and authorized to begin business as soon as
five thousand 80 900 OOD dollars of IFS can
tal stock shali have been Subscribed for.
All transfers of stock shall be made by
the owner or his agent duly authorized IN
writing upon the books Of the company ana
upon the production and surrender of 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 IT'S 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
purchase said stock within thirty 900 days
from said notice, the stakeholder Offering
said stock may sell or dispose of same to
any person whatsoever.
Article E.-AH 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
the annual meeting OF the stockholders to
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
business.
The officers Of this corporation shall be
a president, first vice-preSident, 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-
vided.
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 filed
by the remaining members of the board.
The board OF directors shall have power
without reference to the stockholders 10
furaCy hrp 70
pledge all kinds Of property on behalf of
the corporation, and generally to exercise
all power conferred on this board of direc-
tors by these articles OF incorporation.
majority Of votes cast shall elect
AT all meetings each StockhOlder shall
be entitled TO ON vote either in person or
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 corpora ton
within thirty days prior to said meeting.
Until the first annual election or until
their successors are elected and qualified.
the board of directors OF this corpora ton
shall consist Of Abraham Burglass. Edward
II. Walsdorf, W. Z. Flower f. H. Iande and
F. W. Giles, with Abraham Burglass, presi-
dent; f. ii. Walsdorf first vIce-president :
W. 7. Flower, second vIce-president: F. ii.
Lande, treasurer and X. W. Giles, secre-
tary.
Article VI.-This act Of Incorporation may
De changed, altered, or amended, or the
corporation dissolved, by a vote Of two
thirds of the stock present or represented AZ
a general meeting of the stockholders called
Tor that purpose, after ten (10) days notice
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
tormality 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 IN
paid balance due on his stock
Article E1II.-At the expiration OF I, i
eharter, or when this corporation Is uta1r
wise sooner dissolved, its affairs shall be
liquidated by two liquidating commissiu., RS
70 be elected by the stockholders at a meet.
Ing convened for that purpose, after notice
OF said meeting shall have been given as pro.
ylded In Article VI. In the event of tine
OF the liquidating commissioners the re-
naming commissioner shall act as sole III,
qudating commissioner In the event OF
the death or disability, by any cause. OF
both OF said liquidating commissioners. their
successors shan be elected BY the stockhold.
ers at a 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 first above written, in the presence of
Chas. JumOnville and Z. r. Ferrera COM
petent witnesses, who have hereunto signed
their names. together with said appearers,
and me, notary, after reading of the whole
and who declare this to be their stock sub
scriptiOn list.
Original signed: Edw. IL. Walsdorf %
III CHI D.