The herald., 1913-06-12
CHARTER or THE BALKAN OIL COM
pANY.
United STATES OF AMERICA, STATE
or LOUISIANA, pARlSH OF OK

IrUAETEE or THE BALKAN OIL COM
United STATES OF 6f; AMERICA, STATE
or LOUISIANA, PARISH or Or
! LEANS. CITY OF NEW ORLEANS:
| Be- 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, a notary public, duly COM
misSIoned and qualified In and for the par
| therein residing and in the presence OF the
witnesses hereinafter named and under
signed personally came and appeared me
| persons whose names are hcreunto suDSCrlD-
| ed who declared that, availing themselves
| OF the provisions of the laws of the state or
/ Louisiana in such cases made and provided,
relative 10 the organization or corporations,
they have COvenanted and agreed, ana 90,
Iby 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
tion and body polite in law, for the objects
and purposes and under the agreements and
| stipulations following, to-wit
ARTICLE THE name and style OF this
| COMPANY" and under that name it shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
lions it shall exist for a period Of ninety
nine years from the date hereof; II shall
have power and authority to contract. sue
and he sued in its corporate name; TO make
and use n corporate seal, and the same 70
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-
lions: 10 have and employ such managers,
. directors, officers, agents and other employ
ees as the interest and convenience or said
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.
i 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
tho absence OF both OF said officers, then
said process shall be served on the secretary
ARTICLE III-The objects and purposes
for which this corporation Is organized and
the nature of the business to he carried on
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,
construction and erection OF mills refiner-
les. pipe lines, tenements, water craft, tram
ways, railroads, canals, workshops and me-
engage in anv other business, undertaking
/ or enterprise connected with, growing out
l. of, germane or incidental to any OF the OBJ
L 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.OOO.OOl dollars, divided
into ten thousand 100000 shares OF the
l. par value OF one ($1.00) dollar each, which
l. 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 or
services actually rendered TO said corpo-
ration.
/. All shares of stock shall be full paid and
l. worcestershire. No transfer OF stock shall
/. be binding upon the corporation unless made
!. upon Its books, and all certificates of stock
!. shall be signed by such officers may be
: designated by the board Of directors.
, ARTICLE V.--All the corporate powers
of this company shall be vested in and the
management and control OF It's business anC
d. 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. Tn,
board Of directors shall be elected annually
q. 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
0. share of stock owned by him, either In per
son or by written proxy. All elections
n. shall be held under such rules and regula
u. lions as may be determined by the board o
n. directors, but after at least ten days no
n. 10 each stakeholder by mail sent to his las
A. known address, or by publication in one o
r the daily newspapers published In the Eng
I llsh language In the city OF New Orleans
for at least ten days preceding such elec
ton. The directors thus elected shall con
tinue in office for one year, or until thei
n successors shall have been elected and dull!
n qualified. No failure to elect shall be re
Ne garded as a forfeiture of this charter An.
N vacancy occurring on said board OF directors
1 shall be filled by the remaining directors 70
nj rnh Col - NJ.
tors shall, at its first meeting after its cleo
n. ton, elect from among Its number a presi
dent, a vice-presdent, a secretary and
treasurer. 1t may combine the two las
mentioned offices into one, and NAV ever
elect secretary who need not be a stock
holder. Said board OF directors shall hav,
the right and power TO appoint and dismis,
H. such clerks, managers and other employee!
or the corporation, including the secretar,
who Is not a stakeholder or director a,
conditions may Justify or the business of tn,
n corporation may require. The tenure OF Of
flee OF all the employees of the Corporation
!, directors. "
L ARTICLE Who stakeholder shall eve,
be held liable or responsible for the con.
n tracts, faults or debts OF this corporation
- nor shall any mere informality In its organ.
cation have the effect OF rendering this
charter NULL or Of exposing a stakeholder to
, any liability beyond the unpaid balance due
u on the shares of stock owned BY him.
ARTICLE NI1-ThiS act of incorpora ton
may W t'duEeu, UlO0l1eu or altered, this
corporation may be dissolved with the as
q sent or the stockholders owning a majority
iof all the stock OF the corporation at \ ren.
leral meeting convened for that purpose a
l. ter notice SHAH have been given 10 each
Stockholder in the manner and form as IRE.
lscrihed In Article V Of this act OF incorpo-
ration. IN case Of the dissolution OF this
D. corporation by the expiration " this char.
.. ter or otherwise, the stockholders shall
!. elect three liquldators from among their
!. number who shall have full power and au.
thority TO settle the business and affairs Of
the company. In case OF the death or ina.
lpility OF any OF said commissioners or liGuI.
dators, the survivor or survivors shall az.
/, point successor to him or them
ARTICLE NllI-Immediately after the
signing OF this charter the stakeholder.
shall elect from among their number five
+ stockholders, who shall constitute the first
board OF directors and hold ONCE until first
, Monday Of July, 1914, or until their sue
cessors are elected and duly qualified
This corporation shall become a going con.
Germ as soon as three thousand (s3, 900 OO)
, dollars OF Its capital stock shall have beer
, subscribed for.
Thus done and passed at my ONCE In the
! city Of New Orleans. on the day, month and