The herald., 1913-06-05
OF THE BALKAN OIL COM
PANN.
UNITED STATES OF AMERICA, STATE
or LOUISIANA IAKlSi OF Or

UNITED STATES OF AMERICA, STATE III
or LOUISIANA, rARlSH Or OK
| BE il known. that on this sixteenth day
of the month of May. in the year one thou
sand nine hundred and thirteen, before me,
Robert Legier, notary public, duly COM
missionpd and qualified in and for the par
| ish Of Orleans, state of Louisiana, Aforesaid,
therein residing. and in the presence or the
witnesses hereinafter named and under
| signed, personally came and appeared: the
persons whose names are hereuntO SuDScrlO-
| ed who declared that ayailing themselves
| OF the provisions of the laws OF the state OF
I Louisiana, in such cases made and provided,
relative to the organization Of corporations,
| they have cOvenanted and agreed, and 10,
| by these presents, covenant, agree, Dlnd,
| 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 OOJects
and purposes, and under the agreements and
lStiDuatiOnS following. tO-wit:
! ARTICLE 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: It shall exist for a period of ninety
nine years from the date hereof; 1t shall
have power and authority to contract, sue
| and be sued in its corporate name 10 make
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
1
| tiOns: to have and employ such managers,
directors, officers, agents and other employ
ees as the interest and convenience or said
corporation NAV 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
| ARTICLE 1.-THE domicie of said cor
pOration shall he in the city OF New Or
leans, state OF Louisiana, and all citations
AIAw hal hn 8A1 On
| the president, and in his absence on the vice
president OF said corporation. In case OF
| the 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 be carried on
| by ii are declared to be: to buy. sell. lease.
| 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
tesan and other wells to build and erect
or contract for the construction and cree
ton OF derricks; to refine, buy and sell for
it's 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,
erect and construct, or contract for the
construction and erection OF mills, refiner-
les, pipe lines, tenementS, water craft, tram
ways, railroads, canals, workshops and me-
cnantcal 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 berelnabove set forth or
contemplated by this charter.
: ARTICLE IV.-The capital stock OF this
corporation is hereby fixed at the sum OF
4. ten thousand ($1O,000.O0) dollars, divided
into ten thousand (1OOOO) shares of the
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.
J. All shares of stock shall be full paid anC
. On-assessable. No transfer of stock shall
|. upon its books, and all certificates OF stool
l. shall be signed by such officers as may b.
: designated by the board OF directors
/. ARTICLE V.-An the corporate power
of this company shall be vested In and tn
management and control Of its business an,
!. affairs shall be exercised by board of di
rectors to be composed of five stockholders
q. a majority OF whom shall constitute a quo
rum for the transaction of all business Tn
board Of directors shall be elected annually
J. 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
D. shall be held under such rules and regula
q. tons as may be determined by the board o
D. directors, but after at least ten days no
q. tice of such election shall have been givel
q. to each stakeholder by mail sent to his las
II known address, or by publication in one o
r 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
tinue In office for one year. or until thei
n successors shall have been elected and dull,
4 qua lined. No failure to elect shall be re
" garded as a forfeiture of this charter. An
n vacancy occurring on said board Of director
" shall be filled by the remaining directors 70
the uneXpired term. Said board OF dIrec
tors shall, at its first meeting after its cleo
>. ton, elect from among Its number a presi
dent, vice-president, secretary and |
treasurer. II may combine the two las
elect secretary who need not be a stock
holder. Said board Of directors shall hay
the right and power to appoint and dismis
0. 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
corporation may require. The tenure of OF
nee or all the employees of the corporation
snail be during the pleasure Of the board o
ARTICLE VINO stakeholder shall eve
De neld liable or responsible for the con
a tracts, faults or debts Of this corporation
nor snail any mere informality In its organ
lZatlon nave the effect of rendering thl
charter null, or OF exposing a stakeholder b
, any liability beyond the unpaid balance du
on the shares OF stock owned by him.
AKIlCLE ViL-This act Of Incorporation
may be changed, modified or altered, or thi
, corporation may be dissolved with the as
u sent OF the stockholders owning a ma iorlt-
or all the stock Of the corporation at a gen
, eral meeting convened for that purpose al
ter notice shall have been given to eacl
stakeholder in the manner and form as pre
scrtbed In Article V of this act of incorpo
ration. In case Of the dissolution of thi
J. corporation by the expiration of this char
]. Ter or otherwise, the stockholders shal
/. elect three liouidators from amnny +hoI