New Iberia enterprise and independent observer., 1913-04-12
CHARTER
Ehrick Oil Company

Be it known that on this 81 day G
April. before me, Ventress J. Smith,
Notary Public, duly commissioned an
qualified. in and foI the Parish of lbelia
State of Louisiana, and in the presenc
of the undersigned competent witnesses
personally came and appeared the severs
persons whose names are hereunto sub
scribed, who declare that they desire t
avail themselves of the laws of the ST at
of Louisiana relative to the o ganjzatio
of rpOratinns, that they do by thes
presents bind, covenant and agree an
form themselves into corporation au
body polite in law, together with al
persons who may hereafter become as
sociated with them, and to acquire tn
rights, powers and p,ivil, ges of bod
corporate, they do hereby form tn, IN
selves into corpora ion under the nam
ard style, and for the purposes her in
after set forth.
ARTICLEI.
The name and title Of this corpOratio,
shall be the EHRlCK OIL COMPANY, an,
its domicile is hereby establish d at N.
iberia, Parish OF Iberia Stat. of Loui,
iahh uhh Cof loidtt uhuS sul
shall have the power a
authority to contract, sue and be sund
to make and use corporate seal an
the same to break and alter at pleasure
t" hold, receive, purchase, mortgage o
convey under its corporate name proprrt
both real and personal, to name aud ap
point such officers, directors, agents an,
managers or employees as the interest O
of said corpOr alton may re
quire. to make and establish bylaws, rules
and regulations for the proper manage
ment and regulation of its affairs as ma,
be deemed cessary and proper, and tn
same to change and alter at pleasure, ant
to do all other acts and things permitted
by law or may be necessary and prope
to carry out the objects and purposes o
this corporation.
Said Corporation unless sooner dis
solved eha.l exist for a period of thirty
years from date.
The President, or in his absence, tn,
Secretary, shall be the proper person up
on whom citation or other legal process
shall be served.
ARTICLE II.
The objects and purposes fol
which this corporation is organic
ed, and the nature of the business
TO be to engage in the business of drilling
upon or otherwise exploring such land.
rs it may acquire in full or part owner
ship. or may lease, or to which it may
acquire any rights whatever for the pur
pose of discovering oil, gas OF minerals
and the same TO explore for commercial
purposes. To undertake all works ant
make all contracts to that end that ma,
be necessary; and to sell or otherwise
dispose of such products as it may brins
forth, and to do all things that may be ne
cessary to facilitate the drilling. ex
plotting, the sale, storing and delivery
thereof; and in 6ne, to do all thirRs ne
cessary or conducive to the benefit o
said corporation,
ARTICLE
The capital stock shall be twenty fv'
thousand dollars divided into five hundred
shares of the par value Of fifty dollar
each, which stock shall be paid for in casl
at the time Of its subsoriptio'i or its is
suaDee at not less than par. Stock MAJ
be issued in exchange for property o
rights actually received or purchased b,
he corporation, or other such valuable
or services rendered a,
may be determined by the Board o
Directors, provided the value of the stool
so issned shall be equal to the considera
lion thereof; and provided that no stoel
shall issne until the consideration thereo
shall have been received by said corpora
lion.
No stockholder shall sell his stock unit
fifteen days prior notice of his intention
to sell il given to the Company, and tn
ldsrs shall have the first privilege o
the same. No transfer shal
be made without the proper entry thereo
on the stock books of said company.
This corporation shall commence doiD
business as soon as thre ethousand dollar
OF the capital stock shall have been sub
scribed and paid for. The Directo,
shall have the right to determine hoy
much additional stock shall be iss ned
ARTICLE Nv.
The Board of Directors shall have pow
or to fill vacancies in their number, caui
ed by death. resignation or Otherwise
from among the stockholders of the COZ
poratio ion. The said Board shall have fu
control Of the property Of this company
and shall so conduct, manage and use tn
same as in their discretion they deem nee
essary aud that is consistent with the OF
jects aud welfare Of the company.
may adopt such rules and regulations a
A. N.:. IS ko M
quire, employ such laborers, clerks @
other agents as may appear desirable; I
fix and determine the salary OF oficel
and other employees.
ARTICLE V.
The corporate powers OF this Go. shal
be vested in and exercised by . Board I
Five Directors, three OF whom shall col
stitute a quorum for the transaction I
business. There shall be elected fro
the Board of Directors President, q Vie
Pres dent, and a Secretary Treasure
The Board OF Directors shall be electe
on the frat Monday april Of each yea
Until the election to be held In l9l
the following persons shall constitute Il
first Board OF Directors, J. 8. Suttle, d
Paul N. Cyr. II. c. Tayl lor. J. J. Smi'
and A. d. Moresi; OF whom j.
Suttle shall be President, DR.. Paul
Cyr, Vice President, and J. J. Smith Sc
retary Treasurer.
At every election and meeting of Il
stockholders, each stakeholder shall
entitled to one vote for each share OF sto.
owned by him and vote by proxy.
ARTICLE vi.
This Charter may be changed or amen
ed, or the corporation dissolved, at q ge
eral meeting of the stockholders conven,
Tor that purpose. with the assent Of thrs
fourths of the entire stock issued, wheth
present or represented at such meetin
Thirty days prior notice OF such meeti,
shall be given in Q newspaper publish,
in this city, Notice shall be given in wri
ing In case Of the dissolution OF tn
eorpsrotion the liquidation OF its affai
shall be conducted by three Commiss,o
ere, selected from among the stoc kholde
at a meeting called for that purpose,
is herein provided; said Commissions
shall remain in Office until final liquid
ton and in the event of the death or in
bility Of any one Commissioner to act,
successor shall be chosen by the renal
ing two commissioners.
ARTICLE VII.
No stockholder of this corporation shs
be liable for the contracts or faults thsr
of in any further sum than the unpa
balance due the Company on the shares
stock subscribed for or owned by hir
nor shall any informality in osganiza'i'
have the effect OF rendering this Chart
null or of exposing . atockholder to al
liability beyond the unpaid balance tn