The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-31

! term and period of ninety-nine years iron
| and after the date hereof: to contract. 81
| and be sued: to make and use a cOrpOrat
| seal, and the same TO alter and break a
| pleasure; TO hold. receive, purchase. hypOth
ccate, convey, sell, lease or pledge. real an,
| personal property ; to issue negotiable bond
| and notes, or other evidence of debt: I,
| name and appoint such managers agents. iii
| rectOrS and officers. as its business, Interest
| and convenience may require: and 10 max,
| and establish, as well as alter and amend
| from time TO time, such bylaws, rules anC
regulations for the proper government Of tn,
AFFAIRS OF this corporation as may be neceS
Sary and proper.
Article 1.-THE domicile Of this corpor.
alton shall be in the city of New Orleans
state of Louisiana, and all citations and
other legal process shall be served upon the
president Of this corporation, or in the
event OF his absence, upon the vice president
thereof, and, in the absence of both of said
officers, upon the secretary of said corpora
ton.
Article III.-The objects and purposes for
which this corporation is organized and
the nature of the business TO be carried on
by it are hereby declared to be:
To buy and sell real estate and personal
property, and TO develop the same. and to
locate, purchase, lease and acquire lands.
with the exclusive rights TO prospect, drill,
mine, bore and sink wells and SHAFTS TO pro
duce, convey and transport oil, petroleum.
gas and other minerals: TO carry on the
business OF storing and prospecting for min
ing transporting, buying and selling petro-
leum and other oil products; 10 buy sell
furnish and supply same: to operate, build
construct, pump and maintain oil and gas
wells; TO build, construct, purchase main
tain and operate warehouses, pumping
plants, pipe lines, refneries, factories, mills
workshops, laboratories and dwelling houses
Tor workmen and others; to manufacture
buy. sell, import, export and deal in pumps
drills, fuses, caps, candles, nitro glycerine
dynamite and the necessary machinery, en-
gines, drills and all appliances and conve-
niences for the use in connection with mining
and drilling for oil and gas; and generally
to do all things incidental to and everything
necessary TO carry out the said objects and
purposes Of this corporation.
Article IV.-The capital stock Of this cor
pOration is hereby fixed at the sum of five
thousand dollars (Sj.OOO.0O). divided into
and represented by fifty 900 shares OF stock
at the par value of one hundred dollars
tSlOO.OO) per share. Said stock shall be
paid for In cash, or in such installments
and at such time, and after such notice to
the subscribers as the board OF directors NAV
nix, or the same may be issued at not less
than par for labor done or services perform
ed for the said corporation, or property or
rights actually received by said corporation
This corporation may become a going CON
Germ and shall be authorized to commence
business when and as soon as three thou
sand dollars (S3, 100000 of its capital stock
shall have been subscribed for
Article V.-All the corporate powers OF
erciSed by board of directors, to be com
posed Of four a. stockholders to be elected
annually on the third Tuesday of January
In each year.
All such elections shall be by ballot. and
shall be held and conducted at the office Of
this corporation under such regulations as
may be established by the board of directors
Notice of such elections shall be given by
the secretary of this corporation by publica-
ton for not less than ten (10) days prior
thereto in a daily newspaper published In
the English language in the city OF New Or
leans.
At all such elections and at all corporate
meetings, every stakeholder shall be entitled
to one vote for each share of stock standing
In his name, on the books Of this corpora
ton, to be cast by him in person. or by writ
ten proxy, and the majority of such votes
cast shall elect.
Any vacancy occurring among the drec-
tors Of this corporation by death, resignation
or otherwi se shall be filed by election for
the uneXp!red term by the remaining direc-
tors failure to elect directors on the
date above specified shall not dissolve the
corporation, nor impair its corporate exist
cnce, but the directors then in Office shall
remain in office until their successors shall
have been duly elected and qualified
The board of directors shall at its first
meeting elect from among its members a
president, a vice-president, secretary and
a treasurer, or one person to act as both
secretary and treasurer, as it may deter
mine; when the ONCE OF secretary shall be
neld separately 1t may be occupied by one
other than a stakeholder.
The board of directors from time to time |
may name and appoint all such other off !
GERS and agents as 1t may deem necessary
for the purposes and business of this corpor- |
alton. The said board shall have power to
hx and define the duties of every officer and
employee, and all officers and employees shall |
hold Office and employment al the pleasure of
the board. The board may make and estab-
lsh, as well as alter and amend, all such |
bylaws, rules and regulations necessary
and proper in its judgment for the conduct |
and management Of the business and affairs !
of such corporation. The board Of directors
shall have full power and authority TO bor- !
row money, to execute mortgages and TO |
create liens, to issue bonds. notes and other |
obligations, and the same to secure by mort |
gage. pledge or otherwise: and generally TO |
10 any and all things reasonable. convenient
and necessary for the proper carrying on of
he business and affairs of said corporation |
The board Of directors may issue full paid !
shares OF stock for cash, or In payment of
abor done or services performed for this |
corporation or property or rights actually |
received by this corporation.
All transfers Of stock shall be made on |
he books Of the company, and under such |
Jules and regulations as the board of d. |
'ectors may prescribe.
Article V1.-The following shall consti- |
ute the first board of directors Charles A. |
lhiel, Jr., Adam Torch, ST., ]. P. Schaefer |