The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-09

WnOle.
Original signed) Names of subscribers
omitted A. Miles Coe Paul Chaser.
| PHILIP GENSLER, JR.,
Notary Public.
| !, the undersigned, recorder OF mortgages,
in and for the parish OF Orleans. state of
| Louisiana, do hereby certify that the above
and foregoing act of incorporation Of the
| Ollie cypress Company was this day daily
| recorded in nv once in book 1l19, Folio -.
Ne" Orleans, September 18th, 1919
true copy, except that names Of sub
fscriberS and number OF shares subscribed
J for by each are omitted
! PHILIP GENSLER, JR.,
sep Is - oct > ? 16 % 1913
| OF THE BURGI.ASS OIL & MINERAL
COMPANY.
August 3Oth. 1919.
! 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 l9l3b
| before me, Wynne Grey Rogers, a notary
! public In and for the parish ~ Orleans.
state of Louisiana, duly commissioned ana
qualified and therein residing, ana IN the
| presence Of the witnesses hereinafter named
| and undersigned, personally came and ap
| pearrd the persons whose names are here
| unto subscribed, who ScveralIy declared that
avaiing themselves Of the laws ~ the state
! of Louisiana in such cases made and pro
| vidcd they have agreed and by these pres
| enlS agree aud form themselves. ~ Well "a
such other persons as may hereafter become
associated with them, into corporation Tor
| the objects and purposes and under the ar
ticIrs and terms following, to-Wit
Article The name and title Of this cor
poratiou shall be the Burslass Oh \ Mineral
Company. under which name II shall enjoy
succession for ninety years from the
date hereof: 10 contract, sue And be sued :;
&c make and use corporate seal; 10 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
management OF its affairs and the same 70
alter, amend or repeal AT pleasure and IN
general To nave all the powers that are con
frrrcd on corporations organized for the
purposes of the present corporation, and to
DO and perform all acts and things requisite
and necessary 10 carry out the purposes
of said corporation
Article 1.-THE domicile 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 pTesl-
dent. or in default of these On the sec
retNy.
Article III-The objects and purposes OF
this corporation and the nature of the bus
mess 10 be carried on by Il are hereby de
red TO 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
| tor oil, gas, sulphur. or other minerals, 10
| operate oil 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, retiner.
| les, railroads: to acquire by purchase or
otherwise personal property, and TO sell,
| pledge and transfer the same: and generally
to engage in or conddct 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 iN.-The capital stock Of this COT
pOratiOn shall be fifteen thousand (Sl5. OVUl
dollars, divided into three hundred shares
| 1900 OF the par value of fifty (SJO.OO) 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 10 begin business as soon as
i've thousand (S5.OO00OD dollars OF its cap
ital stock shall have been subscribed for.
All transfers of stock shall be made by
the owner or mis- agent duly authorized In
writing upon the books Of the company and
upon the production and surrender Of the
No stakeholder shall sell or dispose OF
his stock without having offered the same
for sale in writing to the corporation,
through Its 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 V.-Ali the corporate powers of
this corporation shall be vested in and eX-
ercised by a 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.
\ majority Of the board OF directors shall
constitute a quorum for the transaction OF
business.
The officers Of this corporation shall be
A president second
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 hereinaboye pro-
yided.
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 to
buy, sell, lease mortgage, hypOthecate and
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.
All elections shall be by ballot and the
majority OF votes cast shall elect
At all meetings each stakeholder shall
be entitled to one vote either In person or
by written proxy for each share Of stock
standing IN his name on the books OF the
corporation provided, 1nat no stock sha III
be voted at any meeting which has been
transferred on the books Of the corporate 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 corporation
shall consist Of Abraham Burglass Edward
II. Walsdorf, W. 7. Flower F. II. Iande and
+. W. Giles with Abraham Burglass presi-
dent; Z. Ii. WalsdOrf, first vIce-president !:
W. j. Flower, second vlce-president F. II.
Lande, treasurer and X. W. Giles, secre-
tary.
Article VI.--This act of Incorporation NAV
be changed, altered, or amended, or the
corporation dissolved, by a vote of two
thirds of the stock present or represented az
general meeting of the stockholders called
for 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
fOrmality in organization or the failure to
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 I'M
paid balance due on his stock.
Article V1ll.-At the expiration Of this
charter, or when this corporation is other
wise sooner dissolved, its affairs shall be
liquidated by two liquidating commissioners