The herald., 1914-07-16
CHAR TER
SATELLITE OIL COMPANY.

United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans.
BE 1t known, That on this twenty-siNth day
OF the month OF june, IN the year OF our
Lord one thousand nine hundred and fourteen,
and OF the independence OF the United States
OF America the one hundred and thirty eighth,
before me, William Mcclellan FayssouX, a
notary public, duly commissioned and quail
ned, in and for this city and the parish of
Orleans therein residing, and in the presence
OF the witnesses hereinafter. named and under
signed, personally came and appeared the sew
eral parties whose names are hereunto sub
scribed, who severally declared that, availirg
themselves of the laws OF the state of Louisi-
ana, in such cases made and provided they
have covenanted and agreed, and do by these
presents covenant and agree and bind them
selves, as well as such persons as may here
after become associated with them, to form
a corporation and body polite in law for the
objects and purposes and uader the articles
and stipulationS following, to-wit:
Article 1.-The name of this corporation
shall be SATELLITE OIL COMPANY.
and under its said corporate name it shall
have power and authority TO have and enjoy
corporate existence and succession for the full
term and period of nihety ynine years from
and be sued; to make and use a corporate
seal, and the same to alter and break at pleas
ure; TO hold, receive, purchase, hypothecate,
convey, sell, lease OF pledge real and per-
Sonal property; to issue negotiable bonds and
notes, other evidences of debt; to name
and appoint such managers, agents. directors
and ottcers as its business, interest and con-
veniencc may require, and to make and estab-
lish, as well as alter and amend, from time
to time, such bylaws and regulations for the
proper government of the affairs of this cor
poIation as may be necessary and proper.
Article 1.-THE domicile OF this corporation
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 eoToration, or, in the event of his absence,
upon the vice-president thereof, and, in the
absence Of both of said officers, upon the
treasurer of said corporation
Article lll-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by II
are hereby declared to be:
10 buy and sell real estate and personal
property, and to develop the same. and to To-
cate, purchase, ease and acquire lands, with
the exclusive rights to prospect, drill, mine
bore and sink wells and shafts; TO produce
convey and transport oil, petroleum, gas and
other minerals; to carry on the business OF
storing and prospecting for, mining, produc.
ing, refining, manufacturing, piping trans.
porting, buying and selling petroleum and
other oil products; to buy, sell, furnish and
supply same; to operate, build, construct,
pump and maintain oil and gas wells; 10
build, construct, purchase. maintain and op.
erate warehouses, pumping plants, pipe lines,
,enneries, , factories, mills, WORKSHOPS, labora-
torres and dwelling houses for workInen and
others; to manufacture, buy, sell, import, ex-
port and deal in pumps, drills, fuses, cans.
candies nitro glycerine. dynamite and the nee.
N,S"y HdSililcIy, engines, drills and all an
pliances and conveniences for the use in con.
nection with mining and drilling for petroI.
cum, oil and gas; and generally TO do all
Things incidental to and everything necessary
this corporation. -
Article IV.-The capital stock of this cor.
Poration is hereby fixed at the sum of fiftv
thousand dollars (S50OOO divided into and
represented by two thousand GOO, sbares ~
STOCK at the par value of twenty-five dollars
lS@S) per share. Said stock shall be paid for
IN cash or IN such installments and at such
time and after such notice to the subscribcrs
as the board of directors NAV fix or se;5
stock may be issued for property actually re-
ceived, or labor done or services nerforued
Dur no stock shall be issued at less than par
ms cororpation may become a going con.
Germ and shall be authorized to Commence
business when and soon as three thousand
dollars ($3OOO of its capital stock shall have
been subscribed for '
Article V,Ali the corporate powers of said
corporation shall be vested in and exercised
by board of directors, to be comnosed ~
seven 90 stockholders, to be elected annually
All such elections shall be by ballot. and
shall be held and conducted at the Office of
this corporation under such regulations as
may oe established by the board of directors.
the secretary of this corporation by publica-
ton Tor not less than ten (lO) days prior
thereto thereto in daily newspaper published in the
rngiish 1 language in the city of New Orleans.
meetings every stakeholder shall be entitled
10 one vote for each share of stock standing in
ms name on the books of this corporation.
to be cast by him in person, or by written
proxy, and the majority of such votes cast
Any vacancy occurring among the d;ree,o,.
OF this corporation by death. resignation or
otherwise shall be filled by election for the
unexpired term by the remaining directors
"A failure to elect directors on the date above
speeihed shall not dissolve the corporation,
nor impair its corporate existence, but the
directors then in Office shall remain in Office
until their successors shall have been duiy
elected and qualified. Any director shall have
the right to be represented at any meeting Of
the board of directors Of this corporation bv
proxy.
The board of directors shall, at its frs,
meeting and annually thereafter. elect from
among its number a president, a vice president
and treasurer. The bard Of directors shall
also elect a secretary, who may or NAV moi
be a stockhoder. The Office of secretary and
treasurer may be filled by one and the same
person, at the discretion Of the board.