The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01
CHARTER
OF THE CENTRAL GAS AND OIL


ncsscs hereinafter named and undersigned
personally came aud appeared, the several per
4 sons whose names are heTeuntO subscribed
who scvc-ally declared.
I That avaIlIug themselves Of the provision
Of the laws Of this state relative 10 the or
ganizatl0u II corporations, they have con
jraCtcd and agreed, and do by these present
contract, agree and DbHgatc themselves into
and constitute corporation and body pulIu,
IN Law. Tor the object and purposes and un
der The conditions and srPuiauous ut th'
articles following, to-wIt:
Articlc The name and title Of the sai,
corporation shall he The Central Gas anC
ion Company and under %, said corporal,
name ~ shall have power and authority, anC
shall enjoy succession Tor the tuil term an,
period OF nincty-ulnc lSI years from and
! after the date hereof; % contract. SUE and "a
| sued. u wak, and use a corporate seal, and
the same 90 break and alter Al pleasure; 90
81, well a. mortgage and hypothCCa'c under us
corporate name, property both real and per,
soUal- 90 name and appoint such managers
and directors. officer, and agents as the IN
| tcrest and convenience ut SAID corporation
I may require, and 20 make and establish, as
! we'll as alter and amend az pleasure, such ny
/ laws, rules and regulations l"r the proper
| management and regulation Of the affairs OF
said corporation, as may be necessary and
| proper.
Article 1.-THE domicilc Of the said corpo-
| ration shall be 81 New Orleans, parish Of
! Orleans, state Of Louisiana, and all citations
| or other legal process shall be served upon
| the president OF said corporation, or, in case
! OF his absence, upon the vice president, or,
| IN the absence Of both Of these officers upon
| the secretary Of the corporation.
! Article Iil.-The objects and purposes for
| which this corporation Is established, and
| the nature Of the business to be carried on
| by II. are declared and specified to be: TO
| purchase, own, hold, sell, mortgage, lease,
| ALLEVIATE, receive and otherwise acquire and
| dispose OF real estate, oil and mineral land,
gas land and oil. mineral and gas rights, and
| any other interest IN lands. both IN Louisiana
| and elsewhere. To buy, sell, own, lease or
| otherwise acquire, and 10 operate and main
| tain as principal or as agent in this state. or
elsewhere, drilling outfits, machinery, appl-
| anCes, apparatus and buildings Of every de-
| NcTptIon, used or suitable for use IN the eN-
traction OF OIL, gas, or any other minerals
walton, handling, refining and transportation
| of the same when 50 extracted, and partICu-
| larly storage tanks and pipe lines, all solely
/ Tor the of its own business and without
power of eminent domain; to buy, sell or
| otherwise acquire and ALLEVIATE, and to es-
tablIsh, export or import oil, minerals and
| mineral products Of all kinds and IN connec-
| ton with said objects, to lease, buy, SELL
| build, or otherwise to acquire, and To locate
and maintain warehouses, sheds, storage
tanks, tank cars, dwellings, storehOuseS and
repair shops; to sell merchandise and carry
on a general store and commssary, and to
conduct hotels. boarding houses and lodging
houses Tor its agents and employees, and
generally to hold and exercise all such Incl
hCitdl poNtIS anu privileges not expressly
excluded. as relate to the objects herein
before set forth
Article IN.-The capital stock of the said
corporation is hereby fixed at forty thousand
(S0OOW) and 0OlOO dollars, divided into
and represented by one thousand SIX hundred
O,oD) shares Of twenty-five (S25OO) dollars
each. The whole of the said stock or any
part thereof may be issued and delivered to
any person, firm or corporation for the &C
qulrement OF rights, privileges, franchises and
property purchased and acquired by the cor
poration, also IN payment, settlement and ad
Justmeut OF the costs, fees, charges and eN-
penscS and commission incurred for services
rendered IN the formation and organization
OF tins corporation, and in acquiring and
bringing about the purchase of the property
rights and franchises, aforesaid; also for
cash or IN lnstallmentS OF such amount as
the board OF directors may determine; also
Tor merchandise received or services actually
rendered to this corporation. The board OF
directors, as hereinafter created IS especially
authorized to dispose of the stock OF this cor
Pgratiou IN whole or in part, for any and all
=" the purposes above stated as in its iudg |
poratiOn shall begin business as soon as three
thousand (S5,0OOOO) dollars OF its stock shall
have been subscribed.
Article N.-All the powers of this CORPORA |
ton shall be vested in and exercised by the |
board OF directors, composed of seven "a |
stockholders, and any four ca OF whom shall
constitute quorum for the transaction of |
business. The said board of directors shall |
be elected annually the first Tuesday in |
May of each year. The first election 10 he |
held in the year 1914
All elections shall be by ballot At the office |
OF the corporation, under the supervision of |
three 90 commissioners to be appointed by |
the board OF directors, and, N the asence Of |
any commissioner the president shall have |
inc power 10 MI the place by appointment |
ana all elections as well as meetings of stock |
holders, except for the purpose of liquidation |
or dissolution, or as otherwise required by |
law, ten O0) days notice shall he given Nv |
mailing to each stakeholder who apnears as
such on the books Of the corporation at his
last designated address or to the general de. |
livery al New Orleans, If he has not desip- |
mated his address, an announcement stating
the time and place of the meeting Each sto,k |
holder shall be entitled to one vote for each |
snare OF stock standing in his name on the
proxy, and the majority of the votes cast shall |
eject The board of directors shall have the |
power to hill all vacancies that NAV occur on |
t I board. Failure to elect directors on the |
Gay above specihed shall not dissolve the |
corporation, but the directors then in office
snail remain in Office until their successors |
are elected and qualified. Dus notice of an |
o ota eIecti9n snail forthwith be given, as
ABOVE provided. Such notice of election shall |
De continued until an election is held
Inc board OF directors at the first meeting
i9lowing an annual election shall elect from
helr number a president, a yice-president |
a secretary and treasurer all of whom sbni |
De stockholders, and such other officers as The |
board shall deem necessary.
ihS oodIu OF directors shall have the power
10 make and establish, as well as alter and |
amend, all bylaws, rules and regulations
necessary and proper for the support and man. |
agement OF the business and affairs of this |
corporation, not inconsistent with its charter |
me SAID board shall have full power and |
authority TO borrow money through its presi.
dent or some other duly authorized agent or |
tfsehts; 10 execute mortgages and issue notes,
ponds or other obligations in such a manner
ana ON such terms as in their judgment NAV
De advantageous, and generally to do all the |
tnings necessary for the proper carrying or
VI lIie business OF SAID corporation; also TO
issue and deliver full paid shares of stocks
and bonds or other obligations of the said
corporation IN payment of the money bor-
rowed, or money, labor, services, property or
rights actually received by the said corpora.
ton, as heretofore set forth.
Until the next meeting of the stockboIders
10 be held under this charter. the board of |
directors shall be composed of A. c. Gugel,
'. u hayward, Jr., Adam Torch, IT, J. X
Byrne, DIR. Arthur Care, J. II. Judge and
Ernest Dionne, with A. G. Gugel as president,
!; -. hayward, Jr, as vice-president and ]. |
H. Judge as secretary treasurer
Article Nl.-Nhenever this corporation shall /
DC dissol we'd by limitation or otherwise. its
AFFAIRS shall be lquidated by three commits |
'loners; elected by the stockholders at meet.
ing called Tor that purpose, as hereinafter
provided, and said commits ioners shall bave |!
ull power 70 act in all matters appertaining
% the winding up of the affairs OF said cor. |
1oration. The surviving commissioner or com. II
shall have power TO iiIl any va. Il
'ancy that may occur
Article Nll.-ThiS act of Incorporation NAV K
'e aitered' amended or modified or the
,ald corporation may be dissolved with
he assent of three-fourths of the canitai
,lo0k represented at a special meeting called
or Such purpose, after notice to such effect L
nan nave been published in one of the. daily