The herald., 1914-01-08
CHARTER
OF THE CENTRAL GAS AND OIL

personally came and appeared, the several per
sons whose names are heTeuDtO subscribed
who severally declared:
That availing themselves Of the provisions
Of the laws OF this state relative 10 the or
ganIzatIon Of corporations, they have con-
tracted and agreed, and do by these presents
contract, agree and obligate themselves into,
and constitute a corporation and body polluc
IN law, for the object and purposes and UNI
der the conditions and stpulatlJus OF the
articles following, tO-wIt:
Article The name and title OF the said
corporation shall be The Central Gas and
OIL Company" ard under its said corporate
name II shall have power and authority and
shall enjoy succession Tor the full term and
period OF uIncty-uIue ty9) years from and
after the date hereof; TO contract, sue and be
sued; 10 make and use a corporate seal, and
the same TO break and alter at pleasure; 70
purchase. receive, lease, hold and convey,
as well as mortgage and hyp0,heCate under ITS
corporate name, property both real and per
sDual; 10 name and appoint such managers
and directors, officers and agents as the in
tcrCst and convenience Of said corporation
may require, and 10 make and establish, as
well as alter and amend AZ pleasure, such by
laws, rules and regulations tor the proper
management and regulation OF the affairs o.
SAID corporation, as may be necessary and
proper.
Article II-Thc domicile Of the said corpo-
ration shall be at 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 v!cc-presIdent, or,
in the absence Of both OF these officers, upon
the secretary Of the corporation.
Article llI.-Ihe objects and purposes for
which this corporation IS established, and
the nature Of the business TO be carried on
by u, 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 to operate and main
tam as principal or agent IN this state, or
elsewhere, drilling outfits, machinery, appli-
anCcS, apparatus and buildings OF every de-
sCriptlOn, used or suitable for use in the ex-
traction OF OIL, gas, any other minerals
from the earth, and for the housing, pTeser-
Walton, handling, refining and transportation
OF the same when so extracted, and partlCu-
larly storage tanks and pipe lines, all solely
for the uses OF its own business and without
power of eminent domain; to buy, sell or
otherwise acquire and ALLEVIATE, and to es-
tabllsh, 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, stoTehouses and
repair shops; TO sell merchandise and carry
on general store and commissary, and TO
conduct hotels, boarding houses and lodging
houses for Its agents and employees, and
generally to hold and exercise all such Incl
dental powers and privileges not expressly
excluded, as relate to the objects herein.
before set forth.
Article IV-The capital stock of the said
corporation is hereby fixed at forty thousand
($4O,0OOOO) and 00-l00 dollars, divided into
and represented by one thousand six hundred
u,ooO) shares of twenty-five (S2S.00) 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
quirement of rights, privileges, franchises and
property purchased and acquired by the cor
N. a n ant avnI al
Iustment OF the costs, fees, charges and ex-
penses and commission incurred for services
rendered IN the formation and organization
Of this corporation, and in acquiring and
bringing about the purchase of the property,
nights and franchises, aforesaid; also for
lash or in installments of such amount as
he 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. |
'oration IN whole or in part, for any and all
u the purposes above stated, as in its judg- |
nent may seem fair and proper. This cor |
)oration shall begin business as soon as three
thousand (S.0O0.00) dollars of its stock shall |
lave been subscribed. |
Article V.-All the powers of this corpora
ION shall be vested in and exercised by the |
board OF directors, composed of seven On |
and any four "a of whom shall |
business. The said board of directors shall |
e elected annually on the first Tuesday in |
Nay of each year. The first election TO be |
ield in the year 1914.
All elections shall be by ballot At IN. offic.
= the corporation, under the supervision of |
hree 80 commissioners TO be appointed by |
ne board OF directors, and, in the asence Of /
my commissioner, the president shall have
md all elections as well as meetings of stock.
folders, except for the purpose of liquidation
" dissolution, or as otherwise required by |
avn zen SloJ days notice shall be given by
h.
uch on the books of the corporation at his
asst designated address or to the general de.
ivery at New Orleans, if he has not desiR-
lated his address, an announcement stating
he time and place of the meeting. Each stocts
lolder shall be entitled to one vote for each |
mare OF stock standing in his name on the
JOCKS OF the corporation, cast in person or by
roxy, and the majority of the votes cast shall |
'lect The board of directors shall have the /
,o"er 10 MI all vacancies that NAV occur on |
he board. Failure to elect directors on the
Jay above Specihed shall not dissolve the
operation, but the directors then in oeice
haH remain IN Office until their successors |
re elected and qualified Dus notice of an.
ther election shall forthwith be given. az |
Dove provided. Such notice Of election shall /
e continued until an election is held
The board of directors at the first rnee,;r,,
ollowins an annual election shall elect from
heir NUMBER a president, a vice president
! secretary and treasurer, all of whom shall |,
'e stockholders, and such other officers as the /
'oard shall deem necessary.
Inc board OF directors shall have the power |
o make and establish, as we'll as alter and
mend, all bylaws, rules and regulations
necessary and proper for the support and man /
cement OF the business and affairs of this |,
not inconsistent with its charter l
Inc SAID board shall have full power and |,
minority to borrow money through its presi. /
lent or some other duly authorized agent or
gents; TO execute mortgages and issue notes. |,
'onds or other obligations in such a manner /
no on such terms as in their judgment NAV Ii
e advantageous, and generally to do all the
ningS necessary for the proper carrying or
the business OF said corporation; also TO
ssue and deliver full paid shares of stockS
nd bonds OF other obligations of the said
orporation IN payment of the money Dor. |,
owed, or money, labor. services property or l.
ights actually received by the said corpora.
ion, as heretofore set forth
Until the next meeting of the stocLbolde,s
3 be held under this charter, the board 81
ireetoTs shall be composed of A. G. Gugel.
ID. Hayward, Jr., Adam Torch, IT., X II
'yrne, DR.. Arthur Caire, ]. H. Judge, and
'rnest pionne, with A. G. Gugel as president,
ID. Hayward, Jr., as vice-president and L II
l.. Judge as secretary-treasurer
Artlcle Nl.-Nhenever this corporation shall (
dissolved by limitation or otherwise, its
naIrs shall be liquidated by three commits
ohersi elected by the stockholders at a meet
" called tor that purpose, as hereinafter
rovided, and said commissioners shall have |
III power to act in all matters appertaining
the winding up of the affairs Of said cor
orauon. The surviving commissioner or COM (
hssloners shal have power to fill any va {
ancy that may occur.
Article Widths act of Incorporation NAV Il
!. altered, amended modified or the '
iid corporation may be dissolved with 8
e assent OF three-fourths of the capitaI a
ook represented at special meeting, called
sueh purpose, after notice to such effect S
lail have been published in one of the dajIv
'Wspapers OF New Orleans once a week for |