The herald., 1914-07-09
CHAR TER
SATELLITE OIL COMPANY.


'nited States OF America, State OF louisiana.
Parish OF Orleans, City OF New Orleans.
Re II known, That on this twenty sixth day
OF the month OF june, IN the year OF our
Lord one thousand nine hundred and fourteen,
and OF the independence OF the JnIted 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
0f the witnesses hereinafter named and under
signed. personally came and appeared the sew
eral parties whose names are hereunto suO-
scribed, who severally declared that, avaIlIng
themselves OF the laws VI the state OF LouIsi-
ana, in such cases made and provided, they
have COveuanted ana ssreed, and do by these
presents covenant and agree and bind them
selves. as we'll a. such persons as may here
after become associated with them, to form
corporation and body polite IN law for the
and stipulations following, to-wIt:
Article The name OF this corporation
shall be SATELLITE OIL COMPANY,
and under its said corporate name Il shall
have power and authority to have and enjoy
corporate existence and succession for the full
term and period Of niGcty-nlne years from
and after the date hereof; to contract, sue
and be sued; 70 make and use a corporate
seal, and the same TO alter and break at pleas
ure: 10 hold receive, purchase, hypOthecdtc,
convey, sell, lease OF pledge real and per
>Onal property; TO issue negotiable bonds and
notes. or other evidences Of debt; to name
and appoint such managers, agents, directors
and officers aS Its business, interest and con-
venience may require, and to make and estab-
lish. well alter and amend. from time
TO time. such bylaws and regulations for the
proper government OF the affairs OF this cor
poration ~ may be necessary and proper.
Article 1.-The dOmIcie 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 coronation. 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 lII.-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 To-
cate, purchase. lease 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-
crate warehouses. pumping plants. pipe lines,
rehneries. factories, mills, WORKSHOPS, labora-
tories and dwelling houses for work,nen and
others; TO manufacture, buy, sell, import ex-
port and deal IN pumps. drills, fuses, caps,
candies nitro-glycerine, dynamite and the nee
plIanCes and convenieuces for the use in con.
nection with mining and drilling for petrol.
cum, 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 liked at the sum Of fifty
thousand dollars (SSOOOO divided into and
represented by two thousand (2UOj shares ot
stock at the par value of twenty-five dollars
S@Sl per share. Said stock shall be paid Tor
"! IN cash or IN such installments and at such
time ana after such notice to the subscribers
as the board OF directors NAV fix. or said
| stock may be issued for property actually re.
celved, or labor done or services performed
but no stock shall be issued at less than mar
This cororpation may become going CO...
Germ and shall be authorized TO commence
business when and soon as three thousa nd
lollars tSSV1D OF ITS capital stock shall have
Article V.-All the corporate powers Of saiC
| corporation shall be vested in and exercjseC
by a board Of directors. to be composed Of
on the second Tuesday in June OF each yeay
All such elections shall be by ballot anr
shall be held and conducted at the Office o.
thls corporation under such regulations a.
may be established by the board of directors
Notice of such elections shall be given h,
| the secretary Of this corporation by publica
tion for not less than ten (l0) days prio-
IheTftG Erf; IN daily newspaper published in tn,
| At all such elections and at all corporat,
meetings every stockholder shall be entitier
to one vote for each share of stock standing II
his name on the books of this Corporation
to be cast by him in person, or by write
J shall elect N"S
| Any vacancy occurring among the director
| OF this corporation by death, resignation n
| otherwise shall be filled by election for m,
unexpired term by the remaining directors
A failure TO elect directors on the date abov,
| soecihed shall not dissolve the Corporation
| nor impair its corporate existence, but N,
directors then in Office shall remain in ofic,
until their successors shall have been duI,
! elected and qualified. Any director shall bav,
| the right 20 be represented at any meeting q
| the board Of directors Of this Corporation h,
an attorney holding said directors writtei
| proxy.
The board of directors shall. at its frs
meeting and annually thereafter, elect from
| among ITS number a president, a vice-presiden
| and treasurer The bard Of directors shall
also elect secretary, who may or NAV no
| be stockholder. The Office of secretary an,
treasurer may be filed by one and the sam,
| person, at the discretion Of the board
| Inc board OF directors, from time to time
may name and appoint all such other officer