The herald., 1914-12-17

| Tor the objects and purposes and under the
/ SupuldtlonS hereinafter set forth, to-wIt:
Article The name and title of this cor
| pOTatIOn shall be United Drilling Company,
incorporated, and under such title II shall
have and ENJOY succession and existence for
a period OF ninety nine years from date here
OF; II shall have power and authority TO CON
tract, and be sued. make and use a corpor-
ate seal, the same to break and alter AT plea
sure; TO hold, sell, lease, mortgage, hypothe-
cate or pledge property, real, personal or
| mixed, necessary, incidental proper for the
Carrying on OF ITS business, and 10 that end
to further mortgage all oil or mineral leases
all buildings, constructions and improvements
placed and erected on said lands or TO be
| placed or erected thereon, as well As TO issue
| bonds secured by such mortgages. such bonds
to be issued IN such amounts AT such rate OF
interest and 10 run for such length Of time
not exceeding the terms OF said leases as said
/ IesEecS ~ grantees may determine; 10 buy and
| 10 hoI1 stock IN any other company or com
pdnits that may assist this company in its OBJ
! Jects and purposes; to make and issue notes
ana certificates OF Indebtedness; to name.
elect and appoint managers, directors and
/ clerks or other employees to properly conduct
| us corporate business, and to make such by-
! laws, rules and regulations as may be found
/ necessary or desirable for the management
and business affairs OF this corporation, and
| generally to do every other act matter or
thing necessary for the complete and proper
carrying out OF said business.
Article 1.-The donIcilc of this corpora
/ ton shall be in the City of New Orleans.
| Parish OF Orleans. State OF Louisiana where
J all citation or other legal process shall be
/ served upon the President, or in the absence
/ OF the President, upon the Vice President or
| IN the absence OF both. upon the Secretary.
| Treasurer.
| Article III.-Thc objects and purposes Of
! Clared 10 be:
!. 10 acquire by purchase or lease, or other.
wise, lands IN the CalcaSieu oil fields OF Lou
ISiana, or IN any other location in this State,
| or elsewhere, for the purpose OF prospecting
| t"T and obtaining OIL, gas, salt. sulphur or
! other minerals, and to that end To drill or
! cause to be drilled oil wells, or sink. or cause
to be sunk, shafts for mining. and to buy,
| lease or otherwise acquire drilling rigs or
/ other machinery or apparatus NECESSARY 10
| iuliy accomplish said purposes and if oil or
other minerals are found, then 10 market
| the same to the best advantage
| :. 10 engage in the distribution of oil yas
J Sat, sulphur or other minerals either pro
uuCed hy thls corporation or other persons or
corporations by means OF pipe lines, tram
ways, railroads. boats, bargeS or other con
veyances, or to lease or suitcase all or anv
| part thereof To any other persons or Corr-,ta-
tons tor the like purpose, and in order To
/ iu.Iy carry out said objects and purposes to
purchase, lease, or otherwise acquire pipe
lines, tramwayS railroads, boats barges
tank cars, locomotives, pumping stations
steam plants, air plants, and all other machin-
-, .'fi" h'.iH diiu pdldpneindl necessary
| incidental thereto.
s. 10 build construct, lease purchase or
| otherwise acquire buildings, machinery and
9ther apparatus for refining, smelling. manu-.
featuring otherwise working up the nro.
ducts OF mineral lands either produced bv
| thiS corporation or other persons or corpora.
! u3nS, and to refine, smelt, manufacture or
Otherwise work up by-products of said miner.
| ais, to operate the said plant and market the
products or products, as manufactured 20
the best advantage -
T. 10 carry on such other business appertain
ing TO oil, gas, salt, sulphur or other minerals
as may be necessary or desirable, or such as
| are generally engaged in by a corporation
of this kind
Article IV;;-The capital stock of this cor.
Poration IS hereby fixed at the sum of Fif
| teen thousand (SlS,0O0OO Dollars, divided in.
TO htteen hundred shares of the par value NJ
Ten dollars each; provided that the amount to
winch the capital stock of this corporation may
De INCREASED shall be One Hundred Thousand
SlOO,0OO0) Dollars
Fifty per cent of the capital stock of this
corporation must be subscribed for before
the ming OF the articles of Incorporation The
subscrI bed capital stock Of this corporation
shall be payable in cash, property, real or
personal, or for services performed or ren.
oeied, ana provided that II the stock is not
PAID Tor IN cash that the law as provided for in
complied with.
No stakeholder shall ever be held liable or
responsible for the faults, contracts or debts
OF this corporation IN any further sum than
the unpaid balance due the corporation on the
shares of stock subscribed for by him. nor
shall any mere informality in the organization
have the effect of rendering this charter null
or OF exposing any shareholder to any liability
whatever
This corporation shall not begin TO do busi
ne ness and be going concern until Twelve
stock shall have been issued and paid for
either in cash, services or in property as afore.
SAID IT any of the aforesaid stock of this
eofporation ,t is paid for in property, in that
paragraph C of Act 267 of 1914 shall be
strictly complied with.
Article V.-All the corporate powers of this
corporation shall be vested in and exercised
by Board of Directors to be composed of
seven stockholders, each Of whom shall own
IN his own right, during his term of office
at least one full paid, non-pledged share Of
declaration, four of whom shall constitute A
quorum tor the transaction of business: pro-
vided the board of directors shall have power
to increase, in their discretion, the number
OF directors from seven to fifteen, in which
event eight shall constitute a quorum
The officers of this corporation shall consist
OF President, Vice-President, Secretary and
Treasurer, all of whom shall be members OF
the Board of Directors. The offices Of Secre.
tary and Treasurer may be held If desired by
one and the same person.
The following named persons shall constitute
the board of directors of this corporation, to-
wit: w: A. Collins, Hattiesburg. Mississippi; ;
George II. Carter. Hattiesburg, Mississippi; T.
II. Cfooch, Hattiesburg, Mississippi; w H.
Harris, Hattiesburg, Mississippi; b. 6. Hood
Bond, Mississippi: R. N. Davis. Perkinston,
isiana, with George II. Carter as President
Or. B. S. Hood as Vice President. w. w.
Hines as Secretary and w. A. Collins as
Treasurer, and these directors and officers
shall s6,, serve until the first Monday in April,
1915, or until their successors have been duly
elected and qualified.
Thereafter the directors shall be elected an.
nually on the first Monday in April Of each