The herald., 1914-11-19
CHARTER
PINE ISLAND OIL COMPANY, INC.

United States Of America, State of Louisiana,
Parish OF Orleans, City OF New Orleans.
Be it known, that on this fifteenth day OF
the month Of September. IN the year % our
Lord one thousand line hundred and four
teen, and OF the independence OF the United
States Of America, the one hundred and
thirty -uuth, before me, Jules +. hcunler, a
notary public duly commissioned and quail
ted in and Tor the parish OF Orleans, and IN
the presence OF the witnesses hereinafter
named and undersigned, personally came and
appeared the several persons hereinafter
named and undersigned all residents Of the
city OF New Orleans, and all OF the tu!l age
Of majority, who Sevcrally declared that,
avalllng themselves OF the laws Of the state
OF Louisiana, and particularly OF the pTpvI-
,ioua of the act No. I'll OF the general assem-
bly, Of 1914. relative to the formation of cor
pOratlous. they have covcnantcd and agreed,
and by these presents do covenant and agree
tor themselves. their successors and assigns.
to form themselves into corporation and
body polite for the objects and purposes, and
under the stIpulatIous following:
Article The name and title OF this cor
poration shall be Pine Island Oh Company
Article 1.-THE purposes and objects for
which tins corporation IS organized, and the
nature OF the business to be carried OIL by
1t, are stated and declared to be as follows:
First. 10 acquire by purchase or lease, or
otherwise, lands IN Hardin county, III the
state OF Texas, or IN any oIl Eeld, IN any
possessions, or foreign countries, for the pur-
pose of prospecting Tor oil, and obtaining OIL
gas, salt, sulphur and other minerals; and TO
that end to buy, lease, or otherwise acquire
drilling rigs, dcrICks. or other machinery,
or apparatus necessary to fully aCcompl. sh
said purpose; and, II oil, or other mineral IS
found, then to market the same to the best
advantage.
Second To engage in the transportation Of
oil, gas, salt sulphur or other minerals, either
produced by this corporation or other persons
or corporations, by means OF pipe lines, tram
ways, railroads, boats, bargcS, or other con
veyanCes, OF to lease or suitcase all or any
part thereof to any persons or corporations +;
and, to fully carry out SAID objects and pur-
1 poSeS TO purchase, lease, or otherwise acquire
pipe lines, tramways, railroads, boats, bargeS,
| tank cars. locomotives, pumping stations,
steam plants. and all other machinery and
apparatus and parapheTnalla necessary or IN
CIdcntal thereto.
Third To build. construct. lease, purchase
! or otherwise acquire buildings, machinery.
ard other apparatus for refining, smelling.
manufacturing or otherwise working up the
products OF said mineral lands, either pro
| duCed by this corporation, or other persons or
| corporations, and to refine, smelt, manuiac-
| ture, OF otherwise work up the by-products
| OF said minerals. and to operate said plants,
and to market the products and by-products
as manufactured to the best advantage.
| Fourth. To carry such other business
| pertaining 10 oil, gas, salt, sulphur, or other
minerals, as may be found necessary or de
| sirable. or such is generally engaged IN and
| by a corporation of this kind.
| Article III.-The capital stock OF this cor
poration is hereby hXed at the sum OF nifty
| thousand dollars, divided into fifty thousand
| shares OF the par value OF one dollar each, TO
! be paid for in cash, OF its equivalent IN labor
| or property. This corporation shall be gong
| concern as soon nifty per Centum OF SAID
capital stock shall have been paid in. All
| transfers of stock shall be made on the books
| Of the corporation, by surrender OF the org
| nal ceruhcate properly endorsed Tor cancel,
| -, hold xAit
| stock is issued, or by his duly authorized
| agent.
| poration NAV, on complying with all the re-
| qusites of the law, be increased to the sum OF
| two hundred thousand dollars (S40OMO).
| Article N.-The domicile of this corporation
shall be in the city OF New Orleans; state OF
| Louisiana, where all citation or other legal
| process shall be served on the president, OF
| in his absence as the law directs.
| Article NI.-This corporation shall have and
enjoy succession and duration tor the period
| Of nincty-nine years from the date hereof.
| Article VII.-All corporate powers OF tins
| corporation shall he vested in and exercised
by a board Of directors, composed Of hive
| stockholders, who shall be the bona hde own
ers of the stock standing in their names, and
| which stock shall be unpledged or unencum
| bered by them; three of which directors shall
constitute a quorum for the TRANSACTION Of
| Until the first Monday of October, 1915
the following named persons shall constitute
the board of directors of this corporation, to
| wit: Theodore a. Jung, Business, Whitney
Central Bldg; Residence, 1910 n. Gayoso ST.
New Orleans La. J. Emile Jarreau. BusInes,
5Ol Carondelet St; Residence, S227 Crane
| Route ST. John. New Orleans, louisiana. 10
seph Charles Jung Business, Whitney.Centra
Bldg; Residence, l42S n. Robertson ST, New
Orleans. Louisiana Charles G.. Ebert, Bust
ness, Maison Blanche Bldg; Residence, l4,
y. Robertson St, New Orleans, La John
Williams, Business, AIS Natchez Alley; Res
dence, 1900 Seventh St, New Orleans, LOuisi
ana. -
| Thereafter, the board of directors shall be
composed of stockholders who shall be elected
annually, beginning on the first Monday o
October, 1915; any stakeholder shall be eligible
| TO membership without regard to the number
of shares owned by him. All elections shall
| be bv ballot and each stakeholder shall b,
entitled to one vote foi each share OF stocl
| standing in his name on the books OF the cor
poration the vote TO be cast in person, O.
by proxy; il shall require majority OF stocl
present or represented to elect. Failure Il
elect a board of directors on the hrst MONDAY
of October, 1915 or thereafter shall not wori
a forfeiture OF this charter, but the old boar
of directors shall remain in office until thei
| successors are elected and qualified.
| &c VIlI.-Ihe board of directors shal
I'D REGULAR meetings at the domicile OF tn
-orporation. or at any other place on comply
, ing with the requisites of the law, at sue
y be nxed in. the bylaws OF thi
corporation. $500 4,
ANY vacancy occurring in the board of di
! / ,,ors, either from death, resignation or ina
? ili,y to serve. shall be filled by the board G
-ectors at its next regular meeting atte