The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-19
conventional Mortgages.
Building Permits.
ACT OF INCORPORATION

ACT OF INCORPORATION
OF REPUBLIC OIL & GAS CORPORATION
State Of Louisiana, Parish OF orleans lily
Of New Orleans
Re il known That on this, the 18th day
of the month OF February, in the year OF our
I'D one thousand nine hundred and four.
teen and OF the Independence OF the Gnited
States Of America the one hundred ana thittS-
eighth. before me, Charles r. fietehinger,
notary public. duly commissioned and quail
ned in and for the City, Parish and state
aforesaid. therein residing, and IN the pres
euce Of the witnesses hereinafter named ana
undersigned personally came and appeared
the several persons whose names are here
unto subscribed. who declared that availing
themselves OF the provisions OF the laws oil
this State relative TO the formation ana or
uaniyatiou OF corporations, they have cove
nantcd and agreed, and do, by these pres
rnts covenant agree and bind themselves,
we'll as those who may neieaitet Deo i,l
associated with them, TO form themselves
into a corporation for the objects and pur-
poses, with the name and under the stiPula-
tons. to-wit:
tion-The name and style OF this corporation
shall be Republic Oil and Gas Corporation,
and by said corporate name 1t snail nave
succession and enjoy existence Tor perlod
81 intervening wears unless sooner dissolved
IN the manner provided by law and the ar
ticles OF this charter; and under SAID coTpor-
ate name 1t shall have power and authority
to contract, sue and be sued, to make and use
a corporate seal, the same TO break and alter
at pleasure. 10 make all necessary rules and
regulations for us corporate management ana
control, and shall have and enjoy the rights
privileges and immunities which are now
conferred upon or may hereafter be granted
to corporations Of the same kind and char
acter.
Article H. Domicile-The domicle OF this
corporation shall be in the City OF New Or
leans, State Of Louisiana, and all citations
or other legal processes shall he served upon
the President. or in OF his absence or
inability 20 act, upon any other othcer OF the
corporation.
Article III Objects and Purposes.-The OBJ
jects and purposes for which this corporation
is organized are hereby declared to be: To
purchase, sell, mortgage, lease, ALLEVIATE, re.
real estate oil and mineral land, gas land
and oil, mineral and gas rights and any other
interest in lands, in Louisiana or elsewhere.
To buy, sell, own, lease or otherwise acquire,
and 20 operate and maintain as principal or
as agent in this State, or elsewhere, drilling
outfits, machinery, appliances, apparatus and
buildings OF every description used or suita'
BILE for use in the extraction of oil, gas or
any other minerals from the earth, and for
the housing preservation, handling. refining
and transportation OF the same when so eN,
tracted. and particularly storage tanks and
pipe lines, all solely for the uses OF ITS own
business and without power OF eminent DO.
main; TO buy, sell or otherwise acquire and
ALLEVIATE. and 20 export or import oil; min,
erals and mineral products of all kinds and
in connection with said objects, to lease, buy
sell, build, or otherwise TO acquire, and to
locate and maintain warehouses, sheds, stor
age tanks tank cars, dwellings, tore-houses
and repair shops; TO sell merchandise and
carry on a 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 sucf
incidental powers and privileges not express
ly excluded, as relate to the objects herein
before set forth.
Article Nv. Capital Stock-The capital stock
Of this corporation is hereby fixed at twenty
1--WE thousand (S2S0oo) dollars, divided into
two hundred and fifty (2So) shares of the
par value OF one hundred dollars each; said
stock shall be issued only for cash or II
payment of property services actually re
ceived by or rendered TO the corporation; the
stock of said corporation any part thereof
may be issued and delivered to any person
firm or corporation in payment Of rights, priv
ileges. franchises, and property purchased and
acquired by the corporation; also IN payment
settlement and adjustment of the costs, fees
charges and expenses, and commission in
Cured for services rendered in the formation
and organization Of this corporation; also for
cash or in insiallments of such amount as the
Board OF Directors may determine.
The Board of Directors. hereinafter
created. is specially authorized TO dispose OF
the stock OF this corporation, in whole or IN
part. for any and all of the purposes above
stated, as in its Judgment may seem fair and
proper.
This corporation shall commence business
and become a going concern three
thousand dollars of its capital stock shall
have been subscribed; the residue of said
stock TO be issued and payment made there.
for subject to the action and call of the Board
OF Directors. Said stock shall be fully paid
at the time Of its issuance and, thereafter
non-assessable. and the capital stock may be
increased or decreased in the manner pro.
vided by the laws of this State.
The parties to this act declared that they
hereby subscribe for the number of shares
of said capital stock set opposite their re-
speetive signatures hereto, so that this &C,
of Incorporation shall serve as an original
subscription.
Article v All the powers of this corpora.
ton shall be vested in and be exercised by
a board Of three directors. to be elected each
year from among the stockholders at the an
n1al meeting; said directors shall be bona
hde stockholdsrs and the first board shall
consist OF |. I. Rhea, Jr., L. E. Stafford and
I. &. Mente, with the following officers: l.
7. Rhea. Jr., who shall be President; L. E.
Stafford, who shall be Vice President; ]. c.
Powers of Board Of Directors-On the FIRST
Monday IN January, 1915, and annually there
after. except when such day shall fall on a
,egal holiday, then upon the next following
lay.day, the stockholders shall elect a Board
Of Directors for the ensuing year, the board
already installed to continue TO hold over
until their successors are elected and quail.
he'd. The Board of Directors so elected shall
select from their number the officers
of the corporation. The officers Of the cor.
poration shall be President, Vice Presi-
dent and Secretary Treasurer. The election
OF directors shall be by ballot and the per
sons receiving the largest number of votes
cast shall be declared elected For electinS
directors OF for any other purpose, each share
OF stock, whether in person or by proxy, shall
be entitled 10 one vote and 4 majority of
the votes cast sha, be required TO pass anv
resolution OF decide any question submitted
TO the stockholders, except for the aitera.
ton or amendment Of this charter or for the
dissolution of the corporation, as hereinafter
provided.
Said Board Of Directors shall have power
and authority TO make all necessary rules
fnr fk1
ton and control of the business of the cor
poration. as well as to make all necessary
rules and bylaws, with power TO FIJI any
vacancy occurring in their number or any