The herald., 1914-10-29
CHAR TER
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 wear OF our
Lord one thousand, Line hundred and four
teen, and of the independence Of the United
States of America, the one hundred and
thirty ninth, before me, Jules 7. Mcunier, a
notary public duly commissioned and quail
fed IN and for the parish OF Orleans. and in
the presence ut the witnesses hereinafter
named and undersigned, personally came and
appeared the Sctcrdl persons hereinafter
named and undersigned, all residents OF the
clty OF New Orleans, and all OF the full age
of majority, who scverallv declared that
avdIlng themselves OF the laws Of the state
Of Louisiana, and particularly Of the provi-
SlonS OF the act No. 267 OF the general assem-
bly, Of 1914, relative to, the formation OF cor
poratIOus. they have COycnantcd and agreed,
and by these presents do covenant and agree
for themselves, their successors and assigns,
to form themselves into 4 corporation and
body polite for the objects and purposes. and
under the StIpulatlons following:
Article The name and title of this cor
Poraton shall be Pine Island Oil Company.
Inc
Article 1.-THE purposes and objects for
which tins corporation i organized, and the
nature of the business to be carried on by
il. are stated and declared TO be a. follows:
First. To acquire by purchase or lease, or
otherwise, lands in Hardin county, in the
state OF Texas, or in any oil heldS in any
other state, territory, federal districts and
possessions, or foreign countries, for the pur-
pose Of prospecting for oil, and obtaining oil,
gas. salt, sulphur and other minerals; and to
that end to buy, lease, or otherwise acquire
drilling rigs, derrIckS, or other machinery,
or apparatus necessary to fully accomplish
said purpose; and, If oil. OF 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, barges, or other con-
vcyauccS, or to lease or suitcase all any
part thereof to any persons or corporations;
and, TO fully carry out said objects and pur
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 paraphernalia necessary or in
cIdcntdl thereto.
Third. To build. construct, lease. purchase
or otherwise acquire buildings, machinery,
and 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, manutaC
ture. or otherwise work up the by-products
of said minerals. and to operate said plants
and to market the products and by-products
manufactured to the best advantage.
Fourth. To carry on such other business
pertaining TO oil, gas, salt sulphur, or other
minerals, as may be found necessary de-
srable. such is generally engaged in and
by corporation OF this kind.
Article llI-The capital stock of this cor
pOratiOn IS hereby fixed at the OF fifty
thousand dollars, divided into fifty thousand
shares OF the par value of one dollar each 10
be paid for in cash, or its equivalent III labor
or property. This corporation shall be going
concern as soon as fifty 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 orig
inal certificate properly endorsed for cancel
lation by the stakeholder, in whose favor said
stock is issued, or by his duly authorized
agent
Article IV.-The capital stock of this cor
poration may, on complying with all the re.
qusites of the law, be increased to the sum OF
two hundred thousand dollars (S1OO,00OO).
Article N.-The domlcIle 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, or
in his absence as the law directs.
Article Nl.-ThS corporation shall have and
enjoy succession and duration for the period
of ninety-nine years from the date hereof.
Article VII-All corporate powers of this
corporation shall be vested in and exercised
by a board of directors, composed of five
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
business.
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, Business |
sol Carondelet St; Residence, 32H Grand
Route St. John, New Orleans, Louisiana. 10. |
seph Charles Jung, Business. Whitney Central
Bldg: Residence, 1925 n. Robertson ST., New
Orleans, Louisiana. Charles G. Ebert, Busi. |
ness. Maison Blanche Bldg; Residence, l433
n. Robertson St, New Orleans, La. John F. |
Williams, Business, AIS Natchez Alley; Resi- |
dence 1900 Seventh ST., New Orleans, Louisi- |
ana.
Thereafter the board of directors shall be
composed of stockholders who shall be elected
annually, beginning the first Monday of
October, 1915; any stockholder shall be eligible
to membership without regard to the number
of shares owned by him. All elections shall
he by ballot and each stockholder shall be
entitled to one vote fol each share of stock
standing in his name on the books of the cor