The herald., 1914-01-15
CHARTER
OF THE CENTRAL GAS AND OIL

Of Orleans, and IN the presence Of the VIZ
uesscs hereinafter named and undersigned
personally came and appeared, the several per
sons whose names are hereunto subscribed
/ Who seveTally declared:
| That avaIling themselves of the provisions
Of the laws OF this state relative TO the or
! ganIzation Of corporations, they have con
! rraCted and agreed, and do by these presents
contract, agree and obligate themselves INTO
and constitute a corporation and body polltlc
in law, for the object and purposes and un-
der the conditions and stpuiations Of the
| articles following, to-wIt:
Article The name and title OF the sand
rorpuratl0u shall be The Central Gas and
Ion Company and under its said corporate
name n shall have power and authority; and
shall enjoy successor ior the iuL term ana ana
period Of uIncty-niue CyD years from and
| after the date hereof: TO contract, sue and be
! sued TO make and use corporate seal, and
the same 70 break and alter At pleasure; to
| purchase, receive, lease, hold and convey,
! as we'll as mortgage and hypOthcCdtc under its
] corporate name, property both real and per
: syual, 90 name and appoint such managers
| and directors, officers and agents as the m
| fcrcst and convenience OF saId corporation
may require, and to make and establish, as
| well ds alter and amend at pleasure, such by
laws, rules and regulations tor the proper
lmaragcmert and regulation OF the AFFAIRS Of
| said corporation, may be necessary and
! proper.
Article 1.-THE domicile Of the said corpo.
ration shall he at New Orleans, parish OF
! Orleans, state Of Louisiana. and all citations
or other legal process shall be served upon
the president Of said corporation, or, in case
| OF his absence, upon the vice president, or
in the absence Of both Of these officers, upon
| the secretary Of the corporation.
Article IIl.-The objects and purposes for
which this corporation IS established, and
| the nature Of the business to be carried on
by II. are declared and specified to be: to
purchase, own, hold, sell, mortgage, lease,
| ALLEVIATE, receive and otherwise acquire and
dispose OF real estate, OIL and mineral land,
gas land and oil, mineral and gas rights, and
any other interest in lands, both IN Louisiana
| and elsewhere. To buy, sell, own, lease or
otherwise acquire, and to operate and main
tain as principal or as agent IN this state, or
elsewhere, drilling outfits, machinery, appll-
| snCcS, apparatus and buildings of every de-
| sCription, used or suitable for in the eN-
traction OF OIL, gas, or any other minerals
from the earth, and for the housing, prcscr-
walton, handling, refining and transportation
Of the same when so extracted, and partlCu-
larly storage tanks and pipe lines, all solely
for the uses of ITS own business and without
power of eminent domain; to buy sell or
otherwise acquire and ALLEVIATE, and to es-
tablish, export or import oil, minerals and
mineral products of all kinds and in connec-
ton with SAID objects, 10 lease, buy, sell,
build, or otherwise to acquire, and TO locate
and maintain warehouses, sheds, storage
tanks, tank cars, dwellings, storehouses and
| repair shops; to sell merchandise and carry
on general store and commssary. and TO
conduct hotels, boarding houses and lodging
houses TOR ITS agents and employees, and
generally to hold and exercise all such incl
excluded, as relate to the objects herein
before set forth.
Article IV.-The capital stock of the said
corporation is hereby fixed at forty thousand
| (S40,0OO.OO and O0-I0O dollars, divided into
and represented by one thousand six hundred
| U,6OO) shares of twenty-five (S2S.0O) dollars
each. The whole of the said stock or any
part thereof may be issued and delivered to
| any person, hrm or corporation for the &C
quirement OF rights, privileges, franchises and
| property purchased and acquired by the cor
| poration, also in payment, settlement and ad-
Justment OF the costs, fees, charges and cx-
penses and commission incurred for services
| rendered in the formation and organization
| of this corporation, and in acquiring and
| bringing about the purchase of the property,
| rights and franchises, aforesaid; also for
| cash or in installments OF such amount as
the board of directors may determine; also
| for merchandise received services actually
! rendered to this corporation. The board Of
| directors, as hereinafter created, is especially
authorized TO dispose of the stock of this cor
poraation IN whole, or in part, for any and all
OF the purposes above stated, as in its judg
| ment may seem fair and proper. This cor
pOration shall begin business as soon as three
| thousand (S5OU.OOl dollars of its stock shall
| have been subscribed.
| Article Vail the powers of this CORPORA
| tion shall be vested in and exercised by the
| board OF directors, composed of seven o.
| stockholders, and any four Cd of whom shall
| business. The said board of directors shall
be elected annually on the first Tuesday in
May OF each year The first election to be
! held in the year 1914.
| All elections shall be by ballot at the Office
OF the corporation, under the supervision of
| three 80 commissioners to be appointed by
| the board OF directors, and, in the asence of
any commissioner, the president shall have
| The power to hll the place by appointment
and all elections we'll as meetings of stock.
holders, except for the purpose of liquidation
| or dissolution, or otherwise required by
| law, ten (lO) days notice shall be given by
| mailing to each stakeholder who appears as
such on the books of the corporation at his
| last designated address or TO the general de-
| livery at New Orleans, if he has not desio.
| mated his address, an announcement stating
| the time and place of the meeting Each stock.
| holder snail be entitled TO one vote for each
| snare OF stock standing in his name on the
| books OF the corporation, cast in person or by
proxy, and the majority of the votes cast shall
| elect. The board of directors shall have the
power TO NIL all vacancies that may occur On
| the board. Failure to elect directors on the
day above specified shall not dissolve the
corporation, but the directors then in Office
snah remain IN oihee until their successors
| are elected and qualified Dus notice of an
other election shall forthwith be given. as
| ABOVE provided. Such notice of election shall
De continued until an election is held.
| lhe board of directors at the first meeting
| following an annual election shall elect from
| their number a president, a vice-president
| a secretary and treasurer, all of whom shall
Se stoekhoideIs, and such other officers as the
| board shall deem necessary.
| The board of directors shall have the power
to make and establish, as we'll as alter and
| amend, all bylaws, rules and regulations
| necessary and proper for the support and man.
| agement OF the business and affairs of this
corporation, not inconsistent with its charter
The said board shall have full power and
| authority TO borrow money through its presi-
| dent or some other duly authorized agent or
agents; TO execute mortgages and issue notes
| bonds or other obligations in such a manner
| and on such terms as in their judgment NAV
| be advantageous, and generally to do all the
things necessary for the proper Carving or
issue and deliver full paid shares of stocks
| and bonds or other obligations of the said
| corporation in payment of the money bor.
| rowed, or money, labor, services, property or
| rights actually received by the said corpora
tion, as heretofore set forth.
Until the next meeting of the stockholders
to be held under this charter, the board OF
directors shall be composed of A. G. Gugel,
!; ID. Hayward, Jr., Adam Lorch, Jr., J. X
| Byrne, DR.. Arthur Cairo, J. II. Judge, and
| Ernest DiOnne, with A. q. Gugel as PRESIDENT
!; ID. Hayward, Jr., as vice president and ].
| H.. Judge as secretsry-treasurer.
Article Nl;-Whenever this corporation shall
be dissolved by limitation or otherwise its
affairs shall be liquidated by three commits.
sioners, elected by the stockholders at a meet
ing called tor that purpose, as hereinafter
provided, and said commissioners shall have
| tull power TO act in all matters appertaining
to the winding up of the affairs Of said cor.
poration. The surviving commissioner or com.
missioners shall have power to fill any va.
cancy that may occur.
Article NIl.-This act of incorporation nav
De altered, amended or modified or the
said corporation may be dissolved with
the assent of three fourths of the capital
stock represented at a special meeting. called
i9r sueh purpose, after notice to such effect