The herald., 1914-07-09
SATELLITE OIL COMPANY

United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans.
Re it known, That on this twenty sixth day
OF the month OF June, in the year OF our
Lord one thousand nine hundred and fourteen,
and of the independence OF the nited states
of America the one hundred and thirty eighth,
before me, William Mcclellan taysSouX' a
notary public, duly commissioned and quail
hcd, in and for this city and the PARISH Of
Orleans therein residing, and in the presence
Of the witnesses hereinafter named and under
signed, personally came and appeared the sew
eral parties whose names are hereunto sub
SCribed who severally declared that, availlEg
thmcselves OF the laws Of the state OF Loulsi-
ana in such cases made and provided they
have covenanted and agreed and do by these
presents covenant and agree and bind them
selves, well such persons as may here
after become associated with them, to form
a corporation and body polite IN law for the
objects and purposes and under the articles
and stipulations following, to-wit:
Article The name of this corporation
shall be SATELLITE OIL COMPANY,
and under its said corporate name it shall
have power and authority to have and enjoy
corporate existence and succession for the full
term and period of nGcty-nine years from
and after the date hereof; TO contract,
and be sued; to make and use a corporate
seal, and the same to alter and break at pleas
ure; TO hold, receive, purchase, hypothecatc,
convey, sell, lease or pledge real and per
SOnal property; To issue negotiable bonds and
notes, or other evidences of debt; to name
and appoint such managers, agents, directors
ana OftlCcTS as IT'S business, interest and con-
venience may require, and to make and estab-
lsh. well alter and amend. from time
to time, such bylaws and regulations for the
proper government of the affairs of this cor
pordtlOn as may he necessary and proper
Article 1.-THE domcile OF this corporation
shall be in the city of New Orleans, state of
Louisiana, and all citations and other legal
process shall be served upon the president of
this coronation, or, IN the event of his absence,
upon the vice president thereof, and, in the
absence of both of said officers, upon the
treasurer OF said corporation.
Article III-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by il
hereby declared to be:
To buy and sell real estate and personal
property, and to develop the same, and to To-
cate, purchase, lease and acquire lands, with
the exclusive rights to prospect, drill. mine
bore and sink wells and shafts; to produce,
convey and transport oil, petroleum, gas and
other minerals; to carry the business of
storing and prospecting for, mining, produc-
lng, refining, manufacturing, piping, trans
porting, buying and selling petroleum and
other oil products; to buy, SELL furnish and
supply same; to operate, build, construct
pump and maintain oil and gas wells: TO
build, construct, purchase, maintain and op-
crate warehouses, pumping plants, pipe lines
rehneries. factories, mills, WORKSHOPS labora-
tories and dwelling houses for workinen and
others; to manufacture, buy, sell, import, ex-
port and deal IN pumps, drills, fuses caps
candles nitro glycerine, dynamite and the me-,
esSary machinery, engines, drills and all an
pllances and conveniences for the use in CON
nection with mining and drilling for petrol.
cum, oil and gas; and generally to do all
things incidental to and everything necessary
to carry out the said objects and purposes Of
this corporation.
Article IV.-The capital stock of this cor.
poration is hereby fixed at the sum OF fftv
thousand dollars (s50OOO divided into and
represented by two thousand (2UO) shares of
stock at the par value of TWENTY-FIVE dollars
(S25) per share. Said stock shall be paid for
IN cash or IN such installments and at such
time and after such notice to the subscribers
as the board of directors may fix, or said
stock may be issued for property actually re
celved, or labor done or services performed
but no stock shall be issued at less than mar
Inns cororpatlon may become a going con-
Germ and shall be authorized TO commence
business when and as soon as three thousand
dollars $500 OF its capital stock shall have
been subscribed for.
Article V.-All the corporate powers of said
corporation shall be vested in and exercised
by board Of directors, to be composed oi
seven O. stoc kholders, to be elected annually
on the s,eond Tuesday in June of each year
:h shall be;held and conducted at the Office Of
this corporation under such regulations as
may be Established by the board of directors
Notict. of such elections shall be given by
less than sen o5 d. DAYS puplfa plio,
| thereto IN daily newspaper published in the
English language in the city of New Orleans
a, al such elections and at all corporate
T.? one vote for each share of stock standing ir
his name on the books of this corporation
to be cast by him in person, or by writer
! shall elect N"S
Any vacancy occurring among the director.
OF this corporation by death. resignation OF
otherwise shall be filled by election for the
unexpired term by the remaining directors
failure TO elect directors on the date ahov,
specihed shall not dissolve the corporation
| nor impair its corporate existence, but IN,
directors then in Office shall remain in Office
until their successors shall have been duiy
elected and qualified. Any director shall hav,
the right TO be represented at any meeting Of
the board of directors Of this corporation by
an attorney holding said directors writer
proxy.
The board of directors shall, at its frs,
meeting and annually thereafter elect from
| among ITS number a president, a vice-presiden,
and treasurer. The bard Of directors shall
also elect a secretary, who may or NAV no
| De stockholder. The Office of secretary anC
| treasurer may be filled by one and the sam,
person, at the discretion of the board
Inc board OF directors, from time to time
| may name and appoint all such other officer.