The herald., 1915-07-15
CHARTER

L.
INCORPORATED.
United States of America, State of Louisiana,
Parish of Orleans.
BE 1t known, that on this l4th day of June,
hundred and fifteen, before me, John r.
Upton, a notary public, and for the parish
OF Orleans, state of Louisiana, duly commits
stoned and qualified, and in the presence of
the undersigned witnesses, personally came
and appeared the several persons whose
names are hereinafter subscribed of the full
age OF majority, who declared to me that
awaiting themselves of the laws of this state
relative TO the organization of CORPORATIONS
and more especially of act 267 of the acts of
1914, page Isl, OF the legislative acts of this
state, and act 232 of 1910, page $685. they have
coVenanted and agreed, and by these pres
ents do covenant and agree for themselves
and their successors and assigns to form
themselves into a corporation and body pol
tito for the objects and purposes and under
the supulations hereinafter set forth, to-wit:
Article 1.-The name and title of this cor
poration shall be Kentucky Drilling Company,
incorporated, and under such title il shall
have and enjoy succession and existence for
period OF ninety-nine years from date here
OF; 1t shall have power and authority to con-
tract, sue and be sued, make and use a cor
porate seal, the same to break and alter at
pleasure; to hold, sell, lease, mortgage, hy-
pothecate or pledge property real, personal or
mixed necessary, incidental proper for
the carrying on of its business, and, to that
end 10 further mortgage all oil or mineral
leases, grants or contracts held by it, to-
gether with all buildings, constructions and
improvements placed and erected on said
lands, or TO be placed or erected thereon, as
well as to issue bonds secured by such mort
cages, such bonds to be issued in such
amounts at such rate of interest and to run
tor such length of time not exceeding the
term OF said leases, as said lessees or gran
tees may determine; to buy and to hold stock
IN any other company or companies that may
assist this company in its objects and pur-
poses; to make and issue notes and certifi-
Gates OF Indebtedness; to name, elect and ap-
point managers, directors and clerks or other
employees to properly conduct its corporate
business and to make such bylaws, rules
and regulations may be found necessary
or desirable for the management and bust
ness affairs OF this corporation, and generally
10 do every other act, matter or thing neces-
sary for the. complete and proper carrying out
of said business.
Article 1.-The domicile of this corpora
ton shall be in the city of New Orleans,
parish of Orleans, State Of Louisiana, where
all citation and other legal process shall j.
m Tftt dos1 ril1r JIresldent- -nr n the abse'
ATticie III.-The objects and purposes of
this corporation are hereby stated ana ue
~ To acquire by purchase or lease, or
otherwise, lands in the Calcasieu Sulphur ana
oil fields of Louisiana, or IN any other locd-
ton in this state, or elsewhere, LOT tne pu;tt
pose of prospecting for and obtaining OIL
gas salt, sulphur other minerals ana 70 70
that end to drill or cause to be dTilied on
wells or sink, or cause to be sunk shaits !oI
mining and to buy, lease, or otherwise aequlle
| drilling rigs or other machinery or apparatus
| necessary to fully accomplish SAID purposes
| and If oil or other minerals are found ther
| TO market the same to the best advantage.
| (2) To engage IN the Distribution Oh on
| cas- salt sulphur or other minerals eithel
| 9Toducfd by this corporation or other persons
| or CORPORATIONS by means of pipe lines, tram
WAYS, railroads, boats, barges or otner con
| yeyances, or to lease or suitcase al oI on!
| her
tt;nrs Tor the like purpose, and in order Z
fully carry out said objects and purposes I
purchase, lease, or otherwise acquire PIP
lines, tramways, railroads, boats, oarges' tan
cars. locomotives, pumping stations, steaI
| giants air plants, and all other machinery
apparatus and paraphernalia necessary or II
| cidental thereto. -, .-L... r
otherwise acquire buildings, machinery an
. other apparatus for refining. smelling, manl
. | Featuring. or otherwise working up the PR
D, duets OF mineral lands either produced
1 this corporation or other persons OF "
. norations and to refine, smelt, mahuIaotuI.
D o. otherwise work up by-products OF sal
$ minerals to operate the said plant ana marx
{ the products or by-products, as manufacture
r to the best advantage. ,:.. ann.
- (4 To carry on such other business apps
tanning to oil, gas, salt, sulphur or ot n
: minerals as may be necessary or oesIaoi
: ~ such as are generally engaged IN by
# corporation of this kind. a.. =,
e Article IV.-The capital stock OF this &C
!. onat;on i hereby fixed at the sum of elev
h tho thousand u nine hundred Csii;9OooO dollal
!. dY;ded into seventeen hundred shares.
E. the par value of seven dollars each; pTovid
II that the amount to which the capits5i s sb,
N of this corporation may be increased Sn
\. be one hundred thousand CslOC,OooOo( d3lla
al Fifty per cent Of the capital stock Se OF Il
<. corporation must be subscribed for before
= ding of the articles of Incorporation.
:, n iins canital stock of this corporate
II Shall Shall be payable in cash, property, real
~ personal or for services performed or re,
k cred and provided that i the stock n9Sxid IS
ng paid for in cash that the law 16z a. 81 iSI4 be
IN ali respects complied with. II, =.
IN AZ No stockholder shall ever be held la
he or responsible for the faults contracts st,L.t
RS debts of this corporation IN any iurtn nor,t
in than the unpaid balance Que INC eOipO-4