The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22

SULPHUR AND OIL
COMPANY, INCORPORATED


| ultcd States Of America. State ut Louisiana,
Parish OF Orleans.
BE II known, That on this 2th day Of the
month of July, IN the year one thousand nine
hundred and fifteen. before me. Francis Z.
Burns, notary public, IN and for this city
and the Parish OF Orleans, State OF L0ulsl-
qualified. and IN the presence of the witnesses
hereinafter named and undersigned person
ally came and appeared, UrSt, J. G. Woods;
second, W. ". Hines, director and secretary,
respectively, OF the Louisiana sulphur DrllI-
| ing Company Incorporated; third. b. :. Hood;
fourth, W. W. Hines, prcsIdenr and score
tary, respectively, OF the United Drilling
Company, Incorporated; NTH, !. =. Jngcr;
sixth, W ". Hines, president and secretary,
respectively, OF Kentucky Drilling Company,
| incorporated, all Of the aforesaid corporations
| being organized under the laws OF the State
| Of Louisiana and domICIlcd and doing buSI-
ness IN the city of New Orleans, duly author
| ICED TO appear herein by virtue OF resolutions
OF the Boards OF Directors Of the Louisiana
| sulphur Drilling Company, incorporated,
United Drilling Company. Incorporated, and
Kentucky Drilling Company. Incorporated,
| dated the twentieth day OF July, one thou
sand nlEe hundred and fifteen. certified copies
| OF which resolutions are hereuuto attached
| and made part hereof for reference; and GER
| tined copies Of the resolutions of the stock
holders meetings of the Louisiana Sulphur
| Drilling Company, Incorporated United Drill
ing Company, incorporated, and Kentucky
| Drilling Company, Incorporated, each held
on July 10Th, 1918, showing that the assent OF
l
| the capital stock of each of the aforesaid con-
| stituent companies was given to this CONSOLE
| daton, copies of which resolutions are hereto
| annexed and made part hereof for reference.
| The said appearers declared that availIng
| themselves of the provisions OF the laws OF
| the State OF Louisiana relative to the merger
| and consolidation Of business and mauufaC-
| turing corporations, whose objects and bust
ness of the same nature. and particularly
| of Act No. lSS of 1874. of the General Assem-
| bly, OF the State OF Louisiana, they do by
hos for 4lHr1g glNrpS heir -
| atcs, successors and assigns, as well as such
other persons who may hereafter become assp-
ciated with them, form, unite, merge, con-
Solidatc, organize and constitute a corpora
ton, hereby TO be formed by the union and
merger Of said Louisiana Sulphur Drilling
Company, incorporated, said United Drilling
| Company, Incorporated. and said Kentucky
Drilling Company, Incorporated, for the pur-
poses and under the stipulatIons and agree
ments hereinafter set forth and expressed.
which they hereby adopt their charter Or
articles OF Incorporation, tO-wIt:
| Article 1.-The name and title OF this cor.
poration shall he Consolidated Sulphur and
lOil Company, Incorporated and under such
little II shall have and enjoy succession and
lexistence for a period OF ninety-nine years
from date hereof: II shall have power and
authority TO contract, sue and be sued, make
and use . corporate seal the same to break
and alter at pleasure; to hold, sell, lease,
mortgage, hypOtheCate or pledge property,
real, personal mixed, necessary, incidental
or proper for the carving OF its business,
or mineral leases, grants or contracts held by
it. together 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
gage, such bonds to be issued in such
amounts, at such rate OF interest and to run
for such length OF time, NOT exceeding the
term of said leases. said 'essees or gran
tees may determine; to buy and hold stock
in any other company or companies that may
assist this company in its objects and pur-
. 10 nd and
Gates of Indebtedness; to name, elect and APP
point managers, directors and clerks or other
employees to properly conduct ITS corporate
business, and to make such by avs, rules
and regulations as may be found necessary
or desirable for the managemont and business
affairs of this corporation, and generally tc
do every other act, matter or thing necessary
for the complete and proper carrying out OF
said business.
Article 1.-THE domicile Of this corporation
, shall be in the city OF New Orleans, Parish
of Orleans, State of Louisiana, where all CT
tations and other legal process shall be served
upon the president, or i'll the absence OF the
/ president, upon the first vice-president. o,
} second vice-presdent, or IN the absence Of al
of these officers, upon the secretary.
Article III.-The objects and purposes o.
this consolidated corporation are hereby
stated and declared TO be:
D On To acquire by purchase or lease. or 9th
erwise, lands in the Calcasieu sulphur anC
; oil fields of Louisiana, or IN any other Ioca
ton in this State, or elsewhere, TOR the pur
= =
salt, sulphur or other minerals, and to tina
{ end to drill cause to be drilled, oil wells
. | or sink. or cause to be sunk shafts for min
, ing. and to buy, lease, or otherwise acquir
. drilling rigs or other machinery or apparatu
, necessary to fully accomplish said purposes
Y and if oil or other minerals are found, thel
. ! 10 market the same to the best advantage
IL C) Engage in the distribution of oil. gas
, salt, sulphur other minerals either pro
r duced by this corporation, or other person
e or corporations by means OF pipe lines tram
4 l. I1at nj
r yeyance or TO lease or suitcase all or an
4 part thereof to any other person or corpora
: tian for the like purpose, and in order I
d fully carry out said objects and purposes I
b nurchase lease, or otherwise acquire pip
L lines tramways, railroads, boats, barges, tan
e cars, locomotives, pumping stations, steal
lplants, air plants. and all other macnin I,
V iDaraphernalia necessary or incidental theret'
> | (3) To build, construct, lease, purchase,
!, otherwise acquire buildings, machinery an
It other apparatus for refining, smelling, mar
II lufacturing or otherwise working up the proc
e ucts of mineral lands either produced by I'M
/ icorporatiOn or other persons or corporation
is and to refine, smelt, manufacture, or othe
It wise work up by-products OF said MINER
n to operate the said plant and market II
k products or by-products, as manufactured
( the best advantage.
r "a To carry on such other business dPpee
IS tanning to oil, gas salt, sulphur or other NIL
e erals as may be necessary or deslraoIe'
,e such as are generally engaged III by co
id poraton OF this kind. It. -
/.
m noration is hereby fixed at the sum OF thIrt
" thousand and seventy-two (S3O,T2Oo) dollar
4 divided into four thousand two hundred al
r;uetv-six (42o6) shares of the par value
,e seven (S7OO) dollars each; provided that u
DR. amount TO which the capital stock OF IN
m corporation may be increased shall be I"
IS hundred thousand (s2O0,0OO0O) dollars.
re | Fifty per cent 70 the capital stock OF IN
ct lcorporation must be subscribed for before I,
a filing of the articles OF Incorporation.
le Subscribed capital stock OF this corporate
~ shall be payable in cash, property; real
m nersonal or for services performed or re
k. dered: and provided that il the stock IS n
lnaid for in cash that the law as provided
is section three 90 of Act 267 OF 1914 be IN
~ respects complied with. ,y
f. No stockholder shall ever be held liable
r responsible for the faults, contracts or oeu
or ~ this corporation in any further sum IN;
ne the unpaid balance due the corporation
e. the shares. of stock subscribed Tor by M
he nor shall any mere informality IN the orga
d. lization have the effect of rendering TINS cha
We ter null or of exposing any shareholder
nd any liability whatsoever.
in 1 This CORPORATION shall not begin 10 DO Du
is ness and be a going concern until ten tno
sand (slO.OOOOO) dollars of the capital sto
on shall have been issued and paid tor. eltn
r. in cash, services in property as aforesa
he ! IL anv of the aforesaid stock of this corpoi
at ton is paid for in property, in that event
IA terms and provisions of Section Stwo'
or Paragraph &C. of Act 267 of 1914 shall
strictly complied with. -. >,
d. | Article V.-All the corporate powers OF u
lis corporation shall be vested in and exercis
b. lbv a Board of Directors to be composed
IS fifteen OS) stockholders. each OF whom sh
Nv own, in his own right, during his term OF
IS. 6ce. at least one full-paid, non-pledged sn;
II Ill r. cho w