The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-03
CHARTER

Parish Of Orleans, City OF New Orleans.
Be it known, that on this 2lst day OF the
month OF May of the year OF our Lord, nine
teen hundred and fifteen, and OF the indie
pendence OF the United States Of America,
the one hundred and thirty ninth, before me, |
Charles +. FletChIngeT, a notary public, duly |
ommissioned and qualified. IN and for the !
parish of Orleans. state OF Louisiana, therein /
residing, and IN the presence OF the witnesses
hereinafter named and undersigned; person
| ally and appeared the several persons !
whose names hereunto subscribed, who
severally declared sthat availlng themselves
| OF the laws of this state IN such cases made |
and provided, they have cOvenanted, and do
| by these presents covenant, agree and bind
| themselves as well such persons as may
hereafter become associated with them, 10
/ form and constitute corporation and body
| polite in Law for the objects and purposes,
and under the terms and conditions follow
ing to-wit:
Article This corporation shall be known
| BY the name Lake End Oil Company, Inc.
| and such shall have continuous succession
| for ninety-nine years, unless sooner DIS
solved; and shall have power to sue, and to
be sued, TO acquire and hold by purchase,
lease or otherwise, property real and personal,
| movable, immovable and mixed, and the same
to sell, lease, mortgage, pledge, hypothecate
or otherwise dispose OF IN any and every
manner whatsoever; to draw, make and en-
dorse bills OF exchange and promIssory notes,
and 10 issue bonds TO elect and appoint such
officers, directors and agents as the interests
Of the corporation shall require, and 10 make
all necessary bylaws and regulations Tor the
proper management OF its affairs, and the
same to alter, amend repeal at pleasure;
and generally to exercise all powers that are
conferred on corporations, organized Tor the
purposes hereinafter stated
Article 1.-THE domcic Of this corpora
ton shall be at New Orleans in the parish of
Orleans, state OF Louisiana; and all citation
and other legal process shall be served on the
president OF this corporation, or IN the event
of his absence, upon the vlce-presldent, or
in the event of the absence of both OF the
l11, nod 9TH he farIy-f Tsa
uref, at the Office of the company, or in the
event OF the absence OF all OF the above, upon
any director.
Article III-The objects and purposes for
which this corporation is organized, and the
nature of the business to be carried on by
it. hereby declared to be as follows,
: to-wit:
To buy. sell, lease, rent. hold and other
wise deal in, and enter into contracts re-
. gardirg lands Of every description; TO pros
pect for. mine. produce and refine all kinds
: OF minerals; to prospect and explore for, and
! sink wells for the production OF fuel, lubri-
5 eating, illuminating, and all other kinds of
oils, and for the production of gas in the
state of Louisiana, and in other parts Of
the United States, and in foreign countries ;
! to buy, sell and trade in all kinds of oil and
gas, and other mineral products in the state
8 Of Louisiana and in other parts of the
United States, and in foreign countries;
! to erect structures OF every nature whatso-
= ever, including oil tanks and buildings for
. the purpose of refining or otherwise treating
Z ,
y to buy, sell, own, hold, lease and operate
i lands. pipelines. railroad spurs, or switch
: | tracks, warehouses, telephone and telegraph
= lines, barges and other water crafts of every
: description, incidental to, or in conjunction
; with any OF the powers and purposes herein
: above set forth. and generally to carry on any
operations. and engage in any business il
-. furtherance Of the foregoing, not inconsistent
y with the constitution and laws of this state
~ or of the United States.
p Article 1N.-The capital stock of this cor
=, into and represented by three hundred share
u Of the par value of $1,000 each. The amour
4; of capital stock may be increased to $4,000
4 by vote of two-thrds of all outstanding
"a stock, and according to the laws of the stat
10 of Louisiana.
W All subscriptions shall be paid for in cash
., property or services, at such time that tn
I" board of directors shall require, and the law
!; begin to do business, when Sl5,00000 of til
~ capital stock has been subscribed for, 50 pc
" cent paid, and the remainder of the authorize
=; ~ stock shall be issued at such time, and upo
~ such terms and conditions as the board O
III directors shall determine.
=. No shareholder of this company shall, a
Sc any time, offer his stock for sale either pr
I u, vately or in the open market, without havin
III previously offered to sell such stock at tn
~ lowest price he is willing to accept therefor
.e to the other shareholders of the company b
~ means of written communication, addresse
~ to the ranking officer of the company, presen
III in the city Of New Orleans, and in the fo
VI lowing manner, to-wit:
Such ranking officer upon receipt of sue
70 communication shall forthwith instruct tn
u secretary to mail within FIVE days of tn
ne date Of such offer, notice addressed to eac
=. shareholder of the company, stating tn
- number of shares so offered, and the pric
=, thereof, and calling upon each shareholde
III to signify in writing within three days
al the receipt of such notice how much of sal
~ stock, If any, he desires to purchase at sal
ne price. Should the total number of share
ay which the various shareholders signify the
-, desire TO purchase, in reply TO such motto,
IN IN exceed the number of shares offered for sail
az the shares offered shall be distributed anon
a.: the prospective purchasers in such proportio
III as the number of shares that each shareholds
Il. signihes his desire to purchase, bears to tn
ns total number of shares for which there al
ca prospective purchasers; should the number I
on shares offered for sale exceed the total nun
u Der OF shares which the various shareholder
leI signify their desire to purchase, the offer,
s. shall be at liberty to dispose Of such exces
=. in such manner as he shall see ht, provide
- that the price at which he sells such stoc
@ be not less than that designated in his off,
y to the other shareholders.
All transfers of stock shall be made on 4
x books OF the company, and no transfer sha
,s IN any way be binding upon the corpori
tIon' unless and until, 1t is made in Il
4, above described manner.
- Each share of stock shall entitle the own,
=. thereof, either in person or by proxy, 70 ca
~. one vote at all meetings of the stakeholder
y" Article V.-The officers Of this corporatio
shall be a president, a vice-president and
secretary-treasurer.
The powers of this corporation shall
vested in and exercised by board of dire
tors, composed of the three above mentione
cheers, and four other shareholders Thr,
| directors shall constitute a quorur for u
transaction % all business.
The officers and the board of directo
hereinabove provided for, shall be elects
annually at meeting of the shareholder
TO be held on the second Monday in Nav, n
legal holiday, in the year 1916 and in eas
and every succeeding year thereafter aft
fifteen days notice in writing mailed to ear
shareholders last known address; and SUI
Il officers and board of directors shall ser,
. until their successors shall have been elects
and qualified.
Special meetings of the shareholders ma
o. be held, at the request of a shareholder
shareholders, whose holdings amount to
i least 2S per cent of the outstanding stock ,
by the order Of the board of directors, q
their own volition, after fifteen days motto
in writing, as above provided, stating Il
object of such meeting.
Any vacancy in the officers or in the boar
of directors, arising from any cause vha
| soever, shall be filled for the unexpired ter
by the remaining directors.
III Any director who may be absent from Ii
l state of Louisiana shall have the right
appoint any shareholder of the company /