The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22
CHAR TER
OF KENTUCKY DRILLING COMPANY
INCOP ATEn


INCORPORATED.
United States of America, State of Louisiana,
Parish OF Orleans.
Be it known, that on this 18th day of June,
Upton, 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
ayailing 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 252 of 1910, page 1913, 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 poll
itic for the objects and purposes and under
the stipulations 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 years from date here
of; il shall have power and authority to con-
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 to further mortgage all oil mineral
leases, grants eor contracts held by it, to-
gether with all buildings, constructions and
improvements placed and erected on said
lands, or 10 be placed or erected thereon,
we'll 10 issue bonds secured by such mort
cages, 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, as said lessees 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 certih-
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 bylaws, rules
and regulations as may be found necessary
desirable for the management and bust
ness affairs OF this corporation, and generally
to 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 be
served upon the president, or in the absence
of the president, upon the vice-president, or,
in the absence OF both, upon the secretary
treasurer
Article III.-The objects and purposes of
this corporation are hereby stated and de-
clared to be:
Cd To acquire by purchase or lease, or
otherwise, lands in the Calcasieu Sulphur and
Oil fields of Louisiana, or in any other loca-
ton in this state, or elsewhere, for the pur-
pose of prospecting for and obtaining oil,
gas, salt, sulphur other minerals, and to
that end TO drill or cause TO be drilled oil
wells, or sink, or cause to be sunk shafts for
mining and to buy, lease, or otherwise acquire
drilling rigs other machinery or apparatus
necessary to fully accomplish said purposes;
and If oil other minerals are found then
to market the same to the best advantage.
~ To engage in the distribution OF oil,
gas, salt, sulphur other minerals either
produced by this corporation or other persons
or corporations by means of pipe lines, tram
ways, railroads, boats, barges or other con-
veyances, or TO lease or suitcase all or any
part thereof to any other persons or corpora
tions for the like purpose, and in order to
fully carry out said objects and purposes to
purchase, lease, or otherwise acquire pipe
lines tramways, railroads, boats, barges, tank
cars, locomotives, pumping stations, steam
plants, air plants, and all other machinery,
apparatus and paraphernalia necessary or in
cidental thereto.
81 To build construct, lease, purchase or
otherwise acquire buildings, machinery and
other apparatus for refining, smelling, manu-
featuring, or otherwise working up the pro-
ducts of mineral lands either produced by
this corporation or other persons or cor
porations, and to refine, smelt, manufacture,
or otherwise work up by-pToducts OF sald
minerals to operate the said plant and market
the products or by-products, as manufactured,
to the best advantage.
"a To carry on such other business apper-
tanning to oil, gas, salt, sulphur or other
minerals as may be necessary or desirable,
or such as are generally engaged in by
corporation of this kind.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of eleven
thousand nine hundred 10000 dollars,
divided into seventeen hundred shares OF
the par value of seven dollars each; provided
that the amount to which the capital stock
of this corporation may be increased shall
be one hundred thousand Slo0OOOOOl dollars.
Fifty per cent of the capital stock OF this
corporation must be subscribed for before the
filing of the articles of Incorporation. The
subscribed capital stock of this corporation
shall be payable in cash, property, real or
personal or for services performed or rend-
cred; and provided that if the stock is not
paid for in cash that the law as provided for
in section 3 (three) of act 267 of 1914 be IN
all respects complied with.
No stockholder shall ever be held liable
or responsible for the faults, contracts or
debts of this corporation in any further sum
than the unpaid balance due the corporation