The herald., 1915-01-14

New Orleans. December 81, 1918
,Ngncd EMILE !. LEONARD, by. X.
ANTIIONY J. ROSSI Not Pub.
Jan. ! "a p Is Feb. II.
CHARTER
OF UNITED DRILLING COMPANY, INC
United States OF America, State Of Louisiana
Parish of Orleans.
BE 1t known, That on this l+th day Of De
CCmber, IN the year Of Our Lord One IAOu-
sand Nine Hundred and Fourteen, BEFORE me-
Francis +. Burns, Notary Public, Ia and for
The Parish OF Orleans, State Of Louisiana, duly
COMM s>iuucd and qualified, and IN the pres
cuCe 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,
availIng themselves of the laws Of tins State
relative 10 the organization Of corporations,
and more especially Of Act POI Of the Acts OF
1914, page 81, OF the legislative Acts Of this
State, and Act 232 OF 1910, page 1913, they have
COVenautcd and agreed, and by these present,
do covenant and agree for themselves and
their successors and assigns, to form them
selves into corporation and body polite,
for the objects and purposes and under the
stlpuatluns hereinafter set forth, iO-wlt:
Article The name and title Of this cor
pOratlOn shall be United Drilling Company
incorporated, and under such title II shall
have and enjoy succession and existence for
period Of nInety-niuc year, from date here
Of; IT shall have power and authority TO con-
tract, sue and be sued. make and use Corpor-
ate seal, the same to break and alter Al plea
sure; 10 hold, sell, lease, mortgage, hypothe-
cate or pledge property, real, personal or
mixed, necessary, incidental proper Tor the
carrying on OF its business, and to that end
to further mortgage ALI oil or mineral leases
all buildings, constructions and Improvements
placed and erected on said lands, or to be
placed or erected thereon, as we'll 10 issue
bonds secured by such mortgages, such bonds
.. ha led IN svFh ~ raj at
interest and TO run Tor such length Ot time
not exceeding the terms Of said leases as said
lesSees or grantees may determine; TO buy and
to hold stock III any other company or com
panies that may assist this company in its Oh
JcCts and purposes; % make and issue notes
and certificates Of Indebtedness; to name,
elect and appoint managers, directors and
clerks or other employees TO properly conduct
its corporate business, and TO make such by
laws, rules and regulations as may be found
necessary or desirable for the management
and business affairs OF this corporation, and
generally to do every other act, matter or
thing necessary 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 or 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
Article III.-The objects and purposes of
this corporation are hereby stated and de-
clared 10 be:
/. To acquire by purchase or lease, or other
WISE lands in the Calcasieu oil fields OF Lou
isiana, or in any other location in this State
or elsewhere, for the purpose Of prospecting
for and obtaining oil gas, salt, sulphur or
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 or
other machinery or apparatus necessary 10
f,,11, 1tgh I
other minerals found, then to market
the same 20 the best advantage.
, To engage in the distribution OF oil, gas,
salt, sulphur or other minerals either pro-
duced by this corporation or other persons or
corporations by means OF pipe lines, tram
ways, railroads, boats, bargcs or other con
'veyances, or TO lease or suitcase all or any
part thereof to any other persons or corpora
lions for the like purpose, and IN order 10
fully carry out said objects and purposes 20
purchase, lease, or otherwise acquire pipe
lines, tramways, railroads, boats, hargcs,
tank cars, locomotives, pumping stations
steam plants, air plants, and all other machiu-
cry, apparatus and paraphernaha necessary o'
incidental thereto.
B 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 10y
this corporation or other persons or corpora
tions. and to refine, smelt, manufacture or
otherwise work up by-produCts Of said miner
ais, TO operate the said plant and market the
products or by-productS, as manufactured, TO
the best advantage.
4. To carry on such other business appertain-
ing to oil, gas, salt, sulphur or other minerals
as may be necessary or desirable, or such as
are generally engaged in by a corporation
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum OF Flt-
teen Thousand (Sl5,OOOO0) Dollars, divided in.
to fifteen hundred shares of the par value of
J,Il ed amount
which the capital stock of this corporation may
be increased shall be One Hundred thousand
(Sl0O,OO.OOj 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
Lpersonal or for services performed or rem
Fdered. and provided that if the stock is not
paid for in cash that the law as provided for IN
| Section of Act POI OF 1914 be in all respects
complied with. ,,,,,
responsible for the faults, contracts or debts
of this corporation in any further sum than
the unpaid balance due the corporation on the
| shares of stock subscribed for by him, nor
shall any mere informality in the organization
| have the effect Of rendering this charter null
or of exposing any shareholder to any liability
whatever.
| This corporation shall not begin to do busi-
| ness and be a going concern until Twelve
| Thousand (Sl2OOO0O Dollars of the capital
| stock shall have been issued and paid for,
either in cash, services in property as afore-
| said If any of the aforesaid stock of this
corporation is paid for in property, IN that
event the terms and provisions Of Section OF
paragraph "C' of Act 267 Of 1914 shall be
Strictly complied with.
| Article V.-All the cooperate powers OF this
corporation shall be vested in and exercised
| by Board of Directors to be composed OF
seven stockholders, each of whom shall own
| in his own right, during his term Of office,
at least one full paid, non-pledged share OF
stock, which shall be shown by his written
declaration, four of whom shall constitute a
quorum for the transaction Of business; pro-
| yided the board of directors shall have power
/ to increase, in their discretion, the number
| of directors from seven 10 fifteen, IN which
event eight shall constitute a quorum.
| The officers Of this corporation shall consist
of President, Vice President Secretary and
| Treasurer all of whom shall be members o.
| the Board Of Directors. The offices OF Secre
tary and Treasurer may be held, if desired, BY
one and the same person.
| The following named persons shall constitute
the board Of directors Of this corporation, to
wit: w. A. Collins, Hattiesburg, Mississippi
George II. Carter, Hattiesburg, Mississippi; 4
II. Gooch, Hattiesburg, Mississippi; w: II
Harris, Hattiesburg, Mississippi; b. S. Hood
Bond. Mississippi: R. N. Davis. Perkinston
Mississippi: w. W. Hines, New Orleans. Lou
,lAv1