The herald., 1915-06-10
CHAR

OF LANE END OIL COMPANY. INC.
United States n America. State OF Louisiana,
Parish 81 Orleans, City Of New Orleans.
BE Il known, that on this 2lst iav Of the
month d May OF the year Gf our Lord. nine
teen hundred and fifteen. and Of the iude-
DcndeuCc lT the United States II America.
tlarlcs 7. FIetCIIuger, j notary public. duly
commissioned and qualified in and for the
parish DT Orleans, state Of louisiana, therein
residing. ana n The presence 1t the witnesses
hereinafter named and undersigned. person
ally came and appeared the several persons
whose names are lcreuntu subscribed. who
severa.ly declared that avaILug themselves
81 the Jaws IT thIS state II such cases made
and provided. thew have cuveuanted. and do
by these presents covenant, agree and bind
themselves. IS well as such persons as may
hereafter become associated with them. 20
-aru ami constitute curDOrltaIUn and BODY
polite N law for the objects and purposes.
and under The terms and conditions follow
ing tO-wrt.
Article This corporation shall Be known
Dv The name Lake End OIL Company. Inc
and such shall have continuous succession
tor nIuety-nlne years, unless sooner dis
solved. AMI shall have power 20 sue, and to
re sued. 70 acquire and hold by purchase.
ease or otherwise, property real and personal.
movable, ImmOvabie and mixed. and the same
20 sell, lease. mortgage, pledge. lypOthecate
1T otherwise dispose OF n any and every
manner whatsoever; 70 draw, make and
lurac Dl-lS d exchange and promlsSOry notes.
and TO issue bonds. 10 elect and appoint such
1ttcers, directors and agents the interests
Of the corporation shall require, and 20 make
all necessary bylaws and regulations Tor the
proper management u It's affairs. and the
same 20 alter, amend or repeal At pleasure:
and generally 10 exercise all powers that are
conferred on corporations, organized for the
purposes hereinafter stated.
Article 1.-The dorncile Of this corpora
ton shall be 1t New Orleans II the parish OF
Orleans, state OF Louisiana, and all citation
and other legal process shall De served on the
president nf TINS corporation, or III the event
II ms absence. upon the ICe-presIdent, or
N the event 81 the absence Of both 81 the
above named officers, on the secretary-treas-
urer. at the office OF the company. or IN the
event 81 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 20 be carried on bv
to-wlt:
II buy, sell. lease. rent. hold and other
wise deal III, and enter into contracts re-
Sardirg lands Of every description, 20 pros
pect TOT, NINE. produce and renue all kinds
u minerals; to prospect and explore for. and
sink wells for the production OF fuel, lubri-
eating, Illuminating and all other kinds OF
OILS, and for the production Of gas IN the
state OF Louisiana. and N other parts OF
the United States, and in foreign countries:
TO buy, sell and trade IN all kinds OF oil and
FdS. ana other mineral products IN the state
OF Louisiana and in other parts of the
70 erect structures Of every nature whatso.
ever, including oil tanks and buildings for
the purpose OF refining or otherwise treating
all kinds OF oil and other mineral products;
70 buy, sell. own, hold. lease and operate
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 anv
operations, and engage IN any business in
iurtherance OF the foregoing, not inconsistent
with the constitution and laws of this state
Or OF the United States
Article IN.-The capital stock of this cor
poratlOn is hereby hxed at S50OO0OO. divided
INTO and represented by three hundred shares
NJ the par value of $4,000 each The amount
II capital stock may be increased 20 S2lOOOO
by vote OF two-thirds OF all outstanding
stock, and according 10 the laws of the state
Of louisiana
All subscriptions shall be paid for in cash.
property or services, at such time that the
board OF directors shall require. and the laws
n tins state provide The corporation shall
begin 70 do business, when Sl5.OOlOO Of the
capital stock has been subscribed for 50 Der
cent paid. and the remainder of the authorized
stock shall be issued at such time and upon
SUCH terms and conditions as the board OF
directors shall determine.
No shareholder OF this compauv shall n
any time, offer his stock for sale citber mr.
Vateiy or III the open market, without having
previously offered to sell such stock at the
.owest price he IS willing to accept therefor
10 the other shareholders OF the comDauv nv
means Of 4 written communication. addressed
20 the ranking officer Of the company present
IN the city OF New Orleans and in the fol-
lowing manner. to-wit:
such ranking officer upon receipt of such
communication shall forthwith instruct the
secretary to mail within I'VE DAYS of the
date OF such offer, 4 notice addressed to each
Shaieholder OF the company, stating the
number OF shares offered. and the price
thereof and calling upon each SHAREHOLDER
20 signify IN writing within three davs of
me receipt OF such notice how much OF said
Stock II any, he desires to purchase at said
price. should the total number of shares
winch the various shareholders signify their
desire to purchase, in reply to such notice
exceed the number Of shares offered for sale
ne shares offered shall be distributed among
me prospective purchasers in such prOpOrrion
as the number OF shares that each Shareholder
aignlHes ms desire 20 purchase bears 10 the
-otdl number OF shares for which there are
prospective purchasers; should the numhrr of
shares offered for sale exceed the total num-
Der OF shares which the various shareholders
signify their desire TO purchase, the ofTerrr
'naIl ne at liberty 70 dispose OF such excess
N suGh manner as he shall see 1T, provided
tnat the price at which he sells such stock
De not less than that designated II, his 81
70 the other shareholders
All transfers of stock shall be made IN he
oooks OF the company, and no transfer shall
N any way be binding upon the corDora
non, unless. and until, IL IS made IN ~.
above described manner
Eacn share OF stock shall crtitle the ovvu.-
theTeof, elther IN person or BY proxy, 10 cast
one vote az all meetings of the Stockholders
Article N.-The officers of this corporation
snail De president, 4 vice-president and a
secretary treasurer
lhe powers of this corporation shall he
vested IN and exercised BY board of dir.
tors, composed OF the three above mentioned
G-hcers, and tour other shareholders Three
directors shall constitute a QUORUM for the
transaction Of all business.
Inc officers and the board of directors
hereinabove provided for shall be elected
annually at a meeting of the shareholders
to be held on the second Monday in Nav. NOT
4 legai holiday, in the year 1916. and in each
ana every succeeding year thereafter after
ntteen DAYS notice IN writing, mailed to each
shareholders last known address: and such
otlcers and board of directors shall se-v-
and qualified.
SPECIAL meetings Of the shareholders NAV
De held, at the request Of a shareholder or
9harehoiders, whose holdings amount to ar
ieast > per cent of the outstanding stock. or I
~ the order Of the board of directors. ar,
heir own volition, aftef fifteen days notice
n writing, as above provided, stating the
'blect of such meeting.
Any vacancy in the officers or in the board
4 directors: arising from any cause what
oeVer, snail De nlled TOR the unexpired term
~ the remaining directors
Any director who NAV be absent fror, .b. |
tate of Louisiana shall have the right 10 |,
ppoinf any shareholder of the company 10