The herald., 1915-07-29
CHARTER.
lONSOI Id AIEh SI-I pIII-R

Parish of Orleans
lie IL known, That on this 2Uth day Of the
month OF July, in the year one thousand nine
hundred and fifteen. before me, Francis p.
Burns, notary public, in and Tor this city
! and the Parish of Orleans, State of Louisi-
| ana, therein residing duly commissioned and
qualihed, and IN the presence OF the witnesSe,
| hereinafter named and undersigned, person
ally came and appeared, nrSt, ]. c. Woods
second, W. W. Hines, director and secretary,
| respectively, OF the Louisiana Sulphur Drill
| ing Company Incorporated; third, Il. s Hood
| fourth, W. W. Hines, president and secre-
| tary, respectively, OF the United Drilling
Company, Incorporated; fifth. J. 7. Unger;
sixth, W. 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 bust
| ness IN the city of New Orleans, duly author
/ ized 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 nine hundred and fifteen, certified copies
| OF which resolutions hereunto attached
! and made part hereof for reference: and GER
| tined copies of the resolutions Of the stock
nnoiq1ers meetings OF the Louisiana Sulphur
| Drilllng Company, incorporated. United Drill
| ing Company, incorporated. and Kentucky
| Drilling Company, Incorporated, each held
on July 10Th. 1915, showing that the assent of
| the owners of more than th7ee-ffthS S.5D of
the capital stock of each OF the aforesaid con-
| stltuent companies given to this couSoli-
| datlon, copies of which resolutions are hereto
| annexed and made part hereof for reference.
| Inc SAID appearcrS declared that ayailinp
| themselves OF the provisions OF the laws of
the State OF Louisiana relative to the merger
| and consolidation of business and manufac-
Iuring corporations whose objects and bust
| ness are OF the same nature, and particularly
| OF Act No. lsS of 1874 of the General Assem-
| bly, OF the State Of Louisiana, they do bv
| these presents. for themselves, their associ-
1 a1I
| other persons who may hereafter become asso-
| ciated with them, form, unite, merge, con.
sohdate, organize and constitute a corpora
| ton, hereby TO be formed bv 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 as their charter or
| articles OF Incorporation, to-wt:
| Article 1.-The name and title Of this cor.
poration shall be Consolidated Sulphur and
lOil Company, Incorporated" and under such
| title 1t shall have and enjoy succession and
| existence for period oil ninety mine years
| from date hereof; it shall have power and
| authority to contract, sue and be sued, make
| and use a 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 carrying of its business,
| and to that end to further mortgage all oil
| OF mineral leases, grants o. contracts held by
1t, together with all buildings, constructions
| and improvements placed and erected on said
| lands, 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, as said lessees 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.
poses; to make and issue notes and certif-
Gates of indebtedness, to name, elect and ap.
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
or desirable for the management, and business
| affairs OF this corporation, and generally 10
| do every other act, matter or thing necessary
for the complete and proper carrying out OF
| said business.
Article 1.-THE domicils 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, in the absence of the
president, upon the first vice-president, or
| second vice-president, or in the absence of all
of these officers, upon the secretary.
Article IiI..The objects and purposes of
stated and declared to be:
| ~ To acquire by purchase or lease, 9TH
erwise, lands in the Calcasieu sulphur and
tion in this State, or elsewhere, for the pur-
pose 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 cause to be sunk shafts for min
| ing, and TO buy, lease, otherwise acquire
drilling rigs or other machinery apparatus
/ necessary to fully accomplish said purposes
and If oil or other minerals are found, then
\ to market the same to the best advantage.
| ~ 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, barges or other con-
veyance, or to lease or suitcase all any
part thereof to any other person or corpora
| ton for the like purpose, and IN order 10
| 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
l plants, air plants, and all other machinery or
paraphernalia necessary incidental thereto.
| (3) To build, construct, lease, purchase, or
otherwise acquire buildings, machinery and
other apparatus for TehnIng, smelling. man
ucts of mineral lands either produced by this
1 corporation or other persons or corporations,
| and to refine, smelt, manufacture or other
wise work up by-products OF said minerals
/ to operate the said plant and market the
products or by-products, as manufactured, to
| the best advantage.
| az To carry on such other business apper'
| tanning to oil, gas, salt, sulphur or other min
erals as may be necessary or desirable, or
such as are generally engaged in by cor
poration of this kind.
1 ArtiCle 1N.-lne Capital STOCK OF lnlS COT
poration is hereby fixed at the sum of thirty
| thousan and seventy-two (S30,072OO) dollars:
divided into four thousand two hundred and
| nirety-six 4,26 shares of the par value OF
| seven $500 dollars each; provided that the
| amount to which the capital stock of this
corporation may be increased shall be two
hundred thousand (S200,0o000) dollars.
| Fifty per cent 70 the capital stock of this
corporation must be subscribed for before the
| fling of the articles of Incorporation. The
1 subscribed capital stock of this corporation
shall be payable in cash, property, real or
personal, or for services performed or rem
dered and provided that If the stock is not
/ section three (3) of Act 267 of 1914 be in all
| respects complied with.
1 No stakeholder 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 on
| the shares of stock subscribed for by him,
| nor shall any mere informality in the organ
| ization have the effect of rendering this char
ter null or of exposing any shareholder to
any liability whatsoever.
This corporation shall not begin to do bust
ness and be a going concern until ten thou-
sand (sl0OO0OO) dollars of the capital stock
shall have been issued and paid for, either
| in cash, services or in property as aforesaid
! II any of the aforesaid stock of this corpora
terms and provisions of Section 2 two) OF
Paragraph &C" of Act 267 of 1914 shall be
strictly complied with.
| Article YAH the corporate powers OF this
corporation shall be vested in and exercised
/ by Board Of Directors to be composed Of
| fifteen OS stockholders, each of whom shall
own, in his own right, during his term Of Of
| of stock, which shall be shown by his writ
ten declaration eight (s) of whom shall con-