The herald., 1916-07-20

BE .' known. that on this 1p. dav .
| JUNO D." -" wear "' .Ir IHrI. a., 'n.u-...
| m" hug Bed and sixteen Gal,J ucta-. an
! Fl. parish ~ Orleans SAFE If Ilass..,n4
| 'n.y oa~",. stoned and qualified. and I'm I'm
| pres '." .' '"r Nfi'r-~.- hereinafter name,
ard @u.e--.s ncd: Personally came and ap
! I'.-'d .ns several person, whose name, a.,
hereinafter subscribed. a. me full age .
, majority. who declared 2, me H., av9,Iir.
Themselves 90 H., avs Of this State reIativ,
- the urgIU'Ea'r'u Of corporations. parf..,.
"r.y Act No. III Of 1914. pagc 81. Of III,
lex - We .ac.S 90 tins State, they have COW
c-a"'rl and agreed. and Iy these present.
10 covenant and agree for themselves and
: 'Ae'r successors and assigns. q form them.
selves into corporation, and BODY pJIi,t.
I'D law. for the objects and purposes. and
under the ,''pulati2us hereinafter set forth
'o-wit:
Article The name and title Of the cor.
r'faion shall be Guarantee Oil and Sulphur
o"pany, incorporated, and under such tale
II >naH nave and enjoy succession and ex-
iNtenCe for period Of uiue,v-rine yeas
from date hereof. Il shall have the power
and authority, 10 contract, sue and be sued.
ana make and use 4 corporate seal the Same
70 break and alter AZ pleasure; 70 hold 10
purchase, lease, sell, mortgage. hypOthccate
nT pledge, property, real, personal or mixed
necessary, incidental or proper for the carry.
inS on OF - business, and, to that end 10
further mortgage all oil OF mineral leases.
grants or contracts held hy il. together with
all buildings, constructions and improvements
placed and erected on said lands. or TO be
placed or erected thereon. as well as 10 issue
bonds secured by such mortgages, such bonds
TO De issued in such amounts at .u,h rate
Of intcret, and to run for such LENGTH Of
time not exceeding the term Of said leases.
as Sdld lcNSets or guarantees NAV determine
10 buy and t. hold stock in any other com.
pdny or companies that may assist this com
pany IN its objects and purposes: 10 maxi
ana issue notes and certificates Of indebted
2eNN; 70 name, elect and appoint managers.
directors and clerks or other employee. to
properly conduct its corporate business and
to make and establish such bylaws, rules
ana regulations as may be found necessary
or desirable tor the management Of the bus
mess ana AFFAIRS OF the corporation, and
generally to do all and every other act
matter or thing, necessary for the complete
and proper carrying out OF said business
Article 1.-THE domicile Of the corpora
ton shall be in the CITY of New ORLEANS
Parish Of Orleans. state Of Louisiana. whcr S
an citations and other legal process shall
be served upon the president. or, in his ab.
Sence, upon the vice-president.
Article III.-The objects and purposes for
which tins corporation is organized, and the
nature OF the business 10 be carried on bv il
are stated and declared to he as follows:
First: To acquire by purchase. or lease.
or Otherwise, and the same to sell, lease or
otherwise dispose OF lands in the Calcasicu
on hcId' OF Louisiana, or any other locality,
'-'' -. i.''N VI prospecting ltI, ana OBJ
tanning "iIS gaS, salt. sulphur OF other min
erals, and 70 that end to drill, or cause 70
be drilled, OIL wells, or sink or cause TO be
sunk shafts Tor mining, and TO buy, lease
or otherwise acquire drilling rigs or other
machinery or apparatus necessary 10 fully
accomplish SAID purposes; and if oil or other
minerals are found, then to market same TO
the best advantage.
Second: To engage in the TRANSPORTATION
II OILS, gas, salt, sulphur or other minerals
produced fg..,, I'll.
persons, or corporations, by means of pine
ines, tamways railroads boats barges or
bincr Convcyances or to lease, or suitcase,
all or any part thereof to other persons or
corporations for the like purpose. and in
order TO fully carry out said objects and
purposes, 10 purchase, lease, or otherwise
acquire, pipe lines. tramways, railroads.
boats bargeS tank cars, locomotives, pump.
an other machinery apparatus and paraphcr-
1alal necessary or incidental thereto.
lMrd: 10 build, construct, lease, pur.
,haSe. or otherwise acquire buildings. ma.
.hinery and other apparatus for refining.
melting, manufacturing, or otherwise work'
ng mp the products OF mineral lands, either
Produced by this corporation or other per. |
sons or corporations, and to refine, smell. |
or otherwise work up the by |
PRODUCTS OF SAID minerals, and to operate |
ne SAID plant and market the products or by. |
PRODUCTS as manufactured to the best advan- |
age.
Fourth: To carry on such other business |
'eftdining OF oil, gas, salt, sulphur or other
Minerals as may be found necessary or |
desirable or such as j. generally engaged in |
~ corporation of this kind
Article lN.-Ihe capital stock OF this cor.
oTatlon IS hereby hXed at the sum OF twen-
y-hve thousand dollars (S25.OOO, divided into
twenty-five hundred $500 shares, OF the par
aIue OF ten dollars $50 each. to be paid |
or IN cash, or its equivalent in property.
70 certificate of stock shall be issued and |
delivered unless it IS fully paid for or fo-
roperty purchased or leased, no stockhol1er
hail ever be held liable or responsible for
ne faults, contracts, or debts OF this cor
Grafton IN any further sum than the urpaId
aldnCe due the corporation on the shares
l STOCK subscribed for by him; nor shall /
nv mere Informality in the organization have |
he effect OF rendering this charter null, or
I exposing a shareholder 70 aDy liability /
D assessments. The corporation shall begin Il
D do business and to be a going concern as II
9 >, as as twelve thousand FIVE hundred dollars
INSCRIBED and paid for.
Article N.-All the corporate powers Of this
operation shall be vested in and exercised
y board Of directors to be composed OF II
lree stockholders, two Of whom shall con- II
.ltu'e a quorum for the transaction Of bust.
ess. Until the first Monday of lure, 1917. II
ne following named persons shall consti.
ate the board Of directors OF this corpora.
on, to-wit: William T. Peterson, James
!. Dyett, Charlie +. Labarre; thereafter |
re directors shall be elected annually on
ne hrst Monday in June OF each year All
lections for directors shall be by ballot,
nd each stockholder shall be entitled 70 one
ote for each share OF stock standing in hi.
aue on the books Of the corporation, this
ote 70 be cast IN person, or by proxy, and
shall require a majority OF stock present
r represented, to elect. The failure % elect
lie board OF directors on the first Monday
! June or annually, thereafter, shall not
-ork the forfeiture OF this charter, but the
Id board Of directors shall remain in Office
ntil their successors are elected and quail
ed
Article VI-The board OF directors shall
old regular meetings al stated intervals az
lch times as shall be fixed in the bylaws
I this corporation. These meetings shall
e held at the donicile Of the corporation,
N the president may call special meetings
the board OF directors at such times as
e may deem advisable, and he shall be re-
uired 20 call such special meetings when
yer requested % do 50 by two members OF
re board Of directors. Three days notice
such special meetings shall be given in
riting 10 the directors unless a waiver Of
office is signed by the directors. Any va
ancy occurring on the board, either from 4
cath. resignation, or inability 70 serve, shall
e filled by the board OF directors The FIRST
GARD of directors Of this corporation shall
1C i