The herald., 1916-08-24

the month OF July, in the year Of our Lord
one thousand nine hundred and sixteen, and
81 the independence Of the United States OF
America, the one hundred and forty-first
before me, Joseph Sinai, a notary public
duly commissioned and qualified in and for
the parish OF Orleans, therein residing, and
IN me presence OF the witnesses hereinafter
named and undersigned, personally came and
appeared the several persons whose names are
hereinafter subscribed, Of the full age o.
majority who declared to me that awaiting
themselves OF the laws OF this state relative
10 the organization of corporations partic.
ulariy Act No 2o7 of 1914 page 5Jl, OF the
legislative acts OF this state, they have GOV.
enanied and agreed and by these presents
do covenant and agree for themselves and
their successors and assigns 10 form them.
selves into corporation and body polite in
law, tor the objects and purposes, and under
the Stpulitions hereinafter set forth, to-wit:
Article The name and title of the cor
poratlon shall be, the STANDARD Mineral
Company, Incorporated" and under such
utle II shall have and enjoy succession and
existence for period OF nnety-nne years
from date hereof; il shall have the power and
authority 10 contract, sue and be sued, and
TO make and use corporate sey. and the
same to break and alter at pleasure; TO hold
TO purchase, lease, sell, mortgage, hypOthe-
cate or pledge property, real personal or
mixed necessary, incidental or proper for
the carrying on OF its business and to that
end TO further mortgage all oil or mineral
leases, grants or contracts held by il, to-
eClItl Win All bulIQlnRS, constructions and
Improvements placed or erected on said lands
or TO be placed or erected thereon, as well
as to issue bonds, secured by such mortgages
IN such amounts, al such rates Of interest,
and to nun for such length of time, not ex-
ceedlng the term OF said lease, as said
!eSSees or guarantees may determine; 10 buy
and TO hold stock in any other company or
companies that may assist this company in
notes and certificates Of indebtedness; to
name, elect and appoint managers, directors
and clerks or other employees 10 properly
conduct IT'S corporate business, and to make
and establish such bylaws, rules and regI-
lations may be found necessary or desir-
able for the management Of the business and
affairs OF the corporation, and generally to
do all and every act, matter thing neces-
sary for the complete and proper CARRYING
out of said business.
Article 1.-THE domicile of tie CORPORA
ton shall be in the city of New Orleans
parish Of Orleans, State OF Louisiana. where
all citations and other legal process shall be
served upon the president or, in his absence,
upon the secretary.
Article III.-The objects and purposes for
which this corporation is organized. and the
nature OF the business to be carried on BY
It,, are stated and declared TO be as follows
First: To acquire by purchase, or lease or
otherwise, and the same to sell, lease or
otherwise dispose of, lands in the state o,
Louisiana, or anywhere else, for the purpose
of prospecting for, and obtaining, oil, gas,
Salt, sulphur or other minerals and TO that
end 70 drill or cause 10 be drilled oil wells,
or sink or cause to be sunk shafts for min
ing, and to buy, lease otherwise acquire
drilling rigs or other machinery or apparatus
necessary 10 fully accomplish said purposes,
and If oil other minerals are found to
market same to the best advantage.
Second: To engage in the transportation
OF oils, gas, salt, sulphur or other minerals
persons or corporations, by means of pipe
lines, tramways, railroads, GOATS, barges or
other conveyances or to lease or suitcase all
or any part thereof to other persons or cor
porations for the like purpose, and in order
to fully carry out said objects and purposes,
to purchase, lease, or otherwise acquire, pipe
lines, uramways, railroads, boats, bhrges,
tank cars, locomotives, pumping stations,
steam plants, air plants and all other ma
chinery, apparatus and paraphernalia nee
essary or incidental thereto.
Third To build, construct, lease, pur-
chase or otherwise acquire buildings, ma
chinery and other apparatus for refining,
smelling, manufacturing or otherwise working
up the products Of mineral lands, either pro-
duced by this corporation or other persons
and to refine, smelt, manufac-
ture or otherwise work up the by-products of
said minerals and TO operate the said plant
and market the products or by-products as
to the best advantage.
Fourth: To carry on such other business
pertaining to oil, gas, salt, sulphur, or other
sirable or such as is generally engaged in by
4 corporation of this kind.
Article IV.-The capital stock Of this cor
ooration. IS hereby fixed at the sum of ten
two hundred shares OF the par value of fifty
dollars $4,000 each, to be paid for in cash,
,r its equivalent IN property. No certihcate
IF stock shall be issued and delivered unless
I is fully paid for, or for property purchased
No stockholder shall ever be held liable
" responsible for the faults, contracts or
iebts of this corporation in any further sum
han the unpaid balance due the corporation
IN the shares of stock subscribed for by him;
Tor shall any mere informality in the organ
cation have the effect of rendering this char
er null or of exposing a shareholder to any
liability whatsoever; nor shall the stock be
subject TO assessment.
The corporation shall be and become a
yoing concern as soon as hye thousand dol
ars of its capital stock shall have been sub
cribed and paid for.
Article VAN the corporate powers of this
shall be vested in and exercised
~ a board of directors to be composed OF
hree stockholders, two of whom shall consti-
ute 4 quorum for the transaction OF bust
less. Until the first Monday of August 1917,
he following named persons shall constitute
ne board of directors of this corporation,
o-wit: George Edward Guedry, Horace Shep-
.rd, Charles Martin Shepard. Thereafter,
he directors shall be elected annually on
he first Monday in August each year. All
Elections for directors shall be by ballot, and
ach stakeholder shall be entitled to one
-ote for cash share of stock standing in his
lame on the books of the corporation, this
ote to be cast in person, or by proxy, and ii
hall require a majority of stock present
r represented, 10 elect. The failure 10 elect
he board of directors on the first Monday
n August, or annually, thereafter, shall not
york the forfeiture OF this charter, but the
Id board of directors shall remain in Office
mil their successors are elected and quail.
ed.
Article VI.-The board of directors shall
old regular meetings, al stated intervals, |
{ such times as shall be fixed in the by |
hall be held at the domicile of the corpora |
ion; but the president may call special meet |
ngs of the board of directors at such times |
S he may deem advisable, and he shall be re-
uired 10 call such special meetings whenever |
TO do so by two members of the |
GARD of directors. Three days notice of
UGH special meetings shall be given in writ |
1g TO the directors unless a waiver Of notice |
signed by the directors. Any vacancy &C. |
urring on the board of directors, either from |
cath or resignation, or inability TO serve, |
hall be filled by the board Of directors
Article VII.-The officers OF this corpora |
ion shall consist of a president, a vice
resident, a secretary and a treasurer, all |
{ whom shall be stockholders and members |
{ the board Of directors. The Offices of sec
etary and treasurer, or vice-president and |
-easurer, may be combined and held by one |
nd the same person, if so desired. Until |
le board Of directors to be elected on the |
rst Monday in August, 1917, shall otherwise |
lect, the following named persons shall con- |
.itute the officers Of this corporation:
George Edward Guedry, as president whose |
ost office address is 221 Cambronne street, |