The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-14

. he Il known, that on TINS IN Jay VI ~
/ ccmber, in the year OF our Lord, one thou
sand nine hundred and sixteen N5lol, be
/ fore me, Joseph Sinai, notary PublG IN
/ md for the parish OF Orleans, State 81 Lou,
isiana, duly commissioned ana qn%ilineH, anu
: N The presence OF the witnesses hereinafter
! named and unders igued, personally came ana
: appeared the several persons whose names
/ are hereinafter subscribed, OF the tulI age
Of majority. who declared to me that avail
i ing themselves Of the laws OF this state rel
/ alive 20 the organization of corporations par
/ ticuIarly Act No. 20 OF 1913, page 81 OF
| the legislative acts OF TINS SIa'S' lAey nave
. do covenant and agree Tor themselves ana
] thei- successors and assigns 10 form tiem-
/ selves into a corporation, and body p0litc
I in law. for the objects and purposes, and un-
der the s;ipuatlOus hereinafter set FORM
! Article The name and title Of the cor
( pl-atien shall be Standard Drilling Com
panV incorporated. and under such tue
/ II Shall have and enjoy succession and eN-
I,;cucc for a period OF nlnety-nine years
. from date hereof Il shall have the power
/ and authority to contract, sue ana DC sued
I and make and use a corporate seal me same
/ % break and alter AT pleasure; TO hold, 10
! purchase. lease, sell, mortgage. hypOtAcCdtc.
/ Or pledge, property, real. personal, or mixed
I necessary. incidental ~ proper Tor the car
. -yIug ON OF It's business, ana, 10 tadt ehu'
o., further mortgage all OIL or mineral leases.
grants or contracts held by H. together with
all buildings, CuuStruCu,hS and improve
. placed ana tftNltl on NAiA ANUS VI
., be placed or erected thereon, as well as 10
issue bonds secured by such mortgages, such
bond, 20 be issued IN such amounts, al suCl
rate ~ interest, and to run Tor >uGh tehS'H
/ Of time, not exceeding the term OF SAID leases,
I a, said leases or guarantees may determine,
20 buy and 70 hold stock IN any other COM
! pany or companies that may assist tlis com
many in it, objects and purposes: TO make
/ and issue notes and certificates OF indebted
/ ness: 10 name, elect and appoint managers
! directors and clerks or other employees 10
! properly conduct its corporate business, ana
/ t. make and establish such bylaws, rules
and regulations a. may be found necessary,
/ or desirable, for the management OF the bus,
/ ines, and affairs OF the corporation, anc
generally TO do all and every other act, mat,
| ter or thing, necessary Tor the complete ana
proper carrying ont Of said business.
/ Article II.-The domicile OF the corpora
/ ton shall he in the city OF New Orleans
, ali citations and other legal process shall
/ be served upon the president, or, IN ms ao-
/ sence, upon the president:
/ Article III.--The objects and purposes tor
nature If the business to be carried on by
/ IL and stated are declared to be as follows
/ First: To prospect, bore and drill tor, and
| produce oil, gas, sulphur and other numerals
! 10 purchase lands or otherwise acquire lands
/ believed TO contain oil, gas, sulphur ana
| other minerals; to erect and MAINTAIN tneTe-
on drills. pumping stations, reservoirs TANKS
pipe lines, and other facilities and conve;,
/ niences that may be necessary or required
4 in and to the business.
/ Second: To build, construct, lease, pur-
| chase, Or otherwise acquire, buildings, ma
/ chinerv and other apparatus Tor refining,
/ smelling, manufacturing, or otherwise Work
ing ND the products OF mineral lands, either
! produced by this corporation, or other per
! sons or corporations, and TO rehne, sihelt'
/ manuf acture, or otherwise work up the by
| products of said minerals, and to operate the
/ said plant and market the products or oy-
| products as manufactured TO the best adyan-
/ tage. ,.
nertaiuing to the afOrede scribed purposes as
NAV be found necessary or desirable, or such
! as is generally engaged IN by corpora
ton OF this kind.
poration is hereby fixed at the sum Of nifty
seven thousand dollars $4,000, divided into
eleven thousand three hundred and ninety
eight ul,59SD shares, OF par value OF nEe
or its equivalent in property. NO certlhGate
OF stock shall be issued and delivered unless
it is fully paid for, or for property purchased
or leased; no stakeholder shall ever be held
liable or responsible for the faults, con-
tracts, or debts, OF this corporation IN any
further than the unpaid balance que
the corporation on the shares OF stock SUD
scribed for by him; nor shall any mere IN
formality in the organization have the effect
of rendering this charter null, or OF exposing
a shareholder to any liability whatsoever;
nor shall the stock be subjected to assess
III.
and be a going concern as soon as twenty
eight thousand FIVE hundred dollars OF the
capital stock shall have been subscribed and
paid for. d.
this corporation shall be vested in and eN-
ercised by a Board OF Directors TO be com
posed OF three stockholders, which number
NAV be increased by the stockholders at a
general meeting for that purpose up to nj.
teen members, a majority OF whom snail
constitute a quorum for the transaction OF
| business. Until the first Monday OF an,
uary, 1918, the following named persons shall
constitute the Board Of Directors OF this cor
! pOratiOn, to-wlt:
Clarence Edmund Fettis, George Cuthbert
Bacot and Henry Richard Fine.
| Thereafter, the directors shall be elected
| annually on the first Monday in January OF
each year. All elections for directors shall
/ be by ballot, and each stoc kholder shall be
! entitled TO one vote tor each snare OF STOCK
| standing in his name the books OF the
| corporation, this vote to be cast IN person,
/ or by proxy, and it shall require majority
| OF stock present represented, to elect
! The failure to elect the board of directors
on the first Monday in January, or annually,
| thereafter, shall not work the forfeiture OF
this charter but the old board of directors
shall remain until their successors are elect
! ed and Qualified.
! Article VI-The Board of Directors shall
| hold regular meetings at stated intervals at
such times as shall be fixed in the bylaws
of the corporation. These meetings shall be
Il
the president may call special meetings OF
| the Board of Directors at such times as he
may deem advisable, and he shall be re-
uured to call such special meetings when
| ever requested to do so by eight members
of the Board of Directors. Three days no
| tice of such special meetings shall be given
| in writing to the directors unless a waiver
of notice is signed by the directors. Any
vacancy occurring on the board, either from
death, resignation, or inability to serve,
| shall be filled by the board of directors. The
| shall be required to draft a suitable set Of
/ bylaws for the government OF this corpora
| ton, which may be altered, amended
changed, as the exigencies of the same may
/ require.
Article VII.-The officers of this corpora
| ton shall consist of a president, first vice
president, a second ce-president and
! secretary and treasurer, all of whom shall be
/ stockholders and members of the board of
/ be elected on the first Monday in January,
] 1915 shall otherwise elect, the following
named persons shall constitute the officers
| of this corporation: Clarence Edmund Fet-
It's, as president, whose address is IS Audu-
| bon Blvd, New Orleans, Louisiana; George
| Cuthbert Bacot, as vice-president, whose ad-
| dress is 1894 Sycamore Street, New Orleans
| louisiana; Henry Richard Fine, as secre-
| tary-treasurer, whose address is 1928 Birch
Street New Orleans, Louisiana.
Article Nlll.-This charter may be modi
fed or altered the capital stock thereof in
creased or decreased, or the corporation may
be dissolved with the assent of three-fourths
| Of the stock present represented al any
general or special meeting of the stockhOd-
ers for such purpose after thirty days prior
notice in writing to each stockholder, or