The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-07
ARTICLES OF INCORPORATION
OF MUTUAL RESOURCE DEVELOPMEN
COMPANY OF La. INC.

State of Louisiana. Parish of Orleans.
Be it known. that on this. the 9th day
Of the month OF October in the year of our
Lord. one thousand nine hundred and sixteen
(l9l0, before me, Frank VIM Hart, a notary
public, duly commissioned and qualified, in
and for the parish and state aforesaid, there
inu residing, and in the presence of the wit
neSses hereinafter named and undersigned,
personally came and severally declared that,
the State of Louisiana in such cases made
and provided, they have formed and organ
lied, and do, by these presents, form them
selves and such others as may hereafter be-
come associated with them into and consti-
tute corporation and body polite in law,
for the objects and purposes in the following
articles set forth and expressed which they
adopt as their charter.
Article 1.-The name and title of this cor
poration shall be the Mutual Resource De-
velopment Company of Louisiana, Inc" and
| It shall exist and enjoy succession by ITS
corporate name for period Of ninety nine
| (99) years from the date hereof; to contract,
10 sue and be sued; 10 make and use a cor
porate seal, and the same to alter and break
| at pleasure and TO make and establish, as
well as alter and amend, from time to time,
! such bylaws, rules and regulations, for the
| proper government of to affairs of this
| Its domcie shall be in New Orleans, La,
and all citations and other legal process
shall be served upon the president, and in
| the event of his absence or inability to act,
upon the vice-president or secretary, in the
| order named.
Article 1.-THE capital stock of this cor
poration is hereby fixed at twenty-five thou
| scented by two thousand live hundred (25O0>
| shares of the par value of ten $1,000 dol
| lars each, and may be increased TO one hun
| dred thousand (Sl00,0O0.00) dollars. Stock may
be paid for in money, in services duly rem
dered to the corporation, or in property trans
| ferred to the corporation.
| This corporation shall become going con-
Germ and shall be authorized to commence
| business, when and soon as fifty (5Oqo)
per cent of its capital stock shall have been
subscribed, and twenty-five (259o) per cent
| with the provisions of Act No. 267 of the
General Assembly of the State of Louisiana
for the year 1914.
| Article III-The object and purposes Of
This Corporation are hereby declared to be
anyone or more of all of the following:
To develop natural resources within the
State of Louisiana by engaging IN the de-
yelopment of mineral deposits, lands and the
products thereof, waters of the state and
the use that may be made thereof and the
products that may be produced t her rom
NAV be enriched and the general good pro-
To prosecute such development and advance
ment by wholesome publicity OF the poien-
tial wealth of the State of LOUISIANA ana 10
promote its progress by enlisting united CO.
operation, financial and otherwise, OF all men
| throughout the United States.
To buy own, acquire, sell, exchange, tease,
tTarf 70 buy' Sell, exchange and lease all
| kinds of property, real, personal and mixed,
. and to manage, operate improve anu r;abts III
| wells and other real estate, and the interest,"
and right in any of said property, insoia'
as the same may be incidental to- Its use
FL drill. omen and work wells or mines fol
developing, producing and obtaining gas OIL
. | petroleum. coal, asphaltur, salt, sulphur elG.
, Ore, metals and minerals, and volatile SUD
| Stances of all kinds, and TO smelt, rehne o.
{ | man,,facture the oil or minerals found anc
10 buy and sell the same in their crude Oh
5 manufactured state. -, $3.50. 49, -s,,
buildings, machinery, fixtures and appliances
and TO maintain, operate and suspend tn'
same. more especially for the storage OF OH
Gas and the piping Of the same to points
| Of transportation, by the use of machinery
To Erect and maintain warehouses and Z
receive goods and property oeionslng 70 0I re
4 CENTS therefor and to charge and cohec
e compensation therefor. - :.; -,
Z To buy own, sell, construct, maintain am
e operate boats, ships, barges, or any oIne
!. | ,ssferrraft whatever to carry and convey pas
sengers, goods, wares and merchandise Q
v o,beT nropertv or commodity of this corpora
f ton, or of others, for pront, ana 10 '"A's
and collect compensation tnereior', -.
= To engage generally, as principal or man
i datorv: in buying and selling, reclaimlne
d | improving cultivating and operating lanus
h dre5oes' ditchers and other machinery an
!. indictments: in constructing, owning, ieas
q inc and operating railroads, tramways' ca
nails and other means OF Indsr conduct .
N lie nrivate business, but not TOR pubic SCI
r. vice: in buying and selling, personal PROF
/: erty of all kinds; and in manufacturing r.,
Z. ducts of the soil. and buying ana seIiin
= SINE either in the original state or IN mar
y nfactured form, at wholesale or retail an
!. II shall have authority. generally 70 90 a
.L;rgs necessary or incidental to the props
E conduct of its affairs, wnetner spee'H'"''
n enumerated herein or no.
j. Article IV.-The corporate powers OF I'M
E by board of FIVE directors, a maJorI OILY,
% whom. sitting at any time, shall constntu'
j. ouorum for the transaction OF pushes
said directors to be elected annually , iro
lie The second Tuesday of the month OF JAN
?. airy, beginning IN III n.-son or 5y write
snan DC DC one vote for each share of stoc
le pwned bv him and standing in his nan mar
81 on the books of the eoIporano rs --,i.s ar
regnlations as may be determined by !,
De Rad of Directors or as provided IN Z
ID bv.laws of this company, to be adopted
Re 'ns -s;cye VNNo stakeholder shall ever !
hsId liable or responsible for the contrsct
w fsuI,s or debts of this company, nor sna
ne any mere informality in rs organ ANA o,,li i"
C. ~ exposing its stockholders to any laolll
is Sevond the unpaid balance due on the shar
es 81 stock owned by them, and IN accordan
a. .;,b the further provisions as providea
At No 267 of the General Assembly OF .
o. State Of Louisiana for the year 1914:
<. Article VI-This act of Incorporation m.
} he changed. modified or altered, or TINS &C
4, ooration NAV be dissolved with the asse
4 az the stockholders owning two-tniros OF
issued stock of this corporation, at meetl
81 the stockholders convened for tnat Pt
DOSE. and after legal and proper notice sn;
bsve been given TO each of SAID stocknol
r. a-s except whenever, in the judgment OF !
,te hnsrd Of directors, it shall be deemed advis
We BE and for the benefit of this oofporatic
he that II should be dissolved, the board, Wit
lis rem davs after the adoption OF Iesoluti
Ol, 70 that effect, by majority OF the VIM
Nod at a meeting called for that purpo
~ which meeting each director snah na
Teceiyed at least three days notice, sn
cause notice of the adoption OF sucn reso
t;on 10 be mailed to each stocknoioeY
ly gether with a notice OF a meeting OF
he sstockbolders, to be held at the ONCE OF
by coTnoration, to take action upon the reso
a t;op so adopted by the board OF direeto
20 In case Of the dissolution of this corYorati
iy, by the expiration of its charter, or otnerwi
re- ~. stockholders shall elect three hquidat'
lie from among their number, who shan "a
frii oower and authority to liquidate Q
ny settle the business and affairs OF the co
rs, osny. in case of death or inability OF q
T said liauidators, the survivor or surviv
| shall appoint a successor or successors