The herald., 1916-07-13
ACT OF INCORPORATION
OF THE GUARANTEE OH. AND ST.
PHI K COMPANY, INCORPORATED

. IIIjR COMPANY, INCORPORATED.
E Ju5,.l STATE, Of America. State Of Louisiana
t"..'I OF o'.c.nS. City Of New Orlcar
hc Il known. that on ihrs path d4v &
Ianc m The year 81 Our Lord. one thau,70
{ nine hundred and sixteen GgIU before m,
!'>'rh N,na', q notary public in and /
duly commissioned and qualified. and !, N
presence Of the witnesses hereinafter NAM,
and undersigned: Personally came and ar
Pr"cd ine several persons whose names a.
hereinafter subscribed. OF the full aye a
majority, Who declared % me thar ay.,lir
themselves of the laws of this State relativ
~ INC 'fH.nlkhtlgu ot corporations. partIcli
,,hr.y, Act NJ. III Of 1914, page s1l. of tn
Icgi>.slvc acts Of this State, they have COW
cuantcd and agreed. and bv these p-fsr7.
T. cp"enart and agree for themselves an,
ihclr successors aud assigns 10 form thcr,
>'NSN INTO corporation. and body poIiti
III law. for the objects and purD1ses an,
under the stipulations hereinafter set forth
! to-wit: 40 '''
Articlc The name and title Of the cor
( P"rd'ion shall be Guarantee Oil and SllnbIr
! ompany; incorporated, and under such TITLE
/ IL Sliii nave and enjoy succession and ex
! y>tence tor a period Of rinety-nine years
! from date hereof. 1t shall have the powcr
/ ana authority TO contract. sue and he sued
! ana MAKE and use corporate seal, the same
! 10 break and alter at pleasure; to hold. Ia
! purchase, lease, sell. mortgage. hvnothecate
/ or pledge. property, real, personal or mixed
, necessary. incidental or proper for the carry.
ing on OF ITS business. and, to that end, 10
| further mortgage all oil or mineral leases.
grants or contracts held by IT, together With
an buildings, constructions and improvements
placed and erected on said lands or To he
paced or erected thereon, as well as 10 issue
! ponds secured by such mortgages, such bonds
! to ne issued IN such amounts. at such rate
~ lnicrct, and 70 run for such length e
time, not exceeding the term of said leases.
As SAID leSSecS or guarantees may drtcrmire
IN l. Il.
pany or companies that may assist this com
Pdny IN ITS objects and purposes: 70 make
ana issue notes and certificates OF indebted.
IItSS,, 20 name elect and appoint managers,
directors and clerks other EMPLOYEES 10
properly conduct its corporate business and
70 make and establish such bylaws, rules
ana regulations as may be found necessary
or desirable, for the management of the brs
mess and affairs Of the corporat;o ,,' snd
generally 10 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.
ION ION shall be in the city Of New Orleans,
iarlNn OF Orleans, State Of Louisiana, where
an CITATIONS and other legal process shall
be served upon the president. or. in his ali.
Sence. upon the vice-president.
Article llI.-The objects and purposes for
MHiCn ms cooperation Is organized, and the
nature OF the business TO be carried on bv il
are stated and declared TO be as follows:
FIRST: To acquire by purchase. or lease,
or othtrWl>e, and the same to sell, lease or
oiner"is sc dispose Of lands IN the CaicaS;eu
on HtIds OF LOUISIANA. or any other locality.
i"I me purpose OF prospecting for, and oh
tanning OIL gas, salt, sulphur or other min
erals. and to that end to drill, or cause IN
DE drilled, OIL wells, or sink or cause 10 De
SUNK SAdit' Tor mining, and to buy, lease,
OF oihcrWIse acquire drilling rigs. or other
or apParItu, necessary 10 fully
accomplish SAID purposes and If OIL or other
, ir,,eraLt are found then to market same TO
Second: To engage in the TRANSFORMATION
u OILS, gas. salt, sulphur or other minerals |
either produced by this corporation or o.be- |
persons, or corporations, by means of pine |
mes tdmways railroads boats barges or |
Diner ConycydnCCS or TO lease or stIbIease |
all or any part thereof TO other persons ar |
,"rporatIonN for the like purpose and in |
order to fully carry out said objects and |
purposes to purchase, lease, or otherwise
acquire, pipe lines, tramways railroads
boats barCcS tank cars, locomotives pumn,
HHS StauohS' steam plants air plants and |
M other machinery apparatus and paraphcr-
'4 IA necessary or incidental thereto.
lhiTd: 10 build, construct, lease pu-. !
haSe, or otherwise acquire BUILDINGS M
H'uttE ana other apparatus for refining
"ci'ihg' manufacturing, or otherwise work
"S up inc products of mineral lands either
reduced by this corporation or other ncr |
onS or corporations, and to refine. suielt |
dhutdcturc, or otherwise work up the bv- |
PRODUCTS Of said minerals. and to operate
ne Sdld plant and market the products or by
age. "u''''
Fourth To carry on such other business
ertdining OF oil, gas, salt, sulphur or Other
Minerals as may be found necessary or
eSIrahie or such as j. generally engaged in
y corporation Of this kind
Article IN.-The capital stock of this cor.
grafton IS hereby fixed at the sum Of TWEEN
'-hve thousand dollars (S25OOO, divided into
'enty-hve hundred t25pO shares, OF the par
!
'r IN cash, or its equivalent in prnperfy |
% certihcate OF stock shall be issued and ;
eHEered unless It IS fully paid for or for | )
."PeIty purchased or leased, no stockhol1er =
he faults, contracts, or debts OF this cor. /
1rdtion IN any further sum than the unpaid /
iIdnce due the corporation on the shares | /
STOCK subscribed for by him; nor shall | |
ny mere InformalIty in the organization have | |
e effect Of rendering this charter null or
exposing shareholder % any liability 4
nor shall the stock be subjected /
assessments. The corporation shall begin
do business and 10 be going concern as
on as twelve thousand FIVE hundred dollars
l-,2uOJ OF the capital stock shall have beeu
described and paid for.
Article N.-All the corporate powers Of this
shall be vested in and exercised
a board Of directors 10 he composed OF II
rec stockholders. two Of whom shall con.
itute quorum for the transaction of bust
IS. Until the frs; Monday OF Iunc. lgI7.
e following named persons shall consti-
te the board Of directors Of this corpora
IN, to-wit: William +. Peterson. James
Dyett, Charles F. Labarre; thereafter. |
c directors shall be elected annually on
e first Monday in June Of each year All /
ections for directors shall be by ballot |
ID each stakeholder shall be entitled TO one |
tie for each share of stock standing in his /
me on the books Of the corporation, this
tie 70 be cast in person. or by proxy and |
shall require a majority OF stock present /
represented, TO elect. The failure 70 elect
c board Of directors on the first Monday /
june or annually. thereafter, shall not
ork the forfeiture Of this charter. but the
! board Of directors shall remain in Office
til their successors are elected and quail
d.
Article NI.-The board OF directors shall Il
Id regular meetings at stated intervals at
Oh times as shall be fixed in the bylaws
this corporation. These meetings shall II
held at the donicile Of the corporation, II
: the president may call special meetings
the board OF directors at such times as
may deem advisable, and he shall be re-
lred 10 call such special meetings when
er requested to do 50 by two members OF
e board OF directors. Three days notice
such special meetings shall be given in
ting to the directors unless a waiver Of
tce is signed by the directors ANY va n
ncy occurring on the board, either from
ath. resignation, or inability TO serve shall II
filed by the board OF directors The first II
ard OF directors Of this corporation shall II
required 10 draft a suitabel set OF by ]