The herald., 1916-11-30
ARTICLES OF INCORPORATION
OF MUTUAL RESOURCE DEVELOPMEN
COMPANY OLE A INC
OF LOUISIANA, Parish Of Orleans.

| oIa'e OF LOUISIANA, Parish of Orleans
| BE II known, that on this the 9th dav
| If the mon.h OF October. in the ys5r 90 %,
| Lord, one thousand nine hundred and six,err
Nyio', before me, Frank VIM. Hart. a notary
| pugic' duly commissioned and qualified, ir
ma Tor 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 thai
ka'tcng themselves OF the general laws oil
the State Of Louisiana in such cases made
lhd provided, they have formed and organ.
'zed, and do, by these presents, form them.
selves and such others as may hereafter be.
| come associated with them into and consti.
ute corporation and body polite in law,
Tor the objects and purposes in the following
articles set forth and expressed which theS
adopt as their charter
Article THE name and title of this cor.
poration shall be the Mutual Resource De.
velopment Company of louisiana Inc" and
II shall exist and enjoy succession by its
5o1I name for a period Of ninety-nine
W. years from the date hereof; to contract
to sue and be sued; TO make and use a cor.
porate seal, and the same to alter and break
1t pleasure; and TO make and establish, as
well as alter and amend from time 10 time,
such bylaws, rules and regulations, for the
proper government of the affairs of this
corporation as may be necessary and proper.
It's domicile shall be in New Orleans, La,
md all citations and other legal process
shall be served upon the president, and in
he event OF his absence or inability TO act,
upon the vice-president or secretary, in the
order named
Article 1.-THE capital stock of thi, COR
poration is hereby fixed at twenty-five thou.
sand (S25CO0.0O dollars, divided and repre-
scented by two thousand FIVE hundred (2SOO)
shares OF the par value Of ten $1,000 dol
lars each. and may be increased to one hun
dred thousand CslOO.0OO0O) dollars. Stock may
he paid for in money, in services duly rem
tered 10 the corporation, or in property trans
terred to the corporation.
This corporation shall become a going con-
Germ and shall be authorized to commence
business, when and as soon as fifty (SOo6)
per cent Of its capital stock shall have been
subscribed, and twenty-five (2so5) per cent
shall have been paid for; all IN accordance
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-
velopment 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 therefrom,
and all other resources by which the state
may be enriched and the general good pro-
noted.
To prosecute such development and advance.
ment by wholesome publicity of the poten-
tial wealth Of the State of louisiana and to
promote its progress by enisting united CO.
operation, financial and otherwise, of all men
throughout the United States.
To buy, own, acquire, SELL exchange, lease,
donate. mortgage, hypothecate and to con.
tract to buy, sell, exchange and lease all
kinds of property. real, personal and mixed,
and to manage, operate, improve and develop
lands, mining claims, mineral rights, oil
wells and other real estate, and the interest
and right in any Of said property, insofar
as the same may be incidental to its use,
rights and PURPOSES.
To drill, open and work wells or mines for
developing, producing and obtaining gas, oil,
I'll, II hall 81 Lob, n41
ore, metals and minerals, and volatile SUBJ
stances of all kinds, and to smelt, refine or
the oil minerals found and
o buy and sell the same in their crude or
To buy, own. lease. build, erect or rent
buildings, machinery, fixtures and appliances,
and to maintain, operate and suspend the
same, more especially for the storage OF oil,
Of transportation, by the use of machinery
and appliances.
To erect and maintain warehouses and to
receive goods and property belonging to 9TH
,eipts therefor: and to charge and collect
therefor.
To buy, own, sell, construct, maintain and
operate boats, ships, barges, or any other
y atercraft whatever to carry and convey pas.
'engers, goods, wares and merchandise or
,ther property or commodity of this corpora |
lion, or of others, for profit, and to charge |
md collect compensation therefor.
To engage generally, as principal or man.
iatory; in buying and selling, retaining,
improving, cultivating and operating lands;
n buying and selling. leasing and operating |
iredges dtchers and other machinery and
Implements; in constructing, owning, leas- |
ng and operating railroads, tramways, ca. |
lals and other means of transportation nee.
.ssary or incidental to the proper conduct OF
IS private business, but not for. public SER ]
rice; in buying and selling personal prop /,
.rty of all kinds; and in manufacturing pro- |
iucts of the soil, and buying and selling
anne either in the original state or in man:
fractured form, at wholesale or retail; and
I shall have authority generally to do all |
hings necessary or incidental to the proper
conduct of its affairs, whether specifically |
herein or no..
Article IV-The corporate powers of this |
shall be vested in and exercised |
" board Of FIVE directors, a majority of
whom, sitting at any time, shall constitute |
quorum for the. transaction OF business,
aid directors to be elected annually from
he second Tuesday of the month Of Janu- |
r,y beginning in 1917. Each stakeholder /
hall be entitled in person or by written /
roxy to one vote for each share OF stock /
wned by him and standing in hi; name nam,
ions shall be held under such rules and
equations as may be determined by the
BOARD of Directors or as provided IN the
y-laws of this company, to be adopted by
Article V.-No stakeholder shall ever be
cid liable or responsible for the contracts,
aults or debts of this company, nor shall
ny mere informality in its organization have
he effect of rendering this charter null or
exposing its stockholders to any liability
eyond the unpaid balance due on the shares
stock owned by them, and in accordance
nth the further provisions as provided by
lct No. 267 of the General Assembly OF the
tate of Louisiana for the year 1914
Article VI.-This act Of incorporation may
e changed, modified or altered. or this cor
Grafton may be dissolved with the assent
{ the stockholders owning two-thirds OF the
ssued stock of this corporation, at meeting
{ the stockholders convened for that pur.
ose, and after legal and proper notice shall
ave been given TO each of said stockhold.
RS except whenever. in the judgment OF the
GARD of directors, il shall be deemed advisa-
lie and for the benefit Of this corporation,
lat IL should be dissolved, the board, within
m DAYS after the adoption of a resolution
, that effect, by a majority Of the whole
oard at a meeting called for thai purpose,
( which meeting each director shall have
eceived at least three days notice, shall
,use notice Of the adoption Of such resolu.
on to be mailed TO each stockholder, to-
ether with a notice of a meeting OF the
ockholders, to be held at the Office Of the
,rporation, to take action upon the resolu-
\ case of the dissolution OF this corporation
' the expiration Of its charter, or otherwise.
le stockholders shall elect three liquidators
ON among their number. who shall have
III power and authority to liquidate and
title the business and affairs OF the COM
my; in case Of death or inability OF any
said liquidators, the survivor or survivors
iall appoint a successor or successors 10
m or them. II