The herald., 1916-12-21
ACT OF INCORPORATION
OF THE STANDARD DRILLING GUN
PANY. INCORPORATED.
United States Of America, State oil LOUIS VS.
ana. Parish OF Orleans, City OF New
Orleans.

I
ana. Parish OF Orleans, City OF Ne"
Orleans
Re II known. that on this 9TH day OF De
,L- i, the wear Of our Lord one thou
s,nd nine hundred and sixteen NlS4o,' oe
fore me- Joseph Sinai, notary Puy.'I !"
and for the parish Of Orleans; SAY "a -
;s;a,a duly commissioned and quallhed' ana
-, ne presence OF the witnesses hefelhdI'Si
named and undcrsig ued, personally came anu
appeared the several persons WhoSv Il, 49,. Ne
are hereinafter subscribed oil 'He t"'- "a
- majority, who declared to me that a'aii
no fhemsclve, of the laws OF TINS state IcI'
tive 10 the organization OF corporations pa
f;c,,iarIv Act 30. go7 Of 1914 page 81, Oh
~, ',ay.slative acts of this State, they nave
royrnanted and agreed ahd by these presents
4, covenant and agree for themselves anu
heir successor, and assigns 10 FORM lHI G.H.
selves into a corporation, and body p9Altle
III law, for the objects ana pa! P2''s' - ~
der the stipulations hereinafter SET io' IT,
ArtIcle The name and title OF the COR
r,,~afiou shall be Standard Dr'Ihng CoIl-
n7nv. Incorporated, and under such nue.
II shall have and ENJOY succession anu -. eN
,.,.rr, for a period Of nlnety-nIne years
from date hereof 1t NhaII nave 'ne po"SI
and authority to contract, sue ana Pe sueu ,.
md make and use a corporate seal tne Sdiie
-, ,-r4k and alter at pleasure; 10 haIu' 10
ou-cha,c. lease, sell, mortgage, hypothecatS'
or pledge, property, real, personal Oh iiiNeu'
necessary. Incidental or proper io' ~. "a
., fI-ther mortgage all oil or mineral leases
-. mr. contracts held by II, together with
iii buildings, conStruCtI,hS and improve
- o'arrd and erected on SAID lands, or
., H.. ,iared or erected thereon, well as 10
Iss1e bonds secured By such mortgages, suCH
bonds TO be issued IN such amounts al eueh
ate Of interest, and 10 run Tor suCii ieHs'H
ri time not exceeding the term OF Said leases
% "a leases or guarantees may determine,
N hly and to hold stock IN any otner COM
nauy Or companies that may assist tnis com
1auy in is objects and purposes; 10 make
IrS Is,ue notes and certificates Of lndeOteu
-. IN name, elect and appoint managers,
directors and clerks or other employees 70
properly conduct its corporate business anu
~ make and establish such bylaws rules
md reg1lla,ious as may be found necessary,
~ desirable. for the management OF the bus,
mess and affairs Of the corporation, anc
generally 10 do all and every other act, mat,
Ter or thing, necessary for the complete ana
nroper carrying ont OF SAID business
Article 1.-The domcile OF the corpora
non shall be in the city OF New Orleans
Parish OF Orleans, State OF LOUISIANA "neIT
ali citations and other legal process shall
he served upon the president, or, IN ms aO-
,cncc upon the vICe-presldent.
Article III.-The objects and purposes LOT
which this corporation Is organized ana the
nature Of the business to be carried on Oy
II and stated are declared to be as follows ;
Eirst. To prospect, bore and drill Tor, and
produce oil, gas, sulphur and other numerals
10 purchase lands or otherwise acquire Janus
believed to contain oil, gas, sulphur anu
,ther minerals; to erect and MAINTAIN theIe-
M, drills pumping stations. reservoirs, tanks,
pipe lines and other facilities ana conVe,
niences that may be necessary or required
in and to the business
Second: To build, construct, lease, puf-
chase. or otherwise acquire, buildings, ma
chinery and other apparatus foT Iehhlus'
smelling, manufacturing, or otherwise MoLN-
ing up the products OF mineral 4ahus, eitIei
produced by this corporation, or other per
sons or corporations, and TO rehne, smel''
manufacture or otherwise work up the by
products OF said minerals. and to operate the
said plant and market the products OF py
products as manufactured to the best advan-
Third: To carry on such other business
pertaining to the afoTedescrlbed purposes as
may be found necessary or desirable OF such
as is generally engaged in by corpora
ton of this kind
Article IV.-The capital stock OF this cor
poration is hereby fixed at the sum OF nifty
seven thousand dollars IS5I,gol' divided in,o
eleven thousand three hundred and ninety
eight III ,SgS) shares, Of par value OF hye
dollars (S5) each, to be paid tor IN cash,
or its equivalent in property. No certlhSate
OF stock shall be issued and dellvereu uiilesS
il is fully paid for, or for property purchased
or leased; no stakeholder shall ever be heId
liable or responsible for the faults, con-
tracts, or debts, of this corporation IN any
the corporation on the shares OF stock sub
scribed for by him; nor shall any mere IN
formalitv in the organization have the effect
of rendering this charter null, or OF exposing
Shareholder to any liability whatsoever;
nor Shall the stock be subjected to assess
ment The corporation may begin business
and be going concern as soon as twenty
eight thousand FIVE hundred dollars OF the
capital stock shall have been subscribed ana
Article V.-All of the corporate powers OF
this corporation shall be vested in and ex-
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 M,
teen members, a majority OF whom shali
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 TIE first Monday in January OF
each year. All elections for directors shall
be by ballot, and each stakeholder snail De
entitled to one vote for each share OF STOCK
standing in his name on the books OF the
corporation, this vote to be cast IN person,
or by proxy, and it shall require majority
of stock present or 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
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
held at the domicile of the corporation, but
the president may call special meetings OF
the Board of Directors at such times as he
may deem advisable, and he shall be re-
quired 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 waiver
vacancy occurring on the board, either from
death, resignation, or inability to serve,
shall be filled by the board of directors. The
first board of directors of this corporation
shall be required to draft a suitable set OF
bylaws for the government Of this corpora
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 vice president and
secretary and treasurer all of whom shall be
directors Until the board of directors to
be elected on the first Monday in January,
1918, shall otherwise elect the following
named persons shall constitute the officers
of this corporations Clarence Edmund Fet-
tbs, president, whose address is IS Audu-
Cuthbert Bacot, as vice-president, whose ad-
dress is S5O+ Sycamore Street, New Orleans,
Louisiana; Henry Richard Fine, as secre-
tary-treasurer, whose address is 1928 Birch
Street, New Orleans, Louisiana.
Article VIII.-This charter may be modi-
| fed or altered, the capital stock thereof in
| creased or decreased, the corporation may
! be dissolved with the assent of three-fourths
| Of the stock present or represented at any
| general or special meeting of the stockhold