The herald., 1916-08-17
ACT OF INCORPORATION
OF TIE STANDARD MINERAL COM
HANl, INCORPORATED.

De u k|NA ~, mai on inns me 10Th day OF
the month n July, IN the year OF our Lord
one thousand n'rc hundred and sixteen, and
Of the independence Of the United States OF
America, the one hundred and f0rty-trSt
before me, Joseph Sinai, a notary public,
duly commissioned and qualified IN and for
the parish Of Orleans, therein residing. and
IN tac presence 81 the wituesse, hereinafter
named and Undersigned, personally came and
appeared The several persons whose names are
hereinafter subscribed Ui the full age of
majority who declared to me that awaiting
themselves OF the laws OF this state relative
20 the organization Of corporations, partic-
ularly Act No. 2t7 Of 1914, page 5jl, Of the
legislative acis OF this state, they have COW
eUani,i ard agreed, and by these presents
do covenant and agree Tor themselves and
their successors and assigns q form them
selves into a corporation and body polite IN
law, Tor the objects and purposes, and under
the s';pua;lpa~ hereinafter set forth, tO-wIt:
Article The name and title Of the cor
poration shall be, the Standard Mineral
Company, Incorporated" and under such
utle 1t shall have and enjoy succession and
existence for d period OF ninety nine years
from date hereof; It shall have the power and
authority to contract, sue and be sued, and
10 make and use a corporate SEP, and the
same TO break and alter at pleasure; to hold,
% purchase, lease, sell, mortgage, hypOthc-
cate, or pledge property, real personal
mixed necessary, Incidental or proper for
the carrying on of its business and 10 that
end 10 further mortgage all oil or mineral
leases, grants or contracts held by II, to-
gethcr with all buildings, constructions and
improvements placed OF erected on said lands
or to be placed or erected thereon, as well
as TO issue bonds, secured by such mortgages,
IN such amounts, at such rates of interest,
and 10 run for such length Of time, not ex.
ceedIug the term OF said lease, said
lcsseeS or guarantees may determine; to buy
ard to hold stock in any other company or
companies that may assist this company IN
notes and certificates Of indebtedness; 10
name, elect and appoint managers, directors
and clerks or other employees TO properly
conduct lis corporate business, and to make
and establish such bylaws, rules and regu-
latIoHS As may be found necessary or desir.
able Tor the management of the business and
affairs OF the corporation, and generally to
do all and every act, matter or thing neceS-
Sary for the complete and proper carrying
out OF said business.
Article 1.-The domicile OF the corpora
ton shall be in the city Of New Orleans.
parish OF Orleans, State OF louisiana, where
all citations and other legal process shall be
served upon the president or, in ms absence,
upon the secretary.
Article III.-The objects and purposes for
which this corporation Is organized, and the
nature OF the business 10 be carried by
II, are stated and declared to be as follows
First: To acquire by purchase or lease or
otherwise, ard the same to sell, lease or
otherwise dispose OF, lands in the state On
LOU siana, or anywhere else, for the purpose
Of prospecting for, and obtaining, oil, gas,
salt, sulphur other minerals and to that
end to drill or cause 20 be drilled, oil wells,
or sink or cause to be sunk shafts for min
ing, and to buy, lease or otherwise acquire
drilling rigs or other machinery OF apparatus
necessary to fully accomplish said purposes,
and if oil other minerals found, to
market same to the best advantage.
Second: To engage in the transportation
OF oils, gas, salt, sulphur or other minerals
either produced by this corporation or other
persons or corporations, by means OF pipe
lines, tramways, railroads, boats, barges or
all
or any part thereof to other persons or cor
porations for the like purpose, and in order
10 fully carry out said objects and purposes,
10 purchase, lease, or otherwise acquire, pipe
lines, Eramways, railroads, boats, barges,
tank cars, locomotives, pumping stations,
steam plants, air plants and all other ma
chinery, apparatus and paraphernalia nee
eSSary or incidental thereto.
Third: To build, construct, lease, pur-
chase or otherwise acquire buildings, ma
chinery and other apparatus for refining,
smelling. manufacturing or otherwise working
up the products OF mineral lands, either pro-
duced by this corporation or other persons or
corporations, and to refine, smelt, manuiac-
ture or otherwise work up the by-products OF
said minerals and to operate the said plant
and market the products or by-products as
manufactured to the best advantage.
Fourth: To carry on such other business
pertaining TO oil, gas, salt, sulphur, or other
minerals as may be found necessary or de-
sirable such as is generally engaged IN by
a corporation of this kind.
Article IV.-The capital stock OF this COR
poration is hereby fixed at the sum OF ten
thousand dollars, SlOoOoo, divided into
two hundred shares OF the par value OF fifty
dollars $4,000 each, TO be paid for in cash,
or its equivalent in property. No certihcate
Of stock shall be issued and delivered unless
it is fully paid for, or for property purchased
No stakeholder shall ever be held liable
or responsible for the faults, contracts or
debts Of this corporation in any further sum
than the unpaid balance due the corporation
on the shares of stock subscribed for by him;
nor shall any mere infOrmality in the organ
ization have the effect OF rendering this char
ter null or OF exposing shareholder to any
liability whatsoever; nor shall the stock be
subject to assessment
The corporation shall be and become a
going concern as soon as nye thousand DOL
lars Of its capital stock shall have been sub
scribed and paid for
Article V.-All the corporate powers Of this
corporation shall be vested in and exercised
by a board of directors to be composed OF
three stockholders two OF whom shall constl-
tute quorum for the transaction of bust
ness Until the first Monday OF August ny
the following named persons shall constitute
the board Of directors OF this corporation
to-wit: George Edward Guedry, Horace Shep-
ard, Charles Martin Shepard. Thereafter,
the directors shall be elected annually on
the first Monday in August each year All
elections for directors shall be by ballot, and
each stakeholder shall be 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 1t
shall require a majority OF stock present
or represented, 10 elect. The failure TO elect
the board Of directors on the first Monday
in August, or annually, thereafter, shall not
work the forfeiture Of this charter, but the
old board Of directors shall remain in office
until their successors are elected and quail
fed. q,
Article VI.-The board of directors shall
hold regular meetings, at stated intervals,
at such times as shall be fixed in the by
laws Of this corporation. These meetings
shall be held al the domicile of the corpora
ton; but the president may call special meet
ings of the board OF directors at such times
as he may deem advisable, and he shall be re-
quired 10 call such special meetings whenever
requested TO do so by two members of the
board of directors. Three days notice of
such special meetings shall be given in writ
ing 10 the directors unless waiver of notice
is signed by the directors. Any vacancy &C.
curing on the board Of directors, either from
death or resignation, or inability to serve,
shall be filled by the board Of directors.
Article VII.-The officers OF this corpora
ton shall consist OF a president, a vice
president, a secretary and a treasurer, all
Of whom shall be stockholders and members
Of the. board Of directors. The Offices of sec
rotary and treasurer, or vice-president and
treasurer may be combined and held by one
and the same person, if so desired. Until
the board OF directors to be elected on the
FIRST Monday in August, 1917, shall otherws
elect. the following named persons shall CON
stitute the officers Of this corporation:
Z .boe