The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-27
ACT OF INCORPORATION
OF THE PHOENIX DRILLING COM.
PANY, INCORPORATED.

United States of America, State Of Iop;s;.
ana, Parish OF Orleans, City of New
Orleans.
Be il known, That on this 3rd dsy Of
September, in the year OF our Lord, one
thousand nine hundred and seventeen, be-
tore me, Oscar Schneider, a notary public in
and for the Parish OF Orleans, State Of
LOUISIANA, duly commissioned and qualified
and IN the presence of the witnesses here.
matter named and undersigned, personally
came and appeared:
The several persons whose names are here
matter subscribed, OF the full age OF ma
JOrlty, who declared TO me thai syailinu
themselves o! the laws of this state relative
10 the organization Of corporations, partic-
ulsrly Act No. o7 OF 1914, page sci, of the
legislative acts OF this State, they have
Covenanted and agreed and by these pres
entS do covenant and agree for themselves
and their successors and assigns to form
themselves into corporation and BODY pol
tic IN law, for the objects and purposes. and
ander the stipulatlonS hereinafter set forth,
,s-wit:
Article 1.-The name and title OF the cor.
poratIon shall be Phoenix Drilling Company,
incorporated. and under such title II shall
have and ENJOY succession and existence for
period OF nlnety-nIne years from date here
Of. 1t shall have the power and authority
20 contract, sue and be sued, and make and
use corporate seal, the same 10 break and
alter az pleasure; 10 hold, 10 purchase, lease,
sell tbOILBdBt, NNpOllcCdte or pledge, prop
cry real, personal, or mlVed, necessary. in
cidentsl or proper for the carrying on Of its
business, and, 10 that end, 10 further mort
gage all oil or mineral leases, grants or con-
tracts held by It, together with all buildings.
constructions and improvements placed and
erected said lands, or 10 be placed or
erected thereon, well as 10 issue bonds
secured by such mortgages, such bonds to
be issued IN such amounts, at such rate OF
interest, and 10 run for such length OF time
- ~ Sal
said leases or guarantees NAV determine
20 buy and 10 hold stock in any other COM
pany or companies that may assist this COM
pany in lis objects and purposes; 10 make
and issue notes and certificates Of indebted
ness; to name, elect and appoint managers
directors and clerks or other employees to
properly conduct rs corporate business, and
to make and establish such bylaws, rules
and regulations as may be found necessary,
or desirable, Tor the management OF the bus
mess and affairs OF the corporation, and gen
orally 10 do all and every other act matter
Or thing, necessary tor the complete and
proper carrying out Of said business.
Article 2-The domici'e of the corporation
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 his alb
senCe, upon the y!ce-p-esldent.
Article 3.-The objects and purposes for
which this corporation Is organized and the
nature Of the business 10 be carried on by
H. and stated are declared 10 be as follows:
First: To prospect, bore and drill for, and
ais; TO purchase lands or otherwise acquire
lands believed 10 contain oil, gas, sulphur
and other minerals; TO erect and maintain
thereon drills, pumping stations, reservoirs.
tanks, pipe lines, and other facilities and
convenienceS that may be necessary or re-
CURED in and 10 the business.
Second: To build, construct, lease, pur-
chase, or otherwise acquire, buildings, ma
chinery and other apparatus for refining,
smelling, manufacturing, or otherwise work
ing up the products OF mineral lands, either
produced by this corporation, or other per
sons or corporations, and 10 refine, Smelt,
manufacture, 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 10 the best ad.
vantage.
Third: Ts carry on such other business
pertaining to the aforedescribed purposes as
may be found necessary desirable, or
such as is generally engaged in by a cor
poration Of this kind.
Article 4-The capital stock of this cor
poraiion is hereby fixed at the Of
twenty-five thousand three hundred and
rhirty-eight G22,35SOO) dollars, divided into
;hirty-one hundred and ninety-four 3,l9+)
shares, Of par value OF seven dollars 500
lent in property No certificate of stock
shall be issued and delivered unless it is
fully paid for, for property purchased or
leased; No stakeholder shall ever be held
liable or responsible for the faults, contracts
or debts, OF this corporation in any further
than the unpaid balance due the cor
poratien en- the shares OF stock subscribed
for by him; nor shall any mere lnfOTmality
in the organization have the effect OF rem
dering this charter null, or OF exposing
shareholder TO any liability Whatsoever; nor
shall the stock be subjected 10 assessment.
The corporation may begin business and be
going concern as soon as eleven thousand
one hundred and siXty-ninc dollars of the
capital stock shall have been subscribed and
paid for.
Article s-All OF the corporate powers of
this corporation shall be vested in and eX-
ercised by board of directors TO be cNn-
posed OF three stockholders, winch number
may be increased by the stockholders al
general meeting Tor that purpose up to nj
teen members, a majority OF whom shall
constitute a quorum for the transaction OF
business. Until the second Monday OF Jan
uary, 1913 the following named persons shall
constitute the board Of directors OF this cor
poration, to-wit:
NJ ]. Epley, c NJ. oun and Albert NJ.
Andrews.
Thereafter. the directors shall be elected
annually on the second Monday of January
Of 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 the books
Of the corporation, this vote to be cast in
person. or by proxy, and il shall require
majority Of stock present represented, TO
elect The failure to elect the board OF
directors on the second Monday in January,
Or annually, thereafter. shall not work the
forfeiture of this charter, hut the old board
Of directors shall remain until their success
sors are elected and qualified
Article 6-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-
uuired to call such special meetings when.
the members of the board OF directors. Three
DAYS notice of such special meetings shall
be given in writing TO the directors unless
waiver of notice is signed by the directors
ANY vacancy occurring on the board, either
from death. resignation, or inability 70 serve,
shall be filled by the board OF directors.
The first board OF directors of this corpora
ton shall be required to draft suitable
set of bylaws for the government OF this
corporation. which may be altered, amended
or changed, as the exigencies OF the same
may require.
Article THE officers of this corporation
shall consist OF president, first vice-pres-
ident and any additional number OF vice
presidents As the board may see mt to specify
in the bylaws. and a secretary and treas.
urer, all of whom shall be stockholders and
members Of the board OF directors. Until
the board Of directors to be elected on the
second Monday in January, 1918, shall other