The herald., 1917-12-27
CHARTER.
OF OLD LAKE PETROLEUM COMPANY
INC

OF OLD LAKE PETROLEUM COMPANY
INC.
United States of America, State of Louisi
ana, Parish of Orleans, City Of New
Orleans.
Be it known, that on this seventeenth day
| of December, in the year of our Lord, one
| thousand nine hundred and seventeen Q9l7)
| and of the Independence of the United States
of America, the one hundred and forty first
| before me, Rolla A. Tichenor, a notary pub
| lie, duly commissioned and qualified, in and
for the City of New Orleans, Parish of Or
| leans, State of Louisiana, therein residing
and in the presence OF the witnesses here
matter named and undersigned; personally
came and appeared:
| The several persons whose names are here
unto subscribed, who declared,
That availing themselves of the provisions
of the laws of this state relative to the
organization of Trading Corporations" and
more particularly of Act b7 of the General
| Assembly of the State of Louisiana, for the
| year 1914, they do by these presents cove
| nant, agree and bind themselves, their asso-
ciates and successors, to form and organize
and constitute a corporation tor the objects
and purposes and under the stipulations,
agreements and regulations following, to-wit:
Article 1.-The name and style OF this
corporation shall be Old Lake Petroleum
Company, Incorporated; and its domicile
of Orleans, State of Louisiana; it shall ex-
ist and continue as a corporation tor a
period of ninety nine C99) years from the
date hereof, unless sooner dissolved; and it
shall have power to sue and be sued IN ITS
corporate name, use a corporate seal, TO re-
ceive, lease, purchase or otherwise acquire
property, both real personal and mixed, and
to mortgage, pledge, hypothecate or other
wise cucumber or ALLEVIATE same; to appoint
such officers and employees its business
may require; to make bylaws, rules and
regulations it may deem needfu, proper
and necessary for the management of its at
fairs, and generally to have and enjoy all
the powers and privileges granted by law
to such corporations.
Article qI.-Obiects and Purposes. The
objects and purposes for which this corpo-
ration is created and the nature of the bus
mess to be carried on by it are hereby
declared to be:
LIST. To buy and otherwise acquire, to hold
and own, manage, operate, improve, lease,
develop and sell land, mineral rights, oil
wells, and other real estate and interests
and rights in and to any of said properties.
End To engage in and carry on the BUSH
ness of prospecting, boring, drilling and ex-
ploring for oil, gas or other minerals; to
| produce, refine, dstill, treat, manufacture,
pipe, carry, handle, store, deal in, buy and
sell oils, petroleum, natural gas, asphaltum,
oitumen, bituminous rocks, and other min
eral and hydro-carbon substances, and the
| by-products of such substances; and for such
! purpose to buy and otherwise acquire, hold,
own, manage, and operate retneries, pipe
lines, tanks, manufactures machinery, tank
cars and other works. property and appli-
| ances that may be incident or auxiliary to
| said business, or that may be deemed neces-
| sary or convenient in the carrying out of
| the above objects and purposes.
| 3rd. Also TO take and acquire by pur-
chase, exchange or other lawful modes, and
| TO hold, own, sell and otherwise dispose of
the capital stock, bonds and other securities
| of other corporations engaged in the same
| character of business as this corporation.
4th Also to establish agencies, offices.
| storage tanks and houses, and to sell articles
! and products manufactured by itself, or other
persons or corporations, engaged in the same
line of business as this corporation, in this
state and other states or territories or de-
tendencies of the United States of America
| and in foreign countries.
sth. To charter, own, and operate ships,
1 tugs, bargrs and other vessels for the trans
| portation of petroleum and its products, and
| to lease or own and operate wharves, docks,
tanks, cars, and other equipment necessary
| for the transportation of petroleum and its
| by-products by land water, and in con-
| nection with the business aforesaid to erect,
| maintain and operate telegraph or telephone
| lines, and generally, to have, hold and ex-
ercise all such Incidental powers and privi-
leges relate to the objects and purposes
| above set forth.
Article III.-The capital stock of this cor
| poration shall be Two Hundred and Fifty
Thousand Cs2s0,0O00O dollars, divided into
| twenty-five hundred (25OO) shares of the par
value of one hundred $4,000 dollars, each ;
| and this company may commence business
| and be going concern when all of its stock
has been subscribed for and paid for in
| FULL in cash or its equivalent in property.
real, personal or mixed, the location, value
and description of which property to be given
| IN payment for the subscriptions to the cap
| ital stock of this corporation, otherwise than
| in cash, is hereby set forth described and
1 itemlZed nd
| and valuation hereto annexed and made part
| hereof, as required by Section 3 of Act DOT
| of 1914
| Article IV.-All the corporate powers of
this corporation shall be vested in and ex-
| ercised by a Board of Directors, to be com.
| posed OF not less than three %, nor more
| than hve 80 stockholders, who shall be
elected on the first Monday in the month
4 81 January of each year, commencing on the
-hrst Monday in the month of January 1919
The present board of directors shall hold
ONCE until their successors shall be elected
| and qualified
hrst Board of Directors and officers of this
President; J. w. Browneil. Vice President
W E. Rosser, Secretary Treasurer.
| Each member of the Board of Directors
| shall be entitled to one vote.
Notice of all meetings of the Board Of
| Directors shall be given in such manner
and in such time as may be fixed by the
/
stockholders shall be given in writing, by
mail. at least ten days previous to such
meeting
| Article V.-The directors shall be elected
/ for term of one ID year. at the annual
meeting of the stockholders. by a majority
vote of the stock present and represented.
Article VI.-All citations and other legal
process shall be served upon the president,
or in his absence upon the secretary-treas-
i urer
| Article VII.-No transfer of stock shall be
| admitted or held to be valid or binding, un-
less made upon the books of the corporation.
| Article VIIL-This charter may be amend
ed or the corporation dissolved by a vote
of twothirds Of the capital stock present
or represented at meeting called for the
purpose. and notice of such meeting shall be
given each stakeholder in writing at least
thirty days prior thereto.
| Whenever this corporation is dissolved
either by limitation. or by a vote of its
stockholders. its affairs shall be liqnidated
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