The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-20
CHARTER.
)F OLD LAKE PETROLEUM COMPANY
INC

1 OF OLD LAKE PETROLEUM COMPANY
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. ont
thousand nine hundred and seventeen (i9l7)
and OF the Independence of the United States
Of America, the one hundred and forty-tirst
before me. Rolla A. Tichenot, a notary pub
lie, duly commissioned and qualified, in ant
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 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 267 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 for 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
shall be in the City of New Orleans, Parish
Of Orleans. State of Louisiana; it shall ex-
ist and continue as a corporation tor
period of ninety nine 99) years from the
date hereof, unless sooner dissolved; and 1t
shall have power to and be sued in its
corporate name. a corporate seal, to re-
ceiee. lease, purchase or otherwise acquire
property. both real personal and mixed, and
10 mortgage, pledge, hypOthecate other
wise cucumber ALLEVIATE same; to appoint
such officers and employees as its business
may require; to make bylaws, rules and
regulations it may deem needful, proper
and necessary for the management of its al
fairs, and generally to have and enjoy all
the powers and privileges granted by law
10 such corporations.
Article II.-Objects 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 bust
| ness of prospecting, boring, drilling and ex-
| ploring for oil, gas or other minerals; to
| produce, rehneI distill, treat, manufacture,
| pipe, carry, handle, store, deal in, buy and
| sell oils, petroleum, natural gas, asphaltum,
Ditumen, bituminous rocks, and other min
| eral and hydro-carbon substances, and the
| by-products of such substances; and for such
/ purpose 10 buy and otherwise acquire, hold,
| own, manage, cd operate rehneries, pipe
| lines, tanks, mahufactories machinery, tank
| cars and other works, property and appl-
| 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 this corporation, in this
state and other states or territories or de-
Tendencies of the United States of America
and in foreign countries.
5th. To charter, own, and operate ships
tugs, barges 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
Tor the transportation of petroleum and its
by-products by land or 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-
ieges as relate to the objects and purposes
above set forth.
Article III.-The capital stock of this cor
Poraton shall be Two Hundred and Fifty
| twenty five hundred (2s0O) 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
mas been subscribed for and paid for in
| full, in cash 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
| tai stock OF this corporation, otherwise than
| IN cash, is hereby set FORTH described and
| a aut
and valuation hereto annexed and made part
hereof, as required by Section of Act 267
| 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 90, nor more
man hve ~ stockholders, who shall be
elected on the first Monday in. the month
| OF January of each year, commencing on the
Irst Monday in the month of January 1919
The present board of directors shall hold
once until their successors shall be elected
and qualified.
The following persons shall constitute the
| hrst Board of Directors and officers of this
| corporation, namely: L. Edward Clark.
PRESIDENT J. W., Brownell. Vice President
W. +. 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
bylaws. Notice of all meetings Of 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 "a year. at the annual
meeting of the stockholders. by majority
vote of the stock present and represented
II Article VI.-All citations and other legal
process shall be served upon the president
or in his absence upon the secretary-treas.
urer.
Article vino transfer of stock shall be
| admitted held to be valid or binding. un-
less made UPON the books of the corporation
| Article VIII.-This charter may be amend
ed or the corporation dissolved by vote
| Of twothirds of the capital stock present
or represented ar meeting called for the
| purpose, aud 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 vote of its
stockholders, its affairs shall be liquidated
by three commissioners who shall be elected
at a meeting called for the purpose, as pro-
vided in this article.