The herald., 1917-04-26
Take EIevat tor.


,,pa, fp- 'h- objects and purposes: and under
the stlnu'4t.ors hereinafter set forth.
A-'.r.c L. The name and t.lc o: thls cor
p1-a;i5r shall = Canadian OIL Co, Inc, and
under its corporate name II sgLll ENJOY sue
,->,.o2 for ~ term and period OF ninety
nine ,~lrs from and after the date hereof,
and shall have power and authority 70 con-
,rac:. sue and I've sued. 20 accept and receive
,.rr.caCr-. pledges, or other hyprthccLIonS,
% make and use corporate seal, and the
same q break and alter IL pleasure; % pI~-
chase, receive, lease, hold, or otherwise ac-
qu.-c ana convey, as well as mortgage and
c-,y Ir.h zeal. personal and mixed; - G0--
-tw money and make and issue bonds and
Dt.!rr evidences o: de5t. and - secure the
SaUc by mortgages ~ otherwise; . name
and appoint such managers and directors.
officers and agents as the interest and con-
ycu3ruce If sand corporation may require,
and - make and establish, as well as alter
ard amend AZ pleasure, such bylaws, rules
regulation OF the affairs OF the corporation
ds may be necessary, proper or convenient.
Article 1.-THE d1mic;le Of this <5rqora-
ton shall be the City OF New Orleans. and
all citations or other legal process shall be
served upon the president OF the corporation,
Jr, in his absence, upon the vice president
Article IlI-Ihe objects and purposes for
which this corporation Is established, and
the nature Of the business 10 be carried on
by il, are declared and specified to be: To
mine, dig and drill for, or otherwise obtain
r. n the earth, oil, gas, sulphur, salt and
other minerals; 20 manufacture, refine, pre-
pare for market, buy and sell and transport
the same in the crude or refined condition
% acquire for those purposes oil, gas, sui
phur. salt coal and other mineral lands and
leIse-h lids and other interests or rights IN
| real estate or minerals: 70 construct and
maintain conduits and lines OF tubing and
| pipITg fo- the transportation OF natural gas
and or oil; to buy. sell, hold, lease, mort
gage. ALLEVIATE, and deal in real estate of
| all sorts; 70 drain. reclaim, colombo. develop
and improve lands; 20 erect buildings and
| other structures, and TO operate, lease, or
| otherwise handle them and deal therein; %
| construct. acquire, maintain and operate all
| -allroadS- tramways, telegraph and telephone
| lines, canals, waterways, boats and other
means OF transportation necessary or conve'
| nient in prosecuting the business of the
| company; 10 construct and operate hotels
| warehouses and general stores; 70 issue
| bonds, mortgages and hypotheCations 20 the
| extent necessary or proper for its business;
| o acquire. and hold. sell, cucumber. or dis.
| pose of stocks and bonds of other companies
| 20 the extent permitted by law; 10 exchange
| its entire capital stock or any part thereof
| for property which il is authorized 10 &C.
| quire, or 70 exchange its entire assets and
| business, or any part thereof. for property
| stocks bonds, or other obligations OF other
| companies; to hold stock in other corpora
| tons; TO perfect and acquire patent rights
| improvements, or processes; and 10 do and
| transact all business properly connected
with, incidental, or convenient 70 any OF
the said obligations and purposes.
| Article IN.-rhe capital stock Of this cor.
| poration is hereby fixed al two hundred
! and fifty thousand dollars (S25OOOO.OO). 10 be
| divided into and represented by twenty five
| thousand (25OOO) shares of par value Of
| zen dollars $1,000 each which shall be paid
| actually received by the corporation, or for
services rendered This capital stock may be
| increased up to the of FIVE hundred
| thousand dollars (S5OO0O0.OO.
Article V.-All powers of this corporation
| shall be vested in and exercised by board
| Of not less than three nor more than seven
! directors; within these limits the number
may be increased at any time, and the new
| Offices filled by a two-thirds vote of the
| entire directorate. The board shall elect
| from their number a president, e-presi
| dent, secretary and treasurer, and such
| other officers as they may think proper oil
| convenient for the carrying on of the com
| panyS business, and shall have power e
| unite two more offices, and the same e
confer upon one person, or TO dispense witt
| any office in its discretion, and to fix tn,
| salaries of all officers, agents and employees
| The board of directors shall be elected an
nually on the second Monday OF March o.
the year 1918. All such elections shall b,
| by ballot, at the Office of the corporation
Notice Of annual meetings, well o
| special meetings of stockholders shall b
days in advance Of the date for such meet
ing, to each stakeholder appearing as such OF
the books of the company, at his last des
gnated address, or at the General Deliver.
mated an address. Each shareholder shall
be entitled to one vote for each share o
stock standing in his name on the book
of the company, said vote to be cast i
votes cast shall elect The board of drec
tors shall have the power to fill all vacan
| cles which may occur, or IN any mamie
arise or be created on the board of director:
al
such vacancies are to be filled Failure {
elect directors on the day above specific
shall not dissolve the corporation, but tn
directors then in Office shall remain in offc
until their successors are elected. The boar
! Of directors shall have power TO make an
establish, as well as alter and amend, a
J bylaws, rules and regulations necessary an
, proper for the support and management q
the affairs and business of the corporation
and not inconsistent with its charter. TIL
board shall have power, without referring
the stockholders, to borrow money, execut
mortgages. issue notes, pledges, bonds, Q
other obligations, in such amounts and o
| such terms as in their judgment may b
advantageous; and generally to do all thing
| reasonably necessary or convenient for tn
proper carrying on of the business of tn
lied to issue and deliver full paid shares @
stock and bonds or obligations of the com
pany, in payment OF property acquired D
! said corporation, and especially for tn
Charles A. Poirson, at such valuation as i
their judgment may be proper A majorit
of the directors shall constitute quorur
for the transaction of business. The boar
of directors shall have the power, by a vot
of not less than two-thirds of all director:
to sell all or any part of the property, nova
BILE and immovable, belonging to the COZ
poration, or to receive in exchange thereto
money or stocks or bonds, or other obligs
tions of another individual, firm, or corpora
ton, Of any character, without referring I
the shareholders for power to do %. A
any meeting of the board of directors, an
director absent from the meeting may
represented by any other director, who ma
cast the vote of the absent director accord
ing to the written instructions, either ger
eral or special, of said absent director
Until the annual meeting of 1918, or unit
the board is enlarged, as herein. provided
the board of directors shall consist of IN
following: o. G. Devenish. post-offce az
dress, 800 Burns Block, Calgary, Canada
Marenus Janse, post-ofice address, No. Isl
Robert street, New Orleans. La: w. !
Campbell, post-ofice address Macarthur BuilC