The herald., 1917-09-20

I United States OF America, State of Louisi-
| ana Parish OF Orleans, City OF New
! Orleans.
BE it known, That on this 3rd day 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
| jor.,y, who declared to ME that availIng
| themselves Of the laws Of this state relative
| 10 the organization Of corporations, partc-
! ularly Act No. POI Of 1914 page s2l, Of the
! legislative acts OF this State, they have
| c0venanied 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
! iiic IN law, tor the objects and purposes, and
| under the stlpniatlc0s hereinafter set forth,
| .O-wIt:
Article The name and title Of the cor.
| poratiDn shall be Phoenix Drilling Company,
| incorporated, and under such title 1t shall
| have and enjoy succession and existence for
| a period OF ninety nine year, from date here
| Of. II shall have the power and authority
to contract, sue and be sued, and make and
| Use a corporate seal, the same 10 break and
| alter Al pleasure; to hold, to purchase, lease,
| sell, mortgage, hypothccate or pledge, prop
y
| CIdautdl or proper for the carrying on of its
! business, and, to that end, 10 further mort
! gage all o.. or mineral leases, grants con-
! tracts held by II, together with all buildings.
| constructions and Improvements placed and
! erected on said lands, or 10 be placed or
! erected thereon, as well 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,
| not exceeding the term OF said leases, as
| said leases or guarantees may determine,
| To- buy and to hold stock IN any other COM
| panv or companies that may assist this com
! pany IN its objects and purposes; TO make
! and issue notes and certificates OF indebted
| ness; - name. elect and appoint managers
| directors and clerks or other employees 70
| properly conduct its corporate business, and
| and regulations as may be found necessary,
! or desirable, Tor the management of the bus
! mess and affairs OF the corporation, and gen
! orally to do all and every other act, matter
| ~ thing, necessary for the complete and
| proper carrying out Of said business.
| Article 1.-The domicile 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 vice-president
| Article 3-The objects and purposes for
| which this corporation Is organized, and the
| nature Of the business to he carried on by
1t, and stated are declared to be as follows:
| First: To prospect bore and drill for, and
| produce oil, gas, sulphur and other miner
| ais: to purchase lands or otherwise acquire
| lands believed to contain oil, gas. sulphur
| and other minerals; 10 erect and maintain
! thereon drills. pumping stations, reservoirs,
| tanks, pipe lines, and other facilities and
couveniences that may be necessary or re
| quired in and to the business.
| Second: To build construct, lease, pur
! chase. or otherwise acquire, buildings, ma
| chnery and other apparatus for refining,
| smelling, manufacturing, or otherwise work
| ing up the products of mineral lands, either
| produced by this corporation, other per
| sons or corporations, and TO refine, smelt,
| manufacture, otherwise work up the by
products OF said minerals. and TO operate the
| said plant and market the products OF by
products manufactured to the best ad
| vantage.
Third: To carry on such other business
| pertaining to the aforedescrbed purposes as
may be found necessary or desirable, or
| such is generally engaged in by a cor
pora;ion of this kind.
Article 4-The capital stock of this cor
poratIon Is hereby hNed at the sum OF
TWENTY-FIVE thousand three hundred and
rhirty-eight ($22,55S.uW dollars, divided into
tn .rty-one hundred and ninetyiour Gl94
shares of par value OF seven dollars $500
each, to be paid for in cash. its equiva-
lent in property. No certificate of stock
shall be issued and delivered unless it is
fully paid for, or for property purchased OF
| lea Sed: 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 cor.
poration on the shares OF stock Subscrl bed
for by him: nor shall any mere lntOrmalIty
! in the organization have the effect Of rem
| dering this charter null, or OF exposing a
| shareholder to any liability whatsoever; nor
| shall the stock be subjected to assessment.
| The corporation may begin business and be
| a going concern as soon as eleven thousand
| one hundred and sixty-nine dollars Of the
capital stock shall have been subscribed and
paid for.
Article 5-An of the cooperate powers OF
this corporation shall be vested in and ex-
| ercised by board of directors to be com
| posed of three stockholders, which number
may be increased by the stockholders az a
| general meeting for that purpose up TO nj,
| teen members. I majority of whom snail
| constitute a quorum for the transaction OF
business. Until the second Monday OF an
uary 1913. the following named persons shall
constitute the board OF directors OF tins cor
poraton, to-wit:
NJ. J. Epley. c. NJ ouin and Albert NJ.
Andrews.
Thereafter, the directors shall be elected
annually on the second Monday OF January
Of each wear. All elections for directors
shall be by ballot, and each s,oc kholder
shall he entitled to one vote Tor each snare snare
Of stock standing in hi, name on the books
Of the corporation, this vote to be cast IN
person. or by proxy. and II shall require a
majority of stock present or represented, 10
| elect. The failure 10 titCI lLlt ppdIh u
directors on the second Monday in January
or annually thereafter, shall not work the
forfeiture of this charter, but the old board
IF 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 by avs OF
he corporation These meetings shall be
held at the domicile Of the corporation, but
| ,be president may call special meetings OF
| The board of directors at such times as ne
NAV deem advisable, and he shall be re-
| uuired TO call such special meetings when
! | ever requested to do SO by majority oil
| the members OF the board OF directors. Three
davs notice of such special meetings snail
| he given in writing to the directors unless
A waiver of notice is signed by the directors
ANY vacancy occurring on the board, eitnel
| from death. resignation, or inability 70 serve
shall he filled by the board OF directors
The first board OF directors OF this corpora
ton shall be required to draft a suitable
: set of bylaws for the government OF TINS
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 a president, FIRST vice-pres
: ident and any additional number OF vice
presidents as the board may see nj to specify
| in the bylaws. and a secretary and treas
I urer. all of whom shall be. stockholders anC
r members of the board of directors. Unti
The board of directors TO be elected on tht
| second Monday in January, 1918, shall other