The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-08
CHARTER
Of CENTURY OIL AND REFINING co.

49, '-'-''' ~
United States Of America, State OF Loursi-
ana, Parish Of Orleans, City OF New
Orleans.
Be j; known. tina. on this 9th dav Of the
month ui October I'D the year OF our Lord one
thousand nine hundred and seventeen OgI0,
before IRE, Watts X Leyer.Ca. a notary
public in and Tor the Parish Of Orleans. State
u Louisiana daily commissioned and quail
fed. and IN the presence Of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are hc-euut0 subscribed, all Of
| the age OF majority, who declared that
ayal.Ing themselves Of the provisions Of the
laws OF tins State relative TO the organlza-
ZION Of corporations. they hereby form them
selves INFO and constitute corporation, for
The objects and purposes and under the stIp-
ula;luns hereinafter set forth
Article The name and title Of this cor
pordll0n shall be Century OIL and Refining
Co., Inc, and under is corporate name u
shall enjoy succession for the term and
PERIOD OF ninety lyyD years from and
after the date hereof; and shall have power
and authority 10 contract, sue and be sued /;
20 accept and receive mortgages, pledges, OF
7ther hypothecatIons; 10 make and use
corporate seal and the same to break and
alter al pleasure; to purchase receive, lease,
hold or otherwise acquire and convey, as
well as mortgage and hypothecate, under its
corporate name, property, both real, personal
and mixed: to borrow money and make and
and to secure the same by mortgages or
otherwise: to name and appoint such man
ayers and directors, officers and agents as
the interest and the convenience of said cor
poratIon may require, and 10 make and estab-
lsh, as well as TO alter and amend at
pleasure, such bylaws, rules and regulations
for the management and regulation OF the
affairs Of the corporation as may be neces-
SAIL, proper or convenient.
Article 1.-THE domicile Of this corpora
tion shall be in the City of New Orleans,
and all citations or other legal process shall
be served upon the president OF the corpora
uon, or IN his absence, upon the vice
president.
Article III.-The objects and purposes for
which this corporation Is established, and
the nature OF the business 10 be carried on
mine, dig and drill for, otherwise obtain
from the earth, otherwise, oil, gas, sui
phur, salt and other minerals; TO manufac-
ture, refine, prepare for market, buy and sell
and transport the same IN a crude or refined
condition; TO acquire for these purposes oil,
gas. sulphur, salt. coal and other mineral
lands and leasehOlds and other interests or
rights IN real estate or minerals; 10 CON
st-uct and maintain conduits and lines Of
tubing and piping for the transportation OF
natural gas and or oil; 10 buy, sell, hold,
lease. mortgage, ALLEVIATE and deal in real
estate Of all sorts; TO drain, reclaim, colo
rize. develop and improve lands. TO erect
buildings and other structures and 10 oper-
ate, lease or otherwise handle them and 10
deal therein; TO construct. acquire. maintain
ard operate all railroads. tramways, tele-
graph and telephone lines, canals, water
ways. boats and other means OF transp0rta-
t'on necessary or convenient in prosecuting
| the business Of the corporation; 10 construct
| and operate hotels, warehouses and general
stores; 70 issue bonds, mortgages and hypOth-
I eCatlonS 10 the extent necessary proper
/ for rs business; to acquire and hold, sell,
cucumber or dispose of stocks and bonds OF
other companies to the extent permitted by
| law; TO exchange its entire capital stock, or
! any part thereof, for proerty which il is
authorized Of acquire, or 10 exchange its
| entire assets and business, or any part
| thereof for property or stock or bonds or
other obligations OF other companies; 10 hold
| stock IN other corporations; 10 perfect and
| acquire patents, rights, Improvements or
processes; 70 do and transact all business
properly cor lected with, incidental or con-
veuient 70 any Of the said objects and pur-
poses
Article TV.-The capital stock of this cor
poration Is hereby fixed at two hundred
thousand dollars (S2OO,OOOOOD, 10 be divided
into and represented by twenty thousand
| (20o0Qi shares Of par value Of ten dollars
$50. each. which capital stock shall be paid
for in cash, may be issued for property
actually received by the corporation, or for
services rendered. The capital stock may
be increased up to the sum of one million
dollars (sl,O00OOOOO.
Article V.-All the powers of this corpo-
ration shall be vested in and exercised by
4 board OF not less than three nor more than
nine directors, the number 10 be fixed by
he stockholders at their annual meeting.
The board shall elect from their number
a President, two Vice Presidents, a Secretary
and a Treasurer, and shall elect but not
necessarily from their number, su1h other
| officers "a they may think proper and con-
yenIent for the carrying on of the eompany's
business, and shall have the power to unite
two or mere Offices and the same 10 confer
upon one person, or 10 dispense with any
Offices IN its discretion, and 10 fix the sala-
rIeS Of all officers, agents and employees
A board Of directors shall be elected an
nually on the second Monday of July OF each
year, the hrst election TO be held in the
year 1913. All such elections shall be by
ballot, at the office Of the corporation No
tIce OF annual meeting, well as special
meetings Of stockholders, shall be given by
written notice mailed fifteen days in advance
| OF the date OF such meeting 10 each stock
holder appearing as such on the books Of the
| company, at his last designated address, OF
| at the General Delivery at New Orleans
| Louisiana, If he has not designated an ad
| dress. Each shareholder shall be entitled
! to one vote for each share Of stock standing
| in his name on the books Of the company
| SAID vote to be cast in person or by proxy
! and the majority OF the votes cast shall elect
| The board of directors shall have the pOwer
| to fill all vacancies which may occur or II
any manner arise or be created on the boarC
OF directors, even though no quorum remain
| az the time such vacancies are to be filled
| Failure 10 elect directors on the day abovt
| specified shall not dissolve the corporation
| but the directors then in office shall remain
| in office until their successors are elected
| The board of directors shall have power q
| make and establish, as well as alter an,
| amend, all bylaws, rules and regulation
| necessary and proper for the support an,
| management Of the affairs and business 0
| the corporation and not inconsistent with il
| charter The board shall have power, with
out referring TO the stockholders, 20 borrow
| money, execute mortgages, and issue notes
pledges, bonds or other obligations in sue!
| amounts and on such terms as in their judg
| ment may be advantageous, and generally q
| do all things reasonably necessary or con
| venient f0fr the proper carrying on OF n,
| business OF the corporation; and they ar
| especially authorized 10 issue and deliver
| full paid shares Of stock and bonds or obi
cations Of the company in payment Of prop
| erty acquired by said corporation, and espe
| cally for the whole or any part OF The
| leases or property now held by the Louis
! ana Company, Incorporated, at such vaua
| ton as in their judgment may be proper. A
| ma JCTity OF the directors shall constitute
| quorum for the transaction OF business. The
| board Of directors shall have the power, by
a vote Of not less than two-thirds Of al
| directors. to sell all or any part OF the prop
| erty, movable and immovable. belonging r
| the corporation, or 70 receive in exchange
| obligations OF another individual, FIRM o.
corporation Of any character, without re
| ferring TO the shareholders for power 10 d.
so. At any meeting Of the board Of direc
tors any director absent from the rneetin,
| may be represented by any other director
| who may cast the vote Of said absent direc
! tor according 20 the written instructions o