The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-18

ing themselves OF the laws Of this state rel /
atIvc 70 the organization Of corporations par
t,cularly Act No. 2o7 Of 1914, page S2l, of
the legislative acts Of this State, they have
covcndnted and agreed ahd by these presents
ID covenant and agree Tor themselves and
their successors and assigns to form them
selves into a corporation, and body polite
III law, for the objects and purposes, and I'M
der the stipulatious hereinafter set forth,
to-wit:
Article THE name and title Of the cor
poration shall be Standard Drilling Com
pauy. incorporated, and under such title
1t shall have and ENJOY succession and eH-
istence for period of ninety-nine years
from date hereof II shall have the power
and authority TO contract, sue and be sued,
and MAKE and use 4 corporate seal, the same
to break and alter at pleasure; TO hold, to
purchase, lease, sell, mortgage, hypothecate,
OF pledge, property, real, personal, or mixed,
necessary, incidental proper for the car
rying on OF its business, and 10 that end,
to further mortgage all oil or mineral leases,
grants or contracts held by 1t, together with
all buildings, constructions and improve
ments placed and erected said lands, or
to be placed or erected thereon, well as to
issue bonds secured by such mortgages, such
bonds 10 be issued in such amounts, at such
rate Of interest, and to run for such length
Of time. not exceeding the term of said leases,
as said leases guarantees may determine,
70 buy and 10 hold stock in any other COM
pany or companies that may assist TINS com
pany in its objects and purposes; to make
and issue notes and certificates of indebted
ness: to name, elect and appoint managers,
directors and clerks or other employees o.
properly conduct its corporate business, and
to make and establish such bylaws, rules
and regulations as may be found necessary,
or desirable, for the management of the bus.
mess and affairs OF the corporation, ana
generally TO do all and every other act, mat
ter or thing necessary for the complete and
proper carrying out of said business.
Article 1.-THE domicile OF the corpora
ton shall be in the city of New Orleans,
80 : Ga If ~
all citations and other legal process shall
be served upon the president, or, IN his abb
sence, upon the vice-president:
Article IIl.-The objects and purposes for
which this corporation Is organized, and the
nature Of the business 10 be carried on by
it, and stated are declared TO be as follows
First: To prospect, bore and drill for, and
produce oil, gas, sulphur and other minerals;
TO purchase lands or otherwise acquire lands
believed TO contain oil, gas, sulphur and
other minerals; TO erect and MAINTAIN there
on drills, pumping stations, reservoirs, tanks
pipe lines, and other facilities and conve-
niences that may be necessary required
in and TO the business.
Second: To build, construct, lease, pur-
chase, or otherwise acquire, buildings, ma
chinery and other apparatus for refining,
smelling, manufacturing, or otherwise work
ing up the products OF mineral lands, either
produced by this corporation, or other per
sons or corporations, and to rehne' smelt'
| manufacture, or otherwise work up the by
products of said minerals, and TO operate the
said plant and market the products by
products as manufactured to the best advan-
| tage.
Third: To carry on such other business
pertaining to the aforedeScribed purposes as
may be found necessary or desirable, or such
as is generally engaged in by corpora
ton of this kind
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum OF nifty
seven thousand dollars $4,000, divided into
eleven thousand three hundred and ninety
4 II. ut
dollars (SO each, to be paid for IN cash
| or its equivalent in property. No certificate
of stock shall be issued and delivered unless
it is' fully paid for or Tor property puIchassgG
| liable or responsible for the faults, con
tracts, or debts, of this corporation in any
further sum than the unpaid balance due
| the corporation on the shares OF stock sub
| scribed for by him; nor shall any mere IN
| formality in the organization haveethe efec
of rendering this charter null, or OF exposing
shareholder to any liability whatsoever
nor shall the stock be subjected to assess
ment The corporation may begin business
| and be a going concern as soon as twenty
eight thousand FIVE hundred dollars OF th
capital stock shall have been subscribed AM
paid for.
Article Vail of the corporate. powers o
this corporation shall be vested in and ex
ercised by Board of Directors to be com
posed of three stockholders, which numoe
may be increased by the stockholders at
general meeting for that purpose up to nj
Teen members, a majority OF whom shall
constitute a quorum for the transaction
business Until the first Monday OF jar
uary, 1918, the following named persons sha
! constitute the Board of Directors of this col
poratiou, to-wit:
Clarence Edmund Fettis, George Cuthbei
Bacot and Henry Richard Fine.
. Thereafter, the directors shall be electe
annually on tie first Monday in January {
: each year. All elections for directors sha
be by ballot, and each stakeholder shall b
! entitled to vote for each share OF stoc
standing in his name on the book OF n
D corporation, this vote to be cast IN person
: or by proxy, and it shall require maJorit
: of stock present or represented, to cleo
The failure TO elect the board of director
{ on the first Monday in January, or annual,
3 thereafter, shall not work the forfeiture
this charter, but the old board of directo
shall remain until their successors are elec
. ed and qhalihed.
Article VI.-The Board of Directors sha
' hold regular meetings at stated intervals
e such times as shall be fixed in the bylaw
of the corporation. These meetings shall |
5 held at the domcile OF the corporation, b'
|. the president may call special meetings
the Board of Directors at such times as ]
may deem advisable, and he shall be, T
CURED to call such special meetings whe
ever requested to do so by eight memoe
of the Board OF Directors. Three days n
: tice of such special meetings shall be give
= in writing to the directors unless waiv
1 of notice is signed by the directors. Ar
vacancy occurring on the board, either fro
:, | death, resignation, or inability to serv
shall be filled by the board of directors. II
first board of directors of this corporate
= shall be required to draft a suitable set
bylaws for the government OF this corpor
ton, which may be altered, amended
[ changed, as the exigencies of the same nj
J | require.
Article VII-The officers of this corpor
ton shall consist Of a president, first vic
president, second vice-president and
secretary and treasurer, all of whom shall
stockholders and members of the board
directors Until the board of directors
> be elected on the first Monday IN Januai
! 1913. shall otherwise elect, the follow
i named persons shall constitute the ottct
J. of this corporations: Clarence Edmund +
, tbs, as president, whose address IS s. AuC
). bon Blvd, New Orleans, louisiana; Geoi
L Cuthbert Bacot, as vice president, whose
A dress is 85O4 Sycamore Street, New Orlea
:, louisiana; Henry Richard Fine, as sec
= tary-treasurer, whose address is 1928 BIZ
Street, New Orleans, Louis. ma.
Article VIII.-This charter may be mo
fed or altered the capital stock thereof
creased or decreased, or the corporation
be dissolved with the assent OF three-tour
IT, of the stock present or represented at q
general or special meeting of the stockho
si- ers for such purpose after thirty days pl
w notice in writing to each stakeholder,
mailed to him at his last known post OF
'e- address and after publication in a ia
NJ newspaper published in the city OF New
,e- leans, and upon complying with the law
- md nr0vihed