The herald., 1918-04-18
CHARTER

Board of Directors may determine and deem
1t and proper; to do any and things general
ly for the purposes and objects for which
this corporation is organized enjoying all
the privileges and immunities granted by
law to corporations or that may hereafter
be granted to corporations.
Article 1.-THE domicle OF this corpora
ton shall be in the City of New Orleans,
State of Louisiana, and all legal process
shall be served on the President or in his
absence, on the Vice President. or in the
absence of both on the Secretary.
Article III.-The objects and purpose for
which this corporation is organized and es-
tablished are here declared to be- To &C
quire, by purchase, tease, otherwise,
lands in any part OF this State or else
where for the purpose of prospecting for oil.
gas or other minerals, and for that purpose
TO drill or cause to be sunk wells and
shafts; to acquire drilling rigs other ma
Chinery necessary to accomplish said pur-
poses: to engage in the distribution of oil,
gas other mineral by means of pipe lines.
baregs. boats, tramways, railroads, or other
conveyances or 10 lease suitcase all or
any part thereof to any other persons or
corporations for the like purpose, and in
order 20 fully carry out said objects
and purposes, to purchase. lease or
otherwise acquire pipe lines, tram
ways, railroads, boats, barges, tank
cars, locomotives, steam plants, pumping
stations, air plants and all such other ma
chinery as may be necessary incidental
thereto; to build, construct, lease, purchase
and other apparatus for refining smelling,
manufacturing otherwise working up the
products of mineral lands either produced by
this corporation or other persons or corpora
tiOns, and TO refine, smeit manufacture,
otherwise work all by products of said min
erals, to operate the said plant and market
the products and by products as manufac-
tured, to the best advantage; to carry on
all such business appertaning to oil, gas,
other mineral products as may be neces-
sary or desirable, and as are generally car
ried on by corporations of this kind; to con-
duct farms, nurseries and do all that may
be necessary and generally done by per
sons corporations engaged in this work.
Article IV-The capital stock of this cor
poration is hereby fixed at the sum of two
hundred and forty thousand dollars, (S2+0,-
0O.00. represented by thirty thousand CO.,
0O0 shares of the par value of eight dol
lars $500 per share; provided the capital
stock of this corporation may be Increased
TO FIVE hundred thousand dollars ($50O,O000.
This stock shall be payable in cash, prop
erty real or personal, or for services per.
formed or rendered, and no stakeholder shall
be held liable or responsible in any fur
Their sum- than the unpaid balance due by
him the shares of stock subscribed for
by him. nor shall any informality in the
organization of this corporation have the
effect of rendering any stakeholder liable or
multiplying this Charter.
Article V.-All the corporate powers of
this corporation shall be vested in Board
of Directors composed of three stockholders
elected annually the second Monday in
March of each year Immediately after be-
ing elected the stockholders so elected to be
members of the board of directors shall elect
from their number a president. a vice-presi-
dent, a secretary and treasurer, the last
two positions may be filled by the same
person at the pleasure of the board, if the
board deem it proper and fit to combine
these two Offices The said board of direct
ors shall have the power to increase, in their
discretion. the number of members to form
the board of directors from three TO nina,
and in any event three members of the
board will constitute a quorum for the
transaction of any business. All elections
for board of directors shall be by ballot
and each stakeholder shall be entitled to one
vote for each share of stock held in this
corporation of record on the books of this
corporation. in person or by written proxy
and a majority of the stock present re
presented shall be necessary to elect. Until
Monday of March 1919 the following stock
holders will serve as members of the board
of directors: James J. Legal. 251l Espla-
made Avenue, New Orleans; John G. Woods
t6 Common Street. New Orleans; J. Frank
Osborne, coo Common Street. New Orleans
with James J. Legal. President, ]. Frank
Osborne. Vice President and John G. Woods
Secretary and Treasurer They shall remain
in office until their successors are duly
elected and qualified.
Article VI-This Charter may be amanded
modified or altered and the capital stock in
creased, or this corporation may be dissolv-
ed upon the result of a special meeting
called for that purpose, convened by sending
out written notice to each stakeholder OF
record on the books of the said corporation
at his last known address. at least fifteen
days before the date of said meeting, and
two-thirds of the stockholders present or
represented shall determine whether the
call for the special meeting and its purpose
shall he in effect and carried The liquida.
ton Of this corporation shall take place as
fixed by law in section thirty (50 of Act
No. 267 of 1914.
Done and passed in my Office, at New
Orleans, the date, month and year first
above written, in presence of Messrs. Del
vaille, II. Theard and Oliver c. Blanchard
competent witnesses, who have signed with
the parties and me, notary, after due read
ing.
Original signed.
Jno. G. Woods, 3l2, COS Comment ST.. FIVE
thousand shares; Jas. J. Legal, 25ll Espla-
made We, FIVE thousand shares; J. F. Os.
borne, 3l2 6O6 Common ST., FIVE thousand
shares.
Witnesses: Delvaille H. Theard, o. c.
Blanchard
GUS. A. LLAMBIAS,
Recorded in Mortgage Office Book 1919,
folio 500, on March, Is, 1918.
GUS. A. LLAMBIAS,
Notary Public.
"a true copy.
81 ~