The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-10
OF OLD LAKE PETROLEUM COMPANY.


> A'' - ~ - - - -
OF OLD LAKE PETROLEUM COMPANY.
INC.
United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Orleans.
of December, in the year of our Lord, one
thousand nine hundred and seventeen ODD,
and of the Independence OF the United States
OF America, the one hundred and forty-hrSt;
before me, Rolla A. Tichenor, notary pub
lie, duly commissioned and qualified in and
for the City of New Orleans, Parish of Or
leans, State of Louisiana, therein residing,
and in the presence Of the witnesses here
matter named and undersigned; personally
came and appeared:
The several persons whose names are here
unto subscribed, who declared,
That availing themselves OF the provisions
of the laws of this state relative to the
organization of Trading Corporations" and
more particularly of Act 267 of the General
Assembly of the State OF Louisiana, for the
year 1914, they do by these presents cove
nant, agree and bind themselves, their asso-
ciateS and successors, to form and organize
and constitute a corporation for the objects
and purposes and under the stipulations,
agreements and regulations following, to-wit:
Article 1.-The name and style Of this
corporation shall be Old Lake Petroleum
Company, Incorporated; and its domicile
shall be in the City of New Orleans, Parish
ist and continue as a corporation for a
period OF ninety-nine 1917 years from the
date hereof, unless sooner dissolved; and 1t
shall have power to sue and be sued in its
corporate name, use a corporate seal, TO re-
ceive, lease, purchase or otherwise acquire
property, both real, personal and mixed, and
to mortgage, pledge, hypothecate or other
wise cucumber or ALLEVIATE same; to appoint
such officers and employees as its business
may require; to make bylaws, rules and
regulations as ii may deem needful, proper
and necessary for the management of its af-
fairs, and generally to have and enjoy all
the powers and privileges granted by law
to such corporations.
Article Ii-Objects and Purposes. The
objects and purposes for which this corpo-
ration is created and the nature OF the bus
mess to be carried on by it are hereby
declared to be:
LIST. To buy and otherwise acquire, to hold
and own, manage, operate, improve, lease,
develop and sell land, mineral rights, oil
wells, and other real estate and interests
and rights in and to any of said properties.
End. To engage in and carry the BUSH
ness of prospecting, boring, drilling and ex-
produce, refine, distill, treat, manufacture,
pipe, carry, handle, store, deal in, buy and
sell oils, petroleum, natural gas, asphaltum,
bitumen, bituminous rocks, and other min
eral and hydro-carbon substances, and the
by-products of such substances; and for such
purpose to buy and otherwise acquire, hold,
own, manage, and operate refneries, pipe
lines, tanks, manufactures, machinery, tank
cars and ether works, property and appli-
ances that may be incident or auxiliary to
said business, or that may be deemed neces-
sary or convenient in the carrying out of
the above objects and purposes.
3rd. Also to take and acquire by pur-
chase. exchange or other lawful nodes and
to hold, own, sell and otherwise dispose of
the capital stock, bonds and other securities
of other corporations engaged in the same
character of business as this corporation.
4th. Also to establish agencies, offices,
storage tanks and houses, and to sell articles
and products manufactured by itself, or other
persons or corporations, engaged in the same
line of business as this corporation, in this
state and other states or territories or de-
Tendencies of the United States of America
and in foreign countries.
5th. To charter, own, and operate ships,
tugs, barges and other vessels for the trans
portation of petroleum and its products. and
TO lease or own and operate wharves, docks
tanks, cars, and other equipment necessary
for the transportation of petroleum and its
by-products by land or water, and in con-
nection with the business aforesaid to erect
maintain and operate telegraph or telephone
lines, and generally, TO have, hold and ex.
ercise all such incidental powers and privi.
leges as relate to the objects and purposes
above set forth
Article 1II.-The capital stock of this cor.
poration shall be Two Hundred and Fifty
Thousand (s250,0Oo.0O) dollars, divided into
twenty-five hundred (250O) shares, of the par
value of one hundred $4,000 dollars, each
and this company may commence business
and be going concern when all of its stock
has been subscribed for and paid for in
FULL, in cash or its equivalent in property
real, personal or mixed, the location, value
and description of which property to be given
in payment for the subscriptions to the cap
ital stock of this corporation, otherwise than
III cash. is hereby set FORTH described and
itemized in statement and appraisement
and valuation hereto annexed and made part
Of 1914
Article Iv.-All the corporate powers Of
this corporation shall be vested in and ex-
ercised by a Board of Directors, to be COM
posed of not less than three 81, nor more
than five (0 stockholders. who shall be
elected on the first Monday in the month
of January Of each year, commencing on the
first Monday in the month of January 1919.
The present board of directors shall hold
office until their successors shall be elected
and qualified
The following persons shall constitute the
first Board Of Directors and officers of this
corporation, namely: L. Edward Clark.
President ]. W.. Brownell. Vice President
W. f. Rosser, Secretary-Treasurer.
Each member of the Board of Directors
shall be entitled 70 one vote.
Notice of all meetings of the Board of
Directors shall be given in such manner
and IN such time as may be fixed by the
bylaws. Notice of all meetings OF the
stockholders shall be given in writing, by
mail. at least ten days previous to. such
meeting.
Article v.-The directors shall be elected
for a term of one IN year. at the annual
meeting of the stockholders. by a majority
vote of the stock present and represented.
Article VI.-All citations and other legal
process shall be served upon the president
or in his absence upon the secretary-treas.
urer.
Article Vino transfer of stock shall BE-
admitted or held to be valid or binding. uu
less made upon the books of the corporation
Article VIII-This charter may be amend
ed or the corporation dissolved by vote
of twothirds of the capital stock presen
or represented al meeting called for thu
purpose, and notice of such meeting shall b
given each stakeholder in writing at leas
thirty days prior thereto.
Whenever this corporation is dissolved
either by limitation, or by a vote of il
stockholders. its affairs shall be liquidatet
by three commissioners who shall be electet
at meeting called for the purpose, as pro
vided in this article.
Thus done and passed. at my Office il
the City of New Orleans. on the day, montl
and year herein first above written in tn
caption hereof. in the presence of Messrs
Hubert NJ. Ansley and William L. Poer
competent witnesses who have signed thes
presents. together with said appearers ant
me, Notary. after due reading of the whole
Signed: L. Steward Clark. New Orleans
La, 249s shares; John w. Brownell, Mem