The herald., 1918-04-25

hey adopt as their Charter, to-wit
Article 1.-The name and style OF Thu
operation shall be, Louisiana Orang'
-chard and Oil Development Company
.c,." and under its title it shall enjoy
recession and existence for period O.
.inetv-nine years from date. Il shall havt
over 20 sue and be sued, make and use
lrporate seal, and the same TO amend au'
,-eak at pleasure; TO hold. sell, lease, mort
.age, hypothecate, pledge. property real
personal or mixed, necessary, incidental and
proper to the carrying on OF ITS business,
and TO that end mortgage all oil or T!neral
leases grants or contracts held by Il 10,
grther with all buildings, constructions and
improvements placed or erected thereon, as
well as issue notes, bonds and other scCuri-
ties on such terms and conditions as the
Board OF Directors may determine and deem
fit and proper; TO do any and things general
" Tor the purposes and objects Tor whlca
this corporation is organized, enjoying an
the privileges and immunities granted by
law to corporations or that may hereafter
be granted to corporations.
Article 1.-THE domcile OF this corpora
ion 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 Tor
which this corporation is organized and es-
tablished are here declared to be: 10 &C
duire by purchase, or tease, or otherwise
lands in any part OF this State or else
where for the purpose Of prospecting Tor OIL
gas or other minerals, and for that purpose
10 drill or cause to be sunk wells and
shafts; to acquire drilling rigs or other ma
chinerv necessary to accomplish SAID pur-
poses: to engage in the distribution OF oil,
gas or other mineral by means OF pipe lines
ba-eCs. boats, tramways, railroads, or other
couyevances. or to lease or suitcase all OF
any part thereof TO any other persons OF
corporations for the like purpose, and N
order 70 fully carry out said OBJECT.
and purposes, to purchase, lease OF
WAYS, railroads, boats, barges, TAM
cars. locomotives. steam plants, pumpins
stations, air plants and all such other ma
chirery as may be necessary or incidenta
thereto: to build, construct, lease, purchas'
or otherwise acquire buildings, machinery
and other apparatus for refining smelling
manufacturing or otherwise working up IN
products of mineral lands either produced by
| this corporation other persons or corpora
| tions, and to refine, smeit, manufacture, o
otherwise work all by products OF said min
erals, to operate the said plant and marke
| the products and by products as manutac
| tured TO the best advantage; TO carry OF
| all such business appertalning to Oil, gas
! or 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 MAJ
| be necessary and generally done by per
| sons or corporations engaged in this work
Article IV.-The capital stock of this cor
! poration is hereby fixed at the sum OF tw
| hundred and forty thousand dollars, CS24O,
10000. represented by thirty thousand go.
OOO shares of the par value of eight dol
lars $500 per share; provided the capita
stock Of this corporation may be Increased
| TO FIVE hundred thousand dollars (S5O0,OO)
This stock shall be payable in cash, prop
erty real or personal, or for services ~.
formed or rendered. and no stakeholder shall
be held liable or responsible in any fur
Their sum. than the unpaid balance due b,
him on the shares of stock subscribed 70
by him. nor shall any informality in tn
organization of this corporation have tn
effect of rendering any stakeholder liable o
multiplying this Charter.
Article V-All the corporate powers o
! this corporation shall be vested in Boar
Of Directors composed of three stakeholder
elected annually on the second Monday i
March of each year Immediately after be