The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-07
February Sth, y9lS.
ACT OF INCORPORATION
OF PHOENIX DEVELOPMENT COMPANY
INCORPORATED.

| INCORPORATED.
| United States Of America, State of Lousi
ana, Parish of Orleans, City Of New
| Orleans.
| Be it known, that on this eighth day OF
| February, in the wear Of our Lord one thou
| sand nine hundred and eighteen, before me
| Oscar Schneider, notary public IN and toI
| the Parish OF Orleans, State OF LOUISIANA
! duly commits and qualified and in the
presence OF the witnesses hereinafter named
! and undersigned, personally came and ap
| peared: The several persons whose names
| are hereinafter subscribed, OF the full age OF
| majority, who declared to me that awaiting
! themselves OF the laws OF this State relative
to the organization OF corporations, particu
arly Act No. 367 OF 1914, page 52l, Of the
| Legislative acts OF this State, they have
| covenanted and agreed, and by these pres
ents do covenant and agree for themselves
and their successors and assigns, TO form
themselves into a corporation, and body pol.
| itic in law, for the objects and purposes and
under the stipulations hereinafter set forth,
| to-wyt:
Article The name and title of the cor
poration shall be Phoenix Development
| Company Incorporated" and under such
| title it shall have and enjoy succession and
existence for a period Of ninety-nine years
| from date hereof 1t shall have :he power
| and authority to contract, sue and be sued,
and make and a corporate seal, the same
to break and alter at pleasure; TO hold, 10
purchase, lease, sell, mortgage, hypothecdte,
or pledge, property, real, personal or mixed,
| necessary, incidental or proper for the car
rying on of its business. and, to that end,
TO further mortgage all oil or mineral leases,
grants or contracts held by 1t, together with
all buildings, constructions and improvements
placed and erected on said lands, or 10 be
placed or erected thereon, as well as 10
issue bonds secured by such mortgages, such
bonds to be issued IN such amounts. al such
rate of interest, and to run for such length
Of time, not exceeding the term of said
leases, as said leases or guarantees may
determine, to buy and to hold stock in any
other company companies that may assist
this Company in its objects and purposes
to make and issue notes and certificates of
indebtedness; to name, elect and appoint
managers, directors and clerks other en-
ployees to properly conduct it's corporate
business, and to make and establish such
bylaws, rules and regulations as may be
found necessary, or desirable, for the man
agement of the business and affairs of the
corporation, and generally to do all and
every other act, matter or thing, necessary for
the complete and proper carrying out of
said business.
Article 1.-THE domicile of the corporation
shall be in the City of New Orleans, Parish
Of Orleans, State of Louisiana, where all
citations and other legal process shall be
served upon the President, or, in his absence
upon the Vice-President.
Article 1I1-The objects and purpose for
which this corporation is organized, and the
nature of the business to 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 puchase lands or otherwise acquire lands|
believed to contain oil, gas, sulphur and
other minerals; to erect and maintain thereon
drills, pumping stations, reservoirs, tanks.
pipe lines, and other facilities and conye-
niences that may be necessary or required in
and to the business.
Second To build, construct lease, DUR
chase, or otherwise acquire buildings. ma
chinery and other apparatus for refining.
smelling, manufacturing, or otherwise work.
ing UP the products mineral lands, either
produced by this corporation, or other persons
or corporations, and to refine. smelt, manu-
facture: or otherwise work up the by-products
OF said minerals, and to operate the said
plant and market the products or by-products
as manufaetured to the best advantage.
lhird: 10 carry on such other businessl
as may be found necessary or desirable. orI
SUCH as rs generally engaged in by a corpo-
ration of this kind.
Article 1v.-The capital stock of this
! mirty-hve Thousand, One Hundred and
! hinty-four (s35,l34OO) dollars, divided intoi
thlrty-one hundred and ninety-four (3,Iol
snares, OF par value of eleven (Sll.OO) dollars
an, 70 De paid tor IN cash, or in equivalent
IN properly. No certificate of stock shall be
issued and delivered unless it is fully maid
Tor, or for property purchased or leased; no
s ssnoider shall ever be held liable orI
IeSponsioie for the faults, contracts, or debts
81 THIS corporation in any further sim tbanI
me unpaid balance due the corporation onl
me SHARES OF stock subscribed for by him:
nor snail any mere informality in the organ.I
lzatlon have the. effect of rendering this
charter null, of exposing a Shareholder tol
any liability whatsoever; nor shall the stock
pc subjected to assessment The CORPORA
non may begin business and be a going
concern as soon as seventeen thousand FIVE
hundred and sixty-seven (sl7 5000 doIIarsl
and paid for.
, Article Vail of the corporate powers of
his corporation shall be vested in and exer.
-tsed by Board or Directors to be composed
u three stocKnoiders, which number may be
increased by the stockholders at a general
meeting Tor that purpose up to fifteen mem
oers, majority of whom shall constitute
quorum Ior the transaction of business |
following named persons shall constitute the
Board OF Directors of this corporation. ,o-vit.
p, NJ. J. Epley, Albert NJ. Andrews and c. N,
Thereafter, the directors shall n. .,....,l
on the first Monday of Nav of each
year. All elections for directors shall he b,,I
ballot, and each stakeholder shall be entitled
o one vote for each share of stock stand;nol
u ~; ms name on the books of the corporation,
ms vote 10 be cast in person, or by oroxvI
lnd II shall require a majority of stoctI
present or represented. 10 elect. The fsilu-e
o elect the Board of Directors on the first
Monday IN in May, or annually, thereafter.
'ut the old Board of Directors shall remain
led anu quail
Article V1.-The Board of Directors SHALL
i ,, iesuiar meetings at stated intervals at
ne corporation. These meetings shall be
,eld at the domicile of the Corporation. but
ne president may call special meetings ofl
ne Board OF Directors at such times as he ,