The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
February Sth, y9lS.
ACT OF INCORPORATION
OF PUOENIX DEVELOPMENT COMPANY,
INCORPORATED.


! INCORPORATED.
United States of America, State of Louisi-
ana. Parish Of Orleans, City Of New
| Orleans.
| Be it known, that on this eighth day OF
| February, in the year Of our Lord one thou-
sand nine hundred and eighteen, before me,
| Oscar Schreiber, a notary public IN ana ioE
the Parish of Orleans, State OF louisiana
| duly commissioned and qualified, and IN the
| presence OF the witnesses hereinafter named
| and undersigned, personally came and APP
| nra-ed. The several persons whose names
are hereinafter subscribed, Of the full age OF
| majority who declared TO me that aValAnS
! themselves of the laws OF this State relative
| to the organization of corporations, partiCu-
larly Act No. 2o7 OF 1914, page 81, oil tne
| legislative acts of this State, they have
! coyeuanted and agreed, and by these pres
| ents do covenant and agree tor themselves
| and their successors and assigns, 10 'oItii
/ themselves into a corporation, ana Oouy POI,
| itic in law. for the objects and purposes anu
| under the stipulatiOns hereinafter set forth'
! Article The name and title of the cor
! poration shall be Phoenix Development
| Connany Incorporated" and under such
| title ii shall have and enjoy succession and
| existence for 4 period of ninety-nlne years
| from date hereof. Ii shall have me power
| and authority to contract, sue and De sueu,
| and make and use a corporate seal, the same
| 70 break and alter at pleasure; to mold. 10
| purchase, lease, sell, mortgage, hypothecdle'
| or pledge, property, real, personal, or Mixed
| necessary, incidental or proper Tor the car
| rying on of its business, and, to that end,
| 70 further mortgage all oil or mineral leases,
| grants or contracts held by II, together with
| all buildings, constructions and improvements
| placed and erected on said lands, or 10 De
| placed or erected thereon, as well as 10
| issue bonds secured by such mortgages, sucn
| aonds to be issued in such amounts at such
| rate of interest, and 10 run for such length
Of time, not exceeding the term OF SAID
leases as said leases or guarantees may
| determine 10 buy and to hold stock IN any
| other company or 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 or otner 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, tor 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
4 said business.
Article 1.-THE domicile of the corporation
shall be in the City of New Orleans, Parish
| citations and other legal process shall be
| served upon the President, or, in his absence,
upon the Vice-President.
| Article III.-The objects and purpose for
L winch tnlS corporation Is OIBdHlLcu, anu tHc
| 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 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 conve-
| nences that may be necessary or required in
\ and to the business.
| Second: To build, construct, lease, our
| chase, or otherwise acquire buildings, ma
chinery and other apparatus for refining,
| smelling, manufacturing, or otherwise work
ing UP the products or 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 by-products
as manufactured to the best advantage.
Third: To carry on such other business
pertaining to the aforedescribed purposes
as may be found necessary or desirable, or
such as rs generally engaged in by a corpo-
| ration of this kind
Article IV.-The capital stock of this
corporation IS hereby fixed at the sum of
Tmirty,ive Thousand One Hundred and
Thirty-four (S35,l34OO dollars, divided into
thirty-one hundred and ninety-four 0,l9D
shares, of par value of eleven (Sll.OO) dollars
each, to be paid for in cash, or in equivalent
IN property. No certificate of stock shall be
issued and delivered unless it is fully paid
|
stakeholder shall ever be held liable or
responsible for the faults, contracts, or debts
OF this corporation in any further sum than
the unpaid balance due the corporation on
the shares OF stock subscribed for by him !
nor shall any mere informality in the organ
ization have the effect of rendering this
charter null, or of exposing a shareholder to
any liability, whatsoever; nor shall the stock
be subjected to assessment. The corpora
ton may begin business and be a going
concern as soon seventeen thousand five
hundred and sixty-seven l7,567.00) dollars
of the capital stock shall have been subscribed
and paid for.
Article V.-All of the corporate powers of
| this corporation shall be vested in and exer-
cIsed by Board Of Directors to be composed
OF three stockholders, which number may be
| increased by the stockholders at a general
meeting for that purpose up to fifteen mem
bers, majority of whom shall constitute
a quorum for the transaction of business
Until the first Monday in May, 1918, the
following named persons shall constitute the
| Board Of Directors of this corporation. to-wit:
NJ. J. Epley, Albert NJ Andrews and c. n
Wisner.
Thereafter, the directors shall be elected
| annually on the first Monday of May of each
year. All elections for directors shall be by
ballot, and each stakeholder shall be entitled
| to one vote for each share of stock standing
| in his name on the books of the corporation,
| tins vote to be cast in person, or by proxy,
pna IT o sh1 ssqnisd majority of stock
70 elect the Board of Directors on the first
Monday in May, or annually, thereafter
shall not work the forfeiture of this charter
but the old Board of Directors shall remain
fed.
Article VI.-The Board of Directors shall
hold regular meetings at stated intervals az
such times shall be fixed in the bylaws Of
| the corporation. These meetings shall be
held at the domicile of the corporation, but
the president may call special meetings of