The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
CHARTER
ana. Parish Of Orleans, Cry Of New
Orleans

Orleans.
Be it known, that on this eighth day OF
February, IN the ycar II our Lord one thou
sand nine hundred and eighteen, before me,
Oscar Schrc.5e-. q notary public IN and Tor
the Parish OF Orleans, State OF Louisiana,
duly commissioned and qualified, and in the
presence Of the witnesses hereinafter named
and uudc-sig ned, personally came and ap-
pcared: The several persons whose udmcS
/ are hereinafter subscribed, OF the fall age OF
majority, who declared to me that awaiting
themselves Of the laws Of this State relative
/ 70 the organization OF corporations, partCu-
/ larry Act No. 2o7 Of 1914, page 81, Of the
. Legislative acts OF this State, they have
cpvenan;ed and agreed, and by these pres
ents do covenant and agree Tor themselves
and their successors and assigns, 10 form
themselves into corporation, and body pol
ltic IN law, Tor the objects and purposes and
under the stpulatIons hereinafter set forth,
Article The nare and title of the COY
. pora;:on shall be Phoenix Development
/ Company, Incorporated and under such
. title 1t shall have and enjoy succession and
existence Tor I period Of ninety -nine years
from date hereof. 1t shall have :he power
and authority to contract, sue and be sued,
and make and use a corporate seal, the same
TO break and alter at pleasure; TO mold. TO
purchase lease, sell, mortgage, hypothecate,
or pledge, properly, real, personal, or mixed,
I necessary, incidental or proper Tor the car
l ryng on of its business, and, 10 that end,
10 further mortgage all oil or mineral leases,
grants or contracts held by it, together with
all buildings, constructions and Improvements
placed and erected on said lands, or 10 be
placed erected thereon. as well as TO
issue bonds secured by such mortgages, such
bonds to be issued in such amounts. at 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 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 other en-
ployees TO properly conduct its 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
said business.
Article 1.-THE domicie 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 Nice-President.
. Article llI-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 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
OtnGT minerals, 10 erect ana MAINTAIN thereon
drills, pumping stations, reservoirs, tanks,
. pipe lines, and other facilities and cOnve-
niences that may be necessary or required in
: and TO the business.
Second: To build, construct, lease, pur-
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 or by-products
as manufactured to the best advantage.
} Third: To carry such other business
pertaining to the aforedescrbed purposes
as may be found necessary or desirable, or
: such as is generally engaged in by corpo-
, ration of this kind.
, Article IV.-The capital stock of this
corporation is hereby fixed at the OF
Tmirty-hve Thousand, One Hundred and
| Thirty-four (S3S,IaOO) dollars, divided into
thirty-one hundred and ninety four 3,194D
; shares, of par value of eleven ($ll0O) 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
for, or for property purchased or leased; no
r stakeholder shall ever be held liable or
: responsible for the faults, contracts, or debts
OF this corporation in any further sum than
D 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 of exposing a shareholder 20
any liability whatsoever: nor shall the stock
be subjected to assessment. The corpora
? ton may begin business and be going
concern as soon seventeen thousand FIVE
, hundred and sxty-seven (Sl7,S67.OO) dollars
of the capital stock shall have been subscribed
! and paid for.
Article V.-All of the corporate powers of
1 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
4 meeting for that purpose up TO fifteen men,
bers, a majority of whom shall constitute
4 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 Nav of each
! year All elections for directors shall be by
4 ballot and each stakeholder shall be entitled
4 to vote for each share of stock standing
a in his name the books of the corporation
this vote to be cast in person, or by proxy
e and il shall require a majority of stocl
present or represented, 10 elect The failure
4 to elect the Board of Directors on the first
I Monday in May or annually, thereafter
:, shall not work the forfeiture of this charter
;, but the old Board of Directors shall remain
e until their successors are elected and quail
fed.
8 Article VI-The Board of Directors shall
Is hold regular meetings at stated intervals a
r, such times as shall be fixed in the bylaws o.
v the corporation. These meetings shall b,
h held at the domicile of the corporation, bu
the president may call special meetings o
5. the Board of Directors at such times as h,
}. may deem advisable, and he shall be required
5. to call such special meetings whenever re
II quested 10 do so by a majority of TN
e the members of the Board of Directors. THREE
e days notice OF such special meetings shall
y be given in writing to the directors unless
:. a waiver of notice is signed by the directors
Any vacancy occurring the board. eithe
from death. resignation, or inability 10 serve
shall be filled by the Board OF Directors
y The first Board of Directors Of this corpora
Y ton shall be required to draft a suitable sc
q of bylaws for the government of this cor
le poration, which may be altered. amended o
n changed, as the exigencies of the ma!
a require.
al Article VII.-The officers of this corpora
tion shall consist Of President, First Vice
President, ard any additional number o
Vice-Presidents as the board may ht q
= specify in the bylaws, and Secretary AM
Treasurer. all OF whom shall be stockholdeI
- and members Of the Board OF Directors. Unit
Z the Board of Directors TO be elected on tn