The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-28
CHARTER
February 9Th, y9lS.
ACT OLE INC0RPAR ATOM
OF PHOENIX DEVELOPMENT COMPANl
INCORPORATED.


ana, Parish Of Orleans, City Of New
Orleans.
BE It known, that this eighth day of
February, in the year of our Lord one thou
sand nine hundred and eighteen, before me,
Oscar Schneider, a notary public in and for
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 ap-
peared: The several persons whose names
are hereinafter subscribed, of the full age of
majority, who declared TO me that availing
| themselves OF the laws OF this State relative
TO the organization of corporations, particu-
larly Act No. 27 of 1914, page 81, 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 corporation, and body pol
ltlc IN law, for the objects and purposes and
under the stiPulations hereinafter set forth,
to-wTt:
Article The name and title of the cor
poration shall be Phoenix Development
Company, Incorporated" and under such
title 1t 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 use corporate seal, the sane
10 break and alter at pleasure; to mold, to
purchase, lease, sell, mortgage, hypothec9te,
or pledge, property, real, personal, or mixed,
necessary, incidental 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 it, together with
all buildings, constructions and Improvements
placed and erected said lands. or to be
placed or 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
NJ har H..
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 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 lll.-The objects and purpose for
which this corporation is organized and the
nature of the business to be carried on by
1t, 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 conve-
nlences 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 aforedescribed purposes
as may be found necessary or desirable, or
such as is 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-fve Thousand, One Hundred and
Thirty-four (S3S.l34O0) dollars, divided into
thirty-one hundred and ninetv-four q 1oD
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
Tor, or for property purchased or leased; no
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 infermality in the organ
ration have the effect of rendering this
charter null, or of exposing shareholder 70
any liability whatsoever; nor shall the stock
be subjected to assessment The CORPORA
ton may begin business and be going
concern as soon as seventeen thousand FIVE
hundred and sixty-seven (si7,s67.OO 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 eyer
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 men,
bers, majority of whom shall constitute
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
wear. 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,
this vote TO be cast in person, or by proxy, |
and it shall require a majority of stock |
present or represented. 10 elect. The failure !
20 elect the Board of Directors on the first |
Monday in May, or annually, thereafter, |
I'll
but the old Board of Directors shall remain |
until their successors are elected and quail |
fed
Article VI.-The Board of Directors shall |
hold regular meetings at stated intervals az
such times as 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
the Board of Directors at such times as he |
may deem advisable. and he shall be required |
to call such special meetings whenever re-
uuested to do so by a majority of the
the members of the Board of Directors. Three
days notice of such special meetings shall |
be given in writing to the directors unless
! waiver of notice is signed by the directors
Any vacancy occurring on the board, either
from death. resignation, or inability to serve,
shall be filed by the Board of Directors
The first Board of Directors of this corpora
ion shall be required to draft a suitable set
IF bylaws for the government of this cor
,oration. which may be altered. amended or
,hanged. as the exigencies of the same may
require.
Article VII-The officers of this CORPORA
ion shall consist Of President, First Vice
President. and any additional number of
as the board may see fit TO