The herald., 1918-04-11
CHARTER

Board of Directors may determine and deem
At and proper; TO do any and things general
ly for the purposes and objects for which
this corporation is organized, enjoying all
the privileges and immunities granted by
law to corporations or that may hereafter
be granted to corporations.
Article 1.-THE domicile of this corpora
ton 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 for
which this corporation is organized and es-
tablished are here declared to be: To ac-
quire, by purchase, or tease, or otherwise,
lands in any part of this State or else
where for the purpose of prospecting for oil,
gas or other minerals, and for that purpose
to drill or cause to be sunk wells and
shafts; to acquire drilling rigs or other ma
chinery necessary to accomplish said pur-
poses; to engage in the distribution Of oil.
gas or other mineral by means of pipe lines,
baregs, boats, tramways, railroads, or other
conveyances, or to lease suitcase all or
any part thereof to any other persons or
corporations for the like purpose. and in
order 70 fully carry out said objects
otherwise acquire pipe lines, tram
ways, railroads, boats, barges, tank
cars, locomotives, steam plants, pumping
stations, air plants and all such other ma
ds may DC necessary OF
thereto; to build, construct, lease, purchase
or otherwise acquire buildings, machinery
and other apparatus for refining smelling,
manufacturing or otherwise working up the
products of mineral lands either produced by
this corporation or other persons or corpora
tions, and to refine, smeit, manufacture, or
otherwise work all by products of said min
erals, to operate the said plant and market
the products and by products as manufac-
tured, to the best advantage; TO carry on
all -. II
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 may
be necessary and generally done by per.
sons or corporations engaged in this work.
Article IV.-The capital stock of this Ger.
poration is hereby fixed at the sum of two
hundred and forty thousand dollars, (S24O,-
0OOO), represented by thirty thousand co.
O0) shares of the par value of eight dol
lars $500 per share; provided the capital
stock of this corporation may be increased
to five hundred thousand dollars (S50000O
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 by
him on the shares of stock subscribed for
by him, nor shall any informalty in the
organization of this corporation have the
effect of rendering any stakeholder liable o,
multiplying this Charter.
Article VAN the corporate powers Of
this corporation shall be vested in a Board
of Directors composed of three stockholders
elected annually on the second Monday in
March of each year. Immediately after be.
ing elected the stockholders so elected to be
members of the board of directors shall elect
from their number a president, a vice-presi-
dent, secretary and a treasurer, the last
two positions may be filled by the same
person at the pleasure of the board. if the
board deem it proper and fit to combine
these two Offices. The said board of direct
ors shall have the power to increase, in their
discretion, the number of members to form
the board of directors from three to nine,
and in any event three members of the
board will constitute a quorum for the
for board of directors shall be by ballot
and each stakeholder shall be entitled to one
vote for each share of stock held in this
corporation of record on the books of this
and majority of the stock present or re-
presented shall be necessary to elect. Until
the election TO take place on the second
Monday of March 1919, the following stock
holders will serve as members of the board
Of directors; James J. Legal. 2sl1 Espla-
made Avenue, New Orleans; John C. Woods.
sos Common Street, New Orleans; J. Frank
Osborne, 606 Common Street. New Orleans:
with James ]. Legal. President, J. Frank
Osborne, Vice President and John G. Woods,
'cSIctdy anu treasurer lncy snail remain
in Office until their successors are duly
elected and qualified
Article VI-This Charter may be amended,
modified or altered and the capital stock in
creased, or this corporation may be dissolv-
ed upon the result of a special meeting
called for that purpose, convened by sending
Dut written notice to each stakeholder of
record on the books Of the said corporation,
At his last known address, at least fifteen
lays before the date of said meeting, and
two-thirds of the stockholders present or
shall determine whether the
,all for the special meeting and its purpose
shall be in effect and carried The iiquida.
ton OF this corporation shall take place as
liked by law in section thirty (50) of Act
No. 267 of 1914.
, Done and passed in my Office. at New
Orleans, the date, month and year first
rbove written, in presence of Messrs. Del
vaille, II. Theard and Oliver c. Blanchard,
competent witnesses, who have signed with
he parties and me, notary, after due read
ing.
Original signed)
Jno. G. Woods, 3l2, sos Comment ST., FIVE
thousand shares; Jas. ]. Legeai, 2Sll Espla-
made We, FIVE thousand shares; J. F. Os-
borne, 3l2, sos Common St., FIVE thousand
shares.
Witnesses Delvaille H. Theard, o. C..
Blanchard.
GUS. A. LLAMBIAS,
Notary Public.
'olio 500, on March, -. 1918.
GUS. A. LLAMBIAS,
Notary Public.
Mch 2l-8 Apl 4-il-l8-2S