The herald., 1918-03-28


Orleans.
Be it known. that on this twelfth day of
the month OF March, IN the year OF Our
Lord one thousand nine hundred and eigh.
teen. and Of the Independence Of the United
States OF America, the one hunred and
forty-second;
Before me, Gustave A. Llambais. a Notary
Public, duly commissioned sworn and qua
lifted in and for the Parish OF Orleans, and
in the presence of the witnesses, herein
aften named and undersignedt personally
came and appeared:
The several persons. whose names are
hercunto subscribed, who declared that
availing themselves of the provisions OF the
law relative TO Corporations and particular
ly to Act No 267 OF the General Assembly, Of
the State of Louisiana, for the year 1916,
have covenanted and agreed and do by these
presents covenant and agree to form them
selves into a body polite in law, binding
themselves and all other persons who may
become associated with them, under the
stipulations and articles following, when
they adopt as their Charter, to-wit
Article 1.-The name and style OF this
corporation shall be, louisiana Orange
Orchard and Oil Development Company,
Inc" and under its title II shall enjoy
succession and existence for a period OF
ninety-nine years from date. 1t shall have
power to sue and be sued, make and use a
corporate seal, and the same to amend and
freak at pleasure; TO hold, sell, lease, NOR
gage, nypOtneCdte, plcuStr pi'pClbS iN1i'
personal or mixed, necessary, incidental and
proper to the carrying on OF ITS business,
and to that end, mortgage all OIL or nineraI
leases, grants or contracts held by II 10,
gether with all buildings, constructions and
improvements placed or erected thereon, as
well as issue notes, bonds and other securi-
ties, on such terms and conditions as the
Board of Directors may determine and deem
fit and proper; 10 do any and things general
~ for the purposes and Directs ior whlCI,
= ap;zp1 all
the privileges and immunities granted by
law to corporations OF 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 &C
auire, by purchase, or tease, or otherwise,
lands in any part of this State or else
where for the purpose of prospecting Tor OIL
gas or other minerals, and for that purpose
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 or suitcase all or
any part thereof to any other persons or
corporations for thee like purpose. and IN
order 20 fully carry out said objects
and purposes, to purchase, lease or
otherwise acquire pipe lines, tram
WAYS, railroads, boats, barges, tank
cars, locomotives, steam plants, pumping
stations, air plants and all such other ma.
chinery as may be necessary or incidental
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 10 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 manutac-
tured, to the best advantage; TO carry on
all such business appertaining to oil, gas,
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 corporations engaged in this work
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of two
hundred and forty thousand dollars, (s24O,'
10000, represented by thirty thousand 60
0O0) 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 CS500,0O.0O).
This stock shall be payable in cash, prop
erty real or personal, or for services per.
formed or rendered, and no stakeholder shall
be held liable 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 informality in the
organization of this corporation have the
effect of rendering any stakeholder liable or
multiplying this Charter.
Article Vail the corporate powers OF
this corporation shall be vested in Board
of Directors composed of three stockholders
al 81 annually IN the second MOnday
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-
two positions may be filled by the same
person at the pleasure of the board, If the
board deem il 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
toard will constitute quorum for the
transaction of any business. All elections
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
corporation. in person or by written proxy,
and a 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 ]. Legal, 25ll Espla-
made Avenue, New Orleans; John c. Woods
900 Common Street, New Orleans; J. Frank
Osborne, sos Common Street New Orleans
with James ]. Legeai, President, J. Frank
Osborne. Vice president and John c. Woods
Secretary and Treasurer. They shall 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 sendins
out written notice to each stakeholder o.
record on the books of the said corporation
at his last known address, at least ffteer
days before the date of said meeting, anC
two-thirds of the stockholders present Of
| represented shall determine whether III,
call for the special meeting and its purpos,
shall be in effect and carried The 1iquida
ton of this corporation shall take place a.
fixed by law in section thirty 600 of Ac
No. 267 of 1914.
Done and passed in my Office, at New
Orleans, the date, month and year frs
above written, in presence of Messrs. Del
competent witnesses, who have signed witt
the parties and me, notary, after due read
ing.
Original signed.
Jno G. Woods. 3l2, COS Comment ST.. fv,
thousand shares; Jas. ]. Legezi, 25ll Espla
made We. FIVE thousand shares; J. F. Os
borne. 312, sos Common ST., FIVE thousand
shares.
Witnesses: Delvaille H. Theard. o. C
Blanchard
GUS. A. LLAMBIAS.
Notary Public
Recorded in Mortgage Office Book 1919