The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-21
February 9Th, y9lS.
ACT OF INCORPORATION
OF PHOENIX DEVELoPMENT COMPANY

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 Schneider, 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. 267 of 1914, page S2l, 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
itic in law, for the objects and purposes and
under the stipulations hereinafter set forth,
to-wIt:
Article 1.-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-nne 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,
necessary, incidental proper for the car
ryfng of its business, and, to that end,
TO further mortgage all oil or mineral leases,
grants or contracts held by it, together with
placed and erected on said lands, or to be
placed or erected thereon, as we'll 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 leases "
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 or other en-
ployees to properly conduct it's corporate
business, and to make and establish such
bylaws, rules and regulations 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 III.-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 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-
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
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 is generally engaged in by 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 ($3S,l34.00) dollars, divided into
thhirty-One hundred and ninety.fouT g,I9D
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
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 going
concern as soon as seventeen thousand FIVE
hundred and sixty-seven (Sl7, 5000 dollars
Of the capital stock shall have been subscribed
and paid for.
Article Vail of the corporate powers of
this corporation shall be vested in and exer-
rised 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, a ma ority of whom shall constitute
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: |
M. 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
% one vote for each share of stock standing
m his name on the books of the corporation |