The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-21
February S:h. yFlS.
ACT OF INCORPORATION
nF PUOENIX DEVELOPMENT COMPAN4'
INCORPORATED.

nr PHOENIX DEVELOPMENT COMPANY
INCORPORATED.
United States OF America, State OF LOUIS.
ana, Parish ot Orleans Tx! %
Orleans.
Re F., known. tina, on this eighth day OIL
| February, IN the year oi our L'41 ~ -
! ,and nine hundred and eighteen Oe'C.e1 ~
! O.ra- S,h-elJe-, a notary pubic n anu ~
| he Parish o; Orleans, STATE o. L9a.s 'A.,a'
dulv commissioned and quaIined' ana "a s.f
! presence Of the witnesses heEe!A4''e' -
and undersigned personally -. - names
reared: The several persons "A3s S ia :;
! fr@ hereinafter subscribed, OF the iu!I age OF
! majority. who declared 70 me tAat 4v4.I1nS
! themselves Of the laws OF tAis S'4te Le..:-'
| ~ ne organization Of corporations, par
is-rv Act No. b7 Of 1914, page 81, OF tAe
| I sgIslariye acts Of this State, iney nave
! -r,.-s--ed and agreed, and by these pres
| EMS do covenant and agree 10Y 'HeHset'C
and their successors anu I'd b5dv pol,
! themselves into cocporation' anu 10y -
80 in law. fo- the objects and purposes and
| .,5e- the s;ipulatIons hereinafter set loT'A'
A-,ic,e I-Tae name and title OF the cor.
| -, Shall be Phoenix Development
| SE,-,osnv. Incorporated and under suci3
| title i. shall have and ENJOY succession. 80
| existence for ! period OF nine'y-hihe - 80
| go, date hereof. II shall have me po"y3
| and authority to contract, sue ana Ie saeu .'
| I'D make and use a coTpoTate seal, inc san
| - h-eak and alter at pleasure; 70 n2Id' 70
Il n,,-chase lease. sell, mortgage, hypo'HeS@'s'
i or pledge properly, real, personal or thiNeu
/ necessary, incidental or proper Tor 'ne Se
Il wing on OF its business, and, 10 tnat emu
i 10 further mortgage all oil or nlher44 Ie1s
i giants or contracts held by II, together WIN
i all buildings, Constructions and inpfo'e.Hs','
i oiaced and erected on said lands, or 10 oe
II nlaced or erected thereon, as well as 70
issue bonds secured by such mortgages, sun
aonds 10 be issued in such amounts a; sueL
~ time. not exceeding the term OF saio
} leases as said leases or guarantees may
de,a-nine 10 buy and 10 hold stock IN any
! other company companies that may a ssIs.
This Company in its objects and purposes
= TO make and issue notes and cenihcates Q.
1 ;ndrlredness; to name, elect and appoint
D managers, directors and clerks or other EN-,
E ployees TO properly conduct ios eoIpoI ate
| b,siuess and TO make and establish sueh
E bylaws, rules and regulations as may be
1 sound necessary, or desirable, for the man
agement OF the business and affairs OF the
' corporation, and generally to do all ano
III every other act, matter thing, necessary fol
4 the complete and proper carrying out OF
\ said business.
Il Article 1.-THE domicile of the corporation
4 shall be in the City OF New Orleans, farisn
4 Of Orleans, State of Louisiana, where al
: citations and other legal process shall be
served upon the President, or, in his absence
upon the Vice-President.
II Article III-The objects and purpose fol
: which TINS corporation Is OrsdniZcu anu INK
nature of the business TO be carried on by
q l.. and stated are declared 10 be as follows
II First: To prospect, bore and drill for, and
produce OIL gas, sulphur and other minerals
; 10 puchase lands otherwise acquire land:
. believed TO contain oil, gas, sulphur and
!, other minerals; 10 erect and maintain thereon
, drills, pumping stations. reservoirs, tanks
. pipe lines and other facilities and conve
, nences that may be necessary or required II
= and 70 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, eithe
produced by this corporation, or other persOn'
. or corporations, and 10 refine, smelt. manu-
facture, or otherwise work up the by-produot
: OF said minerals, and 10 operate the sale
= plant and market the products or by-product
I as manufactured 10 the best advantage.
: Third: To carry on such other business
y pertaining to the aforedescribed purposes
; as may be found necessary or desirable, o.
q such as Is generally engaged in by a corpo
: ration of this kind.
e Article IV.-The capital stock Of thi
y corporation is hereby, fixed at the sum o.
n Tmir,y-fve Thousand, One Hundred ant
5 Thirty-four CS55.laOOJ dollars, divided int,
!, thirty-one hundred and ninety-four 9,l94
y shares, of par value OF eleven tSll.OO dollar
e each. TO be paid for in cash. or in equivalen
i IN property. No certificate OF stock shall b,
5 issued and delivered unless it is fully pal,
= for, or for property purchased leased; n
= stakeholder shall ever be held liable o
u responsible for the faults, contracts, debt
4 Of this corporation in any further sum thai
J. the unpaid balance due the corporation OF
the shares OF stock subscribed for by him
= nor shall any mere informality in the organ
q iZation have the effect of rendering thi
- charter null, or Of exposing a shareholder {
any liability whatsoever; nor shall the stOcI
,, be subjected to assessment. The corpora
- uon may begin business and be 4 goin,
~ concern as soon as seventeen thousand nv
rr-h- md w.t. N dill
- OF the capital stock shall have been subscribe
e and paid for
RI Article V.-All Of the corporate powers q
~ this corporation shall be vested in and exc
{ cised by Board Of Directors TO be compose
OF three stockholders, which number may
rdl increased by the stockholders at a gener;
ed meeting for that purpose up TO fifteen men
edl bers, a majority OF whom shall constitut
ayl a quorum for the transaction of bushes
on Cnul the FIRST Monday in May, 1918, II
k following named persons shall constitute Il
nd Board Of Directors of this corporation, to-wi
rs NJ. J. Epley, Albert NJ. Andrews and c.
Wisner.
,o.l Thereafter, the directors SHALL be elect,
nd annually on the first Monday OF May of eaC
DI year. All elections for directors shall be
81 ballot and each stockhoider shall be entitlt
nd TO vote for each share of stock standir
ST. in his name on the books of the corporatio
er, this vote TO be cast in person, or by prox
all and II shall require a majority Of stoc
ge present or represented, 20 elect The fziiu
~, 20 elect the Board Of Directors on the hr
cir Monday in May, or annually, thereafte
Try shall not work the forfeiture Of this charte
SUI but the old Beard Of Directors shall rema
20 until their successors are elected and qua
IN fed
lis Article V1.-The Board Of Directors sha
N hold regular meetings at stated intervals
en-t such times as shall be fixed in the bylaws
en- the corporation. These meetings shall
on- held at the domicile of the corporation b
nu- the president may call special meetings
aid the Board Of Directors al such times as