The herald., 1918-04-04
CHARTER

Board of Directors may determine and deem
ht 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 70 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 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 10 lease or suitcase all OF
any part thereof to any other persons or
corporations for the like purpose, and in
order 20 fully carry out said objects
and purposes, TO purchase, lease or
otherwise acqhire pipe lines. tram tram
cars, locomotives, steam plants, pumping
stations, air plants and all such other ma
chirery 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 to refine, smelt, 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 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 or corporations engaged in this work.
Article lN.-The capital stock of this cor
poration is hereby fixed at the sum of two
hundred and forty thousand dollars, (S2+O,-
10000, represented by thirty thousand &C.,
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 (s50OOOOO).
This stock shall be payable in cash, prop
erty real or personal, or for services per-
formed or rendered, and 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
Hul4llNlHB TINS NHdIlcT
Article V.-All 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, a 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 quorum for the
transaction Of any business. All elections
for board Of directors shall be by ballot,
and each stakeholder shall be entitled to
vote for each share of stock held in this
corporation of record 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 J. Legal, 25ll Espla-
made Avenue, New Orleans; John G. Woods,
Cos Common Street. New Orleans; ]. Frank
Osborne, 606 Common Street. New Orleans;
with James J. Legal. President, ]. Frank
Osborne. Vice President and John G; Woods.
in Office until their successors are duly
elected and qualified.
Article VI-This Charter may be amanded,
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
out written notice to each stakeholder of
record on the books of the said corporation
at his last known address, at least fifteen
days before the date of said meeting. and
two-thirds of the stockholders present or
represented shall determine whether the
call for the special meeting and its purpose
shall be in effect and carried. The liquida-
ton of this corporation shall take place as
fixed by law in section thirty 800 of Act
No. 267 of 1914.
Done and passed in my Office, at New
Orleans, the date, month and year first
above written, in presence of Messrs. Del
vaille, II. Theard and Oliver c. Blanchard,
competent witnesses, who have signed with
the parties and me, notary, after due read
ing
Original signed.
Jno. G. Woods, 3l2, COS Comment ST., five
thousand shares; Jas. J. Legesi, 2Sll Espla-
made We, FIVE thousand shares; J. F. o.
borne, 3l2, Cos Common ST., FIVE thousand
shares.
Witnesses: Delvaille II. Theard, o. C.
Blanchard.
GUS. A. LLAMBIAS,
Notary Public.
Recorded in Mortgage Office Book 1919,
folio 500, on March, Is, 1918
GUS. A. LLAMBIAS,
Notary Public.