The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
OF OLD LAKE PETROLEUM COMPANY
INC

United States of America, State of Louisi-
ana, Parish of Orleans, City OF New
| Orleans.
Be il known, that on this seventeenth day
| of December, in the year Of our Lord, one
thousand nine hundred and seventeen Q9lD,
and of the Independence of the United States
| of America, the one hundred and forty
| before me, Rolla A. Tichenor, a notary pub
| lie, duly commissioned and qualified, in and
! for the City of New Orleans, Parish OF Or
| leans, State of Louisiana, therein residing,
and in the presence of the witnesses here
matter named and Undersigned; personally
came and appeared:
The several persons whose names are here
unto subscribed, who declared,
That availing themselves OF the. provisions
| of the laws of this state relative TO the
organization of Trading Corporations" and
| more particularly of Act 267 OF the General
Assembly of the State of louisiana, for the
year 1914, they do by these presents cove
nant, agree and bind themselves, their asso-
cistes and successors, to form and organize
and constitute a corporation for the objects
and purposes and under the stipulations,
agreements and regulations following, to-wit:
corporation shall be Old Lake Petroleum
Company, Incorporated; and its domiciie
shall be in the City of New Orleans, Parish
Of Orleans, State of Louisiana; it shall ex-
period of ninety (99) years from the
date hereof, unless sooner dissolved; and 1t
shall have power TO sue and be sued in its
corporate name, use corporate seal, to re-
ceive, lease, purchase or otherwise acquire
property, both real, personal and mixed, and
to mortgage, pledge, hypothecate or other
wise cucumber or ALLEVIATE same; TO appoint
such officers and employees as its business
may require; to make bylaws, rules and
regulations as it may deem needful, proper
and necessary for the management of its at
fairs, and generally to have and enjoy all
the powers and privileges granted by law
to such corporations.
Article II.-Objects and Purposes. The
objects and purposes for which this corpo-
ration is created and the nature OF the bus
mess to be carried on by it are hereby
declared to be:
LIST. To buy and otherwise acquire, to hold
and own, manage, operate, improve, lease,
develop and sell land, mineral rights, oil
wells, and other real estate and interests
and rights in and to any Of said properties.
End. To engage in and carry on the bust
ness OF prospecting boring, drilling and ex-
ploring for oil, gas or other minerals; to
produce, refine, distill, treat, manufacture,
pipe, carry, handle, store, deal in, buy and
sell oils, petroleum, natural gas, asphaltum,
bitumen, bituminous rocks, and other min
eral and hydro-carbon substances, and the
by-products of such substances; and for such
purpose to buy and otherwise acquire, hold,
own, manage, and operate rehneries, pipe
lines, tanks, manufactures, machinery, tank
cars and other works, property and appli-
ances that may be incident or auxiliary to
said business, or that may be deemed neces-
sary or convenient in the carrying out of
the above objects and purposes.
Srd. Also to take and acquire by pur.
chase, exchange or other lawful modes, and
to hold, own, sell and otherwise dispose of
the capital stock, bonds and other securities
character of business as this corporation.
4th. Also TO establish agencies, offices,
storage tanks and houses, and to sell articles
and products manufactured by itself, or other
II
line of business as this corporation, in this
state and other states or territories or de-
Tendencies of the. United States of America
and in foreign countries.
5th. To charter. own, and operate ships
tugs, barges and other vessels for the trans
portation Of petroleum and its products. and
to lease or own and operate wharves, docks,
tanks. cars, and other equipment necessary
Tor the transportation of petroleum and its
by-products by land or water, and in con-
nection with the business aforesaid to erect
maintain and operate telegraph or telephone
lines, and generally, to have, hold and ex.
ercise all such incidental powers and privi-
leges as relate to the objects and purposes
above set forth.
Article III.-The capital stock of this cor.
poration shall be Two Hundred and Fifty
Thousand Cs2S0,0O0.0O) dollars, divided into
twenty-five hundred (2s0O) shares, of the par
value of one hundred $4,000 dollars, each;
and this company may commence business
and be going concern when all of its stock
has been subscribed for and paid for in !
full, in cash or its equivalent in property |
real, personal or mixed, the location, value
and description of which property to be given |
in payment for the subscriptions to the cap
ital stock of this corporation. otherwise than |
in cash, is hereby set forth, described and |
itemized in statement and appraisement |
and valuation hereto annexed and made part |
hereof. as required by Section of Act 267 |
of 1914.
Article IV.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by a Board of Directors, to be COM |
posed of not less than three (O, nor more |
than hve ~ stoskholders. who shall be
elected on the first Monday in the month |
OF January of each year, commencing on the
first Monday in the month Of January 1919 |
The present board of directors shall hold |
office until their successors shall be elected
and qualified
The following persons shall constitute the |
hrst Board Of Directors and officers of this
President. J. w. Brownell. Vice President
w. E. Rosser, Seeretary-T Treasurer.
Each member of the Board of Directors |
shall be entitled TO one vote.
Notice OF all meetings of the Board of |
Directors shall be given in such manner |
and in such time as may be fixed by the |
bylaws. Notice of all meetings of the |
mail. at least ten days previous to such /
meeting.
Article v.-The directors shall be elected
for term of one IN year, at the annual /
meeting. Of the stockholders. by a majority
Tote Of the stock present and represented
Article VI.-All citations and other legal
process shall be served UPON the president,
Z in his absence upon the secretary-treas-
Art;eIe Ma tr,nsfer of sfo~tr al 4.