The herald., 1918-01-24
(SignedD EMILE J. LEONARD, by. R.
A true copy.
CHARLES ROSEN, Notary Public
Jan 3 10 II "a 81 Feb
Of OLD LAKE PETROLEUM COMPANY,


OF OLD LAKE PETROLEUM COMPANY,
! United States of America, State of Louisi-
| ana. Parish of Orleans, City of New
4 Orleans.
, Be it known, that on this seventeenth day
| OF December, in the year of our Lord, one
| thousand nine hundred and seventeen Q9l7),
and of the Independence of the United States
| of America, the one hundred and forty-first;
| 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 ayailing 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-
ciates 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:
Article The name and style of this
corporation shall be Old Lake Petroleum
Company, Incorporated; and its domicile
of Orleans, State Of Louisiana; it shall ex-
Ist and continue as a corporation for a
period OF ninety-nine (9o) years from the
date hereof, unless sooner dissolved; and it
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 II may deem needful, proper
and necessary for the management of its af-
and 20 haNvA a..I Ill
the powers and privileges granted by law
to such corporations.
Article 1I.-Objects and Purposes. The
objects and purposes for which this corpo-
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-
produce refine dstili tTe ne[ manufas;ur 70
pipe, carry, handle, store, deal in, buy and
sell oils, petroleum, natural gas, asphaltum,
bitumen, bituminous rocks, and other min
eraI 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-
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
OF other corporations engaged in the same
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
persons or corporations, engaged in the same
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.
Sth 10 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 teleohone
lines, and generally, to have hold and ex-
ercise all such incidental powers and priyi.
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 (S2S0O0.0O 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
fuli. 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 can
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 2o7
Article IV.-All the corporate powers of
this corporation shall be vested in and ex.
ercised by Board of Directors, to be COM
posed posse OF not less than three 90, nor more
elected on the first Monday in the month |
OF January OF each year, commencing on the |
hrst Monday in the month of January 1919. |
he present board of directors shall hold |
and qualified.
d, The following persons shall constitute thai
hrst Board of Directors and officers of this I
11 s;Iah', namely: L Edward Clark,
w r. Rosser. Secretary Treasurer
Each member of the Board of Directors |
shall be entitled to one vote
Notice OF all meetings of the Board of |
and in such time as may be fixed by the |
bylaws. Notice of all meetings Of the |
shall be given in writing. by |
mail. at least ten days previous to such |
Article V.-The directors shall be elected \
for term of one CD year. at the annual |
meeting of the stockholders, by majority |
vote Of the stock present and represented.
Article VI.-Al citations and other legal |
process shall be served upon the president, |
or in his absence upon the secretary.treas,
urer
Article VII-No transfer of stock shall he
admitted or held to be valid or binding. un- |
less made upon the books of the corporation. |
Article VI1I-This charter NAV be amend |
ed or the corporation dissolved BY vote
of twothirds Of the capital stock present
or represented at meeting called for the
purpose. and notice Of such meeting shall be
Eiven each stakeholder in writing at least
thirty days prior thereto.
Whenever this corporation is dissolved
either by limitation. or by vote of its
stockholders. its affairs shall be liquidated
by three commissioners who shall be elected
at meeting called for the purpose, as pro-
vided in this article.
Thus done and passed. at nv Office In
the City of New Orleans. on the day. month |
and year herein first above written in the |
caption hereof in the presence of Messrs. |
Hubert NJ. Ansley and William I. Poer.
witnesses who have signed these
presents, together with said appearers and
me. Notary. after due reading of the whole |
Signed: L Steward Clark New Orleans.
LA 249s shares; John w. Brovneil, Mem