The herald., 1918-01-17
OF OLD LAKE PETROLEUM COMPANY.
INC

OF OLD LAKE PETROLEUM COMPANY,
INC.
United States of America, State of Louisi-
ana, Parish of Orleans, City OF New
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-hrst;
before me, kolla A. Tichenor, a notary pub
lie, duly commissioned and qualIhed, 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 availng 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 1.-The name and style OF this
corporation shall be Old Lake Petroleum
Company, Incorporated; and its domcile
shall be in the City of New Orleans, Parish
of Orleans, State of louisiana; it shall ex-
ist and continue as corporation for
period of ninety nine 1917 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 ALLEVIATE same; to appoint
such officers and employees as its business
may require; to make bylaws, rules and
regulations as 1t may deem needtul, proper
and necessary for the management of its af-
nv aud ly m hau nd 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 il are hereby
declared to be:
lst. 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, 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
! ances that may be incident or auxiliary to
| said business, that may be deemed neces-
| sary or convenient in the carrying out of
| the above objects and purposes.
3rd. Also TO take and acquire by pur-
chase, exchange or other lawful modes, and
1 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.
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.
poration shall be Two Hundred and Fifty
Thousand (s250,OOOO) dollars, divided into
twenty-five hundred (250O) shares, of the par
value of one hundred $4,000 dollars, each
! 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 a 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 ~, nor more
than FIVE (s) stockholders, 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 follo~ing persons shall constitute the
first Beard of Directors and officers of this
corporation, namely: L. Edward Clark.
w E. 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
stockholders 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 ~ year, at the annual
meeting of the stockholders, by majority
vote of the stock present and represented
Article VI.-All 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 be
admitted or held to be valid or binding un.
less made uoon the books Of the corporation.
Article VIII.-This charter may be amend
ed or the corporation dissolved by a vote
| of twothirds Of the capital stock present
or represented at a meeting called for the
purpose, and notice of such meeting shall be
| given 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 my 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 l. Poer.
| competent 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, 2f9e shares; John w. Brovneil, Mem