The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-20
CHARTER.

of and generally to handle and deal in
any and every form of petroleum. gasses
and other hydro carbons, minerals, Dltu
men, coal deposits and mines, Oil welis,
gas wells, and mining, oil anu gas iands,
rights and properties of every description
whatsoever, together with any ana all
by-products thereof, and any and every
material and thing in the manufacture
preparation or use of which any OF the
foregoing is used.
For it's own purposes, but not as
ublic service corporation, to acquire
own, lease, erect, construct, charter, Dulld,
occupy, enlarge, sink, improve, estaDllsh,
maintain and operate or otherwise pro-
mote and control factories, mills and re-
fineries, rigs, drilling machines and plants,
well castings, bitches, fumes, pipes, pipe
lines, tanks, tank lines, reservoirs, ware
houses, storage plants, pumping stations,
water works, electric plants, power plants,
railway and tramway lines, steamships
tankers, barges, lighters and other YES
wharves, docks, elevators, terminal prop
critics and facilities, harbors, ferries,
bridges. waterways and rights and canals,
and all other structures and improve
ments necessary or convenient for the
production, manufacture, storage, sale
and distribution of products, and of any
goods, wares and merchandise or com.
modities dealt in by the CorpoEation, and
and to hold own. improve, exploit. mort
gage, sell, exchange, convey or otherwise
dispose of the full property or other
rights, whether real, personal or mixed,
whatsoever and wheresOeyer located, nee
essary or convenient in connection with
it's business in the State of Louisiana or
in any other States, territories or Federal
districts of the United States of America
and in foreign countries.
To issue stocks, bonds and other OBJ
legations in payment for property pur-
chased or acquired by it for any other
| object in and about its business; to pur-
chase or otherwise acquire, TO guarantee,
endorse, become surety for, hold, sell,
assign, transfer, mortgage, pledge, hypo-
thecate or otherwise dispose of shares or
the capital stock, bonds and all other
evidences of indebtedness and securities
of any other corporation or corporations
or associations of this State or of
any other State, country, nation or
government, and to issue in exchange
| therefor it's stocks. bonds or other obli-
cations, and while the owner of such
| stock and (or) securities, to exercise all
| the rights. powers and privileges of own
| ership, including. the right to vote there
on as provided by law, and to aid in any
| lawful manner, and to subscribe, con-
| tribute to, subsdize or otherwise become
| interested in any corporation or corpora
| tions, projects, works, plants, properties
| structures and lori operations necessary,
| useful or convenient, in connection with
| its purposes, wheresoever located in any
and all parts of the world; and to aid in
any lawful manner any corporation or
| association of which any shares of stock,
| bonds other evidences of Indebtedness
or securities are held by this Corpora
| ton. and to do such further lawful acts
| or things as 1t may desire to protect,
preserve, improve or enhance the value
| of any of such shares of stock, bonds or
other evidence of indebtedness and Sc
| curities; and to purchase, hold, sell and
transfer and deal in generally shares of
its own capital stock in every lawful
| manner.
To sell, convey and otherwise lawfully
transfer and dispose of its entire prop
erty, both real personal and mixed, and
rights, privileges. concessions and fran
chises or any interest therein or any part
| sociationS or individuals whatsoever and
wheresoever existing and (or) residing.
1t is the intent that the foregoing enum-
Grafton of specific powers shall not be
held to limit or impair in any manner the
general powers of the Corporation and
the enjoyment thereof as conferred by
the laws of the State of Louisiana upon
corporations organized Hereunder. and
that each of the objects, purposes and
powers specified shall be regarded as in
dependent objects, purposes and powers
and be in no manner and to any extent
limited or restricted by reference to oil
inference from the terms of any Other
clause of this or any other paragraph con
tanned in these Articles of Incorporation
ARTICLE Iv.-The capital stock o.
this corporation is hereby fixed at thu
sum of Sixty Thousand ($6O,00OOO) Dol
lars, divided into sixty thousand 100000
shares Of the par value of One (S1.00l
! Dollar per share. The amount of stool
may be increased to Ten Million $4,000,
0O0.00J Dollars. Said stock shall be is
sued for cash, or the whole or any portion
of said stock may be issued in exchange
for property after being appraised b!
the Board of Directors; and the Board o.
Directors hereinafter created is specially
authorized to issue and dispose of tn,
stock of this corporation for any and al
purposes in such wise as its judgment
may dictate, and in accordance with thu
laws of the State of Louisiana.
ARTICLE VAN the powers of thi
corporation shall be vested in and ex
. directors. Said Board of Directors shall
| have the right at any time to increas
it's number not to exceed nine (9) direc
directors. Said Board of Directors shall
said Board resulting either from death
inability or resignation or other cause
or because Of the increase in the numbe
. of said Board, even though no quorum re
main at the time such vacancies are t
be filled; said Board Of Directors shall
be elected annually, by ballot, at a stock
holders meeting called for that purpOs
on the first Monday in November of eacl
year( or the next legal day If that be
holiday after due notice given to tn
stockholders by mail, at least fifteen Us
days before the date of said meeting
3 Each holder of stock shall be entitled t
: one vote delivered in person or by prox,
/ for each share of stock standing in hi
> name on the books of the company, an,
a majority of the votes cast shall elect
). Failure to elect directors on the da
: above specified shall not dissolve the cor
= poration, but the directors then in offic
e shall remain in office until their success
r sors are elected and qualifr TIL Boar
e of Directors shall elect from their mum
e Der a president, vice president and
= secretary and treasurer, provided that tn
e Board may dispense with any of sal
: officers and tori may combine any O
= them-and may elect such other officer
: (who need not be members of the Boar
. or stockholders) as they think proper o
b convenient for the carrying on of the com
@ pany's business, and they shall fix tn
q salaries of all officers, agents and EN-
s plOyees. At any meetings of the Boar
S of Directors any director absent from tn
meeting may be represented by any othe
. director who may cast the vote of tn
= absent director according to the write
/. instructions, either general or special, 9
said absent director. The Board of d
q rectors shall have authority to make an
= | establish, as well as alter and amend, a
. by laws, rules and regulations necessar
: and proper for the support and manag,
= ment of the business and affairs Of tn
= . corporation and not inconsi1 Sent wit
= this charter, and they shall have til
: money and the issuance of notes. and tn
executions Of mortgages and pledges, an
: generally to do all things necessary fc
Z, tha nf ba huc .