The herald., 1919-07-17


Recorded in NJ O. B. 1928, Folio 6l2
July 3-Aug 7.
CHARTER OF M. L. OIL AssoCIA-
TON, INCORPORATED.
| United States of America, State of Louis
! lana, Parish of Orleans City of New Or
| leans. BE II knawn that on this fourth day
of the month of June. in the year OF our
| Lord one thousand. nine hundred and nine.
| teen. and OF the dependence OF the United
States of America the, one one hundred and
| forty third; before me, William Ardill No
tary Public, duly commissioned and quail
! fled and and for the City OF New Orleans,
! Parish of Orleans, therein residing and In
| the presence Of the witnesses hereinafter
named and undersigned, personally came and
appeared the several parties whose names
are hereto subscribed, all OF the full age OF
majority and resident OF this City, who sew
orally declared that availing themselves OF
the laws of the State of Louisiana, and
especially of Act 267 OF 1914, IL such cases
made and provided, they have formed and
and organize themselves into a corporation
for the objects and purposes and under the
stipulatons and agreements hereinafter set
| forth and expressed, which they hereby &C
cept and adopt as their charter, to-wit:
| ARTICLE 1.-The name and title of the
Corporation hereby formed is declared TO be:
Mississippi and Louisiana Oil ASSOCIATION
Incorporated Abbreviated M. & L. Oil AS
| sOCldllOu, incorporated
| ARTICLE II-Its domcile shall be in the
City OF New Orleans, State of Louisiana,
where all stockholders and Directors meet
ings must be held; provided, that with the
written consent OF all the directors valid
meetings of directors may be held outside OF
the State or within the State elsewhere than
at its domicile; and shall have and enjoy
succession for period OF ninety nine (9)
years from date hereof.
ARTICLE III.-All citation or legal pro.
| LII r. .ha md
General Manager and in case OF his absence
or inability to act, upon the Vfce-President
or Secretary Treasurer.
ARTICLE IV.-The objects and purposes
for which this corporation is organized and
the nature of the business to be carried on
by it are declared to be: To locate, pur-
chase, lease, suitcase. acquire land and
leases to land with the exclusive right TO
prospect. drill, bore sink, oil, gas and sui
phur wells; to buy, sell and lease lands and
leases to land to produce convey and trans
port oil, petroleum, sulphur and gas; TO carry
on the business of storing and prospecting
for, producing, storing, piping and transport
ing buying and selling oil, petroleum.. gas
} and sulphur and the products and by-products
thereof; to buy sell, furnish and supply the
same; to operate, build, construct, pump asd
maintain oil, gas and sulphur wells; to
build construct, purchase maintain and op-
!. crate warehouses, pumping plants, pipe lines,
! refineries, factories mills, workshops labora-
tories, and dwelling houses for workmen and
others; to build, construct, operate and main
. tain telephone lines; and generally to do
and perform all things necessary to properly
conduct business for which 1t is incorpo-
rated.
ARTICLE V.-The capital stock of this
corporation is hereby fixed at the sum OF
Fifty Thousand Dollars ($5o0oO.0O, divided
into Five Hundred shares $500 OF the par
value of One Hundred Dollars $4,000 each,
of which Twenty-seven Thousand Dollars
($27 OOOOO), or more than one-half of the CAPT
tai stock has been subscribed for; which stock
: may be issued full paid and non assessable
.. for cash. or for property movable, immovaole
vices actually rendered to said corporation.
, Said capital stock may be increased to Two
Hundred Thousand Dollars ($2Oo,OoO.0O.
; ARTICLE VI-All the corporate powers of
this corporation shall be vested IN and ex,
! ercsed by Board of Directors consisting OF
i stockholders, the majority of whom shall
. constitute a quorum for the transaction OF
! all business The first Board of Directors
shall be composed of the following stock
holders: Fred L. Wilson, residing at s4'
, Carondelet ST., New Orleans, La; L. M. Dal-
garn, residing at 1909 Nashville Ave, New
a Orleans, La; Karl A. Bugbee residing al
. Traphagen, residing at 1903 Jackson, Ave,
, New Orleans, La; NJ. L. Meyer, residing al
33S S. Hagan Ave, New Orleans, La; Henry
Gayle, residing at 219 ST John St, San An,
: o. M Corps, us. Army, New Orleans. La:
. E. G. Larson, residing at 4224 St Claude
5 St, New Orleans, La; w. F. Sergeant, resid
ing at US Jourdon Ave, New Orleans, La
2 Monday of June, 1920, until their success
sors have been duly appointed and quail
: fled.
. The first officers of this corporation shall
E be: Fred L. Wilson, President and Genera
n Manager; L. NJ. Dalgarn, Vice President, anS
h Carl A. Bugbee. Secretary Treasurer, who shall
q hold their office until the LIST Monday Of
h June, 1920, until their successors have beer
= duly appointed and qualified In case O
the resignation or death Of any of the Di
! rectors during their term of office, the SAID
serving directors shall appoint and fidl al
a vacancies from among the stockholders VI
a the LIST Monday of June, 1920, unless said da,
:. be Dies non, then in such case on the frs
. succeeding judicial day and annually there
. after, an election for Directors shall be helt
at. the office of the Company, under the sup
ervision of three commissioners, Notice TO
annual meetings and for stockholders meet
!; ings shall be given by the Secretary-Treas
g urer, to each stockholder, either in person
i or by depositing written notice IN the Pos
:, Office properly addressed TO him, at leas
IS days before said meeting.
All stockholders shall vote, at all stock
holders meetings, By ballot, and majorit
of the stock present shall govern on a. a.
questions, save as otherwise provided b.
law. Each share of stock shall be entitle
to one vote, either in person or by writte
: proxy.
this corporation may be dissolved with tn
assent Of two-thirds of the capital stock /:
b, sued at a meeting of the stockholders cor
=. vened for that purpose, after thirty (SO) Gay
n prior written notice of such meeting sha
y have been mailed to the last address OF eac
rd stakeholder by the Secretary Treasurer OF n
40 Company and should at any meeting 1t Shout
OF be decided to dissolve the corporation, eith'
e by limitation Of its charter. or for any oth'
&c, cause, its affairs shall be liquidated by thr'
or 81 commissioners TO be selected from amor
IN the stockholders Said commissioners sha
les remain in office until the affairs of the co
m poration shall have been liquidated. In ca
es. of the death of any Of said oommiss ionei
of the survivor or survivors shall continue
III, act. d, =,
led ARTICLE VIII-No stockholder of Il
led Corporation shall ever be held liable for
the contracts or faults thereof, in any turth
,13, sum than the unpaid balance due to I
ne, corporation on the shares of stock owned
'l8, him. nor shall any mere informaiity IN orr
lilo nization have the effect of rendering Z
,ur- rha,ter null or exposing a stakeholder