The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTER.
iaRTICLEs OF INCORPORATION GULF
DRILLING co. INC.

limited States of America, State of Lou
,s,sna CITY of New Orleans, Parish or
orleans Be it known and remembered:
That on this list day or the month OF
Ingnst In the year One Thousand Nine
Hundred and Nineteen; Before me, Mar
fin II. Manion, Notary PUBIC duIy sworn,
commissioned and qualified, in and for the
parish and State aforesaid; Personally
came and appeared the persons whose
names are hereunto subscribed, who de-
elared that, availing themselves or the
nrovisions of the laws of the State or
fouisiana. and more particularly OF Act
No 267 of the General Assembly or the
state of Louisiana for the year 1914, they
have coyenanted and agreed, and do, by
these presents. covenant, agree, bind, form
and constitute themselves, as well as such
persons who may hereafter join and be-
eome associated with them, into corpo-
ration and body polite in law, for the OBJ
iects and purposes and under the agree
ments and stipulations following, tow1t;
ARTICLE 1.-The name of this corpo...
ration shall be "Gulf Drilling Co. Inc,
and under that name 1t shall have and en-
joy all rights, advantages and privileges
granted by law to corporations. 1t shall
exist for a period Of ninety-nine years
from date hereof, unless sooner dlssoIVed !,
Il shall have power and authority TO sue
and be sued in its corporate name; 10
make and use a corporate seal, and TO
break and alter the same at pleasure; to
hold, receive, purchase, convey, mortgage
and hypothecate real, personal and mixed
property, to issue bonds, notes and other
obligations; to have and employ such man
ayers, officers agents and employees as the
interest and convenience of said Corpora
ton may require; and to make and es-
tsblish such bylaws rules and regulations
for the corporate arrangements and con-
troll Of the business and affairs OF the
Corporation, as may be deemed necessary
and expedient.
ARTICLE 1.-THE domicile of this Cor
poration shall be in the City of New Or
leans. State Of Louisiana. All citation and
other legal process shall be served on the
President and in his absence upon the
Secretary or Treasurer.
ARTICLE Iu.-The objects and pur-
poses for which this Corporation is organ
lied, and the nature of the business to be
carried on by 1t, shall be to do general
drilling and contracting business and to
purchase, own, hold, sell mortgage, lease,
ALLEVIATE receive and otherwise acquire and
dispose Of real estate, oil and mineral
lands, and oil and mineral rights, and any
other interest IN lands in Louisiana and
elsewhere, to buy, sell, erect, own, lease,
or otherwise acquire, and to operate and
maintain as principal or as agent in this
state, or elsewhere, drilling outfits and
snrs as applances, apparatus anu puJ
tor nsa a. ueseI.p.on uSeu' "a ~, Ns go
ath.s sr,I ~ .he e1tfaction vi oii Vi az
serrinr hsnSn, anu ,or .ne nVusins% Pm tne
SAME when extracted, all for the uses OF
us business; to buy sell, or otherwise ac-
quire and ALLEVIATE and to ship, export or
import oils, mineral and mineral products
;scts sn linus IN connecuon Win sa1u W
,s,,o, anu parposes ior WHICH this Corpo-
sa - oreanized.
ARTICLE Iv.-The capital stock of this
uuorporaton Is fixed at the sum OF One
n .aso thousand (S1OO,OOO,OO Dollars d.
loed into One Hundred Thousand shares
sh ue par value Of One Dollar (S1.OO) per
snare. This Corporation shall be a going
concern when s10,0O000 of the capital stock
saan nave been subscribed. All shares OF
s.s ~A snail be worcestershire, and no
c ranAer OF stock shall be binding upon the
corporation unless made upon its books
s Anu al certificates Of stock shall be signed
c r, ne resident and the Treasurer of the
issn pSfauon. The capital stock may be
Wv Iof property purchased by, or SER
ienoerea to the Corporation.
Of this co.n. v.EAh the corporate power,
tie manseema s.lon Isl saall be vested IN, ana
Di,ee.ssnai i be exercised by Board OF
stoetsn,s composed Of not less than five
shall conss,s majority Of the Directors
ton ~ SVasu,ute quorum for the transac-
s ssa q business. The Directors shall be
TussSsa annually by ballot, on the first
saee ny, after hrst Monday of August Of
ttlea year ~ Each stakeholder shall be en-.