The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-31

Original Signed D. NJ. Hayes;
Notary Public.
Recorded in NJ. o. B. 1928, Folio 6l2
July 3-Aug T.
CHARTER OF NJ L. OIL AssoCIA-
TON. INCORPORATED.
United States of America, State of Louis
lana. Parish of Orleans City of New Or
leans. Be it 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
forty third; before me, William Ardill No
tary Public, duly commi ssioned 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, in such cases
made and provided they have formed and
and organize themselves into corporation
| for the objects and purposes and under the
stipulstons 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 IN. & L. Oil As
ISOLATION, Incorporated"
| ARTICLE II-Its domicile shall be in the
! City of New Orleans, State of louisiana
where all stockholders and Directors meet
] ngs 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 a period of ninety nine (99)
years from date hereof.
ARTICLE III.-All citation or legal pro.
cess shall be served on the President and
General Manager and in case of his absence
or inability to act, upon the Vice-Presdent
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 and
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 it is incorpo-
rated.
ARTICLE V-The capital stock of this
is heT nay- fixed at the s SRdsd
into Five Hundred shares 600 Of the par
value of One Hundred Dollars ($loo.00 each,
of which Twenty-seven Thousand Dollars
lS1!Ooo0o). or more than 1ns-haii OF me capit,
may be issued full paid and non assessa6ie
for cash, or for property movable, 1mmovable
or mixed, transferred for value or for ser
vices actually rendered to said corporation.
; Said capital stock may be increased to Two
, Hundred Thousand Dollars ($200,OO0.0O).
! ARTICLE VIAL the corporate powers Of
this corporation shall be vested in and ex.
ercised by Board of Directors consisting OF
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 s4s
garn, residing at 1909 Nashville Ave, New
Orleans, La: Karl A. Bugbee residing al
1923 St. Charles ST., New Orleans, La; l.
Traphagen, residing at l,9s Jackson. IA Ave- e.,
33S S. Hagan Ave, New Orleans, La; Henry
Gayle, residing at 219 St. John ST., San An.
tonic, Texas; Capt. J. c. Kaelber, residing al
Q. M. Corps. U. S. Army. New Orleans, La;
: St, New Orleans, La; w. F. Sergeant, resid
ing at US Jourdon Ave, New Orleans, La.
T who shall hold their office until the Isl
Monday of June, 1920, or until their, success
sors have been duly appointed and quail
, fled.
r The first officers of this corporation shall
. be: Fred L. Wilson, President and General
: Manager; L, M. Dalgarn, Vice President an I
i hold their office until the LIST Monday OF
4 June, 1920, or until their successors have beer
duly appointed and qualified. In case OF
the resignation or death of any OF the Di
serving directors shall appoint and fill al
vacancies from among the stockholders. Or
the LIST Monday Of June, 1920, unless said day
be Dies non, then in such case on the frs
succeeding judicial day and annually there
after, an election for Directors shall be helC
at the office of the Company, under the sup
. ervision of three commissioners, Notice to-
( annual meetings and for stockholders meet
e ings shall be given by the Secretary-Treas
+ urer. to each stockholder, either in person
k or by depositng a written notice in the Pos
d office, properly addressed to him, at leas
IS days before said meeting.
All stockholders shall vote, at all stock
!. holders meetings, By ballot, and naJorit!
of the stock present shall govern on al
questions, save as otherwise PROVIDED D.
law. Each share of stock shall be entitle
10 one NOtcy cltHci ih PCASOh u ~ 1890
proxy.
E ARTICLE vII;-This. Act of incorporate
may be changed, modified, or amended, o
this corporation may be dissolved with tn
assent Of two-thirds of the capital stock /:
9. sued at a meeting of the stockholders cor
;. vened for that purpose, after thirty 800 day
=, prior written notice of such meeting sha
y have been mailed to the last address OF eae
~ stockholder by the Secretary-Treasurer OF Il
~ Company and should at any meeting 1t shoul
u be decided to dissolve the corporation, eith'
8 by limitation of its charter. or for any 9TH
:, cause its affairs shall be liquidated by thru
81 (3) commissioners to be selected from amor
IN the stockholders Said commissioners sha
es remain in office until the affairs of the CO
m noration shall have been liquidated In ca
IS: Of the death of any of said commissioner
OF the survivor or survivors shall continue
m, act, :,
ed ARTICLE VIII.-No stakeholder of II
ed Corporation shall ever be held liable for I
he contracts or faults thereof, IN any furtf
b, sum than the unpaid balance due TO
me- corporation on the shares of stock owned
,ls him. nor shall any mere informality in or
A. rf derfn