The herald., 1919-07-03
CHARTER OF M. & L. OIL ASSOCIA-
TON, INCORPORATED.


lana, Parish of Orleans City of New Or
leans. Be 1t knawn that 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 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, in such cases
made and provided, they have formed and
organized, and by these presents do form
and organize themselves into corporation
| for the objects and purposes and under the
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 70 be:
Mississippi and Louisiana Oil Association
| incorporated Abbreviated M. & L. Oil As
| ISOLATION, incorporated"
ARTICLE Hits domcie 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 domcile; 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 President
or Secretary Treasurer.
! ARTICLE IV.-The objects and purposes
| for which this corporation is organized and
I tho h..
| by it declared to be- To locate pu--
| chase, lease, suitcase, acquire land and
leases TO land with the exclusive right 10
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
tor, 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,
| retlneries, factories mills, workshops labora-
! tories, and dwelling houses for workmen and
others; to build, construct, operate and main
tam 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
corporation is hereby fixed at the sum OF
Fifty Thousand Dollars ($500OO.00), divided
value of One Hundred Dollars $4,000 each,
of which Twenty Thousand Dollars
(S7,0O0.O0), 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, immovable
or mixed transferred for value or for SER
vices actually rendered to said corporation.
Said capital stock may be increased to Two
| AvaI Nall nON
ARTICLE VI-All the corporate powers OF
this corporation shall be vested in and ex-
ercised by Board of Directors consisting of
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 S4S
Carondelet ST., New Orleans, La; L. NJ Dal-
garn, residing at 1909 Nashville Ave, New
Orleans, La; Karl A Bugbee residing at
Traphagen, residing at 1903 Jackson Ave,
New Orleans, La; NJ. L. Meyer, residing at
1888 S. Hagan Ave, New Orleans, La; Henry
Gayle, residing at 2l9 St. John ST., San An,
9. NJ. Corps, U. S Army, New Orleans, La
+. q. Larson, residing at 4224 St Claude
ST, New Orleans, La; W. F. Sergeant, resid,
ing at US Jourdon Ave, New Orleans, La.
Monday of June, 1920, or until their success.
sors have been duly appointed and quail
fled.
| The first officers of this corporation shall
be: Fred L. Wilson, President and General
) Manager; l. NJ. Dalgarn, Vice-President, and
Carl A. Bugbee, Secretary Treasurer who shall
hold their office until the LIST Monday Of
June, 1920, until their successors have beer
duly appointed and qualified. In case OF
the resignation or death of any of the Di
rectors during their term of office, the sait
, 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, 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
, ings shall be given by the SecretaryTreas
urer, to each stockholder, either in person
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 a majorit,
(: of the stock present shall govern on al
i questions, save as otherwise provided b!
. law. Each share of stock shall be entite,
to one vote, either in person or by writer
j proxy.
q ARTICLE Widths Act of Incorporation
y may be changed, modified, or amended, o
: this corporation may be dissolved with tn
assent of two-thirds of the capital stock is
= sued at a meeting of the stockholders con
vened for that purpose, after thirty 600 day
J. prior written notice of such meeting shall
d have been mailed to the last address of eac
d stakeholder by the Secretary Treasurer of tn
k Company and should at any meeting it shout
= be decided to dissolve the corporation, eithe
l. by limitation of its charter, or for any othe
3 cause, its affairs shall be liquidated by thre
:, 90 commissioners to be selected from anon
IF the stockholders Said commissioners sha
IS remain in office until the affairs of the col
II poration shall have been liqudated. In cas-
,f of the death of any of said commissioner
the survivor survivors shall continue
is act.
" ARTICLE VIII-No stakeholder of tn
n, CORPORATION shall ever be held liable for d
a. contracts or faults thereof, in any furth,
r sum than the unpaid balance due TO Il
~ corporation on the shares of stock owned
IN him. nor shall any mere infornfality in org
nization have the effect of rendering tn
~ charter null or exposing stakeholder
or any liability beyond the unpaid amount
ne his stock.
on ARTICLE IX.-The subscribers 20 the car
or tai stock of this Corporation have set o
de posite their names the amount OF stock su
lst scribed for by them, which subscription
,p- to stand in lieu of formal subscription
ne stock.
all Thus done and passed, in the City of NJ
nd Orleans, La, on the day, month and ye
above written, in the presence of Messiet
ar Charles Anderson and George ]. Marii
all competent witnesses of lawful age, who ha
set hereunto subscribed their names, togetf
he with said appearers and me, Notary, al
,ch reading of the whole.
by Witnesses: Chas. Anderson, Geo. J.
is rine
" Original Signed L. N. Dalgarn,