The herald., 1919-07-10

Recorded IN VI. q. Is. l(26, FOlo OH.
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 it knawn that on this fourth day
of the month OF June, in the year OF our
Lord 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
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
made and provided, they have formed and
organized, and by these presents do form
and organize themselves into a corporation
for the objects and purposes and under the
stipulations and agreements hereinafter set
forth and expressed, which they hereby &C
cept and adopt as their charter, to-wt:
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
ISOLATION, Incorporated"
ARTICLE II-Its domicile 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 domcie; and shall have and enjoy
succession for period of ninety nine (9D
years from date hereof.
! ARTICLE III.-All citation or legal pro-
hall he he siH nj an
General Manager and in 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
the nature of the business to be carried on
/ by it are declared to be: To locate, puT-
| 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
corporation is hereby fixed at the sum OF
| Fifty Thousand Dollars CS50,0O0OO), divided
into Five Hundred shares $500 of the par
value of One Hundred Dollars $4,000 each,
of which Twenty-seven Thousand Dollars
| (S27,000O0), or more than one-half of the CAPT
/ III l.
may be issued full paid and non assessable
| for cash, for property movable. immovable
or mixed, transferred for value for ser
vices actually rendered to said corporation.
Said capital stock may be increased to Two
Hundred Thousand Dollars (S20O0O0.00).
| ARTICLE VIAL the corporate powers of
this corporation shall be vested in and ex-
ercised by a Board of Directors consisting of
stockholders, the majority OF whom shall
constitute quorum for the transaction OF
shall be composed of the following stock.
holders Fred L. Wilson, residing at S4S
Carondelet ST., New Orleans, La; L. NJ. Dali
garn, residing at 1909 Nashville Ave, New
1923 St. Charles ST., New Orleans, La; J. I.
Traphagen, residing at 1903 Jackson Ave,
| New Orleans, La; NJ. L. Meyer, residing at
35S S. Hagan Ave, New Orleans, La; Henry
Gayle, residing at PIG St. John ST.. San An
tonic, Texas; Capt. J. c. Kaelber, residing at
0. NJ. Corps, u. S. Army, New Orleans, La.
E. G. Larson, residing at 4224 St. Claude
ST, New Orleans, La; w. F. Sergeant, resid-
who shall hold their office until the lst
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 lst Monday OF
June, 1920, or until their successors have been
duly appointed and qualified. In case OF
the resignation death of any of the Di.
rectors during their term of office, the said
serving directors shall appoint and fill all
vacancies from among the stockholders. On
the LIST Monday of June, 1920, unless said day
be Dies non, then in such case the first
succeeding judicial day and annually there.
after, an election for Directors shall be held
at the office of the Company, under the sup
ervision of three commissioners, NOTICE FOL
annual meetings and for stockholders meet
ings shall be given by the Secretary-Treas
urer, to each stockholder, either in person
or by depositng written notice in the Post
Office, properly addressed to him, at leas
IS days before said meeting.
All stockholders shall vote, at all stock
holders meetings, b. ballot, and a majority
of the stock present shall govern on al
questions, save as otherwise provided oy
law. Each share of stock shall be entitled
to one vote, either in person or by writer
proxy.
ARTICLE -NII.-This Act of Incorporation
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 meeting of the stockholders con
vened for that purpose, after thirty 800 day
prior written notice of such meeting shall
have been mailed TO the last address of eac
: stakeholder by the Secretary-Treasurer OF tn
E Company and should at any meeting it shout
be decided to dissolve the corporation, eithe
by limitation Of its charter, or for any othe
|, cause, its affairs shall be liquidated by tire
90 commissioners to be selected from anon
I the stockholders. Said commissioners sha
; remain in office until the affairs of the col
/ poration shall have been liquidated. In cas-
!: of the death of any Of said commissioner
II the survivor or survivors shall continue
!, act.
d ARTICLE VIII.-No stakeholder of tn
d Corporation shall ever be held liable for Il
e contracts or faults thereof, in any furth
sum than the unpaid balance due to 4
e, corporation on the shares of stock owned
g. him nor shall any mere informality in org
10 nization have the effect of rendering tn
M