The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-26
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 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
torty-thlrd; before me. William Ardill a No
tary Public, duly commi ssioned and quail.
ted 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 case.
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
stlpulations and agreements hereinafter sci
, 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 40 be
| Mississippi and Louisiana Oil Association
! Incorporated Abbreviated M. & L. Oil As.
ISOLATION, Incorporated"
ARTICLE I.-Its domicie 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
meetings Of directors may be held outside Of
the State within the State elsewhere than
at Its domicile; and shall have and enjoy
succession for a period of ninetv-nine 100,
years from date hereof
ARTICLE III.-All citation or legal pro-
cess shall be served 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
tor 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
tor, prod ucIng, storing, piping and transport
ing buying and selling oil, petroleum. gas
and sulphur and the products and by-prOduct>
thereof; to buy sell, furnish and supply the
same 10 operate, build, construct. pump anC
maintain oil, gas and sulphur wells; t.
DulId construct, purchase maintain and op
crate warehouses. pumping plants, pipe lines
irefnerieS, factories mills, workshops labora
tories, and dwelling houses for workmen ant
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 thi.
corporation is hereby fixed at the sum o.
Fifty Thousand Dollars ($50,GoOOO), divided
into Five Hundred shares $500 of the PAL
value of One Hundred Dollars (SlOOOO) each
OF which Twenty-seven Thousand Dollars
(S27,0O0OO), or more than one-half of the CAPT
tai stock has been subscribed for; which stock
may be issued full paid and non. assessable
tor cash, or for property movable, immovable
or mixed, transferred for value or for ser.
| rendered IN
Said capital stock may be increased to Two
Hundred Thousand Dollars (s2OO,OOOOO).
ARTICLE Wall 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
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. Dali
Orleans, La; Karl A. Bugbee residing al
1923 St. Charles ST., New Orleans, La; J. I
IIraphagen, residing at 1903 Jackson Ave
New Orleans, La; NJ. L. Meyer, residing al
Gayle, residing at 2l9 St. John St. San An.
tonic, Texas; Capt. ]. c. Kaelber, residing at
9 NJ. Corps, L. S. Army, New Orleans. La.
+. 6. Larson, residing at 4224 St. Claude
ing at US Jourdon Ave, New Orleans, La.
who shall hold their office until the Isl
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 ist Monday OF
June, 1920, until their successors have been
duly appointed and qualified. In case Of
the resignation or 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 ockholders 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 for
annual meetings and for stockholders meet.
ings shall be given by the Secretary Treas
urer. to each stakeholder, either in person
or by depositing written notice in the Post
IS days before said meeting.
All stockholders shall vote, at all stock
holders meetings, by ballot, and a majority
of the stock present shall govern on all
questions, save as otherwise provided by
law Each share of stock shall be entitled
to one vote, either in person by written
proxy.
ARTICLE WII.-This Act of Incorporation
may be changed, modified. or amended or
this corporation may be dissolved with the
assent of two-thirds of the capital stock is
| sued at a meeting of the stockholders con-
vened for that purpose, after thirty t3c) days
prior written notice of such meeting shall
have been mailed TO the last address of each
| stakeholder by the Secretary Treasure of the
Company and should at any meeting it should
be decided to dissolve the corporation, either
by limi alton of its charter, for any other
cause, its affairs shall be hquidated by three
| 90 commissioners to be selected from among
| the stockholders. Said commissioners shall
| remain in office until the affairs of the cor
poration shall have been liquidated. In case
of the death of any of said commi ssoners,
the survivor survivors shall continue TO
act.
| ARTICLE VI1I.-No stakeholder of this
| Corporation shall ever be held liable for the
contracts or faults thereof, in any further
| sum than the unpaid balance due to the
| corporation the shares of stock owned by
| him. shall any mere nformality in orga-
nization have the effect of rendering this
charter null or exposing a stakeholder 10
any liability beyond the unpaid amount OF
his stock.
ARTICLE IX.-The subscribers to the CAPT
posite their names the amount of stock sub
scribed for by them, which subscription is
to stand in lieu OF formal subscription &c
stock.
! Thus done and passed, in the City of New
| Orleans, La. on the day, month and yeai
| above written, in the presence of Messieur:
Charles Anderson and George J. Marine
competent witnesses of lawful age, who have
hereunto subscribed their names, togethel
with said appearers and me, Notary, aftei
reading of the whole