The herald., 1919-09-25
CHARTER.


break and alter the same at pleasure; t
hold, receive. purchase, convey, mortgage
and hypOthecate real, personal and mixed
property, to issue bonds, notes and Othe
obligations; to have and employ such man
ayers officers agents and employees as tn,
| interest and convenience of said Corpora
ton may require. and to make and eS
tabliSh such bylaws rules and regulations
for the corporate arrangements and con
troll of the business and affairs of tn,
Corporation. as may be deemed necesSar,
and eNpedient.
ARTICLE 1.-THE dOmicile of this Cor
pOration shall be in the City of New Or
leans. State of louisiana All citation anC
other legal process shall be served on the
President. and in his absence upon tn,
Secretary or Treasurer.
ARTICLE II-The objects and pur
poses for which this Corporation is organ
lied, and the nature of the business to be
carried on by it. shall be to do a general
drilling and contracting business and t.
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 anS
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
machinery appliances, apparatus and build
lnS$ OF every description used, or Suitab le
for use. in the extraction of oil of any
other minerals and for the housing. pre-
serving handling and transportation of the
same when extracted. all for the uses OF
its business. to buy sell, or otherwise ac-
quire and ALLEVIATE and TO ship, export or
import oils. mineral and mineral products
of all kinds in connection with said OBJ
jects and purposes for which this COrpO-
ration is organized.
ARTICLE IV.-The capital stock of this
Corporation is fixed at the sum of One
Hundred Thousand ($lOO,OO00O) Dollars di-
vided into One Hundred Thousand shares
of the par value of One Dollar ($l.00) per
share. This Corporation shall be a going
concern when S1O0000O of the capital stock
shall have been subscribed. All shares OF
stock shall be worcestershire and no
transfer of stock shall be binding upon the
Corporation unless made upon its books.
and all certificates of stock shall be signed
hv the President and the Treasurer of the
Corporation. The capital stock may be
issued for property purchased by, or ser
vices rendered to the Corporation.
ARTICLE V.-AlI the corporate powers
of this Corporation shall be vested in, and
the management and control of the af-
fairs shall be exercised by a Board of
Directors composed of not less than five
stockholders. \ majority of the Directors
shall constitute Il quorum for the transac-
ton of business. The Directors shall be
elected annually by ballot on the first
Tuesday after first Monday of August of
each year. Each stakeholder shall be en-
titled i'll person or by proxy TO vote for
every share owned by him, and ,II eltc-
tons shall be held under such rules and
regulations as may be determined by the
Board of Directors after fifteen days no
tice by mail of intention to hold such cleo
ton shall have been sent to each stock
holder at his last known address. The
directors thus elected shall continue in
Office until next annual election or until
their successors have been duly elected and
qualified. No failure TO elect shall be re-
garded AS a forfeiture of this charter
Any vacancy occurring on the Board shall be
by the remaining Directors for the unex-
pred term Said first Board of Directors
shall be composed of: Officers-W r.
Appeman, President. William T. EngeIhorn.
ice President, Edward J. Buwe. Score
tary-TreaSurer and Charles \. Guichard
Said Board of Directors shall have the
right to appoint and dismiss clerks, man
ayers. or other employees OF the Corpora
ton. as conditions may justify, or the
business of the Corporation may require
ARTICLE Who stockholder shall ever
be held liable or responsible for the debts.
contracts, or faults of the Corporation, nor
shall any mere infOrality in its organization
have the effct of rendering this charter null
ana void, or of exposing a stakeholder to
any liability beyond the unpaid balance
iue on the shares owned by him.
ARTICLE vII.-These Articles of Incor-
poration may be changed, modified or al
ered or this Corporation may be dissolved
with the assent of the stockholders at a
general meeting convened for the purpose
IN accordance with law. In case of dis
solution by the expiration of this charter
DR. otherwise. the stockholders shall elect
three hquidatorS from among their num-
N linn dat and 81
md affairs of the Company. In case of
Instability of any one of the said commits
'lonerS or HquidatOrs, the survivors or re
naming liquidatOrs shall appoint a success
'Or The subscribers hereto have respec-
lively written opposite their names the
mount of stock in this Corporation subs
.rlbed for by each of them, so that this
lct of Incorporation may also serve as
he original subscription list.
Thus done and passed in my office in the
fty of New Orleans on the date herein
irSt above written. in the presence of Mar
,uerite G. Stein and Olga Douglas compe-
ent witness who have signed these pre-
ents with said appearers and me- after
lue reading of the whole.
Witnesses: NJ. G. Stein. Olga Douglas
Original Signed) VIM. T. Engelhorn,
90 shares. sos FOucher st. Theodore A. |
'ilvera. $500 shares, 1915 st. Mary ST. Ed |
ward j. Buwe. 800 shares 4402 s. Carroll |
vi -h't' !. y. 'HultHdTu,OVO SnareS, S3l n. |
laiborne Ave. W. r. Appeman, 1900 shares, |
333 Camp ST. n. q.
MARTIN III. MANION
Notary Public.
|, the undersigned Recorder of Mortgages, |
n and for the Parish of Orleans, State of |
louisiana, do hereby certify that the above |
M foregoing act of incorporation of the |
iult Drilling Co. Inc. was this day duly |
ecorded in my office in Book 1871 folio |
New Orleans. Sept. 1919,
sMlLE J. LEONARD, by. r.
true copy.
MARTIN II. MANION
Notary Public
ept. IS Oct.23.
IRTICLES OF INCORPORATION OF
NEW NJ