The herald., 1919-12-04
CHARTER.


and to hold, own, possess, enjoy, sell,
distribute, export or otherwise dispose
of and generally to handle and deal in
any and every form of petroleum, gasses
andt other hydrocarbons, minerals, btu
men, coal deposits and mines, oil wells,
gas wells, and mining, oil anu gas lands,
rights and properties of every description
whatsoever, together with any ana all
by-products thereof, and any and every
material and thing in the manufacture,
preparation or use of which any of the
foregoing is used.
For its own purposes, but not as a
ublic service corporation, to acquire,
own, lease, erect, construct, charter build
occupy, enlarge, sink, improve, establish,
maintain and operate or otherwise pro-
mote and control factories, mills and re-
fineries, rigs, drilling machines and plants,
well castings, bitches, fumes, pipes, pipe
lines, tanks, tank lines, reservoirs, ware
houses, storage plants, pumping stations,
water works. electric plants power plants,
railway and tramway lines, steamships,
tankers, barges, lighters and other YES
sells of any and every class, dry docks,
wharves, docks, elevators, terminal prop
critics and facilities, harbors, ferries,
bridges, waterways and rights and canals,
and all other structures and improve
ments necessary or convenient for the
production manufacture, storage, sale
and distribution of products, and of any
goods, wares and merchandise or COM
modities dealt in by the Corporation, and
and to hold own, improve, exploit, mort
gage, sell, exchange, convey or otherwise
dispose of the full property or other
rights, whether real. personal or mixed,
whatsoever and wheresoeyer located, nee
essary or convenient in Connection with
its business in the State of Louisiana or
| in sany other States territories or Federal
districts of the United States Of America
and in foreign countries.
To issue stocks, bonds and other OBJ
4 m r.
chased or acquired by it for any other
| object in and about its business; to pur-
| chase or otherwise acquire, to guarantee,
| endorse, become surety for, hold, sell,
| assign, transfer. mortgage, pledge, hypO-
| thecate or otherwise dispose of shares OF
| the capital stock, bonds and all other
evidences of Indebtedness and securities
of any other corporation or corporations
! any other State, country, nation or
| government. and to issue in exchange
| therefor its stocks. bonds or other obl1-
| cations and while the owner of such
| stock and tori securities, to exercise all
| the rights, powers and privileges of own
| erShip, including the right to vote there
| on as provided by law, and to aid in any
| lawful manner. and to subscribe, con-
| tribute to. subsidiZe or otherwise become
| interested in any corporation or corpora
| tions. projects, works, plants, properties,
| structures and tori operations necessary,
| useful or convenient, in connection with
| its purposes. wheresOever located in any
| and all parts of the world; and to aid in
| any lawful manner any corporation or
| association of which any shares of stock,
bonds or other evidences of Indebtedness
or securities are held by this Corpora
ton. and to do such further lawful acts
| or things as it may desire to protect,
preserve, improve or enhance the value
of any of such shares Of stock, bonds or
other evidence of indebtedness and Sc
curities; and to purchase. hold, sell and
transfer and deal in generally shares of
it's own capital stock in every lawful
manner.
To sell, convey and otherwise lawfully
transfer and dispose of its entire prop
erty. both real, personal and mixed, and
rights, privileges. concessions and fran
chises or any interest therein or any part
thereof to other corporations, firms, as
sociations or individuals whatsoever and
wheresoever existing and tori residing.
II is the intent that the foregoing enum-
Grafton of specific powers shall not be
held to limit or impair in any manner the
general powers of the Corporation and
the enjoyment thereof as conferred by
the laws of the State of Louisiana upon
corporations organized Hereunder, and
that each of the objects, purposes and
powers specified shall be regarded as in
dependent objects, purposes and powers
and be in no manner and to any extent
limited or restricted by reference to or
inference from the terms of any other
clause of this or any other paragraph con-
tanned in these Articles Of Incorporation
ARTICLE Iv.-The capital stock OF
this corporation is hereby fixed at the
sum of Sixty Thousand ($6O,OOO.OOl Dol
lars divided into sixty thousand (60,OOO)
shares of the par value of One ($1OO)
Dollar per share. The amount of stock
may be increased to Ten Million $4,000,
OOO.OO) Dollars. Said stock shall be Is
sued for cash, or the whole or any portion
of said stock may be issued in exchange
for property after being appraised by
the Board of Directors; and the Board OF
Directors hereinafter created Is speciail!
stock Of this corporation for any and al
purposes in such wise as Its 1uogmen
may dictate and in accordance with TIT
laws Of the State of Louisiana.
ARTICLE v.-All the powers Of thi'
corporation shall be vested in and ex
ercised by a Board composed of thre'
. directors Said Board Of Directors shall
, have the right at any time to increas'
its number not to exceed nine (9) direc
directors. Said Board Of Directors shall
have the right to fill all vacancies o.
said Board resulting either from death
inability or resignation or other cause
or because of the increase in the numbe
. of said Board, even though no quorum re
main at the time such vacancies are g
be elected annually, by ballot, at stock
holders meeting called for that purpos'
on the first Monday in November OF eaci
year( or the next legal day If that be
holiday after due notice given to tn'
stockholders by mail, at least fifteen 10
days before the date of said meeting
Each holder of stock shall be entitled U
|. one vote delivered in person or by prox.
for each share of stock standing in hi!
. name on the books Of the company, ans
majority Of the votes cast shall elect
Failure to elect directors on the da!
: above specified shall not dissolve the cor
poration, but the directors then In oflic'
, shall remain in office until their success
sors are elected and quality III Boart
} of Directors shall elect from their mum
} Der q president, a vice-pres1dent ana
: secretary and treasurer, provided that TN
} Board may dispense with any OF SAT-
: officers and tori may combine any
them-and may elect such other officer
(who need not be members Of the Boart
or stockholders as they think proper o.
convenient for the carrying on OF the com
pany's business, and they shall nix TN
] salaries Of all officers, agents and EN-
! ployees. At any meetings OF the boar
of Directors any director absent from Tn
meeting may be represented by any otne
. director who may cast the vote or Tn
absent director according to the writtel
3 instructions, either general or special
said absent director. The Board OF III
I. rectors shall have authority to make an,
: establish, as well as alter and amend, 81
Q by laws, rules and regulations necessar
: and proper for the support and manage
? ment of the business and affairs OF IN
corporation and not Inconsistent witt
6 this charter, and they shall have tn
3 power to authorize the borrowing o
: money and the issuance Of notes, and IN
executions of mortgages and pledges, an