The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-18
ARTICLES OF INCORPORATION GULF
DRILLING co. INC.

United States of America, State of Lou
isiana, City of New Orleans. Parish or
Orleans. BE it known and remembered:
That. on this list day of the month Oh
August ia the year One Thousand Nine
Hundred and Nineteen Before me, Mar
tin H. Manion a Notary Public duly sworn,
commissioned and qualified, in and Tor the
Parish and State aforesaid; Personally
came and appeared the persons whose
names are hereunto subscribed, who de-
clared that. availing themselves of the
provisions of the laws of the State or
Louisiana, and more particularly OF act
No. 267 of the General Assembly OF the
State of Louisiana for the year 1914, they
have cOvenanted and agreed, and do by
these presents, covenant, agree bind, form
and constitute themselves, well as such
persons who may hereafter join and be-
come associated with them, into corpO-
ration and body polite in law, for the OBJ
jects and purposes and under the agree
ments and stipulations following, towit ;
ARTICLE 1.-The name of this cOrpo-
ration shall be Gulf Drilling Co. Inc
and under thatsname it shall have and en-
Joy all rights, advantages and privileges
granted by law to corporations. IL snail
exist for a period of ninety-nlne years
from date hereof, unless sooner dissolved ;
il shall have power and authority TO sue
and be sued in its corporate name; to
make and use a corporate seal, and TO
break and alter the same at pleasure; TO
hold, receive purchase, convey, mortgage
and hypOtheCate real, personal and mixed
property, to issue bonds, notes and other
obligations; to have and employ such man
ayers officers agents and employees as the
interest and convenience OF SAID corpora
ton may require; and to make ana es-
tablish such bylaws rules and regulations
for the corporate Arrangements and con-
troll of the business and affairs of the
Corporation, as may be deemed necessary
and eXpedient.
ARTICLE 1.-THE dOmicile of this Cor
poration shall be in the City of New Or
leans State of Louisiana. All citation ana
other legal process shall be served on the
President. and in his absence upon the
Secretary or Treasurer.
ARTICLE III.-The objects and pur-
poses for which this Corporation is organ
lied, and the nature of the business 10 De
carried on by it, shall be to do a general
drilling and contracting business ana TO
purchase. own, hold, sell mortgage, lease.
ALLEVIATE receive and otherwise acquire anu
dispose of real estate, oil ana mlheral
lands. and oil and mineral rights, and any
other interest in lands in Louisiana ana
elsewhere to buy. sell. erect. own, lease
or otherwise acquire. and to operate ana
maintain as principal or as agent III tnis
State. or elsewhere. drilling outfits ana
machinery appliances, apparatus ana Dullu
ings of every description used, or suitable
for usa i'm the extraction of oil of any
other minerals and for the housing, pre-
serving handling and transportation OF tht
same when extracted, all for the uses Vi
its business. to buy sell. or otherwise ac'
guire and ALLEVIATE and to ship, export OF
import oils. mineral and mineral products
of all kinds in connection with SAID Cd
iects and purposes for which this Corpo-
ration is organized.
ARTICLE IV.-The capital stock of this
CORPORATION is fixed at the sum or one
Hundred Thousand (S100.O00,OO) Dollars oil
vided into One Hundred Thousand shares
of the par value of One Dollar (Sl.OO) pei
share. This Corporation shall be gong
concern when $40 10000 of the capital stocB
shall have been subscribed. All shares OIL
stock shall be worcestershire, ana nc
transfer of stock shall be binding upon tnt
Corporation unless made upon its DOCKS
and all certificates of stock shall be signed
| by 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.-All the corporate powers
/ of this Corporation shall be vested IN, an0
| the mana cement and control of the af'
| fairs shall be exercised by Board OF
/ Directors composed of not less than five
| stockholders. A majority of the Director:
shall constitute a quorum for the transac'
| ton of business. The Directors shall b'
| elected annually by ballot, on the frs
/ Tuesday after first Monday of August o.
each year. Each stakeholder shall be en-
titled in person or by proxy to vote FOL
every share owned by him, and All elt c
lions shall be held under such rules and