The herald., 1919-11-06
CHARTER.

assay, establish maintain, equip, hlre
and to hold, own, possess, ENJOY, sen,
of and generally to handle and deal in
any and every form of petroleum, gaSseS
and other hydrocarbons, minerals, bltu-
men coal deposits and mines, OIL wells
gas wells, and mining, oil anu gas iahds,
rights and properties of every description
whatsoever. together with any and 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
ublc service corporation, TO acquire
own, lease, erect, construct, charter, Dullu'
occupy, enlarge, sink, improve, Establish
maintain and operate or otherwise pro-
mote and control factories, mills ana 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
to purchase, lease or otherwise acquire
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 whereSOever located, nee
eSsary or convenient in Connection with
its business in the State of Louisiana or
in any other States territories or Federal
districts of the United States of America
and in foreign countries.
To issue stocks. bonds and other OBJ
legations in payment for property pur-
chased 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
or associations of this State or OF
any other State, country, nation or
government, and to issue in exchange
| therefor it's stocks bonds or other obi
cations, and while the owner of such
stock and lori 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
tons. projects, works, plants, properties.
structures and (or) 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
its 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.
1t 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 S60,000.00) Dol
| lars, divided into sixty thousand 100000
| Dollar per share. The amount of stock
may be increased to Ten Million $4,000.
100000 Dollars. Said stock shall be is
| sued for cash, or the whole or any portion
l Of Soid or n han or
for property after being appraised by
the Board of Directors; and the Board OF
Directors hereinafter created is specially
authorized to issue and dispose of the
stock of this corporation for any and al
purposes in such wise as its Judgment
may dictate, and in accordance with the
laws of the State of Louisiana.
| ARTICLE V.-All the powers of this
corporation shall be vested in and ex
ercised by a Board composed of three
directors. Said Board of Directors shall
have the right at any time to increas'
it's number not to exceed nine 90 direc
directors. Said Board of Directors shall
have the right to fill all vacancies OF
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 t
be filled; said Board Of Directors shall
be elected annually, by ballot, at a stock
on the first Monday in November of eacl
year( or the next legal day If that be
holiday after due notice given to tn
stockholders by mail, at least fifteen Us
days before the date of said meeting
Each holder of stock shall be entitled t
one vote delivered in person or by prox.
for each share of stock standing in hi
name on the books of the company, AM
a 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 Offic
, shall remain in office until their success
: sors are elected and qualify Th Boar
: of Directors shall elect from their mum
Der a president, a vice-president and
secretary and treasurer, provided that tn
, Board may dispense with any of sal
= officers and (Or) may combine any Q
: them-and may elect such other officer
= (whO need not be members of the Boar
or stockholders) as they think proper o
convenient for the carrying on of the com
p pany's business, and they shall fix tn
] salaries of all officers, agents and EN-
plOyees. At any meetings of the Boar
J of Directors any director absent from tn
meeting may be represented by any othe
director who may cast the vote of tn
absent director according to the write
: instructions, either general or special, Q
said absent director. The Board of ID
/ rectors shall have authority to make an
! establish, as well as alter and amend, a
by laws, rules and regulations necessar
, and proper for the support and manage
! ment of the business and affairs of tn
corporation and not Inconsistent wit
: this charter, and they shall have tn
power to authorize the borrowing G