The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-30
CHARTER
CHARTER OF THE ASItTIC PETROL
EIM COMPANY HOUI>IANN
INCORPORATED.

E-uUud Phelps. John Ii. hlbSoh ana "a
vim Il. Eibcrt. residents Of TIA" city ri
New Orleans. Louisiana. who's" signatures
are appended hereto, who declared Ia my
presence. and la IN" Pro>euc" of tn" under
signed competent witnesses. that aNall-
iUy themselves of the laws OF the state OF
Louisiana in such ease made and pro
yiG,d they have associated themselves.
aud do by these presents hereby associate
themselves as Corporation under ting ioI-
loving articles of Incorporation, to-wIt.
ARTICLE THE name of the corpora
tiou shall be ASiatic Petroleum Company
louisiana Incorporated.
ARTICLE 1.-THE purposes for which
the said corporation i formed are HtFt"!
declared &" be:
!. To engage in and carry on In" bust
ness Of boring and exploring for. mining
extracting, producing. refining. di>ulllhE
treating. manufacturing. piping. dtallhS
in buying and selling oils. petroleum. min
crI oil. natural gas aud other minerals
aud mineral and hydrO-carh0u substances
and all kinds of products and by-prOductN
derived from said substances, OF any OF
them. and all implements, materials and
things incidental To or useful ia counrc-
ton with the business of the corporation,
aud of transporting and transmitting In"
same i'm any manner Whatsoever, ana 10
engage in aud carry on any other business
which may conveniently be conducted in
conjunction with any Of the businesses
aforesaid.
- To purchase. lease. hire or other.
wise acquire, hold. own. develop. improve
and dispose Of. and to aid and subscribe
toward the acquisition, development or
improvement of real and personal property
and rights and privileges therein. suitable
or convenient for any of the businesses of
the corporation. and To acquire. take. hold.
own. construct. erect, improve, manage
aud operate. and 10 aid and subscribe TO-
ward the acquisition. construction or I'M
prOvement of oil wells, gas wells, mines.
rcfncricS. manufactures. pipe lines. tanks.
cars, piers. wharfN. steam and other YES
sells for water transportation and any
other works property or appliances which
may appertain to or be useful in the con
duet of any of the businesses Of the cor
poration, but only to the eNtent permitted
by law.
3. To apply for, obtain. purchase or
otherwise acquire any patents, licenses.
trade marks and the like, in respect Of ANY
inventions which may seem capable of be
ing used for any of the purposes of the
corporation, and to use. exercise and de-
yelOp the same, and grant licenses and
other rights and privileges in respect
thereof
1. To extent permitted by law. to Dor
row raise monies for any of the pur-
poses of the corporation, issue bonds,
notes or other obligations of any nature
and in any manner for monies so Dor
rOwed, and TO secure the payment there
of and the interest thereon by mOrtg;
upon, or pledge or conveyance or assign
ment in trust of, the whole or any part
of the property of the corporation. real
:.
whether at the time owned or thereafter
acquired; and to sell, pledge or discount
such bonds, notes or other obligations of
the corporation for its corporate purposes.
.. To the extent permitted by law, to
acquire by purchase, subscription or other |
wise, and to own. hold, sell, assign. trans |
fer, exchange, mortgage, pledge or other |
wise dispose of any shares of the capital |
stock, bonds or other evidences of indeb;- |
edness of any other corporation or cor
pOTatiOnS, association or associations. do |
nestle or foreign, engaged in any bust |
ness in which this corporation may be au-
thOriZed to engage, or the ownership of
whose securities would be advanta eeOus or
convenient in the protection or promotion
of any of the purposes or interests Of this
corporation, including corporations or as
SOciatiOns engaged in or carrying on the
business of transporting or transmitting
for public service any products or sub
stances mined, extracted, produced. re-
fined distilled, treated, manufactured or
dealt in by this corporation; to issue in
exchange therefor shares of the capital
stock, bonds or other obligations of this
corporation; while the owner or holder of
any such shares of capital stock, voting
trust certificates, bonds or other evidences
of Indebtedness of other corporations, to
possess and exercise in respect thereof any
and all the rights, powers and privileges
of individual holders, including the right
to vote on any shares of stock so held or
owned; and upon a distribution Of the as
sets or a division of the profits of this cor
pOration, to distribute any such shares of
capital stock, voting trust certificates
bonds or other evidences of Indebtedness
or the proceeds thereof, among the stock
holders of this corporation.
o. In so far as is permitted by law, TO |
aid, in any manner, any corporation or
association any Of whose shares of stock |
bonds or other evidences of Indebtedness /
are held by or for this corporation. or in /
which, or in the welfare of which this |
corporation shall have any interest and /
n
tect, preserve, improve or enhance the !
value of any such shares of stock bonds |
or other evidences of indebtedness or the |
property of this corporation
Z. To guarantee the payment of divi-
bends upon the capital stock, or the pay
ment OF the principal and interest or
either, OF any bonds or other obligations !
or evidences of indebtedness or the per-
tormance of any contract, of any other
such corporation or association. in so far
as, and to the extent that such guaranty
may be permitted by law.
3. To carry out all or any part OF the
foregoing OBJECTS as principal factor,
agent, contractor or otherwise, either alone |
or IN conjunction with any person iirm |
association or corporation. and in any
part or the world and in carving on its
business and for the purpose of attoininp |
or iurthering any of its objects TO max, !
ana perform such contracts of any kind |
ana description, to do such acts and things.
ana 10 exercise any and all such mowers /
as natural person could lawfully MAKE !
perform DO or exercise, providing thar tho !
same be not inconsistent with IN. H.,
! uhuer winch this corporation is Oruapiznd
y. To conduct its business I'm All its
branches at one or more Offices both win
IN or without the State of Louisiana and
without limit, to purchase. lease hire. TAX
on exchange or otherwise acquire hoI4
develop. sell, assign. transfer, Cxcbanga
mortgage, pledge, or otherwise dispose of |
ana convey real and personal property and
rights and privileges therein or connected /
herewith IN any part of the world
me foregoing clauses shall be construed 2
notn as purposes and powers, and the
foregoing enumeration of specific power, !
Shal not be held to limit or restrict in /
any manner the general powers of tho
corporation, and generally the corporation
Shall DE authorized to exercise and en-. /
JOY any ana all other powers, rights and
privileges granted or which hereafter MAJ |
De granted by the General Laws Of H. |
state of Louisiana, to corporations of This |
character. so far as not in conflict Win
the purposes and powers herein e. preSSSIy /
stated; but the corporation shall not carry |
on any business or exercise any mower.
IN the State of Louisiana or in any other
state, territory or country which a SINH |
lar corporation organized under the laws /
or said State of Louisiana or such state.
territory or country, as the case may be. |
could not carry on or exercise, except 10 /
the extent permitted by the laws of the /
state of Louisiana or of such state. terri |
tory or country.
ARTICLE III.-The capital stock of the
corporation is hereby fixed at the sum of
hVe thousand $4,000 dollars, 10 be di-
Nlded into fifty l5O) shares of the par
value of one hundred (SlOOl each ALI Of |
which stock is n no iSSu.J o.,