The herald., 1920-12-23
CHARTER.

mann, a Notary Public. duly commissioned
| and qualified in and for this city and rhr
! Parish Of Orleans. therein residing. aud
] in IA" prrS"u'" of tn" Witnesses herein
after named and undersigned. personally
came ami appeared the parties whose
names ar" h"r'uutO subscribed. all of IA,
tull age of majority. who declared that.
avalliu@ Themselves Of the provisions of
Ia" laws of this State. relative tu corpor-
HflOu~. they have ,uNruHUt.d and agreed
and do by these presents covenant and
agree. and bind themselves. a~ we'll us such
other PERSONS as may hereafter hrcuW"
associated with them. 10 form and ,ou~ti
int 81 corporation and body polite I'm law
for IN" objects and purposes. and under
the ~tIpUlI'IUu~. articles AMI conditions
which they hereby adopt as their charter.
a. follows. to-wit.
ARTICLE The name ana title of the
said corporation shall ~ Trustee oil Co..
Inc. and ir~ domirilr l. hereby r~rah.
l>hrj Iu the city of New Orleans Stat,
OF Louisiana. and under its corporate name
said corporation shall have fan power and
authority 10 contract. sue and bee sued 10
make and Use 4 corporate seal. and Oh,
sam" 10 break and alter ar pleasure. To
hold. receive. lease. purchase. improve.
ALLEVIATE. convey. sell. borrow. pledge mort
gage and hyPUthcDHt". under it, CORPORATE,
name. property. real. personal and MIXED .
10 nam" and appoint ~cuh officers. dirrr-
tor~. agents ana managers or employees
a. the interest or TIA" convenience of tho
corporation may require. tu make aud
establish bylaws. rules ana regulations
for the proper management and rcgUlJ
tiun of it, affairs a. may be- dcrm"i ur,r>-
>ary and proper, and the same 10 change
and alter ut pleasure; to own stock in
other corporations and TO do all such Other
acts and things permitted 10y law. OF &C.
shall or may b" necessary and proper ru
carry out the purposes and objects of ~.irt
corporation. Said corporations uul,.~-
sooner dissolved in accordance with it,
charter. shall exist ami continue for The
period of niHrty-uiu" CtD years from ami
after the dat" hereof. The President. or.
in his absence. the Vice President shall h'
the proper person upon whom citation and
all other legal process shall be- served.
ARTICLE 1.-The objects and purposes
for which this corporation is organized.
aud the nature of the business to be- ear
ried on hy il. are hereby declared 10 br.
To develop tn" mineral Resources of land.
to buy and sell land. To "ultiyat" land.
buy ana sell stock of other corporations.
TO buy and sell bonds of Other "urpurG
tion>: to operate by lease. or in direct
ownership. oil wells and other means Of
mineral development: To- own. lra>" and
operate means of all kinds in the oh
tanning, storing and transportation of irS
raw material and finished products: To
build and operate pip" lines. 10 own and
operate docks and ship yards. and grurr-
ally 10 do and TO perform all such hu-i.
ness as may he necessary for. or incidental
To. the objects and purposes herein men
toned a. fully as if set forth herein.
ARTICLE III.-Thc capital stock of this
corporation is hereby fixed at forty thou>-
and $50 OrOOOl dollars. divided into four
thousand (4OOOl shares. Of ten dollars
$4,000 each. all of which shall be com
mon stock. This stock shall be- PAYABLE
in cash or may he issued by the BOARD of
Directors in exchange for things of valu,
actually Received or services rendered the
corporation, payments To Ice mad" at >Ucl
time ~ may be determined by the Board
Of Directors. This corporation shall he %
going concern a. soon aS twenty thousand
dollars tN2O.eO.OOl Of the capital stock
shall have been subscribed for and ten
thousand dollars (SlO.O0OOOD of the capital
stock shall have been paid for. The cap
ital stock of this corporation may he in !
creased to one hundred thousand dollars .
ElOO0O.OoI. All transfers of stock of this .
corporation shall be entered on the stock /.
book of the company. and no transfer of
stock shall he in any manner binding on .
this corporation until 30 registered in it, I.
stock book.
ARTICLE IV.-AI Of the corporate pow
cr> of this corporation shall be vested in /.
and exercised by a Board of Directors 81 .
nine co. stockholders. five (jl Of whom .
shall constitute quorum for tn" tran>ac-
tion of business and their decisions shall .
he valid corporate acts. The officers of /.
the said corporation shall he a President. F.
a Vice President and Treasurer, who I
shall be members Of the Board of Dirrc- /.
tors. and a Secretary, who need not be- Il +
stakeholder OF Director. The following .
named persons shall constitute the FIRST .
Board of Directors of this corporation
II. Il. Macleod. 1904 Elm street. New or /
leans. La; Il. II. Hackney. New Orleans. /
La: VI. y. Coe, S2O1 Pritchard Place, New .
Orleans. La; 5. t. Chase 93l Henry CIav /
Ave, New Orleans, La; J. II. Warner /
1919 Nerna street. New Orleans. La; L. /
II. Hogan, 223 :. White street. New or 4
leans. La: Il. X Mulnix. 17li Josephine
Jr.. Empire =. O.. La: W. W. Battle. 300 .
Chestnut street. New Orleans. La. And the .
said II. Il. Macleod shall be President;
VI. Y. Coe. Vice President. and J. II. War .
ner. Treasurer. The Secretary shall BE-
elected at the first meeting of the Board .
Of Directors. No person shall be eligible--
l> Director or as an officer who j. not
stakeholder of this corporation. During
the absence of the President. the Vice
President shall act and preside. Said
Board of Directors shall continue in Office
until the second Monday in December 1921.
on which date and thereafter annually. a
Board of Directors shall be electe don the
second Monday of December of each year.
unless the same shall be holiday. when
such election shall be held on such next
legal day thereafter. Notice of such elec
lion shall be given by written or printed
notice ten (1O) days previous to said cleo
ion and sent by mail TO the last known
address of each stakeholder, as shown by
he books Of the corporation. and the
ioard of Directors shall appoint one or
more stockholders to preside mt such elcc-
ion as commissioners. In the event Of
he failure of any commissioner. or com
niSSiOnerS to attend. the President shall
~ appointment fill the vacancy. failur,
rom any cause whatever to elect Directors
IN the day named for that purpose shall
lot dissolve the corporation. but the Di-
ectOrs then in office, as well as the officers
# the said corporation. shall hold over
Until their successors are chosen and quail
led. In such event the President shall
ause another election TO he held within
hirty 500 days. and shall give notice
hereof as hercinabOye provided. At every
lection and meeting each stakeholder shall
~ entitled to one vote for each share of
took registered in his name and may vote
" proxy. The election of Directors shall
- by ballot and the majority in amount
4 votes cast. each share Of stock voted
pOn to be counted for one vote, shall
lect the person or persons for whom they