New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-11-20
CHARTER OF
Macmillan Oil Co., Inc.

| Slf4AN EN VI
Macmillan Oil Co., InC
State Of Louisiana, Parish Of iberia
Be it known that on this Both day
September in the year Of Our Lo.a. UI
thousand Nine Hundred and Twenty, Z,
fore me, J. 9. Leblanc, a Notary Pub.
IN and for the said Parish aud stat
personally came and appeared John .
Madden. w. IL. BONN, +. S. Fulton, i
w. Scully, II. II. Collins, Emile Vuile
mot and s. o. Nuckolls, each OF whol
declared unto me in the presence OF tb
hereinafter named and uudcfSipnc
competent witnesses, that ayailing them
selves Of the provisions of Act No. %
Of the General Assembly Of the State @
! Louisiana tor the year 1914, as well 4
the laws Of the State in general rclativ
to the creation Of corporations, they q,
hereby form themselves into and caus,i
tute body polite in law and adopt Ia,
following articles as Charter to gov.
ern themselves and such others as ma,
become associated with or succeed them
ARTICLE I.
The name and title of this corporation
shall be the Macmillan Oil Company
incorporated, under which name and title
It shall enjoy a succession of property
and all rights privileges and immuuit.cs
granted by law unto corporations in thu
State of Louisiana, for a period OF Ninety
Nine years from date hereof. The dom
icicle of this corporation is fixed in the
City of New Iberia, Parish of Iberia
State of Louisiana.
ARTICLE II.
The purpose for which this corporation
is organized and the nature of the bust
ness to be carried on by it are declared
to be: To undertake exploration for the
purpose of discovering oil, gas or Other
minerals; to operate OIL gas or other
mineral wells or mines; to engage in he
Juying and selling Of oil, gas or other
minerals; to acquire, construct and ope
rate pipe lines, tramways, storage plants,
barge lines, loading stations and al,
things connected with or appertainiug to
the production storage, sale, disposal ana
of oil, gas or other min
erals with authority to acquire by pur-
chase, lease or otherwise such franchises
as may be necessary for or connected
with the conduct of the business here
inabove outlined and generally to do all
things necessary or incident to or con.
nected with said business in any OF its
departments.
ARTICLE III.
The capital stock Of this corporation is
fixed at One Hundred Thousand Dollars
$500 100000 divided into and represented
by One Hundred Thousand 100000
shares Of the par value Of One Dollar
each. This corporation shall be au-
.horized to commence business as soon
Is Fifty Thousand Dollars ($50000) O
IS capital stock shall have been sub
cribed and paid for. The remaining
portion Of the authorized capital stoek
nay be issued from time to time and in
UGH manner as the Board Of Directors
nay deem to be to the best interest o.
his said corporation,
ARTICLE ". /
The corporate powers of this corpora
ion shall be vested in and exercised by }
Board of Directors composed Of Seven
y stockholders, which Board shall be
lected at its annual meeting Of stock
olders Of said corporation TO be held on
he First Tuesday Of September Of each
ear. The first annual meeting Of the
aid stockholders to be held on the first
tuesday, of September 1921. Until the
rst annual meeting Of said stockholders
le Directors of this corporation are
ereby declared to be- John A. Madden,
'. H. BONN, +. w. Scully, Z. S. Fulton,
I. H. Collins, Emile Vaillemot and S. o
uckolls.
The officers of this corporation shall be
President, a Vice President, Secretary
Id Treasurer, who shall be elected from
nong the Directors on the same day as
e election of Directors, and imme-
ately following the annual election held
: the stockholders, until the election tc
held on the first Tuesday of Septem J
II 1921, the following shall be the off .
rs of this corporation, E. S. Fulton
resident; w. II. Bonin, Vice President
hn A. Madden, Secretary Treasurer. s
Any vacancy on the Board of Director
all be filled by the remaining members {
the Board Of Directors for the unex
fGQ my FdbaHIy AZ any OAl4NS c,
all be filed by the Directors for the 6
expired term.
ARTICLE v. 9
The capital stock of this corporation
~ be increased in accordance with law Z:
the sum Of One Million Dollars g
/ 900, o0ooo.) X
ARTICLE VI. z;
No stakeholder of this corporation shall &
n be held liable OF responsible for the 8
ltracts or faults Of this corporation in 9
= further sum than the unpaid balance x
e the corporation upon the stock sub q
ibed for herein; nor shall any mere 9
ormslity in the organization have the V
sct Of rendering this Charter null ard :
d, or of exposing a stockholder to any 4
oility other than herein provided.
Thus done and signed in the City OF
W iberia, Parish Of Iberia, State Of
uisiana, Ia the presence Of Messrs
o. Hugonin and K. A. Hpgonin, good
competent witnesses, who have here
% signed as such, together with said
,ssrers and me, the undersigned