The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-08
CHARTER.

ARTICLE 1.-THE objects and purposes |
for which this corporation is organized are
hereby declared to be: ,,,,.
CAD To refine market and distrtoG.e
crude oil, or petroleum, and all OF us
products to locate, purchase lease Vi
otherwise acquire ana 10 sen IloI
or otherwise dispose OF lanus cOhtdi,ins
or believed to contain petroleum, OH Ot
Datnrai gas or either of them, and 10 /
drill or prospect for or produce Tue saii.
to purchase. lease or otherwise dSquii.'
snd to sell mortgage or otherwise uiePo1
of deyelopcd or producing oil ana gag
nronartios or the products of such oil or |
ras Droperties: to purchase, produce; r.
fine. sell and distribute petroleum anu a..
of the products and by-productS thereol
70 huy sell or otherwise dispose OF, ana
n.nnfacture All kinds of Illuminating
burning and heating oils, ana SaSoiinSS;;
naptha lubricants. greaSes, wakes ana al
other products and by-products OF pc
trOleum; 10 act as broNer OF Hs'H' A''
others in all OF said acts.
M To carry on the business OF stor-
ing drilling or prospecting TOT. minus
producing. refining. manufacturing, PIP
ing buying and selling petroleum. hatuIdi
and artificial gas, casing head gasoline,
naphta. and any and all other products
and by-prOducts thereof. -,
(o TO acquire. own, enter or lease
mines and mineral lands OF every hihu'
nature and description; also 10 acquire,
own enter. lease, sell. ASSIGN transfer oI
otherwise dispose of mill sites. "atcE
rights and terminal facilities 10 wore;
PROSPECT or develop mines ana hlutId
lands of every nature or description rltheI
for itself or other companies. corporations
or individuals. upon such terms anu lo5
such remuneration aS II Shall deem III anu
proper and TO accept, take and hold mlu
rral lands and claims of every klnd anu
nature. either rs an entirety or any por-
tiOn thereof.
CD TO build. construct. equip. main
tain own. control. lease or otherwise &C
uUirr ana to operate all necessary TANKS
tank cars. pipes and pipe lines. compress
SorS separating plants, rehnerieS, bulld-
ingS and warehouses. and the necessary
fixtures and equipment th"reunto Ohtalh-
ing and other and all means OF r'hnihg'
storing. saving. conveying, Transporting
exporting or marketing petroleum, OIL ana
gas. or the crude or refined products OF
either. and to do any and all other acts
and Things necessary as broker or agent
in III, marketing or sal" OF petroleum pro
duets. property or its allied lines.
(rI To acquire. own and operate Such
machinery apparatus and appliances as
NAV be necessary. proper or lhclhenIal
to the mining production and develop
mpnt of lands for petroleum oil. natural
gas and other minerals, or for any OF the
purposes for which this corporation Is or
gained.
an TO manufacture erect, build, fur
nish construct. hold, own, operate export
| import lease. rent. hire. buy, sell and gen
| orally deal in as principal, agent or rae
| tor for others, all kinds of petroleum
| DroductS gas gasoline. explosive. steam
| and all other kinds OF engines, all kinds of
| dynamOS. generators, pumps and any ana
all kinds of mechanical apparatus for
whatever purpose employed.
| Cro To contract for. build, buy, sell,
own and operate all necessary mills. smell
| ters. roads railroads, spur tracks. tram
| ways, loading racks. bitches, fumes.
pumps pumping plants of any Kind or
| kinds whatsoever. casing head gas plants
| 4 no
| verting casing head gas into gasoline or
| other products, and such other property
| as shall be- hit and necessary in carrying
| out the objects herein stated.
;h) To manufacture, purchase or
| otherwise acquire. own, mortgage. pledge,
| sell, assign and transfer, or otherwise dis
| pose of. to invest, trade. deal In ana deal
| with. goods. wares and merchandise ana
| real and personal property or every class
and description.
III To acquire. and pay for in cash
| stock or bonds of this corporation OF
| otherwise. the good WILL rights, assets
| and property, and to undertake or as
sumo che whole or any part of the Obliga
tionS or liabilities of any person, firm, as
SOCiatiOn or corporation.
CD To acquire. hold, use. SELL assign
lease. grant licenses in respect of, mort
gage or otherwise dispose of letters patent
of the United States or any foreign coun
try. patent rights. licenses and privileges
inventions. improvements and processes
|
relating to or useful in connection witt
| any business of this corporation.
m To guarantee. purchase, hold, sell
assign. transfer. mortgage. pledge or other
wise dispose of shares of the capltal stoci
| of or any bonds. securities or evidence o
Indebtedness created by any other corpOr
alton or corporations organized under tn
! | laws of this State or any other state
, country, nation or government ana VIM
: the owner thereof TO exercise all the rights
| powers and privileges of ownership.
Cd To issue bonds. debentures or oh
! | legations of this corporation from time Z
time, for any of the objects or purposes o
: the corporation. and to secure the same b.
mortgage. pledge. deed of trust, or other
: wise.
Cm) To purchase. hold. sell and trans
fer the shares of its own capital stock
provided il shall not use its funds o
property or the purchase of its ow
y shares of capital stock when such us
, would cause any impairment of its cap
ital; and provided further that shares Q
its own capital stock belonging to
shall not be voted upon directly or ind
4 rectly.
mi To have one or more Offices, I
: carry on all or any of its operations an
a business and without restriction or linn
: as to amount to purchase or otherwise az
u quire. hold. own, mortgage, sell, CONVEX
or otherwise dispose of real and person;
property of every class and description
; any of the States, districts, territories @
!, and all foreign countries, subject TO tn
u laws of such State, district, territory, co
: | ony or country.
e (o) In general. to carry on any oths
3 business in connection with the foregoing
| whether manufacturing or otherwise, an
!, to have and exercise all the powers col
ferred by the laws of Louisiana upon 60
: porations formed under the act hereil
a after referred to. and to do any or all
n the things hereinbefore set forth to Il
same extent as natural persons might
:, could do.
Al M The foregoing clauses shall be col
strued both as objects and powers; an
= il is hereby expressly provided that u
D foregoing enumeration of SPECIFIC powe
: shall not be held to limit or restrict
any manner the powers OF this corpor
ton.
ARTICLE III.-The amount of the CAP
y tai stock of this corporation is heret
- fixed at one million dollars, represent
by 100000 shares Of stock at the p
~ value of one dollar each. Said stock sh:
~ be paid for in cash, or given at par
., payment for property actually recelv
rs by said corporation. The shares of sto
u shall be transferable only on the books
the corporation and must be signed
:" the President or Vice President and I
y. Secretary, and no transfer OF STOCK sni
!! be binding or have any effect upon III
=, cOrporation, unless and until made up
~ the books. No stakeholder shall be llat
s for any further sum than the amount
% his subscription, the capital stock OF q
's corporation may be increased 10 TWO IN
- lion dollars or any portion thereof.
w. ARTICLE Iv.-The domicile of this &C
poration shall be in the City of New I
iaanS state of Louisiana All citatiO