The herald., 1920-04-15
CHARTER.


ern Oil and Refining Company, Inc.
ARTICLE 1.-THE objects and purposes
for which this corporation is organized are
hereby declared to be:
(m Ts refine, market and distribute
crude oil. or petroleum, and all OIL us
products; to locate, purchase' iedse VI
otherwise acquire and to sell, mortgage
or otherwise dispose Of LANDS cOhlaiulhs
or believed to contain petroleum. on %
natural gas or either of them, ana u
drill or prospect for or produce the Same
to purchase, lease or otherwise acquire,
and to sell, mortgage or otherwise uiSPuN
Of developed or producing OIL anu E1o
propprticS or the products of Such OIL OF
gas properties: to purchase. produce; re-
fine. sell and distribute petroleum anu an
of the products aud by-productS thereol
to buy sell or otherwise dispose or anu
manufacture all kinds of illumlnatlhS'
burning and haating oils. and gasoline.
nartha lubricants, greaSes, wakes ana all
other products and by-prOducts OF pc
troeum: to act as broker or agent ior
others in all of said acts.
M To carry on the business of stOr-
ing drilling or prospecting for. mining
producing. refining. manufacturers PIP,
in: buying and selling petroleum, natural
and artificial gas, casing head gaSOilh',
naphta, and any and all other products
and by-prOductS thereof.
(cD To acquire, own. enter or itaSr
mines and mineral lands of every hlnd.
nature and description; also 10 acquire
II,
otherwise dispose of mill sites, water
rights and terminal facilities; to work,
prospect or develop mines ana mlneraI
lands of every nature or description, elther
for itself or other companies. corporations
or individuals. upon such terms ana Tor
such remuneration as Il shall deem nj ana
proper and to accept, take and hold min,
eral lands and claims of every KIND anu
nature, either as an entirety or any pOF-
ton thereof
(d) To build. construct equip. main
tain. own control lease or otherwise ac-
uuire, and to operate all necessary tanks
tank cars pipes and pipe lines, compress
SoTs separating plants, reinerleS, build
iugs and warehouses, and the necessary
fixtures and equipment thereunto obtain
ing and other and all means or rehnlnS,
storing. saving. conveying, Transporting.
exporting or marketing petroleum, oil and
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 ,hc marketing or sale of petroleum pro-
ducts. property or its allied lines.
Cel To acquire, own and operate such
machinery. apparatus and appliances as
NAV he necessary, proper or incidental
to the mining, production and develop
ment of lands for petroleum oil, natural
gas and other minerals, or for any of the
| purposes for which this corporation Is or
! gained.
90 To manufacture. erect, build, fur
| niSh. construct, hold, own, operate. export,
| import, lease, rent, nlTt. buA, Stil anu S'h-
orally deal in as principal. agent or fac
! tor for others, all kinds of petroleum
| products. gas, gasoline. explosive. steam
and all other kinds of engines, all kinds of
| dynamoS. generators, pumps and any and
| all kinds of mechanical apparatus for
| whatever purpose employed.
Cg) To contract for, build, buy, sell,
| own and operate all necessary mills. smell
tiers, roads, railroads. spur tracks, tram
| ways, loading racks. bitches, fumes,
| pumps. pumping plants of any Kind or
| kinds whatsoever, casing head gas plants
and compressorS for the purpose of con-
verting casing head gas into gasoline or
| other products, and such other property
aS shall be MT and necessary in carrying
| out the objects herein stated.
| III To manufacture. purchase or
| otherwise acquire. own, mortgage, pledge
| sell. assign and transfer, or otherwise dis
pose Of 10 invest. trade, deal in aud deal
| with. goods. wares and merchandise and
real aud personal property of every class
! and description.
W 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 :he whole or any part of the Obliga
| tons 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 ana privileges
| inventions, improvements and processes
| copyrights. trade marks and trade names
| relating to or useful in connection will
any business of this corporation.
~ To guarantee, purchase, hold. sell
assign, transfer. mortgage, pledge or other
| wise dispose Of shares of the capital stool
of. or any bonds. securities or evidence o
Indebtedness created by any other corpor
4 alton or corporations organized under tn
laws of this State or any other State
| Government
the owner thereof to exercise all the rights
powers and privileges of ownership.
/ CD To issue bonds, debentures or OBJ
legations of this corporation from time t
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.
(m) 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 owl
shares of capital stock when such us
would canse any impairment of its cap
ital; and provided further that shares o
its own capital stock belonging to 1
shall not be voted upon directly or indi
rectly.
mi To have one or more Offices, L
carry on all or any of its operations an,
business and without restriction or limi
as to amount to purchase or otherwise &C
quire. hold. own, mortgage, sell, convey
or otherwise dispose of real and persona
property of every class and description Il
any of the States, districts, territories o
colonies of the United States. and in an
, and all foreign countries, subject to tn
laws of such State, district, territory, col
ony or country.
(0) In general. to carry on any Othe
business in connection with the foregoing
whether manufacturing or otherwise, an
to have and exercise all the powers con
, | ferred by the laws of Louisiana upon COZ
! porationS formed under the act herein
, after referred to, and to do any or all O
the things hereinbefOre set forth to tn
same extent as natural persons might o
| could do.
(p) The foregoing clauses shall be con
strued both as objects and powers; an
il il hereby expressly provided that tn
; foregoing enumeration of specific power
shall not be held to limit or restrict 1
any manner the powers of this corpora
ton.
ARTICLE III.-The amount of the cap
tai stock of this corporation { is hereb
fixed at one million dollars, represente
, by 100000 shares of stock at the pa
! value Of one dollar each. Said stock sha
be paid for in cash, or given at par 1
| payment for property actually receive
by said corporation. The shares of stoc
shall be transferable only on the books {
, the corporation and must be signed b
the President or Vice President and tn
Secretary, and no transfer of stock sha
be binding or have any effect upon thi
; corporation, unless and until made upo
the books. No stakeholder shall be lab
for any further sum than the amount {
n his subscription, the capital stock OF tn
corporation may be increased to two mi
lion dollars. or any portion thereof.
ARTICLE IV.-The domicile of this COZ
I'LL ha in hn