The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-10
SOL. WEISS.
CHARTER OF TULANE OIL LAND AND
IMPROVEMENT COMPANY. INC.

IMPROVEMENT COMPANY, INC.
United States of America. State of Lou
iNiana. Parish of Orleans. City of New
orleans. II" IL known. Kat on this 3lSt
day of the month of May. in the year of
our Lord. on" thousand nine hundred and
twenty. and of the independence of the
I nlted states of America. the one hun
dr"d and fOrty-fOurth, before me. Edward
Alexander Parsons. Il notary public in
and for the parish Of Orleans state Of
Louisiana. duly commissioned and 0uali-
tled. and in the presence of the witnesses
| hereinafter named and undersigned. pcr-
Sonally came and appeared the persons
whose names are hereuntO subscribed and
who declared that availing themselves of
the provisions of the general laws of the
| state of Louisiana. relative To the organ
| lZatlon OF corporations. they have cove
| hant"d and agreed. and do by these pres
ehtS, covenant and agree and bind. form
and constitute themSe as well as Such
other persons rs may hereafter join or be
| come associated with them. into an as
ISOLATION and body polite in law for the
OBJECTS and purposes and under the agree
mentS and stipulationS hereinafter set
forth:
ARTICLE 1.-The name. style and title
OF this corporation shall be: Tulane oil
! Land and Improvement COMPANY Inc ="
ana under that name il shall have and
ENJOY all the rights privileges adyan-
tageS. power and authority. conferred by
me constitution and laws of the state of
| Louisiana upon corporations. 1t shall eX-
! list for period of nnpty-nine wears nm
| less otherwise dissolved
II shall have the power and authority
| III MS corporate name, to contract. to sue
/ ana be sued: to make and use a corporate
seal the same to break. alter or amend
AT pleasure, TO buy and sell. to hold own
lease. mortgage. hypOthecate and pledge
property real. personal and mixed. neces-
! SdF!, lhcldental TO or proper for the ear
rying on of its business. and to name
elect and appoint managers directors and
| clerks or other employees to properIy con
duct Its corporate business and TO make
! such bylaws. rules and regulations as
may be found necessary or desirable for
the management of this corporation and
| generally TO do every other act matter or
| thlng. necessary for the complete and
proper carrying on of said business
ARTICLE 1.-THE domicile of this cor
pOration is hereby declared to be i'm the
Ilty OF New Orleans. state of Louisiana
MI citation and other legal process shall
DE served upOn the president and in the
absence OF the president, upon the vice
president, and in the absence of both of
them' upon the secretary treasurer of the
corporation.
ARTICLE III-The objects and mr.
poses for which this corporation is or
ganized. and the nature of the business TO
DE- carried on by it are hereby declared
to be:
To acquire. own, buy. lease. sell mor,-
gage hypOthecate and pledge property.
reai, personal and mixed, and particuIar-
~ 10 develop mineral, oil and gas lands
IN the state OF Louisiana, other states of
the United States of America and for
elgn countries, and generally to do and
engage In any business. enterprise or nm |
dertaklng connected with, growing ont of |
Incidental or germane TO any of the OBJ |
Jects and purposes set forth in or CON |
templated by this charter
akllCLE lN.-The capital stock of this
corporation Is fixed at the sum of twenty.
ilNe thousand (S25,OOO.OO) dollars divided
lnt1 TWO hundred fifty shares of $4,000
each. Said stock shall be represented nv
certlflcates of stock, signed ry the presi
ueht ana the secretary treasurer and in
the absence or inability to act of tho
president, by the vice-president Said
stock shall be issued at such times and On
such amounts. for such price and nnon
Sucn terms and conditions as the hoard
OF directors may see fit and proner and
snail S be paid for in cash or its equiya-
tent in property, as the board Of dire |
tors may decide. All shares shall bo fn,I
pald and non assessable. Said stock shall
ne transferable only on the books Of tho
company, and on the surrender or dne
p'S"i Oh loss OF the original certificate.
~ s'ockholder shall have the right TO
sell or otherwise dispose of his stock I'm
inns corporation without first offaring
same 10 the corporation at the hook yaIm7
as az thereof, as determined by the books
hpdH!. ana This cOrDOratiOn Is
authorized to purchase said stool ot -
pook valuation for the benefit of the other
of the corporation
ne capltal stock may be Increased 70
lars. W'''o'o'VoJ uoi- ,
ahIlCLE N.-This corporation shall he !
81 BUSINESS ana be going concern as {
, as one half of its capital stock shall c
nane Deeh subscribed and as soon as ono a
nan the amount of said subscrintion no. q
been paid for ip'ion mas :
ARTICLE EI.-All the corporate nou- I
rIs vi this corporation shall be vested d
h m anu .he ihanagement and control of its q
NJ diros. anu aIlalrs conducted by a board a
"a directors, composed of seven stock a
holders four of whom shall constitute a b
iuoIum no member of said board To own v
" subscribe for less than one share Of [
LII, salu directors shall be elected by
oaiiol Ut a general meeting of the stock n
nOiaers on the second Monday of Mo- | .
IS-l, ana annually thereafter on that 10
very stockholder shall be entitled. in nar !;
III vi oy proxy, to one vote for eyervl !
mare OF stock owned by him. All elac
ions shall be held under sncb rnIas ~ ~,
tsuiauohs as may be determined nv said c
,oard OF directors. Ten DAYS written no n
zee, directed to the last known address Of D
elections SVEN vi ali O
Inc directors thus elected shall CON. a
=, ,nuv III Office until the second Monday p
- - nay, W., or until their successors
- "a'e peen erected and qualified any | G.
allure TO elect officers or directors shall 81
i ba r, pe considered as forfeiture of this p
narler, ANY vacancy occurring in tbo | 81
'oard OF directors shall be filled nv the 81
ERIN; majority of the STOCKHOLDERS NJ u
neeung shall constitute a Quorum for The m
rSnsaction of any business. ~" d
Said board of directors shall. Mt its f;rs, h
neeung after its election. elect ont os ;,s cl
WI members president, n vice nresio OF
ent ana secretary treasurer: and so;d Ii
, Oaru shaII have the power in its discra-
ION 10 unite two or more Officers. The er
ame TO confer upon one person saIS al
. oar9 snail have the power to apnoin, anS bl
mpioyees as they may deem advisa anu ST
"u 10 TX their compensation. Ia
oa9 board of directors is Snoo,ou.. n,
ested with the power and autbnr;tr n,
lor.sage or pledge the propertv ,sai IT
,eS SoI mar and mixed of the corporation as 10
~ may deem fit and proper; 70 nnr' co
n nase; ;, noId, own. mortgage, pledge lease W
nrmp proved, city or country: To eIacnta N
r1sg issue notes. bonds and otbee ST
'aaence or debt, and to borrow and lend