The herald., 1921-07-07
CHARTER.
CHARTER OF THE MOUNT OIL CO..
INC.

lana. Parish of Orleans. Be it known, that
on this 18th day of the month OF june IN
the year of our Lord, one thousand. nine
hundred and twenty-on (1921), BEFORE
me- Watts X. Leverich, notary puOhc
in and for the Parish Of Orleans state OF
Louisiana. duly commissioned ana quar-
fed and in the presence OF the witnesses
hereinafter named and undersigned per,
sonally came and appeared, the several
persons whose names are hereunto SUI
scribed, all of the age OF majority. VINO ue-
clared that, availing themselves OF the pro-
visions Of the laws of this State relative TO
the organization of corporations, they
hereby form themselves into and constr
tute a corporation, for the objects ana
purposes, and under the supulatlohs heIe-
matter set forth.
ARTICLE 1.-The name and title o. this
corporation shall be MOUNT OIL CO,
INC, and under its corporate name IL
shall enjoy succession for the term ana
period of ninety nine years from ana al
ter the date hereof and shall have power
and authority to contract, sue and be sued,
to accept and receive mortgages, pledges
or other hypothecatiOns; to make use a
corporate seal, and the same TO break ana
alter at pleasure; to purchase receive,
lease, hold or otherwise acquire and con-
vey, as well as mortgage ana hypotnecate'
under its corporate name, property, poth
real, personal and mixed; to borrow mon
ey and make and issue bonds and other
evidences of debt, and to secure the same
by mortgage or otherwise; to name and
appoint suCn managers anu ulTetlOrs, u
ficers and agents as the interest and con-
yenience of said corporation may require,
and to make and establish, as well as
alter and amend at pleasure, such bylaws
rules and regulations for the management
and regulation of the affairs of the cor
poration as may be necessary, proper, or
convenient.
ARTICLE 1.-THE domicile Of this cor
poration shall be the City of New Orleans,
and all citations or other legal process
Ghal ha ha of fha
corporation, or, in his absence, upon the
vice-president, or in his absence, upon the
secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation is es-
tablfshed, and the nature of the business
to be carried on by IL, are declared and
specified to be: To mine dig and drill
for, or otherwise obtain from the earth,
oil, gas. sulphur, salt and other minerals;
TO manufacture refine, prepare for market,
buy and sell and transport the same in
the crude or refined condition; to acquire
for those purposes oil. gas, sulphur, salt,
coal and other mineral lands and lease
holds and other interests rights in real
estate or minerals; to construct and main
tain conduits and lines of tubing and pip
Ing for the transportation of natural gas
and /or oil; to buy, sell, hold, lease, mort
gage, ALLEVIATE and deal in real estate of
all sorts; to drain, reclaim, COLOMBO, de-
yelop and improve lands; to erect build
ings and other structures. and to operate,
lease, or otherwise handle them and deal
therein; to construct, acquire, maintain
and operate all railroads, tramways, tele-
graph and telephone lines, canals. water
ways, boats and other means of trans
portation necessary or convenient in pro-
scouting the business of the Company;
TO construct and operate hotels, ware
houses and general stores; to issue bonds
mortgages and hypothecations to the en-.
tent necessary or proper for its business
to acquire, and hold. sell. cucumber or
dispose Of stocks and bonds of other
companies to the extent permitted by law:
10 exchange its entire capital stock, or
any part thereof, for property which it
is authorized to acquire, or to exchange
Its entire assets and business, or any part
thereof, for property, stocks, bonds or
other obligations of other companies; to
hold stock in other corporations; to per-
rect and acquire patent rights, improve
ments or processes; and to do and trans
act all business properly connected with,
incidental or convenient to any of the said
obligations and purposes.
ARTICLE Iv-The capital stock Of this
corporation is hereby fixed at Five Hun
dred Thousand Dollars $500. 000.00), to be
divided into and represented by five thous-
and shares t5,0OO) shares of a par value of
One Hundred Dollars (S100.0O) each, which
shall be paid for in cash, or may be is
sued for property actually received by the
corporation. or for services rendered. This
capital stock may be increased up to the
sum of Five Million Dollars 5000, 100000
ARTICLE VAN powers of this cor
poration shall be vested in and exercised
by board of five. The Board shall elect
from their number a President, Vice
President, Secretary and a Treasurer,
and such other officers as they may think
proper or convenient for the carrying on
Of the company's business, and shall have
power to unit two or more offices, and the
same to confer upon one person, or to dis
pense with any office in its discretion,
and to fix the salaries Of all officers,
&c md NIL h.
Board Of Directors shall be elected an
nually on the second Monday of June of
each year. the first election to be held in
the year 1927. All such elections shall be
by ballot at the office Of the corporation.
Notice Of annual meetings, as well as Of
special meetings Of stockholders shall be
given by written notice mailed fifteen (15)
days in advance of the date of such meet
ing to each stakeholder appearing as such
on the, books Of the company, at his last
designated address, or at the General De-
livery at New Orleans, La IL he has not
designated an address. Each shareholder
share Of stock standing in his name on
the books Of the company, said vote to be
cast in person or by proxy, and major
ity of the votes cast shall elect. The
Board of Directors shall have the power
TO fill all vacancies which may occur, or
In any manner arise or be created on the
Board Of Directors, even though no quo
rum remain at the time such vacancies
on the day above specified shall not dis
solve the corporation, but the directors
then In office shall remain in office until
their successors are elected. The Board
of Directors shall have power to make
and establish, as well as alter and amend
all Bylaws. rules and regulations neces-
sary aNd. proper for the support and man.
ageX the affairs and business of the
CO and not inconsistent with its
The board shall have power
referring to the stockholders, by
fmative vote Of two thirds of the
directors, to borrow money, execute
tgages, issue notes, pledges bonds or
ger obligations, in such amounts and
IN such terms as in their judgement may
Hbe advantageous; and generally to do all
things reasonably necessary or convenient
of the corporation; and they are espec-
tally authorized to issue and deliver full
paid shares Of stock and bonds or obliga-
tions OF the company, in payment of prop
erty acquired by said corporation, and
especially for the whole or any part of
the leases now held by Charles A. Poir-
son. at such valuation as in their judge
directors shall constitute a quorum for
the transaction of business. The Board |
of Directors shall have the power, by a |
vote of not less than two-thirds of all |
directors, to sell all or any part of the |
property, movable and immovable, belong |
Ing to the corporation, or to receive in |
exchange therefor money or stocks or
dfvfdual, firm or corporation. of any char |
acter without referring to the sharehold- |
ers for power to do So At any meeting of |
the Board Of Directors, any directors alb |
annual meeting Of 1927, or unless changed |
sent from the meeting may be represented |