The herald., 1921-07-28
CHARTER OF THE MOUNT OIL CO.,
nc

INC.
United States of America, Sta,e or Louis
lana Parish of Orleans. BE it known. that
on this 18th day Of the month of June, In
the wear of our Lord, one thousand nine
hundred and twenty one, (lS2l)' beipfe
me. Watts X. Leyerich, notary puOhc.
in and for the Parish of Orleans, state OF
Louisiana. duly commissioned and quail
fled, and in the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared, the several
persons whose names are hereunto sub
Scribed. all of the age of majority. VINO ut-
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 consu-
tute a corporation, for the objects and
purposes. and under the sipulauons here
matter set forth.
ARTICLE 1.-The name ana title OF 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 mt pleasure; to purchase, receive
lease, hold or otherwise acquire ana con-
vey.. as well as mortgage and hypOthecate
under its cOrporatg name, property, both
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 ana
appoint such managers and directors, OF
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
shall be served upon the president of the
corporation, or. in his absence, upon the
vice-president, or in his absence, upon the
secretary.
ARTICLE 1II.-The objects and pur-
poses for which this corporation is es-
tablishedl and the nature of the business
to be Carried on by it, 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 or rights in real
estate or minerals: to construct and main
tain cOnduits and lines of tubing and pip
ing for the transpOrtation<Ot natural gas
and fOr oil; tO-buy, sell, hold, lease, mort
gage, ALLEVIATE and deal in real estate of
all sorts; to drain, reclaim, cOlonize de-
velOp and improve lands; to erect build
ngs 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 (;
10 construct and operate hotels. ware
houses and general stores; to issue bonds,
mortgages and hypothecatiOns to the eX-
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 Raw
to exchange its entire capital stock, or
any part thereof, for property which IL
is authorized to acquire, or to exchange
it's 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-
feet and acquire patent rights. improve
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
| bred Thousand Dollars ($500000.O0), TO be
divided into and represented by five thOuS-
and shares $1,000 shares of par value of
| One Hundred Dollars (S100O0) 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
sumNof Five Million Dollars $4,000. 100000
| ARTICLE V.-AN powers of this cor
pOration shall be vested in and exercised
| by board of five. The Board shall elect
| from their number a President. a Vice
President, a Secretary and n 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 10 dis
pense with any office in its discretion
aud to fix the salaries of all Officers
| agents and employees. After 1926 the
Board of Directors shall be elected an
| nually on the second Monday of June Noi
| 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 (l5)
| 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. If he has not
designated an address. Each shareholder
shall be entitled to one vote for each
| 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 east shall elect. The
Board of Directors shall have the power
\ to fill all vacancies which may occur, OF
| in any manner arise or be created on the
Board of Directors, even though no quo
rum remain at the time such vacancies
are to be filled. Failure to elect directors
on the day above specified shall not dis
solve the corporation, but the directors