The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER OF KEATOS OIL 4 DRILL
ING COMPANY, INCORPORATED

CHARTER OF KEATOS OIL DRILL
ING COMPANY, INCORPORATED.
United States of America State OF
Louisiana, Parish of orleans. De
known. that on this twenty-second day OF
the month of June, in the year OF our
Lord one thousand nine hundred ana
twenty one (192D, and of the Independence
of the United States of America, the one
hundred and forthwith Q45th); before
me Henry Leon Sarpy a Notary PUBIC
duly commissioned and qualified Tor the
Parish of Orleans, state or Loulslana' anu
in the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared: the several persons whose
names are hereuntO subscribed, who de-
clared that, availing themselves OF the
laws of this State relative to the orgah-
zation of corporations, they have cove
nanted and agreed and do by these pres
ents covenant agree bind. form and or
ganiZe themselves, as well as such otner
persons who may hereafter JOIN or pc
come associated with them. into corpora
ton or body polite in law, Tor the oo-
jects and purposes and under the stlpula-
lions and agreements following, to-wit:
ARTICLE 1.-The name and title OF
this corporation shall be: keaton Oh
and Drilling Company Incorporated, and
under its corporate name Ii shall enjoy
succession for the full term of ninety
nine 900 years from and after the date
hereof; and it shall have power and au-
thority to contract, sue and be SUED IN
its corporate name; to accept and receive
mortgages. pledges or other hypotheca-
lions: TO make and use a corporate seal
and the same to break and alter at pleas
ure; to purchase, receive. lease, hold or
otherwise acquire and convey, as wei as
mortgage and hypotheeate under ITS cor,
pOrate name, property, real, personal ana
mixed: to borrow money and issue bonds
and other evidences of debt, and to secure
the same by mortgage and otherwise; to
subscribe TO and hold stock in other cor
pOrations: to acquire. hold and reissue
shares of its capital stock; to carry out
all OF the objects and purposes herein
after named; to name and appoint such
managers and directors, officers and
agents, as the interest of the corporation
will require; to make and establish, as well
as amend and alter at pleasure such by
laws. rules and regulations for the proper
management and regulation OF its affairs
and generally to do all acts permitted
trading corporations to do under the laws
of the State of Louisiana.
ARTICLE 1.-THE domicile OF this cor
poratiOn shall he the City of New Orleans,
Parish of Orleans. State of Louisiana
and all citations or other legal process
shall he served upon said corporation
through its President. or, in his absence,
upon the Vice President, and in the alb
sence of both, upon the Secretary-Tres-
urer.
ARTICLE III.-The objects and pur-
poses for which this corporation is orga-
nized and the nature of the business to be
carried on by it. are declared to be: To
carry on and conduct general oil well
drilling and development business; to ex-
plore by geological surveys and drilling
operations any lands within or without
the State of Louisiana; to buy sell and
hold oil concessions, royalties and leases
to own and operate drilling machinery
and equipment. in whole or in part, with
or without drilling machinery and equip
ment at any time or place within or with
out the State of Louisiana; to refine, ship,
transport and market petroleum or its
by-products; to lay pipes for oil transpor-
tatiOn purposes; to erect distributing sta
tons and act as purchasing agents for
oils of all kinds derived from reductions
Of crude oil; to receive and market the
same: to erect and operate or sell such
| distributing plants to others for distri-
buting oils by sale; to operate tank
wagons and to pack oils in containers and
all manner of receptacles for distributing
oils by marketing them; to refine, alter
and sell petroleum and its by-products. To
acquire gas and oil lands and other inter
ests in real estate and gas, oil and other
| rights: to own and operate tanks and
| tank cars to handle, transport and dis
pose of oil or gas for the use of the
public in general as well as its own use
| to transport such oil and gas by means
| of such pipes. tank cars. or otherwise. and
| to sell and supply the same to others
| such business as Is properly connected
| with or related to any or all Of the OBJ
jects and purposes for which this corpora
| ton is formed.
ARTICLE Iv.-The Capital Stock Of
this corporation is fix at Twenty Two
and represented by Two Hundred (200)
shares Of Preferred or Guaranteed stock
of the par value of One Hundred Dollars
| (s1o0.O0) each, and two hundred (2OO)
1 hn ~ n.ds 81
the par value of Ten Dollars $4,000 each
The amounta of said Capital Stock may
be increased to One Hundred Thousand
Dollars (S100OOo.OO), in the same proper
ton Of Preferred and Common Stock as
at present, and at not less than the pres
ent par value. No transfer of stock shall
be binding on the corporation unless made
and recorded on its books.
No stakeholder shall transfer or convey
| his stock in the corporation unless and
until he has first offered it, in writing
to the other then stockholders and to the
| corporation itself, at the book value there
Of. BY Book Value" is meant the accu
rate and faithful valuation of the assets
upon its books. Such written offer shall
| be addressed to said stockholders and the
| corporation itself and ii shall be delivered
| to the office of the corporation within ter
full days of the time that the application
| for the transfer Of the stock is made. The
corporation shall transmit the offer t.
| the stockholders Of record, and such stocl
so offered shall be distributed pro rats
among - stockholders who may desire
to purchase, In proportion to the stocl
they already own; and If the aggregate
amount which such other stockholders will
purchase Is less than that offered then the
remainder untaken may be purchased by
the corporation and, except as otherwise
provided In this charter the corporation
may use its surplus earnings or profits IL
| the purchase of such stock but the cor
poration shall at no time use any part OF
Its capital stock for such purpose, but
on the contrary 1t shall at all times main.
tain its capital stock intact The cor.
poration may refuse to transfer stool
when the shareholder asking for the trans
fer is at all indebted to the corporation
Whenever the stock Offered. in the man.
L harQinahnra nrnridnd L. l..