The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER.


er for any Of the businesses of the cOrpOr
alton, in any part OF the world. and per
sOnal property and rights, and privileges
therein, suitable or convenient for any OF
tn. businesses of the corporation. and 10
acquire, take. hold, own, construct, WORK,
improve, manage and operate ana 10 ala
and subscribe towards the acquisition con-
struction or improvement of oil wells, gas
wells, rehneries. manufactures, pipe lines.
tanks, cars. piers, wharyes, steam ana
other vessels. for land and water transport
tation, and any other works, property or
appliances which may appertain 10 or De
useful in the conduct of any OF the bust
nesSes of the corporation. but only to the
extent authorized by the laws of the State
of Louisiana.
IL. To acquire by purchase. subscrip-
ton, or otherwise. and TO hold. sell, as
sign, transfer, exchange, mortgage, pledge
or otherwise dispose of, any shares OF
the capital stock. bonds or other
evidences Of indebtedness or any other
corporation or corporations, association or
associations, domestic or foreign, engaged
in any business in which this corporation
may be authorized TO engage, or the own
ership OF whose securities would be ad-
vantageouS or convenient in the protection
or promotion Of any of the purposes OF
this corporation, but only to the extent
authorized by the laws OF the state OF
Louisiana.
- To improve, manage, develop. sell,
assign, transfer. lease. mortgage, pledge.
or otherwise dispose Of or turn to account
or deal with all or any part OF the prop
erty of the company and from time 10 time
to vary any Investment or employment OF
capital OF the company.
l3. To borrow money and 20 make and
issue bonds debentures and obligations
and evidences of indebtedness OF ALI kinds
whether secured by mortgage, pledge or
! otherwise within the limit as to amount.
! provided by law, and to secure the same
I by mortgage. pledge or otherwise. ana gen
{ orally to make and perform agreements
| and contracts of every kind and descrlp-
/ ton.
! Il. To apply for. obtain. register. pur-
! chase lease or otherwise to acquire, and
/ TO hold own, use. develop, operate ana
/ introduce. and to sell. assign. grant licenses
/ or territorial rights in respect to, or other
| wise 10 turn to account or dispose or any
! copyrights trademarks. brands, labels
/ patent rights, letters patent or the hteu
! States or of any other country or govern
ment. inventions, improvements ana pro-
| cpSseS whether used In connection with OF
secured under letters patent or otherwls"
! which may seem capable OF being used Tor
any of the purposes OF the corporation
Is. To carry out all or any part of the
! foregoing objects as principal. factor
agent, contractor, or otherwise. either alone
or in conjunction with any person. firm
association or corporation, and in any part
of the world and in carrying on its busl
ness. and for the purpose or attaining oil
! perform such contracts of any kind anc
description. to do such acts and things
and to exercise any and all such powtr'
As a natural person could lawfully make
perform do or exercise, provided the same
be not inconsistent with the laws undel
which this corporation is organized.
l6 The business or purpose of the com
pany is from time 10 time TO do any on
or more of the acts and things herein
above set forth. and IL shall have power u
conduct and carry on its said business. o.
any part thereof and to have one or NOR
offices. and to exercise all or any or II
corporate powers and rights. in the star
of Louisiana, and in the various othe
states territories. colonies and dependen
cies of the United States, in the Dlstrlc
~ Columbia and In all or any foreigl
countries.
ARTICLE IU.-The location and domi
! Gle of this corporation shall pc III IN
City of New Orleans, in the Parish OF UT
Loans and State of Louisiana. where 81
| the meetings of the stockholders and direc
tors OF this corporation must De heiu
nroyidpd however. that with the write
/ consent of all Of the directors OF TINS cor
narration valid meetings of the director
! of this corporation may be held outsld
the State of Louisiana or within the S.at
Of Louisiana elsewhere thah AT the uoii'
ellie of this corporation.
ARTICLE Iy.-The capital stock OF thi
corporation l. hereby fixed and declare
70 be AT the sum of one million dollar
. Isl 900, OOO), which may be increased to nv
, million dollars ($5,OOOOOO). SAID capitS
stock is divided into forty thousand tio
OOO shares of the par value OF twenty-ns
= dollars $4,000 each. to be paid for as IN
e law provides. or sooner. at the GlScre'I9
of the Board of Directors, when sal
stock shall be paid for in cash, or u
same NAV be issued at not less than pt
: in payment or exchange for property righ,
I actually received or purchased py sal
y | corporation in accordance Win law,
rAH IN
| tion at such time and under such tern
! and conditions not inconsistent with lay
. as the Board of Directors may prescrlO
= ANY stakeholder may sell. assign, or tran
n fer his stock in this corporation provide
y thirty days prior notice OF such lntel
: ton to sell assign or transfer the san
y be given to this corporation, ana the Boar
g of Directors of this corporation shalI ma
: the first privilege of purchasing Tor IN
!. | corporation the said stock; ana IN u
y event of the Board of Directors refusiL
!, or neglecting such option TO purchase u
: said stock within the time Limited III IN sd sd
70 notice then and in such case the sa
stock may be sold in the open market
L. The stock Of this corporation may
- transferred under the above condltlor
= provided such transfer thereof be ma
- on the books of this corporation ana up
% the surrender of the certificate therefor.
Q. ARTICLE v.-All the powers of sd
4 corporation shall be vested IN Inu
% three (3) members Of said Board sh'
in constitute a quorum for the transaction
= business and their decisions shall De val
- corporate acts. The names and poston
g. addresses of the Directors for the hrst We
who shall serve until their successors
=. elected and qualified are as follow
I, Charles E. Smith. 1912 Carr0llton Avenl
sc New Orleans, La; James K. Bagley, 2
r General Pershing ST.. New Orleans, II
Or lanes T. Prevail, 1910 st. Andrew !
s. New Orleans, La; Richard 7. MrBri'
p 4IoO Daneel St, New Orleans, La; Cleo
n, NJ. Keenan,. 821 Elmira Ave-, New Orlea
10 La. Said Board of Directors shall &C
!, tinue in Office until the second Tuesday
81 the month of January, 1922. on which al
no and annually thereafter their success
ne shall be elected, unless the same De
!, holiday, when the election shall be N
II, IL on the next legal day thereafter.
On Failure from any cause whatever to ell
or Directors on the day named for that p,
he nose shall not dissolve the corporation,
ts | the Directors then in Office, as well as
nd officers of said corporation, shall hold o.
on until their successors are chosen.
ct, At every election and meeting, 81
ps stakeholder shall be entitled TO vote
each share of stock registered In his nal
oe either In person or by written proxy.
ass The election of Directors shall be
re. ballot. and the majority in the amount
PISS votes cast each share OF stock voted vi
raj being counted as one vote, shall elect
Dp. Derson or persons for whom they II
ace been cast.
er- -. -. o,ootion tha Roard of Dir
all 80 shall elect from their own mum
n