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

tai stock; to carry out all Of the objects
and purposes hereinafter set out; to name
and appoint such managers and directors.
officers and agents, as the interest and
Quire; and to make and establish, as well
as alter and amend at pleasure such by
laws, rules and regulations for the man.
agement and regulation Of the AFFAIRS OF
er or convenient; and generally to do all
such acts and things as trading corpora
tions are authorized to do under the laws
of the State Of Louisiana.
ARTICLE 1.-THE domicife OF this cor
poration shall be In the Parish Of Orleans,
State Of Louisiana, and all citations or
other legal process shall be served upon
the President Of the company, or, In his
absence, upon the Vice-President.
ARTICLE III.-The objects and pur.
poses for which this corporation is or.
gained, and the nature Of the business to
be carried on by It, are hereby declared to
be: to buy, treat, refine, handle. sell and
deal in oil and petroleum products Of all
sorts; to transport and sell the same In
crude or manufactured or refined form: to
buy, sell, lease, hold and dispose Of real
maintain and operate pipe lines, buildings.
machinery and refining and manufactur-
ing plants; to own, charter and operate
tank steamships, barges, tugs and other
water craft: to carry on every sort Of bust
ness incidental to or convenient IN con-
nection with the business Of dealing In
and refining and treating oil and petroleum
products Of very kind and character; to
acquire and hold stock, bonds obligations
and securities Of other corporations; to ex-
change the entire capital stock or any
part thereof for property which 1t Is au-
thorized to acquire; to exchange Its entire
assets and business or any part thereof
for property, stocks, bonds or other obli-
cations Of other companies, firms, or IN
dividuals; to buy, sell, lease, hold. de-
velop and improve real estate OF all sorts /:
and generally to do all such acts and
things as a general trading corporation.
| under the laws Of the State Of Louisiana,
10 authorized to do.
ARTICLE Iv.-The capital stock OF this
| corporation Is hereby fixed at the sum OF
one hundred thousand (f1000O0.00) dol
thousand (1.OOoO) shares Of the par value
! Of one hundred (sl0000) dollars per share.
| The amount OF the said stock may be In
| creased to ten hundred thousand $1,000.
be binding upon the corporation unless
| made and recorded upon Its books. No
| stockholder shall have a right to trans
fer or convey any Of his or her stock In
shall have first made a written offer to
the other then STOCKHOLDERS of the corpora.
| ton, and to the corporation itself, to sell
his or her stock to them at the book value
thereof. Book Value" as used herein ID
hereby defined to mean the value at which
| the assets and liabilities of the corporation
have been in good faith entered upon fits
| books. Such written offer shall be ad.
| dressed to the other then stockholders and
| to the corporation itself, collectively, and
| shall be delivered to the office of the cor.
poration not less than ten days prior to
| the application for transfer Of the stock
The corporation shall transmit this Offer
| to the respective then stockholders, and
| the stock OF the stakeholder desiring to
sell shall be distributed pro rata among
| such Of the other stockholders as desire
hAa L.. nNAH
the holdings OF the stockholders DESTROYS
| Of purchasing bear to each other; and Il
the total which such other stockholders
desire to purchase is less than the tota
other stockholders shall have taken and
paid for the amount Of stock which he OF
she desires to buy and to which he or sh,
Is entitled, then the remainder untakeI
ton itself; and unless prohibited by law
the corporation may itself use and appl,
Its surplus earnings or accumulated profiti
to the purchase from any stakeholder de
holders stock which none Of the othe
stockholders may desire to acquire, ut tn
book value thereof; provided. that tn
corporation shall not apply any Of 1t
shall always maintain its capital unim
paired. The corporation shall have tn
right to refuse to transfer any stock q
long as the shareholder demanding tn
/ rs III any way lu0eOteQ 10 IN
corporation. and the corporation shall hav
lien. pledge and privilege on each shar
Of stock TO secure any Indebtedness du
by the shareholder to the corporation
should any Of the stock offered for sal
be not desired by the other stockholders
and should the corporation itself be un
willing or unable to purchase any Of tn
same out of its surplus earnings. within
ten days from the receipt at the corpora
tons Office OF the written offer to sell
then, and then only, shall the stockholde
desiring to sell be entitled to transfer sucl
undesired portion OF the stock to such per
son or persons, and at such price as h
or she may see 1T. The provisions Of thi
article shall be printed upon the face o
each certificate Of stock issued by the cor
poration and shall be binding upon ever,
person now, or. hereafter becoming,
tockholder in this corporation. all o
whom agree to the provisions hereof an
take such stock subject thereto; and a.
pledges, hypothecations or other incum
brances Of said stock, or dealings with re
gard thereto, shall be subject to the Pre-
| visions hereof.
| ARTICLE v.-All the powers Of this col
poration shall be vested in a Board com
| posed Of not less than five nor more tina
seven Directors. The precise number
the Directors within said limits shall b
L 6Ya6 60 txpa ~ -