The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21


United States of America. Stare OF Louis
lana. Parish of Orleans. Be 1t known, that
on this 18th day of the month of June in
the year Of our Lord, one thousand nine
hundred and twenty-one, (192D, Before
me, Watts X. Leverich. a notary public,
in and for the Parish Of Orleans, State of
Louisiana, duly commissioned and quail
fed, and In the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared, the several
persons whose names are hereHnto sub
scribed, all Of the age Of majority, who de-
clared that, ayailing themselves of the pro-
the organization of corporations, they
hereby form themselves into and consti-
tute a corporation, for the objects and
purposes, and under the stipulations here
matter set forth.
ARTICLE 1.-The name ana title Of this
| corporation shall be MOUNT OIL CO.,
INC, and under its corporate name IT
shall enjoy succession for the term and
period Of ninety nine years from and af-
| 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
| corporate seal, and the same to break and
alter at pleasure; to purchase, receive,
lease, hold or otherwise acquire and con-
vey, as well as mortgage and hypothecate,
| under its corporate 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 and
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 III-The objects and pur-
poses for which this corporation is es-
| tablished, and the nature Of the business
to be carried on by 1t, 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.
| 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, coloniZe, de-
| velop 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
pOrtaticn 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 ex-
tent necessary or proper for Its business
| to acquire, and hold, sell, cucumber or
dispose of stocks and bonds Of other
i companies to the extent permitted by law
to exchange its entire capital stock, or
any part thereof, for property which 1t
is authorized to acquire, or to exchange
its entire assets and business, or any part
thereof, for property, stocks, bonds OF
other obligations of other companies; to
hold stock In other corporations; to per-
feet 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, OO0.0O), to be
divided into and represented by five thous.
and shares $4,000 shares of par value Of
One Hundred Dollars ($100.00) each, which
shall be paid for In cash OF may h oe rs, rs,
corporation, or for services rendered: rms
capital stock may be increased up to the
sum of Five Million Dollars $4,000 0O0OO)
ARTICLE YAH powers Of this cor
poration shall be vested in and exercised
by a board Of five. The Board shall elect
from their number President, a vice
President, a Secretary and treasurer
!, and such other officers as they may think
proper or convenient for the carrying on
Of the company's business, and shall nave
power to unit two or more offices. and tht
| same to confer upon one person, or 10 9is
pense with any office In Its discretlon
|, ell rfo of
agents and employees. After 1925 the
Board of Directors shall be elected an
| nually, on the second Monday OF June O
each year, the first election to be heid II
the year 1927. All such elections shall D.
. by ballot at the office of the corporation
/ Notice Of annual meetings, as well as o.
j special meetings Of stockholders SHAH D,
given by written notice mailed fifteen llo
ing to each stockholder appearing as suci
on the books Of the company, at MS las as
designated address, or at the GeneraI De
> livery at New Orleans, La. IL he has no
/ designated an address. Each sneleno, que,
! shall be entitled to one vote for eac,
; share of stock standing In his name o.
, the books of the company, said vote 70 D
+ cast in person or by proxy, ana maH ~,
: lily Of the votes cast shan eject IN
! BOARD Of Directors shall have the powe
, Ito fill all vacancies which may occur o
. in any manner arise or be created on Tn
Board of Directors, even though no Quo
rum remain at the time such sacanSic
, lare to be filled. Failure to elect dfrector
on the day above specified SHAH not eis
solve the corporation, but the directol
then in office shall remain In oifice untl
, their successors are elected. The Bear
> | of Directors shall have power 10 max
| and establish, as well as alter ana amenu
1 all Bylaws, rules and regulations niece
sary and proper for the support ana man
, agement Of the affairs and business OF IN
> corporation and not incon sistent with lt
! charter. The board shall have power
, without referring to the stockholders, o.
, the Affirmative vote Of two thirds OF tn
: entire directors. to borrow money, execut
i. mortgages, issue notes. pledges, oonds o
a other obligations, in such amounts AM
on such terms as in their judgement ma;
i be adyanta geous; and generally to DO al
Z things reasonably necessary or convenien
for the proper carrying on OF the ousines
: of the corporation; and they are espec
: tally authorized to issue and deliver iul
paid shares Of stock and bonds or oonga
/ lions of the company, In payment OF prop
: erty acquired by said corporation, an
!. especially for the whole or any part Q
4 the leases now held by Charles A. foir
son, at such valuation as In their 1udge
: ment may be proper. A majority OF IN
directors shall constitute a quorum 10
q the transaction Of business. The Boar
: of Directors shall have the power, oy
vote of not less than two-thirds OF a
. directors, to sell all or any part OF tn
!. property, movable and immovable, belong
. Ing to the corporation, or to receive u
: exchange therefor money or stocks o
! bonds, or other obligations Of another In
I | dividual, firm or corporatioo. 81 any char