The herald., 1921-06-30

y
INC.
United States Of America. state OF LUZ .hot
lana Parish of Orleans. BE IL known, t"
on this 18th day of the month OF June, III
Tho year of our Lord, one thousand, mn
hundred and twenty. one, tls-il, ,,hG;c
me Watts X. Leverich, a notary
in and for the Parish of Orleans, STATE Ei
In;siana duIy commissioned and quar-
fled. and in the presence OF the MIhe
hereinafter named and undersigh eu, -,
sonally came and appeared, inc -
persons whose names are hereuhto
scribed all of the age of majority. VINO oe-
clared that availing themselves OF tnt pr
visions of the laws OF this state rela'N1 ~
the organization of corporations .!
hereby form themselves into ana cohsai
tute a corporation, for the objects anu
purposes and under the stlpulatlohs mere
matter set forth.
ARTICLE 1.-The name and title OF tins
CORPORATION shall be MOUNT Oil w.
INC, and under its corporate nane "a
shall enjoy succession for the term anu
period Of ninety nine years from ana M
ter the date hereof, and shall nave poMei
and authority to contract sue ana De sueu'
to accept and receive mortgages; PieS
or other hypothecations to make use a
corporate seal and the same TO break anu
alter at pleasure; to purchase, receNe'
lease hold or otherwise acquire ana con'
yey as well as mortgage ana hypotheSaIL'
real personal and mixed; to borrow mon
ey and make and issue bonds ana other
evidences of debt, and 10 secure tue sd
by mortgage or otherwise; 70 name anu
anpoint such managers and directors, u
ficers and agents as the interest ana con-
yenience of said corporation may require
and TO make and establish, as Wen az
alter and amend at pleasure, such py -IaNs
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 proc 'IS
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 II.-The objects and pur-
| poses for which this corporation is es-
| tablished and the nature of the business
! TO be carried on by it, are declared ana
| specified to be: To mine, dig and drlii
| for or otherwise obtain from the ear,n,
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, sulphuS SAT-
| coal and other mineral lands ana lease,
holds and other interests or rights IN rear
| estate or minerals: to construct and main
| tain conduits and lines OF tubing ana 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
| ali sorts: to DRAIN reclaim, cOlonize, de-
| velop and improve lands; TO erect bu1ld-
| ings and other structures. and 70 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 {;
trnnt nd
houses and general stores; to issue bonds,
mortgages and hypothecations to the eX-
tent necessary or proper for its business
to acquire. ifnd hold, sell. cucumber or
dispose of stocks and bonds of other
companies to the extent permitted by law
to exchange it's 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 or
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 .00O.OO), to be
divided into and represented by five thous
and shares (5,OOO) shares of a par value OF
One Hundred Dollars (s10O.0O) 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
sum of Five Million Dollars ($5,0Oo, O0000)
ARTICLE y.-All powers of this cor
. poration shall be vested in and exercised
by board of five. The Board shall elect
, from their number President, a Vice
Il President, a Secretary and a 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 to dis
pense with any office in it's discretion
and to fix the salaries Of all officers
agents and employees. After 1925 the
Board of Directors shall be elected an
nually on the second Monday of June Of
each year. the first election to be held In
the year 1927. All such elections shall b,
by ballot at the office Of the corporation
! Notice of annual meetings, as well as OF
special meetings Of stockholders shall b'
, given by written notice mailed fifteen rs
days in advance Of the date of such meet
!, ing to each stakeholder appearing as sucl
on the books of the company, at his las
: designated address, or at the General De
. livery at New Orleans, La, IL he has no
designated an address. Each shareholde
. shall be entitled to one vote for eacl
share of stock standing in his name oil
, the books of the company, said vote to b,
: cast in person or by proxy, and a major
lty OF the votes cast shall elect. TIL,
Board or Directors shall have the powe
to 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 vacancies
are to be filled. Failure to elect director
on the day above specified shall not dis
q solve the corporation, but the director
then In office shall remain in office unit
7 their successors are elected. The Bear,
or Directors shall have power to max
and establish, as well as alter and amend
all Bylaws, rules and regulations neces
sary and proper for the support and man
e agement of the affairs and business of tn
e corporation and not inconsistent with it
charter. The board shall have power
: without referring to the stockholders. h,
e the affirmative vote of two thirds of tn
: entire directors. to borrow money, execut
\ mortgages. issue notes, pledges, bonds O
other obligations, in such amounts an,
2 on such terms as in their judgement ma,
a De advantageous: and generally to do al
thlngs reasonably necessary or convenien
: TOT the proper carrying on of the bushes
OF the corporation; and they are espec
laliy authorized to issue and deliver ful
. pald shares of stock and bonds or oblipa
tons of the company. in payment of pr0n
erty acquired by said corporation, an,
especially for the whole or any part O
! the leases now held by Charles A. Poir
, son, al such valuation as in their Judge
meht may be proper. A majority of tn
directors shall constitute a quorum 10
the transaction of business. The Roar,
OF Directors shall have the power. nv
r vote or not less than two-thirds of nj
e directors, to sell all or any part of IN
I property, movable and immovable. belong
t ing TO the corporation, or to receive /,
eAcnange therefor money or stocks n