The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-13
CHARTER.
Public. duly commissioned

'arlSn OF OTlPdHs, lufEtln iNolh. 49,
n the presence of the witnesses her"in-
lftpr named and undersigned. personally o
anne and aTi cared the pars'ts whose II
names ara herrunto subscribed, all OF the 4
ull age of majority, who declared, that. =
lyailiug themselves of the provisions OF s
he laws of this State, relative to corpor- r.
ions. they have cOvenanted and agreed, q
md 10 by these presents covenant and L
,rrea and bind themselves. as well as such 5
)ther persons as may hereafter become q
associated with BEN, to form and eonSu-
ute a corporation and body polite In law,
for tn, oh Jects and purposes, and under \
!, o stipuIations articles and conditions {
\, mich they hereby adopt as their charter )
as follows, to-wit: b
ARTICLE THE name and title Of the .
said corporation shall be lrusfee Oil Co, 4
Inc. and its dOmicile is hereby estab- q
lished in he City of New Orleans, state \
OF Louisiana and under its corporate name !
said corpora non shall have full power and :
authority to contract. sue arc be sued TO )
make and use corporate seal, ana the
same TO break and alter at pleasure 10 ,
hold receive, lease, purchase, improve, :
ALLEVIATE, convey, sell, borrow, pledge. mort :
gage and hypOthecate, under its corporate :
name, property, real, personal ana MIXED
to name and appoint seuh officers, direc-
tors ageuS and managers or employees
as the interest or the convenience or IN,
corporation may require; to make ana
establish bylaws rules and regulations
for the proper management and reghla-
ton of its affairs, as may b. deem'j neceS'
sary and proper, and the same TO change
and alter at pleasure; to own STOCK IN
other corporations and to do all such C'heE
acts and things permitted by law, or n
shall or may be necessary and proper 10
carry out the purposes and objects ot salG
corporation. Said corporation uhitSS
sooner dissolved in accordance with It's
charter, shall exist and continue for the
period Of ninety mine (99) years frem and
after the date hereof. The President. or,
in hjs absence, the Vice President. shall BIZ
ba whom citation and
all other legal prOcefs shall be served.
ARTICLE 1.-THE objects and purposes
for which this corporation Is organized
and the nature of the business 10 De ear
ried on by it. are hereby declared 10 pc
To develop the mineral resources II land
TO buy and sell land, to cultivate land,
buy and sell stock of other corporations
TO buy and sell bonds of Nther corpora
lions: TO operate by lease, or in direct
ownership. oil wells and other means of
mineral development; to own, lease ana
operate means of all kinds IN the Oh
tanning storing and transportation or It's
raw material and finished products; TO
build and operate pipe lines; to own ana
operate docks and ship yards. ana geher
ally TO do and to perform all such busl
hess as may be necessary for. or incidental
to- the objects and purposes herein lneh- |
toned as fully as if set forth herein.
ARTICLE III.-The capital stock of this
CORPORATION is hereby fixed at forty thous-
, and $40 OO9.O0) dollars, divided into -FOUR
| thousand $4,000 shares, of ten dollars
$4,000 each, all of which shall be com
mon stock. This stock shall be payable
| in cash or may be issHed by the Boartl d
| Directors in exchange for things OF f'lut
| actually received or services rendered thr
| corporation, payments to be made at suci
| time as may be determined ny the board
| of Directors. This corporation sha.I be
going concern soCE as twenty tnousaha
| dollars (S20OO0.00) of the capital stock
| shall have been subscribed for and ten
| thousand dollars ($10,0O0.OO) of the capital
| stock shall have been paid for Inc cap
| ital stock of this corporation nay pc IN
| creased to one hundred thousand dollars
| $780, OOOO). All transfers of stock of this
| corporation shall be entfr red on the STOCK
| book of the company, and no transfer OF
stock shall be in any manner bieiing on
| this corporation until so registered IN lts
stock bool.
| ARTICLE Iy-All OF the corporate pow
ers of this corporation shall be vested in
and exercised by Board of Directors OF
nine 90 stockholders, hve (o) OF Whom
shall constitute q quorum for the tranSac-
: tion of business and their decisions snail
be valid corporate acts. The officers o.
the saio corporation shall be PRESIDENT
, Vice President and a treasurer VINO
, shall lie members of the Board OF Dlrec
tors. and Secretary, who need not De
stockholder or a Director. The followlng
| named persons shalt constitute the hrst
: Board of Directors of this corporation
II. r. Macleod. 1904 Elm street. New Or
leans, La; r. H. Hackney, New Orleans
S La: NJ. n. Coe, S2O1 Pritchard Place. New
: Orleans. La; S. B. Chase, 931 Henry Gay
: 154o ' yerna street, New Orleans, La; p
a II Hogan 223 s. White strest, New or
= leans, La; r. X. Mulnix, liza Josephine
y street, New Orleans, La; John Dymon 10.
/, Chestnut street. New Orleans. La. And th'
= said III. r. Macleod shall be President
r NJ n. Coe Vice President and j. ii. war
: ner. Treasurer. The Secretary shaIi o.
ri ha drSf rraptinU of the BOar(
d of Directors. No person shall be eng1oi'
as a Director or an officer who Is not ;
i stakeholder of this corporation. Dur1nt
u | the absence of the President, the VIC
a president shall act and preside. Sai'
II BOARD of Directors shall continue In oftc
y until the second Monday In December; III
: on which date and thereafter annually,
y | Board of Directors shall be electe don tn
y second Monday Of December of each year
E unless the same shall be holiday, whel
| such election shsl be held on sucn neN
!; legal day thereafter. Notice OF sucn eiec
q | ti0n shall be given by written or PRINTED
notice ten (10) days previous to SAID elec
e ton and sent by mail to the last know
e address Of each stakeholder, as SHOWN o.
:. the books of the corporation, anu III
e Board of Directors shall appoint one o
~ more stockholders &c preside at such eiec
Is ton as commissioners. In the event o
y the failure of any commissioner, or com
. missioners to attend, the President shal
lie by appointment fill the vacancy. faiiur
Z from any cause whatever to elect Director
on the day named for that purpose sha
81 not dissolve the corporation, but the III
n rectors then In Office, as well 80 the oficer
of the said corporation, shall hold eve
NJ until their successors are CHOSEN anu quah
Of fed. In such event the President sna
40 cause another election to be held within
ID thirty 500 days, and shall give notlc
~ thereof as hereinab0ye provided. Az ever
no. | election and meeting each stockholoer sna
no | he entitled to one vote for each snare
no. | stock registered in his name ana may vot
i. by proxy. The election of directors sna
be by ballot and the majority in amorf
of votes cast, each share OF STOCK vote
=, upon to be counted for one vote, sna
u | elect the person or persons for whom the
"a have been cast. After each election II
oi Roard of Directors shall elect from the
"a own members the officers of the corpor
~ tion. except that the Secretary need not
IL a Director or stoekhoIder. n,a.,
ARTICLE V-.The Board OF Directo
shall have full power to MI vacancies
all their number, caused by sdeath, resign
he ton or otherwise, from among the stocl
ra- holders of the corporation. Inc sa
its BOARD of Directors shall have full contr
ng of the property of this corporation, al
Ter shall so conduct manage and use the SAN
ICE as in their discretion they deem mt, hnC
IN. is consistent with the objects or the e0I
oany or the welfare of the same i
ar, said Board of Directors are further
an thorized to frame and adopt such Dy-ia"
,cl rules and regulations as the aHalrs al
me business of the corporation may requl
or. and as IL may deem necessary Ior the co
ent Quoting and management Thereon, proVid