The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-14
CHARTER.
CHARTER OF THE MOUNT OIL CO.,
INC.

I
the year Of our Lord, one thousand. nine
| hundred and twenty-one, (192D, Before
me, Watts h. 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 hereGnto sub
| scribed, all OF the age of majority, who de-
| clared that, availing themselves of the pro.
| visions of the laws of this State relative to
| 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 and 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
| ana 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-
venience 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 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 it, 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
Tor those purposes oil. gas, sulphur, salt,
coal and other mineral lands and lease
holds and other interests or rights in real
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
lngs 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
portatiOn 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
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, 900. OO), to be
divided into and represented by five thous'
and shares 5000 shares of a par value OF
One Hundred Dollars (S10O.0O) each, which
shall be paid for in cash, or may be is
corporation, or for services rendered. This
capital stock may be increased up to the
sum of Five Million Dollars ($5,OOo 0O0)
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 a President Vice
President Secretary and a Treasurer
and such other officers as they may think
proper or convenient for the carrying Oh
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 its discretion
and to fix the salaries Of all officers
agents and employees. After 1926 the
Board Of Directors shall be elected an
nually on the second Monday of June o.
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 TO
days in advance Of the date of such meet
ing to each stakeholder appearing as sucf
on the books Of the company, at his las
designated address, or at the General De
livery at New Orleans, La. If he has no
designated an address. Each shareholder
shall be entitled to one vote for eacf
share of stock standing in his name OF
the books of the company, said vote TO o.
cast in person or by proxy, ana major
ity of the votes cast shall elect. INT
Board of Directors shall have the powel
to fill all vacancies which may occur, o.
in any manner arise or be created on th'
Board of Directors, even though no quo
rum remain at the time such vacancle'
are to be filled. Failure to elect dlrect s.r
solve the corporation, but the director
; then I'm office shall remain in office unit
. their successors are elected. The Boar
of Directors shall have power 10 max
and establish, as well as alter and amend
all Bylaws rules and regulations neces
sary and proper for the support ana man
aeement Of the affairs and business OF Tn
CORPORATION. and not inconsistent Win ~
, charter. The board shall have power
without referring to the stocknoiders' a.. u!
, the affirmative vote OF two tnlros Oh u
entire directors, to borrow money, execut
mortgages. issue notes, pledges, bonds
other obligations, in such amounts an
on such terms as in their judgement ma;
. he advantageous; and generally TO 90 al
= things reasonably necessary or convenlen
for the proper carrying on OF the Duslhes
, | of the corporation; and they are espec
. tally authorized to issue and deliver Iul
! paid shares of stock and bonds or opnga
Z lions Of the company. In payment OF prop
erty acquired by said corporation, an
especially for the whole or any part
the leases now held by Charles A folr
SON at such valuation as In their Juos 4,
ment may be proper. majority Oh u u
D directors shall constitute quorum ~
the transaction of business. The Boar
of Directors shall have the power, by
;, vote of not less than two-thirds OF al
| directors, to sell all or any part OF Tn
property, movable and immovable, pelone
e ing to the corporation. or to receive =
n exchange therefor money or STOCKS o
bonds, or other obligations or anotner In
: dividual, firm or corporation, OF any cha .
: acter without referring to the sharenoio
ers for power to do so. At any meeting Q
s the Board of Directors. any directors alb