The herald., 1921-06-23

United States of America, State Of Louis
! lana. Parish of Orleans Be it known, that
on this 18th day of the month of June in
| the year of our Lord, one thousand, nine
| hunsred and twenty One, (192l), BEFORE
| me. Watts X. Leverich. notary pubic,
| in and for the Parish of Orleans, State or
/ Louisiana. duly commissioned and quail
! fled, and in the presence of the witnesses
| hereinafter named and undersigned per-
| sOnally came and appeared the several
| persons whose names are hereunt0 SUB
scribed, all Of the aye of majority: VINO de-
! clared that aYaifng 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
| 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, 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-
vcnience of said corporation may require,
and to make~a 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
| az hail h. 81 Of N.Atxy nrfn
, and all citations or other legal process
J 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 TI-The objects and pur-
poses for which this corporation is es-
tablished. and the nature of the business
] to be carried ON by II, are declared ana
| 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
r the crude or refined condition to acquire
? for those purposes oil. gas, sulphur, salt,
p coal and other mineral lands and lease
l holds and other interests or rights in real
= estate or minerals; to construct and main
= tain cOnduits and lines of tubing and pip
5 ing for the transportation of natural gas
. and or oil; to buy, SELL hold, lease, mort
k gage, ALLEVIATE and deal in real estate of
all sorts; to drain, reclaim, cOloniZe, de-
= ings and other structures. and to operate,
lease, or otherwise handle them and deal
S therein: to construct acquire, maintain
= and operate all railroads, tramways, tele-
graph and telephone lines, canals, water
| ways. boats and other means of trans
I pOrtaticn necessary or convenient in pro-
{ scouting the business of the Company
! to construct and operate hotels, ware
Z 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
II to exchange its entire capital stock, ol
f any part thereof, for property which II
e is authorized to acquire. or to exchange
II its entire assets and business. or any part
h thereof, for property, stocks. bonds ol
o other obligations of other companies; tC
s hold stock in other corporations; to per
II feet and acquire patent rights improve
S. ments or processes; and to do and trans
2, act all business properly connected with
IS incidental or convenient to any of the said
= obligations and purposes.
a ARTICLE Iv.-The capital stock of thi.
IL corporation is hereby fixed at Five Hun
II dred Thousand Dollars $500 000.00), to b,
q divided into and represented by five thous
.e and shares (5OOOl shares of a par value o
? One Hundred Doll3fs (s10O.00) each, which
l, shall be paid for tn cash. may be is
II sued for property actually received by tn,
% corporation, or for services rendered. Thi
'e capital stock may be increased up to tn,
le sum of Five Million Dollars Cs5,O0o, ,OOO.O 90
~ ~ ARTICLE y.-An powers of this cor
h poration shall be vested in and exercise,
In by board of five. The Board shall elec
a. from their number a President, a Vice
no President, Secretary and a Treasurer
90 / and such other officers as they may thinl
a. proper or convenient for the carrying ol
a OF the company's business, and shall hav
is power to unit two or more offices. and tn
H. same to confer upon one person, or to dis
or pense with any office in its discretion
- and to fix the salaries of all Officers
q agents and employees. After 1925 tn
g Board OF Directors shall be elected an
so nually on the second Monday of June O
# each year. the first election to be held /
nf the year 1927. All such elections shall b
"a "a by ballot at the office of the corporation
' Notice of annual meetings, as well as G
q, special meetings of stockholders shall h
n given by written notice mailed fifteen ia
On days in advance of the date of such NEE
- ing to each stOckholder appearing as sue
~ 1e on the books of the company, at his las
an designated address, or at the General De
oh nVery at New Orleans, La If he has NJ
90 DESIGNATED an address. Each shareholdt
~, shall be entitled to one vote for eac
q. share OF stock standing in his name O
of the books Of the company. said vote to /
t. Xs' IN person or by proxy, and major
on ICY or the votes cast shall elect. TIL
oS Board OF Directors shall have the powt
'ta 20 MI all vacancies which may occur q
NJ IN any manner arise or be created on Il
a rmna nUnru r OF directors, even though no qu'
20 are 10 be filled. Failure to elect directo,
vs v on the day above specified shall not di
sSve the corporation, but the director
then In office shall remain in office unit
on tneir successors are elected. The Boa,
or OF directors shall have power to mai
IN ana establish. as well as alter and amen
mt an Bylaws. rules and regulations nece
ny sary and proper for the support and ma,
OF sgement OF the affairs and business OF N
IT. corporation. and not inconsistent with i,
ne cnaIter. The board shall have powe
Gle wlthout referring to the Stockholders +
X the affirmative vote of two thirds ~ n
Ia entire directors, to borrow money execn
De .vnsages, issue notes, pledges, bonds ,
IN otner oblfgations, in such amounts .n
In On such terms as in their judgement ms
De advantageous; and generally to do .
ng tnlngs reasonably necessary or conven,e,
nd dor the proper carrying on of the busine
X OF the corporation; and tbey are conc
X isiiy authorized to issue and deliver =,
paiu snafes Of stock and bonds or oblie
all ons , OF tne company, in payment of pro
its ety acquired by said corporation. ar
,uo especially for the whole or any part
M the leases now held by Charles A. Poi
-, son, at such valuation as in their tude
pa ment may be proper. A majority Of I,
nc directors shall constitute a Quorum y
,f tne transaction Of business. The Roa,
OF Directors shall have the mower hy
vote OF not less than two-thirds ~ 4,
-. directors to sell all or any part Of n
S property movable and immovable. belon
oe ing to the corporation, or to receive
VI | exchange therefor unnnay