The herald., 1921-03-03
CHARTER.

tai stock: to carry out all OF the objects
and purposes hereinafter set out; 70 name
and appoint such managers and directors,
officers and agents, as the interest and
convenience of said corporation may re-
Quire; and to make and establish, as Wen
as alter and amend at pleasure such py-
laws, rules and regulations for the man.
agement and regulation Of the AFFAIRS OF
the corporation as may be necessary, prop.
er or convenient; and generally to do all
such acts and things as trading corpora
tons are authorized to do under the laws
Of the State Of Louisiana. |
ARTICLE 1.-THE domicile OF this cor
p~oration shall be in the Parish OF Orleans,
State of Louisiana, and all citations or
other legal process shall be served upon
the President of the company, or, In his
absence, upon the Vice-President
ARTICLE 1II.-The objects and pur-
poses for which this corporation Is or
be carried on by it, are hereby declared to
be: to buy, treat, refine, handle, sell and
deal in oil and petroleum products OF all
sorts; to transport and sell the same In
buy, sell, lease, hold and dispose Of real
| and personal property; to construct, erect
maintain and operate pipe lines, buildings,
machinery and refining and manufactur-
tank steamships, barges, tugs and other
water craft: to carry on every sort OF busi-
ness incidental to or convenient In con-
nection with the business Of dealing In
Il dHu III III tACdNAh OA ~
' products Of very kind and character; to
acquire and hold stock, bonds obligations
and securities Of other corporations; to ex-
change the entire capital stock or any
thorized to acquire; to exchange Its entire
assets end business or any part thereof
for property, stocks, bonds or other obli-
cations Of other companies. firms, or in
dividuals; to buy, sell, lease, hold, de-
velop and improve real estate OF all sorts;
and generally to do all such acts and
things as a general trading corporation.
under the laws Of the State OF Louisiana,
IL authorized to do.
ARTICLE Iv.-The capital stock Of this
corporation is hereby fixed at. the sum OF
one hundred thousand ($100,000.00) dol
lars, divided into and represented by one
thousand u,00O0) shares Of the par value
of one hundred ($100.00) dollars per share
The amount of the said stock may be in
creased to ten hundred thousand $1,000,
000.00) dollars. No transfer Of stock shall
be binding Upon the corporation unless
made and recorded upon its books. N q
I stakeholder shall have a right to trans
D fer or convey any of his or her stock ir
the corporation unless and until he or sh'
: the other then stockholders Of the corpora
!. ton, and to the corporation itself, to sci
: his or her stock to them at the book yalu,
. hereby defined to mean the value at which
: the assets and liabilities Of the corporation
, have been in good faith entered upon IT
: books. Such written offer shall be ad
dressed to the other then stockholders, ant
to the corporation itself, collectively, ant
: shall be delivered to the office of the cor
!, poration not less than ten days prior +
o the application for transfer Of the stock
The corporation shall transmit this offe
o to the respective then stockholders. an
the stock Of the stakeholder desiring {
sell shall be distributed pro rata anon
to purchase, in the proportions In whicl
the holdings Of the stockholders desirou
Of purchasing bear to each other; and
the. total which such other stakeholder
offered for sale, then, after each Of tn
other stockholders shall have taken an
d paid for the amount OF stock which he o
D. she desires to buy and to which he or sh
shall be open for purchase by the corpors
te ton itself; and unless prohibited by Law
the corporation may itself use and appl
Its surplus earnings or accumulated profit
"a string to sell Of any portion Of that stoch
r holders stock which none Of the otht
ID stockholders may desire to acquire. at tn
q book value thereof: provided. that Il
ID capital to the purchase Of such stock br
c. shall always maintain its capital unin
4 paired. The corporation shah have ii
. right to refuse to transfer any stock .
long as the shareholder demanding II
transfer Is in any way indebted to II
corporation, and the corporation shall ha,
a lien. pledge and privilege on each shat
OF stock to secure any indebtedness dr
|, by the shareholder to the corporation
} Should any Of the stock offered for sa'
be not desired by the other stakeholder
and should the corporation itself be u
willing or unable to purchase any of Il
. same out OF its surplus earnings, with
: ten days from the receipt at the corpor
tons ONCE of the written offer to &C.
: then. and then only. shall the stockhold,
] desiring to sell be entitled to transfer sue
, uhdesfred portion Of the stock to such pc
? son or persons. and at such price as ]
] or she may see At. The provisions of tn
article shall be printed upon the face
each certificate of stock issued by the co
poration and shall be binding upon evel
person now, or hereafter becoming,
stockhoider in this corporation, all
whom agree to the provisions hereof an
take such stock subject thereto; ana 3
pledges. hypothecations or other incuu
brances Of said stock, or dealings with r
gard thereto, shall be subject to the DR.
, visions hereof.
: ARTICLE YAH the powers Of this co
, poratfon shall be vested in a Board cor
. posed OF not less than 1--WE nor more th,
/. seven Directors. The precise number
the Directors within said limits shall
: 0xeQ from time IN TINA nv vnxa - 81