The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14

United States of America, State OF
Louisiana Parish of Orleans. Be II
! known, that on this 18th day of the
month of August. in the year of our
Lord one thousand, nine hundred and
twenty-five U922), before me, Watts
X. Leverich, notary public, In and for
the Parish of Orleans, State of Louis
lana, duly commissioned and qualified
and in the presence of the witnesses
! hereinafter named and undersigned,
personally came and appeared. the sew
| eral persons whose names are herunto
| subscribed. all of the age of majority.
who declared that, availing themselves
| of the provisions of the laws of this
! state relative to the organization of
corporations. they hereby form them
| selves into and constitute corpora
| ton. for the objects and purposes. and
under the stipulations hereinafter set
| forth.
ARTICLE THE name and title of
! this corporation shall be Bowie Oil x
! Gas Co. Inc. and under its corporate
name IL shall enjoy succession for the
| term and period of ninety-nine years
| from and after the date hereof. and
| shall have power and authority to con-
| tract. sue and be sued. to accept and
receive mortgages, pledges, or other
| hypothecationS; to make and use a cor
pOrate seal and the same to break and
| alter at pleasure: to purchase, receive.
| lease, hold. or otherwise acquire and
| convey. as well as mortgage and hy-
pothecate, under its corporate name,
property, both real, personal and mixed I:
| to borrow money and make and issue
| bonds and other evidences of debt, and
| to secure the same by mortgages or
| otherwise; to name and appoint such
managers and directors, officers and
| agents as the interest and convenience
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
| corporation as may be necessary. proper
ana convenient.
ARTICLE 1.-THE domicile of this
corporation shall be the City of New
Orleans, and all citations or other legal
process shall be served upon the presi-
dent of the corporation, or, in his alb
sence. upon the vice-president
ARTICLE iiI-The objects and pur-
poses for which this corporation is es-
tablished. and the nature of the bust
ness to be carried on by 1t, 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. pre-
pare for market, buy and sell and trans
port the same in the crude or refined
condition: to acquire for 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 maintain
and lines of tubing and piping for the
oil; to buy. sell, hold. lease, mortgage
ALLEVIATE. and deal in real estate of all
sorts: to drain, reclaim, colonise, de-
velop and improve lands: to erect build
ings and other structures, and to oper-
ate. lease, or otherwise handle them
and deal therein; to construct, acquire,
maintain and operate all railroads,
tramways, telegraph and telephone
| lines. canals, waterways. boats, and
other means of transportation neces-
sary or convenient in prosecuting the
business of the company: to construct
and operate hotels. warehouses and
general stores: to issue bonds. mort
cages. and hypothecations to the ex-
tent necessary or proper for it's bust
ness: to acquire and hold. sell. encun-
/ Der. 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 IL is authorized to acquire, or to
exchange its entire assets and bust
ness. Or any part thereof. for property.
| stocks. bonds or other obligations of
other companies; to hold stock in other
| corporations; to perfect and acquire
| patent rights, improvements, or pro-
| cesses: and to do and transact all bust
ness as properly connected with, Incl
| dental. or convenient to any of the said
obligations and purposes.
ARTICLE IV-The capital stock Of
this corporation is hereby fixed at one
million dollars $4,000. 00O.00). to be
| divided into and represented by ten
thousand 100000 shares of a par value
of one hundred (s1O0.00)) dollars each,
| which shall be paid for in cash. or may
| he issued for property actually received
| by the corporation, or for services
rendered: This capital stock may be
increased up to the sum of five million
| $4,000. 900 00) dollars.
| ARTICLE Vail the powers of this
corporation shall be vested in and ev-
ercised by board of nine CO.. directors
The board shall elect from their number
I n nGfI tn
| tary 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 unite two or more offices. and
the same to confer upon one person, or
to dispense with any office in it's dis
erection. and to fix the salaries of all
officers. agents and employees. TIE
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 1923. All such cleo
tions shall be by ballot, at the office
meetings as well as of special meet
ings of stockholders except as other
wise specially provided by law. shall
be given by written notice mailed fiji
teen (15) days in advance of the date
for such meeting, to each stakeholder
appearing as such on the books of the
company. at his last designated ad-
dress. or at the General Delivery at
designated an address. Each share
holder shall be entitled to one vote for
each share of stock standing in his
| name on the books of the company,
| said vote to be cast in person or by
proxy. and a majority of the votes cast
| snail elect. The board of directors
| snail have power to fill all vacancies
which may occur. or in any .manner
| arise or he created on the board of d.
rectors' even though no quorum remain
az the time such vacancies are to be
| filled. Failure to elect directors on the
| day above specified shall not dissolve
the corporation, but the directors then
| IN office shall remain in office until
| their successors are elected. The board
4 or directors shall have power to make
and establish, as well as alter and
| amend all bylaws. rules and regula-
| lions necessary and proper for the
support and management of the affairs
| and business of the corporation, and
not inconsistent with its charter. The
board shall have power, without referr-
| ing to the stockholders, to borrow
| money. execute mortgages issue notes
pledges. bonds, or other obligations in
such amounts and on such terms as in
their judgment may he advantageous;
and generally to do all things reason
ablv necessary or convenient for the
proper carrying on of the business of
the corporation: and they are specially
authorized to issue and deliver full paid
shares Of stock or bonds or obligations
acquired by said corporation, and es-
pecially in payment or part payment for
oil or mineral lease made to II by
Bowie Lumber Co.. Ltd, or other per-
sons or corporations at such valuations
as IN their judgment may be proper