The herald., 1922-04-27
CHARTER OF
HOME OIL AND REFINING co, INC


HOME OIL AND REFINING co, INC.
State of Louisiana. Parish of Orleans.
City of New Orleans. BE it known that
OF this fifteenth day of April. in the
year one thousand nine hundred and
twenty-five. before me, WILLIAM WAL
LER YOUNG, a Notary Public, in and
for the Parish of Orleans, State of Lou
isiana, duly commissioned and qualified,
and in the presence of the witnesses
hereinafter named and undersigned. per
sonally came and appeared the several
persons whose names are hereuntO sub
scribed, all above the full age of ma
jority, who severally declared that
availing themselves of the laws of the
State, particularly Act No. 267 of 1914
relative TO the organization of corpora
tions, they do by these presents agree
and bind themselves, as well as such
other persons as may hereafter become
associated with them. to form and CON
stitute a corporation for the objects aud
purposes and hnder the articles and
stipulatiOnS following. to-wit:
ARTICLE l. The name. style and
title of this corporation shall be HOME
OIL AND REFINING CO., INC, and
under that name it shall have and enjoy
all the rights, advantages and privileges
granted by law to corporations. and
shall exist for the full term and period
of ninety-ni years from this date Ii
be sued; to make and use corporate
seal, and the same to alter and break
at pleasure; to hold. receive, lease, pur-
chase sell and convey, as well as mort
gage, hypothecate and pledge property
real. personal and mixed. cOrpOreal and
incOrpOreal; to name and appoint such
managers, directors, officers, agents and
other employees as its interest and con
venience may require, and to make and
establish as well as alter and amend
fpav
and regulations as may be necessary
and eXpedient for the proper manage
ment. and government of the affairs of
said corporation
ARTICLE ii. The domicile Of this
corporation is hereby fixed in the City
of New Orleans, State of Louisiana and
all citations or other legal process shall
be served upon the President of this cor
poration, or, in his absence, upon its
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 hereby de-
clared to be: To engage in the business
of mining, producing, refining and trans
porting, marketing and trading in oil.
gas, petroleum, and in all the products
thereof. and otherwise to deal in goods
and merchandise of all sorts incidental
to such business, at wholesale or retail
OH COlsHllSSlOn or OtnerWlSe, TO Dulld.
own, lease and operate all refineries,
pipe lines, boats and barges; to buy,
drill, operate, lease and sell oil and gas
wells, and generally to do and transact
AL business properly connected with, in
cidental or convenient to any of the said
objects and purposes.
ARTICLE ". The capital stock of this
corporation is hereby fixed at the sum
of Fifty Thousand Dollars $50 OOOOO
to be divided into and represented by
Five Hundred Shares, in the sum of One
Hundred Dollars (S1O0OO) each; said
stock shall only be issued for cash or
in payment of property actually re
ceived or purchased by said corporation.
The capital stock of this corporation
may be increased to the sum of Two
Hundred and Fifty Thousand Dollars
$3.50, ,000.00).
ARTICLE V. All the corporate pow
ers or this corporation shall be exer-
cised by Board of Directors consisting
or not less than three nor more than
hye stockholders, a majority Cf whom
snail constitute quorum for the trans
action of business. The directors NAV
vote in person or by written proxy in
favor Of another director. The Board of
Directors shall elect annually from
among their number a President, a Vice
PRESIDENT, Treasurer, and Secretary
the offices of Vice-President and Treas
uier may be filled by one person. and
tnc olhCe OF secretary may be held by
one not a stockholder in this corpor-
alton
The first Board of Directors shall con-
sist of three stockholders, and shall be
composed of Samuel Mermelstein, Joseph
W. Joachim and Peter Alphonso, with
samuel Mermelstein as President, Joseph
w. Joachim as Vice-PTesdent and Treas
lrer, and Peter Alpbonso as Secretary.
Inc postoffce addresses of said direc-
Tors are as follows: Samuel Mermelstein
1882 Tchoupitoulas Street, New Orleans.
La; Joseph W. Joachim, Abs Tchoupi-
toulas Street, New Orleans, La: Peter
X Alphonso, $50 St. Maurice Avenue.
New Orleans, La.
These directors shall serve until the
second Wednesday in April. 1923, or
until their successors have been dnIy
elected and qualified. The annual meet
ing of stockholders for the election of
directors shall be held on the second
Wednesday in April of each year, unless
said day be legal holiday, and then
on the next bank day thereafter. Any
vacancy occurring among the directors
by death, resignation or otherwise shall