The herald., 1922-05-18
CHARTER OF
HOME OIL AN


CHARTER OF
HOME OIL AND REFINING CO, INC.
State of Louisiana, Parish of Orleans.
| City of New Orleans. BE it known that
| on this fifteenth day of April. in the
| year one thousand nine hundred and
| twenty-five. before me, WILLIAM WAL
LER YOUNG, 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 corror;-
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 and
purposes and under the articles and
Stipulations following. to-wit:
ARTICLE /. The name. style and
tltle 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 nine years from this date. 1t
shall have power to contract, sue and
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 we'll as mort
gage, hypothecate and pledge property
real, personal and mixed, corporal and
lncOrpOreal; to name and appoint such
managers, directors, officers, agents and
other employees as it's interest and con-
venience may require, and to make and
establish as well as alter and amend
from time to time, such bylaws, rules
and regulations as may be necessary
and expedient for the proper manage
ment and government of the affairs of
said corporation.
ARTICLE III. The domicile of this
corporation is hereby fixed in the CITY
or New Orleans, State of Louisiana, and
an 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 Dur
poses for which this corporation is es-
tablished and the nature of the business
to be carried on by it are hereby de-
elared 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
Ill
on commission or otherwise; to build, |
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
all business properly connected with. in
objects and purposes.
ARTICLE ~. The capital stock Of this
corporation Is hereby fixed at the sum
OF Fifty Thousand Dollars (S5OOOOOO),
to be divided into and represented by
Five Hundred Shares in the sum of One
Hundred Dollars (siOOOO) each; said
stock shall only be issued for cash or
IN payment of property actually re-
,elved or purchased by said CORPORATION.
The capital stock Of this corporation
nay be increased to the sum of Two
hundred and Fifty Thousand Dollars
ARTICLE V. All the corporate pow
RS or this corporation shall be exer-
Used by Board of Directors consisting
II not less than three nor more than
I've stockholders, majority of whom
hall constitute a quorum for the trans
ction of business. The directors NAV
ote in person or by written proxy in
avor OF another director. The Board of
directors shall elect annually from
mong their number President a Vice
resident, a Treasurer, and a Secretary; /.
he offices of ce-President and Treas |
ier may be filled by one person, and |
he office of Secretary may be held by (
ne not stakeholder in this corpor- i
ton.
The first Board of Directors shall con- ,
list Of three stockholders, and shall be ,
omposed Of Samuel Mermelstein, Joseph .
V. Joachim and Peter Alphonso. with :
amuel Mermelstein as President, Joseph !
V. Joachim as Vice President and Treas :
rer, and Peter Alphonso as Secretary. I
ne postoffce addresses of said direc- :
ors are as follows: Samuel Mermelstein !
l52 Tchoupitoulas Street, New Orleans. ,
"a; Joseph W. Joachim, Abs Tchoupi- I
oulas Street, New Orleans. La: Peter r
!. AIphonso, $50 st. Maurice Avenue. .
lew Orleans, La.
These directors shall serve until the 7
econd Wednesday in April. 1923. or n
ntil their successors have been duIv h
ected and qualified. The annual meet. .
lg OF stockholders for the election Of a
lrectors shall be held on the second h
'ednesday in April Of each year. unless n
I'D day be legal holiday and then :,
4 the next bank day thereafter. Any a
lcancy occurring among the directors n
death, resignation or otherwise shall 4
filled by election for the unexpired Il