The herald., 1922-05-11

CHARTER OF BIENyILLE OIL COM
PANY, INCORPORATED
state of Louisiana, Parish OF Orleans
City of New Orleans, Be il known, that OF
this 18th day of April, 1922, before me
| W. Morgan Gurley, notary pubic, duly
commissioned and qualified in and f0l
the Parish of Orleans, State of Louisiana
| and in the presence of the witnesses here
matter named and undersigned, personal
ly came and appeared the several persons
whose names are hereunto subscribed who
severally declared that, ayailing them
| selves of the laws of the State of Louis
| lana. relative to the organization of cor,
pOratiOns and particularly Act No. -
! of the General Assembly of 1914, and
Acts amendatory thereof, they have cove
nanted and agreed and by these presents
| covenant and agree and bind themselves
as well as all other persons who may
| hereafter become associated with them
70 form corporation and body polite In
law for the objects and purposes and I'M
der the stipulations hereinafter set forth
which they hereby adopt as the charter
| of this corporation.
ARTICLE 1.-The name and style OF
! this corporation shall be Bienville Oil
! Company, Incorporated, and its dOmicile
| is hereby fixed in the City of New Or
| leans, Parish of Orleans, State of Louis
| lana, where by said name it shall exist
and enjoy corporate existence and success
! sion for a period of ninety nine (99)
/ =
| solved by law or in the manner herein
after stipulated.
ARTICLE II-Under said name and
style, said corporation shall have the
power to contract sue and be sued, TO
make and use corporate seal, the same
to alter, change or amend at pleasure; to
adopt. make and enforce such bylaws,
rules and regulations for its government
as it may choose, nos contrary to the
laws of the United States, the laws of the
State of Louisiana, or this charter; to
employ and fix the compensation of such
officers. employees or agents the in
terest of the corporation may require; to
purchase, lease, hold, receive, hypothe-
cate. convey, sell, pledge or mortgage
real estate and personal property; to Dor
row money; TO issue negotiable paper or
notes. or other evidence of debt; and
generally to do and perform any and all
other acts and things necessary and pro-
per, or incident to the successful opera
ton and carrying out of the business out
lined in the objects and purposes of this
corporation, all according to law. and as
may be deemed necessary and proper by
the board of directors.
ARTICLE III-The objects and pur-
poses of this corporation are hereby de-
clared to be- to buy and sell real estate
and personal property and to develop
same; and to locate, lease and acquire
lands with the exclusive right to pros
pect, to drill. mine. bore and sink wells
and shafts; to produce. convey and trans
port oil, petroleum and gas; to salvage,
reclaim, clean, operate and maintain oil
wells; to carry on the business of storing
and prospecting for, mining, producing,
refining, manufacturing, piping, trans
porting, buying and selling. petroleum
and other oil products and by-products:
to buy. sell, furnish and supply the
same; to operate, build, construct. pump
and maintain oil and gas wells; to build
and construct purchase, maintain and
operate operate warehouses pumping plants. pipe
lines, refineries, factories, mills. work
shops, laboratories and dwelling houses
for workmen and others; and generally
to do and perform any and all other
things necessary and incident to the car
and gas producing and marketing bust
ness.
ARTICLE Iy-All citations and other
legal process shall be served upon the
president of the corporation, or in his alb
sence upon the secretary treasurer. or. in
the absence of both Of these officers. upon
the vice-president. at the domicile of said
corporation, as herein fixed
ARTICLE V-The amount Of capital
STOCK or this corporation Is hereby de-
clared to be $100,OOO.00 Zone hundred
thousand dollars) to be divided into 10000
shares of the par value of $1,000 (ten dol
larsl each, all of which shall be common
stock
That more than fifty per cent of said
capital stock has been subscribed for and
more than fifty per cent of that sub
scrlbed for has been paid in by transfer
OF property as shown on statement and
resolution Of appraisement attached here
TO and made part hereof.
ARTICLE Wal power Of this cor
poration shall be vested in a board of di-
except that the officers of said corpora,
lon nave and exercise the power granted
to corporate officers by section l6 of Act
NO. 261 of 1914. majority of the board
OIL directors shall constitute a quorum for
transaction of all business, and a ma
Jority vote of the quorum present at any
shall be empowered to do valid
ana corporate acts. Said directors shall
De elected annually on the End Monday of
} January of each year, except when the
SAID day shall fall on a legal holiday, in
which event said election shall be held
on the day following, or as soon there
AFTER as practicable, and they shall hold |
ohice for term Of one year or until |
qualified.
Each stakeholder of record on the books |
OF said corporation shall be entitled to |
cast at such meeting. either in person or |
~ proxy one vote for each share Of stock |
held by him, and a majority of votes |
EAST at such meeting shall elect or decide |
any other question before 1t. All meet |
ngs OF said stockholders or directors |
snail be held at the domicile Of the com
pany except, with the written consent of |
Ill OF the directors, valid meetings of the |
board Of directors may be held outside
ne state or in the state elsewhere than
1t its domicile.
ANY vacancy occurring. for any cause.
n the board of directors, between the
iates OF the annual meetings herein pro-
i1ded for, shall be filed by the remaining
members OF the board Of directors. I'm.
neuiateiy after the election Of the di-
'ec!ors, they shall meet and elect from
neir number president vice-president.
lnd secretary and treasurer The duties
u such Officers shall be such as usually
,ertain TO the position to which they are
Ieeted, and as such may be provided for
the bylaws or as may be designated
" the board Of directors at any regular
II special meeting.
me hrst annual meeting Of the stock