The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.
to act etc, upon the ice-president or sec
| Rotary. in the order named.

to act etc, upon the vice president or sec
Rotary. in the order named.
ARTICLE 1.-THE capital stock of this
corporation is hereby fixed at the sum of
| fifty thousand dollars (Sj0.O00OW. all OF
which shall be divided into and represent
ed by five thousand (5OO0) shares of the
par value of ten dollars $4,000 each.
| The capital Stock of this corporation
may be increased by the board of direc-
tors without reference to the stockholders
| to the sum of one hundred thousand dol
lars (S100.O0O.00). Stock may be paid for
| in money. in services rendered the cor
pOratiOn, or in property regularly trans
| fered to the corporation, all as may be de-
termined by the board of directors.
| ARTICLE III-The objects and pur-
| poses for which this corporation is or
| ganized are hereby declared to lease
buy and sell real estate. and mineral
| rights; to own and operate drilling ma
chinery. and to drill and mine for oil. gas
| or other minerals. To own and operate
| pipe line. barges or other vehicle of trans
pOrtatiOn necessary to the conduct of a
| general oil and mineral development on
| lands owned or leased by the corpora
| ton, and to do any and all things neces-
| sary or incident to the general develop
ment OF gas, oil or other mineral, and in
general to do any and all things incidental
| or pertaining to oil, gas or mineral de-
velopment, and marketing and sale there
of.
ARTICLE Iy-The corporate powers of
board of five 90 directors, a majority of
whom shall constitute quorum for the
| transaction of business.
The first board OF directors of this cor
| poration. shall be composed of +. Otway
| Denny, John J. RObira, Geo III. Hodge
| with l.. Otway Denny as president: John
| j. Robira as yice-president, and Warren
| V. Miller as secretary treasurer, and said
| :icers and directors Of this corporation
Sh he
| day in March. 1928, or until their success
sors shall have been elected and duly
| qualified.
The meetings Of the stockholders for
| the election of directors shall be held
yearly on the first Tuesday in March, be-
ginning with the year 1923.
The board of directors shall have the
right to eject without reference 10 a
stockholders meeting, any stakeholder TO
/ be a director, whenever a vacancy shall
| exist on the board of directors through
absence, death, resignation, or inability
| to act.
ARTICLE v-The corporate powers OF
this corporation are expressed and sci
| forth in Section Seven of Act Number 26I
of the Louisiana Legislature of the year
1914 and shall be duly employed by and
! thru the board of directors.
| The duties of the several officers shall
| be set forth in the bylaws which shall
| be adopted by the board of directors and
appended and altered at their will.
| ARTICLE VINO stockholders of this
| corporation shall ever be held liable for
| any debts of the corporation other than to
the amount of his or their unpaid sub
| scription to stock, and no infOrmalities
| herein shall render them liable in the
| premises.
ARTICLE vII-Amendments of this
charter or liquidation of this corporation
shall be subject to the provisions of said
| Act Number 261 of the Louisiana Legis-
lature of the year 1914.
Thus done. passed and signed on the
| day and date first hereinabove written, in
the City of New Orleans, in the presence
| of +. VI. Mitchell and r. +. BeesOn, com
| petent witnesSe, who have signed here
unto together with said appearers and me,
notary, after a due reading of the whole
Witnesses: F. NJ. Mitchell, +. Z. Bee
son.
ORIGINAL SIGNED:
+. Otway Denny, 1889 Canal ST., New
Orleans. one share; William Baden, per
+. Otway Denny, Lafayette, La, one share
Geo. ii. Hodge, So st. Charles St, New
Orleans. La, one share: John J. Robira.
Jennings, La, one share: Warren V. Mil
Ter. i20 Whitney Bldg, New Orleans, one
share.
(Signed): GUS. A. LLAMBIAS,
Notary Public
true copy:
(Signed) GUS. A. LLAAIBIAS,
Notary Public
| Mich. 9-Apr. Is