The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-12
CHARTER.

amended, they have c0yenanted ana
agreed and do, by these presents. cove
nant, agree and bind themselves, as well
/ as all such persons as may hereafter
join or become associated with them, to
constitute and form corporation and
body polite in law for the objects and
purposes and under the articles and slip
ulations hereinafter set forth and ex-
pressed which they hereby adopt as the
charter of this corporation to-wit
ARTICLE 1.-The name and style of this
corporation shall be Valley Refining Co.,
! Inc, and under its said corporate name
it shall have and enjoy corporate exist
| ence and succession for the full term
and period of ninety nine (99) years from
and after the date hereof; to contract, sue
! and be sued; to make and use a corporate
seal, and the same TO alter and break at
| pleasure; to hold. receive. lease, purchase
and convey, as well as mortgage and
! hypOthecate property, real personal or
mixed, corporal ana incOrpOreal: to own
and hold stocks and bonds of other cor
| pOratiOns; to name and appoint such man
| ayers, agents, directors and officers as
| its business or convenience may require.
/ and to make and establish. as well as
/ alter and amend. from time to time, such
| bylaws, rules and regulations for the
proper government of the affairs of said
corporation as may he necessary ana
proper.
ARTICLE 1.-THE dOmicile of said cor
poration shall be in the City of New Or
leans. State of Louisiana, and all citation
upon the President of said corporation.
or in his absence upon the Vice President
thereof, or in the absence of said Of
ficers, upon the Secretary Of said cor
pOratiOn.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and established and the nature
OF the business to be carried on by it
are hereby declared to be:
To carry on the business of manufac-
turing. refining and processing of min
eral, vegetable and animal oils and fats
and their various by-products.
To engage in the transportation of min
eral, vegetables and animal oils and fats
and their various by-products either pro-
duced by this corporation or other persons
or corporations. by means of pipe lines.
tramways. railroads, boats, barges or
other conveyances or to lease or suitcase
all or any part thereof to other persons
or corporations for the like purpose and.
in order TO fully carry out said objects and
purposes, to purchase, lease, or otherwise
acquire, pipe lines, tramways. railroads.
boats. barges, tank cars. locomotives.
pumping stations, steam plants, air plants
and all other machinery, apparatus and
paraphernalia necessary or incidental
thereto.
To build. construct. lease. purchase or
otherwise acquire buildings, machinery
and other apparatus for refining, smelt-
ing. manufacturing or otherwise working ,
animal oils and fats either produced by
this corporation or other persons or cor !
porations. and to refine. smelt, manufac- |
animal oils and fats and their by-products |
OF said oils and to operate the said plant |
and market the products or by-products /
as manufactured to the best advantage. !
To carry on such other business per- /
tanning to the manufacturing, refining and /
processing OF mineral; vegetable and /
animal oils and fats ad thei by-poducts /
as may he found necessary or desirable .
or such as is generally engaged in by a ,
corporation of this kind.
ARTICLE Iv-The capital stock of this .
is hereby fixed at the sum
divided into and represented by FOur
Hundred (lOO) shares of stock of tho
par value of One Hundred Dollars (SlOOOOl
each. Said stock shall be paid for in cash
ar such time. in such amounts and after
uch notices to the subscribers as may be
'xcd by the hoard of directors and the
anne may he issued at not less than par
or labor done or property actually re
'aived by the corporation.
The amount to which the capital stock
Y this corporation NAV he increased
hall he the sum of two hundred thous-
md dollars ($2OOOOO).
This corporation shall become a going
concern and shall he authorized to do
'apital stock shall have been subscribed
ARTICLE v-All of the corporate pow
'rs of this corporation shall be vested in
md exercised by a board of directors,
of three (3) stockholders. two
'2N of whom shall constitute n quorum.
said directors shall be elected annually on )
he first Monday in January of each year .
I general meeting Of the stockholders,
'xcept the first board of directors which /,
hall he elected at the first meeting of
stockholders to be held on October 9Th. !
1922. at 1000 a. m, Mt 1901 Hibernia
Bank Building, New Orleans. Louisiana,
Who shall hold their offices until the first :
shall have been duly elected ,,
md qualified.
All such elections shall he held by bal !
OF and conducted at the office of the cor
'oration under the supervision of two (2) ;
to be appointed by the :
BOARD Of directors Notice of such meet :
ng and of all other stockholders meet !
ngs shall be given in the manner pre- {
'cribed by law. and when not so pre- {
'cribed, then written notice Of such meet !
ng shall be deposited. at least fifteen Q5) >
lays prior to the date of such meeting in !
he post office of the City of New Or |
cans postage prepaid, properly addressed i
% each stakeholder at his last known :
'esidence or place of business. :
At all such elections and at all corpo- (
ate meetings every stakeholder shall be !
untitled to one vote for each share of q
'tock standing in his name on the books L
III the corporation, to be cast by him In e
Ierson or by his written proxy. and n G
majority of the votes cast shall elect. S
Any vacancy or vacancies occurring I
lmong the directors by death, resigna-
ion or otherwise, shall be filled by cleo :
ion for the unexpired term by the re-
directors. q
The failure to elect directors on the day y
Dove specified shall not dissolve the cor :
'oration. nor impair its corporate ex- r
silence or management, but the directors n
hen in office shall remain in office until r
heir successors are elected and qualified I
The board of directors shall, annually =
t its first meeting after election elect /,
rom its own number president. vice n
PRESIDENT and a secretary and a treasurer Il
n 1t may elect one "a person who shall n
e Doth secretary and treasurer who need
lot be member of the board of direc- d
ors. The office of president may also be n
ombined with the office of treasurer. so :
nat the person elected to president of I,
MS corporation may perform the func- IA
IONS OF both president and treasurer The N
ffice OF yice-president may be also COM
ined with the office of secretary. so that d
ne person elected vice-president may per- l.
orm the duties of both vice president and h
ecretary. The board of directors NAV
$50 elect one (D or more assistant sec n
etar1es neither of whom need be members y
the board or stockholders in this corpo- ! n
alton. The board of directors shall have -
over and authority to name and appoint "
ii such other officers, agents and en- N
Ioyees as may be deemed necessary for "
ne purposes and business of this corpo- w
anon. Said board shall have power and n
minority TO nix the compensation and m
dntins of