The herald., 1922-11-23
CHARTER OF
CHAMPION OIL COMPANY, Il

CHAMPION OIL COMPANY, INC.
United States of America, State of Lou
isana, Parish of Orleans. BE 1t known
that on the 10th day Of the month of
thousand nine hundred and twenty-tw
and Of the independence of the United
States of America, the one hundred and
forty-sixth, before me, Watts X. Lev
erich, notary public. duly commissioned
and qualified in and for the parish of
Orleans, state of Louisiana, therein re-
nesses hereinafter named aud under:
signed, personally came and appeared
the several persons whose names are
hereunto subscribed, who declared that
availing themselves Of the laws of this
state relative to the organization of cor.
porations they have covenanted and
agreed and do by these presents cove
nant, agree, bind. form and constitute
may hereafter join or become associated
with them, into a corporation or body
polite in law, for the objects and pur-
poses and under the agreements and
stipulations following, to-wit:
ARTICLE l. The name and title of
this corporation shall be Champion Oil
Company, Inc, and under Its corporate
name 1t shall enjoy succession for the
from and after the date hereof, and
shall have full power and authority to
contract, sue and be sued to accept and
receive mortgages, pledges or other ny
pOInecdtlOnS, 10 make anu use u CUT
porate seal and the same to break and
alter at pleasure; to purchase, receive.
lease, hold or otherwise acquire and con-
yey, as we'll as mortgage and hypothecate
under Its corporate name, property, both
real, personal and mixed; to sell and
dispose of all of its entire property and
assets, or to exchange the same for prop
erty. stocks. bonds or other obligations
to borrow money and make and issue
bonds and other evidences of debt, and
TO secure the same by mortgage and
otherwise; to subscribe to and hold stock
in other corporations; to acquire, hold
and reissue shares Of its capital stock +;
to carry out all the objects and purposes
and do all the things hereinafter set out ;
to name and appoint such managers and
directors, officers and agents as the in
terest and convenience of said corpora
ton may require; to make and establish
such bylaws, rules and regultions for
the management and regulation Of the
affairs Of the corporation as may be nee
essary, proper or convenient; and gen.
trading corporations are or may be au-
thorized to do under the laws of the
state of Louisiana.
ARTICLE II. The domicile of this
corporation shall be in the parish of
Orleans, state of Louisiana, and all cita-
tions or other legal process shall be
served upon the president of the COM
pany. or, in his absence. upon the vice
president.
ARTICLE Ill The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
to be carried on by 1t are hereby de-
clared to be: To mine, oig and drill for
or otherwise obtain from the earth, oil,
gas, sulphur, salt and other minerals /;
to manufacture. refine, prepare for mar
ket, buy and sell and transport the same
in the crude or refined condition; to
acquire oil, gas. sulphur. salt and other
mineral lands and leaseholds and other
interests or rights in real estate or min
erals; to construct and maintain pipe
lines and conduits for the transportation
of natural gas or oil or other minerals I;
to buy, treat. refine, handle. sell and
mineral products Of ali sorts; to own.
charter and operate tanks. steamships.
barges, tugs and other water craft; to
to or convenient in connection with the
business Of producing, treating, refining
and or dealing in oil, gas, petroleum
and or other mineral products of every
tanfs and to sore o and
Petroleum products. and to carry on the
business of public warehousemen: to ac-
quire and hold stocks. bonds. obligations
exchange its entire capital stock or any
part thereof for property which it is
authorized to acquire; to exchange or
sell its entire assets and business or
stocks, bonds or other Obligations Of
other companies, firms or individuals; to
buy, sell, hold. lease. mortgage, ALLEVIATE
and deal in real estate Of all sorts; to
drain, reclaim, colonize. develop and i'm
prove lands; to erect buildings and other
structures and to operate, lease or other
wise handle them and deal therein; to
operate commissaries, warehouses. board
facture, purchase or otherwise acquire.
own. mortgage, pledge. sell. assign and
transfer, or otherwise dispose of. to in
vest. trade. deal in and deal with goods,
wares and merchandise and real and per-
s0nal property of every class and de-
scription; to acquire, hold, use. sell. as
sign, lease, grant licenses in respect of,
patent Of the United States or any foreign
country, patent rights, licenses and priv
ileges. inventions improvements and pro-
cesses copyrights, trademarks and trade
names. relating to or useful in connection
with any business of this corporation !:
to issue bonds. debentures or obligations
of this corporation from time to time.
for for any Of the objects or purposes Of
by mortgage. pledge. deed Of trust or
otherwise; to purchase, hold, sell and
transfer the shares Of its own capital
or property for the purchase of fits own
shares of capital stock when such use
would cause any impairment of its cap
ital; and provided further, that shares
VI ts oWu Cnpitdl slOCk DeiOnglug 70 It
shall not be voted upon directly or in
directly; and generally to do and trans
act all such acts and things as a general
trading corporation under the laws of
the state Of Louisiana is authorized to do.
ARTICLE Nv. The capital stock of this
corporation is hereby fixed at the sum Of
ed into and represented by Five. Hun:
One Hundred Dollars ts1oo6o1 per share.
The amount of the said stock may be
increased to One Million Dollars $1,000
O0O.00). No transfer Of stock shall be
binding upon the corporation unless
made and recorded upon its books. No
stakeholder shall have a right to sell or
convey any Of his or her stock in the
corporation unless and until he or she
shall have first made q written offer to
the other then stockholders Of the cor
poration, and to the corporation itself.
same price as that at which a bona fide
written offer from an outsider may have
been received. The written offer to the
other then stockholders and to the cor
poration itself required by this provision
shall be addressed to such other then
stockholders and the corporation itself
collectively, and shall be delivered to
the office of the corporation not less than
ten days prior to the application for
transfer Of the stock to an outsider. The
corporation shall transmit this offer to
the respective then stockholders, and the
stock of the stakeholder desiring to sell
Of the other stockholders as desire to
purchase. in the proportions which the
holdings of the stockholders DESTROYS Of
purchasing bear to each other; and If