The herald., 1922-11-30
CHARTER.


| CHARTER.
with them, into a corporation or body
polite in law. for the objects and pur-
i poses and under the agreements and
stipulations following, to-wit:
ARTICLE i. The name and title Of
this corporation shall be Champion Oil
Company, Inc, and under its corporate
name it shall enjoy succession for the
full term and period Of ninety nine years
from and after the date hereof, and
shall have full power and authority 10
| contract, sue and be sued to accept and
1 receive mortgages, pledges or other ny
pOthecations; to make and use cor,
porate seal and the same to break ana
alter at pleasure; TO purchase, receive
lease, hold or otherwise acquire and con-
vey, as well as mortgage and hypothecate
under its corporate name property, ootn
dispose of all of its entire property and
assets, or to exchange the same for prop
erty, stocks bonds or other ob1gatlons
of other companies, firms or individuals:
to borrow money and make and issue
bonds and other evidences OF debt, ana
to secure the same by mortgage and
otherwise; to subscribe to and hold stock
in other corporations; TO acquire, hoId
, 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 ana estaomsn
as well as alter and amend at pleasure
, | such bylaws, rules and regultions 1or
the management and regulation or the
8 affairs of the corporation as may be nee
o essary, proper or convenient; and gen
eraly to do all such acts and things as
9 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-
tons or other legal process shall be
. served upon the president OF the com
: pany., or, in his absence, upon the VICE
, president.
r 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. Dug ana ao dtf o oE'
!, gas, sulphur, salt and other minerals
3 to manufacture, refine, prepare Tor mar
: ket, buy and sell and transport the same
: in the crude or refined condition; to
y acquire oil, gas, sulphur, salt and other
y mineral lands and leasehOlds and other
: interests or rights in real estate or min
, lines and conduits for the transportation
: Of natural gas or oil or other minerals
: to buy, treat. refine, handle, sell and
in S S Of a sons to
7, charter and operate tanks, steamships
IS barges, tugs and other water craft; to
Z carry on every sort OF business ihciuenta
d to or convenient in connection with tht
n business Of producing. treating, rennlne
3 and or dealing in oil, gas, petroleum
and or other mineral products Of every
!, maintain tanks and to store oil anC
:, petroleum products, and to carry on thu
" business Of public warehousemen: to ac
Quire and hold stocks, bonds, obligation
If exchange its entire capital stock or an!
/. part thereof for property which II Il
d, authorized to acquire; to exchange o.
t. sell Its entire assets ana cash Pus nronerty
80 stocks, bonds or other o6iigations o
other companies, firms or individuals; Z
ID buy, sell, hold, lease, mortgage, arena.
Y and deal in real estate Of all sorts; Z
q. drain, reclaim, cOlonize. develop and I'm
prove lands: to erect buildings and othe
=. structures and to operate, lease or other
pc wise handle them and deal therein; 7
e operate commissaries, warehouses, board
y ing houses and general stores; to manu-
iI facture, purchase or otherwise acquire
"a own, mortgage, pledge, sell, assign an
st transfer, or otherwise dispose Of to in
is vest, trade, deal in and deal with goods
on wares and merchandise and real and pei
sonal property OF every h0a ci nss s se a.
s. sign lease, grant licenses in respect o
mortgage or otherwise dispose Of letter
OF patent of the United states or any iorelg
he country. patent rights, licenses and PRIV
Nv ileges, inventions, improvements and pro
of cesses, copyrights, trade marks and trad
nj names. relating to or useful In connecuo
.rs with any business Of this corporation
' 'ro to issue bonds, debentures or obligation
IN Of this corporation from time to tim
' 20 for any of the objects or purposes
lot by mortgage. pledge. deed of trust I
&C. otherwise; to purchase, hold, sell an
re- transfer the shares Of its own capt.
all stock. provided 1t shall not use its fun'
In or property for the purchase OF its ov
shares Of capital stock when such u
ers would cause any impairment Of its ca
by and sf0 orshe to
the shall not be voted upon Directly or !
the directly; and generally to do and tran
act all such acts and things as gener
ho trading corporation under the laws
h Ss the state of Louisiana is AUTHORIZED to
ed. ARTICLE ~ The capital stock Of tn
in corporation is hereby fixed at the sum
wv. Fifty Thousand Dollars ($5oOOoOO), diyi
DO ed into and represented by Five Hu
az One Hundred Dollars N1oo0o) per shal
az. The amount Of the said stock may
the increased to One Million Dollars xioc
"a, at binding upon the corporation unlee
VI made and recorded upon Its books.
sst stakeholder shall have a right to sell
fhe corporation unless and until he or s
az shall have first made written offer
leet the other then stockholders Of the c.
ss and ssr shock 70 tSe% at
lon same price as that at which a bona Il
be written offer from an outsider may ma
aid been received. The written oher to
In other then stockholders and to the c.
Ion poration itself required by this provisi
In shall be addressed to such other IN
or stockholders and the corporation It's
ncy collectively, and shall be delivered
I'm the office Of the corporation not less IN
,ck- ten days prior to the application !
transfer Of the stock to an outsider: 4
mi, corporation shall transmit this oners
nr the respective then stockholders, and
~ stock of the stakeholder desiring to
hsn shall be distributed pro rata among 81
ne purchase, in the proportions which
IN. holdings of the stockholders DESTROYS
lect purchasing bear to each other; and
eA- the total which such other stockhold
[ner desire to purchase is less than the to
offered for sale, then. after each OF
eto, other stockholders shall have taken .
heir paid for the amount Of stock which
the or she desires to buy and to which
hey or she is entitled, then the remain
in luntaken shall be open for purchase
iii the corporation itself, and unless
ne hibited by law, the corporation n
-. itself use and apply its surplus earnil
' AZ or accumulated profits to the purch
on from any stakeholder desiring to sell
mt any portion of that stockholder's SC
,ucn which none Of the other stockhold
sses' may desire to acquire; provided that
mes, corporation shall not apply any OF
lfter capital to the purchase Of such ste
but shall always maintain Its capital
ueh, impaired. The corporation snail nave
right to refuse to transfer any STOCK
long as the shareholder demanding
-. transfer is in any way indebted 10
I hA