The herald., 1922-04-06
CHARTER.
to act etc, upon the vice. 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
hfty thousand dollars (SJO,OOO.O0). all OF
which shall be divided into and represent
ed by five thousand 10000 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 tS1O0,0O0.OO). Stock may be paid for
| in money, in services rendered the cor
poration, or in property regularly trans
| fered to the corporation, all rs 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 n
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-
velopmcnt, and marketing and sale there
of.
ARTICLE Iy-The corporate powers OF
tuls COTpOEdlOH snail De vested IN the
board OF five 90 directors, majority OF
whom shall constitute a quorum for the
transaction of business.
The first board of directors of this cor
poration. shall be composed of F. Otway
Denny, John J. RObira. Geo. ii. Hodge.
William BadOn and Warren v. Miller ::
with +. Otway Denny as president: John
j. Robira as vice-president. and Warren
V. Miller as secretary treasurer, and said
:icers and directors of this corporation
Sh mt a
day in March. 1923, 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 elect without reference to
stockholders meeting, any stakeholder to
be 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 set
forth in Section Seven of Act Number 267
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
amended 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 267 of the Louisiana Legis-
lature of the year 1914.
Thus done, passed and signed on the
day and date first hereinaboye written. in
the City of New Orleans, in the presence
of +. NJ. Mitchell and L. L. 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 f. e. Bee
son.
ORIGINAL SIGNED:
+. Otway Denny, 1889 Canal ST., New
Orleans, one share; William Baden, per
+. Otway Denny, Lafayette. La, one share
Geo. III. Hodge. So st. Charles St., New
Orleans, La, one share; John J. RObira
Jennings, La, one share: Warren V. Mil
Ter, 40 Whitney Bldg, New Orleans, one
share.
(Signed): GUS. A. LLAMBIAS,
Notary Public.
A true copy:
tSigned): GUS. A. LLAMBIAS,
Notary Public.
Mch. 9-Apr. Is