The herald., 1922-12-28
CHARTER OF sUMMERFIELD OIL &
GAS COMPANY, INCORPORATED.


Orleans, BE ii known. that on this 3lst
day of the month Of October, in the veal
one thousand nine hundred and twenty
two. before me- Robert Legier, a notary
public, duly commissioned sworn and
qualified In and for the Parish of Orleans
State of Louisiana, aforesaid, therein re-
hereinafter named and undersigned, per
sonally came and appeared, the persons
whose names are hereuntO subscribed
who declared that availing themselves OF
the provisions of the laws of this State
relative to the organization of corpora
tions, they have covenanted and agreed
and do, by these presents, covenant and
agree, bind. form and constitute them
selves. as well as such other persons as
may hereafter join or become associated
with them, into corporation and body
polite in law. and for the objects and pur:
poses and under the agreements and
stipulations following, to-wit:
ARTICLE THE name and style of this
corporation shall be the Summerfield Oil
and Gas Company, Incorporated, and un-
der that name ii shall have and enjoy all
the rights and privileges granted by law
to corporations; il shall exist for a period
of ninety nine years from the date here
Of; it shall have power and authority TO
contract. sue and be sued in its corporate
name: to make and use a corporate seal.
and the same to break or alter AT pleas
ure; to hold, receive, purchase, mortgage.
hypothecate and pledge property, both
real and personal; to issue bonds. notes
and other obligations; TO have and employ
such managers, directors and other en-
ployees as the interest and welfare of said
corporation may require; and to make and
establish such bylaws, rules and regula-
tiOns as may Ice deemed necessary and ex-
pedirEt for the corporate managemt MT and
control of the affairs Of said company.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
leans state of Louisiana, ana all eta
tions arG other legal process shall be
seivef on the president, and in mis- abserce
or inability on the secretary treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized, and the nature of the busiaess to
be carried on by il are hereby declared to
be: TO buy, sell, lease, hire. mortgage and
otherwise hypOthecate, ALLEVIATE or en-
cumber lands in this and other states and
particularly oil lands; to dig and bore oil
and other wells; to build derricks; to re-
fine and sell oil, petroleum, minerals and
all their by products in both their refined
and crude states; to erect, buy, sell, lease
and mortgage retneries and mills for
said purposes; to erect and construct. or
contract for the construction and erection
of buildings, water crafts, tramways, rail
roads. canals, workshops and mechanical
plants and generally, to do and engage in
any other business or enterprise growing
out of. CONNECTED with, or incidental to
sly of the objects and purposes herein
above set forth or contemplated by this
charter.
ARTICLE Iv-The capital stock of this
oGe hundred and fifty thousand tSl50,-
O00OO) dollars divided into fifteen hundred
shates OF the par value of one hundred
dollars, each. which shall be paid for in
cash. or may be issued at not less than
par for services rendered to- or property
purchased b. said corporation.
All shares Of stock shall be full paid
and worcestershire, and no transfer of
ton unless made upon its books.
ARTICLE V-All the corporate pow
ers OF this corporation shall be vested in
and exercised by a board of directors to
be composed of eleven stockholders, who
shall be elected annually on the second
Monday In Noymber Of each year by bal
lot of the stockholders. Each stakeholder
shall be entitled In person, or by written
owned by him and standing in his name
on the books of the company, and ma
jority of the votes cast shall elect. All
elections shall be held under such rules
and regulations as may be determined by
the board of directors, and after at least
ten days notice of such election shall have
cation in one of the daily newspapers pub
lished in the City of New Orleans. or by
notice mailed to his last known address.
The directors thus elected shall continue
cessors shall have been duly elected and
qualified. No failure to elect shall be con-
sidered as forfeiture of this charter.
Any a 1yo vacancy occurring on said board Of
directors for the unexpired term.
Said board of directors shall, at its first
meeting elect from among its number a
president, a first vice-president. a second
vice president, a secretary and a treasurer.
The board of directors shall have the
right and power to combine the office of the
secretary and treasurer and may even
elect secretary who need not be a stock
holder.
ARTICLE VINO stakeholder shall ever
be held liable or responsible for the con-
tracts tracts, faults or debts of said corpora
organization have the effect of rendering
this charter null, or of exposing a stock
holder to any further liability than the
unpaid balance due on the shares of stock
ARTICLE vII-This act of incorpora-
ton may be changed. modified or altered.
or this corporation may be dissolved with
the assent of the stockholders owning a
majority of all of the stock of the corpora
ton at a general meeting convened for
tnat purpose after at least ten days notice
OF such meeting shall have been given to
each stakeholder in the manner and form
provided for in Article v of this charter.
In case Of the dissolution of this corpora
ton. either by the expiration of its char
dated and wound up by three liquidators
or commissioners to be elected by the
stockholders from among their number at
the event of the death or inability of any
or said commissioners or liQuidators, the
survivors shall appoint a successor to
hin.
ARTICLE vIII-Until the election to be
held in 1923, the following named stock
holders shall constitute the first board of
directors, viz: Albert Tujague, Oliver p.
Montagnet, stephen J. De Blanc. George
Grima. George J. Cassard, Adolph D'Aquin.
August Nolde, Clarence j. Rogers. s. f.
Crane, VIM. b. Maine, and Walter l..
Lonbat. and with Albert Tujague as presi-
dent; Oliver p. Montagnet, as first vice
pr. sident: Stephen ]. De Blanc as second
vice president and George j. Cassard as
secrotary-treasurer.
Thus done and passed at my office in
the City Of New Orleans. on the day,
month and year herein first above written.
In the presence of the two subscribing
witnesses, of lawful age and residents OF
this city, who have hereunto subscribed
their names with the said appearers and
me. notary, the whole after due reading.
tORIGINAL SIGNED)
Adolph D'Aquin, 10 shares; VIM b.
Maine, 10 shares; Oliver p. Montagnet, so
shares: George J. Cassard, 10 shares; Al
bert Tujague, 10 shares; 8. Il. Crane. 10
shares; 8. j. De Blanc, so shares; Geo.
Grima, 10 shares; Walter l.. Loubat 10
shares; August w. Nolde, 10 shares
Clarence ]. Rogers, 10 shares
Witnesses: Odile Musson, 8. A. Conliff
tSeaD ROBERT LEGIER.
Notary Public.
(Seap ROBERT LEGIER,
Notary Public.
i, the UNDERMINED Recorder Of MORT