The herald., 1922-04-20
CHARTER.
CHARTER OF
HOME OIL AND REFINING CO, INC.

IWtMTN
LER YOUNG, a Notary Public, in and
for the Parish of Orleans. State of Lou
isiana. duly commissioned and qualihed,
and in the presence of the witnesses
hereinafter named and undersigned. per-
sonally came and appeared the several
persons whose names are hereuntO sub
scribed. all above the full age Of ma
jority. who severally declared that.
availing themselves Of the laws OF the
State, particularly Act No. 267 Of 1914.
relative TO the organization Of corpora
tions they do by these presents agree
and bind themselves. as well as such
other persons as may hereafter become
associated with them. to form and con
stitute a corporation for the objects and
purposes and under the articles and
stipulations following, to-wit:
ARTICLE l. The name. style and
title of this corporation shall be HOME
OIL AND REFINING CO. INC, and
under that name il shall have and enjoy
all the rights. advantages and privileges
granted by law to corporations. and
shall exist for the full term and period
OF ninety nine years from this date. II
shall have power 10 contract. sue and
be sued: TO make and use n corporate
seal. and the same to alter and break
at pleasure: to hold. receive. lease. pur-
chase sell and convey. as well as mort
gage. hypOthecate and pledge property.
real personal and mixed. corporal and
incorporeal; to name and appoint snch
managers. directors. officers. agents and
other employees as its interest and con
venience may require. and 10 make and
establish as well alter and amend
from time TO time. such bylaws, rules
and regulations as may be necessary
and eXpedient for the proper manage
ment and government Of the affairs of
said corporation.
ARTICLE II The domici,e Of this
CORPORATION i hereby fixed in the CITY
~. of I a
all citations or other legal process shall
be served upon the President Of this cor
rOration. or. in his absence. upon its
Secretary.
ARTICLE III. The objects and pur-
poses for which this corporation il eS-
tablished and the nature of the business
70 he carried on nv IL are hereby de-
clared to he: To engage in the business
Of mining. producing. refining and trans
porting. marketing and trading in oil.
gas. petroleum and in all the products
thereof and otherwise to deal in goods
and merchandise of all sorts incidental
to such business. at wholesale or retail.
on commission or otherwise: to build.
own. lease and operate all rehneries.
pipe lines, boats and harges: to buy.
drill. operate. lease and sell oil and gas
wells, and generally to do and transact
all business properly connected with. in
cidental or convenient to any of the said
objects and purposes.
ARTICLE " The capital stock Of this
| corporation is hereby fixed at the sum
OF Fifty Thousand Dollars $50 O00.OO)
| 10 be divided into and represented by
| Five Hundred Shares. in the sum Of One
| Hundred Dollars (S1O0OO) each: said
stock shall only be issued for cash or
in payment of property actually re-
| ceived or purchased by said corporation.
| The capital stock Of this corporation
may he increased to the sum of Two
Hundred and Fifty Thousand Dollars
| $3.50 OO00 O)
ARTICLE V. All the corporate pow
ers Of this corporation shall be eNer-
| cised by a Board Of Directors consisting
! Of not less than three nor more than
five stockholders, majority Cf whom
shall constitute a quorum for the trans
| action of business. The directors may
| vote in person or by written proxy in
| favor OF another director. The Board of
Directors shall elect annually from
| among their number a President, a Vice
| President. a Treasurer, and Secretary
| the offices of Vice President and Treas
| urer may be filled by one person. and
! the office of Secretary may be held by
| one not stakeholder in this corpor-
\ alton.
The first Board of Directors shall con-
| sist of three stockholders. and shall be
composed of Samuel Mermelstein, Joseph
W. Joachim and Peter Alphonso. with
| Samuel Mermelstein as President. Joseph
| w Joachim as Vice President and Treas
| urer, and Peter AlphonsO as Secretary
| The postoffice addresses of said direc.
tors are as follows: Samuel Mermelstein
4132 Tchoupitoulas Street, New Orleans
| La; Joseph W. Joachim, 413S Tchoupi
toulas Street New Orleans. La; Peter
r. Alphonso, $50 st. Maurice Avenue
| New Orleans. La.
These directors shall serve until the
| second Wednesday in April. 1923, or
until their successors have been duly
.la nd no nj naaf-
ing of stockholders for the election OF
| directors shall be held on the second
| Wednesday in April of each year, unless
said day be a legal holiday. and ther
| on the next bank day thereafter. Any
| vacancy occurring among the directors
by death, resignation or otherwise shall
be filled by election for the unexpireG
term by the remaining directors Each
| subscriber hereto sets after his name his
| postoffice address and a statement OF
the number of shares of stock which
| he agrees to take in the corporation. Al
| all elections every stakeholder shall b'
| entitled 20 one vote for each share Of
stock standing in his name on the books
| of the corporation, to he cast in person
or by his written proxy. A majority
| Of the votes cast shall elect
ARTICLE VI. In the event Of the
liquidation or dissolution of this cor
| poration, the stockholders shall elect
three liquidators from among their mum
Der, at a meeting convened for that pur
pose, after fifteen 49, days notice sem
to each stockholder by mail to his las
known address; said liquidators shall
have the authority to wind up the bust
ness and affairs of this corporation. In
| case of the death of a hquidatOr, thu
survivors shall appoint stakeholder al
successor to him.
ARTICLE VII This charter may b.
modified. changed or altered, or SAID
corporation may be dissolved with thu
assent Of stockholders owning two
thirds of the entire capital stock. at ;
general meeting of the stockholders con
vened for that purpose, after fifteen Q5
days written notice shall have beer
given to each stakeholder, mailed to hin
at his last known address.
| ARTICLE VIII. No subscriber fO
stock shall ever be held liable for TIL
contracts. faults or debts of said cOrpOr
alton in any further sum than the UNPAID
balance, if any. due the corporation oil
the stock for which he has subscribed
nor shall any stakeholder ever be hell
liable for such contracts. faults or debt
in any further sum than the UNPAID
balance. if any, on the stock owned b!
him; nor shall any mere infOrmality IL
organization have the effect of renderin:
this charter null, or rendering any sub
scriber or stakeholder liable beyond tn
unpaid amount il any, remaining du
on the stock.
| No stakeholder in this corporation ca
ever sell the stock owned by him in thi
/ corporation, or any part thereof. with
out first Offering the same in writing I,
the other stockholders, through the Boar
| of Directors. at it's then book value. VIII
| will have the first option to purchas
| the same, and in the event of the dealt
of stakeholder the right is hereby re