The herald., 1922-11-16
CHARTER.

corporation shall be Valley Refining Co
of Inc, and under its said corporate nam
of 1t shall have and enjoy corporate exist
an ence and succession for the full tern
n and period of ninety nine 500 years from
ne and after the date hereof; to contract, sn
ln and be sued to make and use a corporal
~ SEAL and the same to alter and break q
H. pleasure; to hold, receive, lease, purchas
- and convey, as well as mortgage an
- hypothecate property, real, personal o
a., mixed, corporal and incorporeal; to owl
"a and hold stocks and bonds of other cor
~ porations; to name and appoint such man
V ayers, agents, directors and officers a
~ and to make and establish, well al
70 alter and amend, from time to time, suci
y. bylaws, rules and regulations for tn,
~ proper government of the affairs of SAID
% corporation may be necessary ant
n proper.
he ARTICLE 1.-THE dOmicle of said cor
a. poration shall be in the City of New Or
lie leans, State OF Louisiana, and all citatioE
E. and other legal process shall be served
D upon the President of said corporation
or in his absence upon the Vice President
thereof, or in the absence of said Of
: ficers, upon the Secretary of said cor
J. poration.
ARTICLE III-The objects and pur-
= poses for which this corporation is or
$ ganzed and established and the nature
Y of the business to be carried on by il
: are hereby declared to be:
To carry on the business of manufac-
turing. refining and processing Of min
/, eral, vegetable and animal oils and fats
and their various by-products.
To engage in the transportation Of min
eral, vegetables and animal oils and fats
and their various by-products either pro-
duced by this corporation or other persons
or corporations, by means of pipe lines
| tramways, railroads, boats, barges or
other cOnveyances or to lease or suitcase
all or any part thereof to other persons
| or corporations for the like purpose, and,
in order TO fully carry out said objects and
purposes, to purchase, lease, or otherwise
| acquire, pipe lines, tramways. railroads,
boats, barges, tank cars, locomotives,
pumping stations, steam plants, air plants
| and all other machinery, apparatus and
paraphernalia necessary or incidental
thereto.
To build. construct. lease, purchase or
otherwise acquire buildings, machinery |
and other apparatus for refining smelt- |
ing. manufacturing or otherwise working |
up the products of mineral, vegetable and |
animal oils and fats either produced by
this corporation or other persons or cor
poratiOns, and to refine, smelt manufac-
animal oils and fats and their by-products
OF said oils and to operate-the said plant
and market the products or by-products
as manufactured to the best advantage.
To carry on such other business per-
tanning to the manufacturing, refining and
processing of mineral, vegetable and
animal oils and fats ad thei by-poducts
as may be found necessary or desirable
or such as is generally engaged in by a
corporation Of this kind.
ARTICLE Iv-The capital stock Of this
corporation Is hereby fixed at the sum
of Forty Thousand Dollars ($40OOO)
divided into and represented by Four
Hundred 400 shares of stock of the
par value of One Hundred Dollars (slOOOO)
each. Said stock shall be paid for in cash
at such time. in such amounts and after
such notices to the subscribers as may be :
fixed by the board of directors and the
same may be issued at not less than par
for labor done or property actually re- {
ceived by the corporation {
The amount to which the capital stock
of this corporation may be increased I
shall be the sum of two hundred thous- u
and dollars (S200OO0).
This corporation shall become a going :
concern and shall be authorized to do n
business as soon One-half (B) of it's h
capital stock shall have been subscribed h
TO.
ARTICLE v-An Of the corporate pow b
RS of this corporation shall be vested in
md exercised by board of directors n
Composed Of three (3) stockholders. two
2l of whom shall constitute a quorum In
'aid directors shall be elected annually on al
he first Monday In January of each year m
4 a general meeting of the stockholders, 50
kept the first board Of directors which h
hall be elected at the first meeting Of O.
to be held on October 5th, di
922. at 1000 a. m, at 1901 Hibernia ca
tank Building, New Orleans. Louisiana, al
Tho shall hold their offices until the first ns
fonday in January. 1924. or until their az
uecessors shall have been duly elected co
nd qualified. qu
All such elections shall be held nv hal 40
It and conducted at the office of the cor "a
Grafton under the supervision Of two (2) or
anna to be appointed by the at
~ and of all other stockholders meet tn,
lgs shall be given in the manner pre-
. ribd Sy law, and when not so pre- 10,
g shall be deposited. at least fifteen u5) an
lys prior to the date of such meeting in "a Tn
e post office Of the City of New Or 10
ans. postage prepaid, properly addressed pc
each stakeholder at his last known or
sidence or place Of business oel
At all such elections and at all corpo- sn,
te meetings every stakeholder shall be hal
ltitled TO one vote for each share of nh
ock standing In his name on the books let
the corporation, to be east by him in m
,rson or by his written proxy, and a sci
ajority Of the votes cast shall elect. fra
ANY vacancy or vacancies occurring phi,
nong the directors by death, resigna. qui
,n or otherwise, shall be filled by cleo nal
On for the unexpired term by the re- cor
aiming directors. ger
The failure to elect directors on the dav sar
owe specified shall not dissolve the cor. to
,raion, nor impair its corporate ex-
VI management, out the directors st0
en- In office shall remain in Office untii clal
enr successors are elected and Qualified. dol
me board Of directors SHALL annuaIIv DIRE
It's hrst meeting after election. elect hun
, on,, ns own number president, vice sto,
es,oent ana secretary and a treasurer for
II may elect one ~ person who shall or
. oSeh secretary and treasurer who need to
:. De member of the board of direc- Dir
-; Inc onice OF president may also be vest
y, ,,oi t with the office of treasurer. so pas
:, = .ne person elected to president Of acql
% eos'poIation may perform the func- dere
no y, ootn president and treasurer. The will
"a vi .',,. vice president may be also com ri
Gu Win the onfce Of secretary, so that he
=, p as eiected vice president may per arti,
r 20 sne ouares OF both vice-president and subs
a,y:; Inc board Of directors NAV in q
lries neither ~ who more assistant Sec bust
he board mr. stocthnIsneeu De members mon
,sr ne board Of directors shall have Ar
srch u s auu.nority to name and appoint pc, He II
Tees as may be deemed necessnu en- by
on $50 ana business Of this corpo- AR
III. oaIu BOARD shall have power and of tn
,o ~ 70 NIX the compensation and Boar
,a. '"e 9utles or every officer and en- Diect
anu al ontcers and employees more
oiu onlce and employment at tbe who
vi said board nual
no board may make and establish 90 vacaI
as after and amend, any and All hx' what
ruies and regulations NECESSARY ana the
81. ts Judgment for the conduct may
anu management Of the business MS
a.airs oI said corporation. ana