The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-23
CHARTER.

laDOr performed. The capital stock may
be increased to one million $1,000, 00O.O0)
dollars.
Shares of stock shall be transferable
only upon the books of the corporation.
| ARTICLE N-All of the corporate pow
! trs vested by law or by this charter shall
be exercised by the board of directors
or this corporation, including the right
! 10 manage, control aud direct the affairs
! OF the same, the corporate policy, and To
| sell the corporation or merge the same
into another corporation, and to take in
! payment of any such sale or merger cash,
| bonds, notes or stock of the purchasing
| or merging corporation, or of the new
| corporation created for the purpose with
out the necessity of referring either or
| any of said acts to the stockholders.
The board of directors Of this corpora.
iloh snail be composed of five stock
! holders, who shall be elected annually on
the second Monday of January of each
year The first board of directors of this
corporation shall be composed OF Peter
\. Cooney. Percy ). Cooney. Joseph j.
ingoha, Lee McCrocklin and Albert Tul-
us, who shall hold Office until the next
annual meeting on the second Monday of
January, 1873, with Peter A. Cooney as
president; Percy s. Cooney, as vice presi-
dent, and Joseph ii. Ingolia, as secretary
treasurer. Failure to elect a board of
directors at any annual or adjourned
meeting of the stockholders shall con
J tnue the then existing board in office un-
| AZ az t!e stockholders elect new board of
directors az meeting called for that pur-
! pose or at any annual meeting The cleo.
/ tlon OF the board of directors shall be
proceeded by three days written notice
| 10 The stockholders. delivered in person
| or sent by mail to the address given i'm
the current city directory, unless the ad-
dresS OF such stakeholder shall have been
frcgiStcred with the secretary, and in de-
iault of either. care General Delivery. New
orieaDS, Louisiana. The election shall be
h"ld at the Office of the CORPORATION at
c cuch hour as may be fixed by the in
.un,Deit board of directors and under the
supervision OF three commissioners ap-
| pointed by the same At such meeting
each stakeholder shall be entitled 10 one
hu,e 10 each share Of the capital stock
heid by him, and the person receiving the
nlShest number of votes east NJ said aIac
ZION shall he declared elected. and the
BOARD OF directors thus elected shall meet
anu orgahlze as soon after said election
as as possible. y majority of the whole
poaru snail constitute a quorum and di-
rertors absent or unable to attend may
,hnI, re- directors present to represent
them by written proxy filed with rho sac
retary' and with all the powers such all
sentee could exercise if present in person.
All routine business matters shall be
n uno,ued Dy the majority vote of the
quorum present at such meeting notwith-
stahdlng anything in this charter or the
iaW TO the contrary; but any matter or
tn Affecting the general policy, proper
y OF corporate rights of the corporation
shall be adopted only by the vote Of Tho
majority of stock held by the individnaI
members OF the whole board of direc
u III, anu proper minute entries shall be
maze to show these facts.
The board Of directors mav estahIish
u! -IaWs' rules and regulations for th.,
soNerhmeht OF the corporation and iit
nay also create committees for the man
h ns;nan OF me several departments of its
business, including an executive commit
zee zee OF not less than three CD members of
tue board, which committee shall be EN-
lowered TO exercise all the functions of
OF the board, save those herein reserved
!or the Iull board. The board of direc-
tors shall NIL vacancies occurring in this
20 "euH uurlng the term thereof. Meetings
Oh the board of directors may be held at
nucn times as shall be set by the board
itself, or at the call of the president and
Ut inc request of any two stockholders.
AkIlCLE NI-This charter may be
ahehded ana the capital stock Increased
ana decreased with the consent OF two
Ihlrus or All of its stock expressed at a
meeting called for that purpose, or in anv
other way permitted by law
d, AhTdSLE VIIIThis charter may be
OF the issued and outstanding conitaI
SUE expressed at a meeting called for
ina, mat purpose or In any way permitted by
ut; uPoh the dissolution of the corpo-
ration by limitation or otherwise the
stockholders shall elect from among their
numDer one or more liquidators and tix
s sions terms, conditions and other provi-
as the compensation of the liquidators
ARTICLE VIII-No stockholder shall
ever De held liable or responsible for tbe
cohtracts or faults of this corporation in
Any Any t furtner sum than the unpaid balance
I Iue inis corporation on the shares owned
Dy MN, nor shall any mere informality I'm
.ne organization have the effect of render
ing TINS charter null or of exposing the
unpaid balance '''o"u any
ARTICLE IX-wherever notice IL 70.
Iuirea Dy law or by this charter the same
may ne given in writing delivered in ner
son or sent to the last known address, as
Is prescribed in Article v OF this cbar
ler. and twenty-four hours wi be sufTi
othn Ior all purposes except where
oinerwlse prescribed by law ANY and
n. r ho.ices required by law or by this
CONSENT OF the board Of directors or the
stockhoiders, as the case NAV no and
, ,tc waiver shall be entered on the min.
III Thn oi t dnn meeting to which they apply
,9ice, In the City Of New Orleans. State
,. louisiana, on the date aforesaid in
I Inen presence pe of BENJAMIN W. Dart and
lereunto signed their names with The sail
parties, and they have set out their sd-
iresses and the number of shares held
~ ~ mem; and me, notary, after reading of
Dart. w. Dart' 1ohn
tORIGINAL SIGNED)
A. Cooney, 2235 shares: Joseph ]. In
soha, o shares: p. s. Cooney. 255 fnIl
I ,n "A: Tullis, 1 share; Lee McCrock-
'seaD HENRY p. DART. Jr..
Notary Public
| certify that the foregoing charter Of
me NATIONAL Oil Works of Louisiana, Inc.
. true and correct copy Of the original
On ME In my notarial arches
New Orleans, La. October 3Ist. 1927
'SeaD HENRY p. DART, Jr..
sr.rr o,, Notary Public.
PARISH OF ORLEANS
CITY OF NEW ORLEANS.
BEFORE me, the undersigned aptbor,,x
personally came and appeared PETE
Cooney and Percy g. Coopev. both -
Wnom declared that they are of age snd
TesIdents or the City Of New Or,eans GA
.nat they are two Of the original incornoi
rators OF National Oil Works az T.o,ia,
IVA, Inc that all OF the capital stocL ne.
follows, to-wit: pa'u ior as
1 y. Peter A; Cooney. New Orleans. In
nora,;an sres; oy the surrender to the cor
, porauon or 547 shares of the canitaI
49,, 49, OF the National on Works. Inc n
orporas NJ l organized under the state
,aans OF MIssissippi and now actively en-
n ze9 al IN business In this city. valued NJ
hn oa ny transfer and delivery To
~, ~ corporation OF one certain morfpaga
i"e mage n and subscribed by the Ma.
t o,1 Oil Works. Ltd. dated Anrii 3
MI, paVabla 70 he hPfh