The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-14
CHARTER.

and of the independence Of the United
States of America, the one hundred and
erich, a notary public, duly commissioned
and qualified in and for the parish of
Orleans, state of Louisiana, therein re-
siding, and in the presence of the wit
nesses hereinafter named and under;
signed, personally came and appeared
the several persons whose names are
hereunto subscribed who declared t thit
state relative to the organization OF cor,
agreed and do by these presents cove
nant, agree, bind, form and constitute
themselves. as well as such persons as
may hereafter join or become associated
with them; into a corporation or body
polite in law. for the objects and pur-
! poses and under the agreements and
stipulations following, to-wit:
ARTICLE l. The name and title of
| this corporation shall be Champion Oil
Company, Inc, and under its corporate
| name it shall enjoy succession for the
/ full term and period of ninety nine years
| from and after the date hereof, and
shall have full power and authority to
contract, sue and be sued; to accept ana
receive mortgages, pledges or other by
| pOthecations; to make and use a cor
/ porate seal and the same to break and
1 alter ut pleasure; to purchase, receive
a lease, hold or otherwise acquire and con-
, vey. as well as mortgage and hypothecate
under its corporate name, property, both
| real, personal and mixed; TO sell ana
| dispose of all of its entire property ana
assets, or to exchange the same for prop
| erty, stocks, bonds or other obligations
| of other companies, firms or individuals;
| to borrow money and make and issue
bonds and other evidences of debt and
/ to secure the same by mortgage and
otherwise; to subscribe to and hold stock
in other corporations; to acquire, hold
| and reissue shares of its capital stock !;
to carry out all the objects and purposes
and do all the things hereinafter set out /;
to name and appoint such managers ana
| directors officers and agents as the IN
terest and convenience of said corpora
ton may require; to make and establish
as well as alter and amend at pleasure
such bylaws, rules and regultions for
the management and regulation of the
affairs of the corporation as may be nee
essary, proper or convenient; ana gen
eraly TO do all such acts and Things as
trading corporations are or may be au-
I thorized to do under the laws of the
, state of Louisiana.
ARTICLE III. The domicile of this
corporation shall be in the parish OF
Orleans, state of Louisiana, and all eita-
tions or other legal process shall be
, served upon the president of the COM
pany, or, in his absence, upon the VICE
president.
ARTICLE III. The objects and pur-
r poses for which this corporation is or
= ganized and the nature of the business
to be carried on by 1t are hereby de-
, clared to be: To mine, dig and drill for
or otherwise obtain from the earth, oil
/, gas, sulphur, salt and other minerals
. to manufacture, refine, prepare for mar
ket, buy and sell and transport the same
: in the crude or refined condition; tC
acquire oil, gas, sulphur. salt and other
mineral lands and leaseholds and othei
interests or rights in real estate or min
erals; to construct and maintain pipe
lines and cOnduits for the transportation
of natural gas or oil or other minerals
to buy, treat. refine. handle, sell and
m
s mineral products of all sorts; to own
, charter and operate tanks, steamships
S barges, tugs and other water craft; e
: carry on every sort of business incidenta
4 to or convenient in connection with thu
a business of producing. treating, refnins
: and or dealing in oil, gas, petroleum
kind and character; to construct and
!, maintain tanks and to store oil anC
!, petroleum products, and to carry on the
business of public warehousemen: to &C
lquire and hold stocks, bonds, obligations
;. and securities of other corporations; q
4 exchange its entire capital stock or an,
I. part thereof for property which 1t il
|, authorized to acquire; to exchange o.
/, sell its entire assets and business o.
: any part thereof for cash, property
8 stocks, bonds or other obligations o
b buy, sell. hold. lease, mortgage, alienat
and deal in real estate Of all sorts; T.
). drain, reclaim, colonize. develop and i'm
prove lands; to erect buildings and othe
e wise handle them and deal therein; {
:. operate commissaries. warehouses, board
y ing houses and general stores; to manu-
y facture. purchase or otherwise acquire
q own. mortgage. pledge, SELL assign an
70 transfer, or otherwise dispose of, to in
Is vest. trade, deal in and deal with good.
m wares and merchandis and real and per
{, sonal property Of every class and de
l. scription; to acquire. hold, use, sell, as
5 sign, lease, grant licenses In respect Of
mortgage, or otherwise dispose Of letter
Of ha Or
10 country. patent rights, licenses and priv
v ileges. inventions, improvements and Pre-
Of cesses. copyrights, trade marks and trade
i. names. relating to or useful in connectio
% with any business Of this corporation
m to issue bonds. debentures or obligation
81 Of this corporation from time to tim
~ ~ the corporation, and to secure the sam
=. by mortgage, pledge. deed Of trust G
.. otherwise; to purchase. hold, sell an
IN transfer the shares OF its own capt,
or property for the purchase Of Its ow
shares of capital stock when such US
RS would cause any impairment OF its cal
Ill Of its own capital stock belonging to
he shall not be voted upon directly or IL
be directly; and generally to do and tran
act all such acts and things as gener
he trading corporation under the laws {
is the state Of Louisiana is authorized to d
d. ARTICLE Nv. The capital stock Of tn
in corporation is hereby fixed at the sum
W. Fifty Thousand Dollars ($50O000O), divi'
o. ed into and represented by Five HUI
Ii bred $500 shares of the par value
~ One Hundred Dollars ($100.0O per shar
n. The amount Of the said stock may
he increased to One Million Dollars Isl 0Ot
at OO0OO). No transfer Of stock shall
-. binding upon the corporation unle
=. made and recorded upon its books.
st stakeholder shall have a right to sell
he convey any Of his or her stock In q
ne ne corporation unless and until he or 81
a. shall have first made written offer
=. the other then stockholders Of the co
NC poration, and to the corporation itse
"a to sell his or her stock to them at q
on same price as that at which bona fl
pe written offer from an outsider may ha
10 been received. The written offer to {
In other then stockholders and to the co
on poration itself required by this provisi
IN shall be addressed to such other tn
or stockholders and the corporation its'
cy collectively, and shall be delivered
IN the office Of the corporation not less tn
X ten days prior to the application
transfer of the stock to an outsider. t
his corporation shall transmit this offer
or the respective then stockholders. and I
Of stock Of the stakeholder desiring to 9
an shall be distributed pro rata among su
he Of the other stockholders as desire
In. purchase, in the proportions which
81 holdings Of the stockholders DESTROYS