The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-23
CHARTER.
to act etc, upon the vice-president or Sec
rotary, in the order named.

to act etc, upon the vice-president or sec
rotary, in the order named.
ARTICLE 1.-THE capital stock of this
corporation is hereby fixed at the sum OF
fifty thousand dollars $50, OOO.OOl. all of
which shall be divided into and represent
ed by five thousand (50OO) shares of the
par value of ten dollars $1,000 each.
The capital stock of this corporation
may be increased by the board of direc-
tors without reference to the stockholders
to the sum of one hundred thousand dol
lars ($1O0,OO0.O0). Stock may be paid for
! in money, in services rendered the cor
pOratiOn, or in property regularly trans
fered to the corporation, all ?s may be de-
termined by the board of directors
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized are hereby declared to lease,
| buy and sell real estate, and mineral
rights: to own and operate drilling ma
chinery, and to drill and mine for oil, gas
or other minerals. To own and operate
| pipe line, barges or other vehicle of trans
| pOrtatiOn necessary to the conduct of a
general oil and mineral development on
| lands owned or leased by the corpora
! ton, and to do any and all things neceS-
/ Sary or incident to the general develop
ment of gas. oil or other mineral. and in
general to do any and all things incidental
| or pertaining to oil, gas or mineral de-
velopment, and marketing and sale there
| of.
| ARTICLE Iv-The corporate powers OF
|
| board of five 90 directors, a majority of
! whom shall constitute a quorum for the
| transaction of business.
The first board of directors of this cor
pOratiOn. shall be composed of +. Otway
! Denny, John j. RObira, Geo. III. Hodge
! William Badon and Warren V. Miller
with +. Otway Denny as president; John
]. RObira as vice-president, and Warren
| V Miller as secretary treasurer, and said
| o :icers and directors of this corporation
shall serve as such until the second Tues
day in March. 1923, or until their success
sors shall have been elected and duly
qualified.
! The meetings Of the stockholders fol
| the election of directors shall be helC
yearly on the first Tuesday in March, be
ginning with the year 1923.
The board of directors shall have thu
! right to eject without reference to
stockholders meeting, any stockhOlder t,
| be a director, whenever vacancy shall
exist on the board of directors through
absence, death, resignation, or inability
| to act.
ARTICLE V-The corporate powers o
this corporation are expressed and Sc
forth in Section Seven of Act Number 20
of the Louisiana Legislature of the yea
! 1914 and shall be duly employed by anC
| thru the board of directors.
The duties of the several officers shall
be set forth in the bylaws which shall
be adopted by the board of directors an,
amended and altered at their WILL
VINO StOtknOlutrS OF Uni
corporation shall ever be held liable TO
any debts of the corporation other than &
the amount of his or their unpaid sub
scriptiOn to stock, and no infOrmalitie
herein shall render them liable in tn
premises.
ARTICLE VII-Amendments of thi
charter or liquidation of this corporation
shall be subject to the provisions of SAT-
Act Number 267 of the Louisiana Legis
lature of the year 1914.
Thus done, passed and signed on tn
day and date first hereinabove written, il
the City of New Orleans, in the presenc
of +. NJ. Mitchell and +. Z. Beeson, com
petent witnesse. who have signed here
unto together with said appearers and me
notary, after a due reading of the whole
Witnesses: f. NJ. Mitchell, +. f. Bee
son.
| ORIGINAL SIGNED:
+. Otway Denny, 1889 Canal St, New
Orleans. one share; William Baden, pc
+. Otway Denny, Lafayette, La, one share
Geo. III. Hodge. So st. Charles St, New
Orleans, La, one share: John j. RObira
Jennings, La, one share; Warren V. Mil
FER, 420 Whitney Bldg, New Orleans, on
share.
(Signed): GUS. A. LLAMBIAS,
Notary Public
A true copy:
(Signed): GUS. \. LLAMBIAS,
Notary Public
Mch. 9-Apr. Is