The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-25
CHARTER.
CHARTER OF BIENyILLE OIL COM
PANY. INCORPORATED

State of Louisiana, Parish Of Orlean:
City of New Orleans, BE it known. that o.
this 18th day of April 1922, before M
W. Morgan Gurlcy, a notary public, dul!
commissioned and qualified in and 10
the Parish of Orleans, state of Louisiana
and in the presence of the witnesses mere
matter named and undersigned, personal
~ came and appeared the several persons
whose names are hereuntO subscribed wht
severally declared that availing them
selves Of the laws of the state of Louis
lana. relative TO the organization of cor,
porations. and particularly Act No. 30
of the General Assembly OF 1914, and
Acts amendatOry thereof they have cove
nanted and agreed and by these presents
covenant and agree and bind themselves,
as well as all other persons who may
hereafter become associated with them,
10 form a corporation and body polite IN
law for the objects and purposes and un-
der the stipuations hereinafter set forth,
which they hereby adopt as the charter
of this corporation.
ARTICLE The name and style Of
this corporation shall be Bienyille oil
Company, Incorporated, and its dOmcile
Is hereby fixed in the City of New Or
leans. Parish of Orleans, State Of Louis
lana. where by said name it shall exist
and enjoy corporate existence and success
sion for a period Of ninety-Ein C9l
years. from this date. unless sooner dis
solved by law or in the manner herein
after stipulated.
ARTICLE Hinder said name and
style. said corporation shall have the
power to contract, sue and be sued. 10
make and use corporate seal, the same
to alter, change or amend at pleasure; To
adopt make and enforce such bylaws,
rules and regulations for its government
as il may choose, nos contrary to the
laws of the United States, the laws of the
State of Louisiana. or this charter; 10
employ and fix the compensation of such
officers. employees agents the in
terest of the corporation may require: TO
l.,
cate, convey, sell, pledge or mortgage
real estate and personal property; to bOr-
row money; to issue negotiable paper or
notes, or other evidence of debt; and
generally to do and perform any and all
other acts and things necessary and pro-
per, or incident to the successful opera
ton and carrying out of the business ont |
lined in the objects and purposes of this |
corporation, all according to law, and as |
may be deemed necessary and proper by |
the board of directors.
ARTICLE III-The objects and pur-
poses of this corporation are hereby de- |
and personal property and to develop
same; and to locate, lease and acquire I
lands with the exclusive right to pros
pect, to drill, mine. bore and sink wells
port oil. petroleum and gas; to salvage.
reclaim, clean. operate and maintain oil
wells; to carry on the business of storing
and prospecting for, mining, producing,
porting, buying and selling petroleum
and other oil products and by-products;
TO buy, sell, furnish and supply the
same; to operate, build, construct, pump
and maintain oil and gas wells: TO build
and construct, purchase, maintain and
operate warehouses, pumping plants. pipe
lines. refineries, factories. mills work
shops, laboratories and dwelling houses
for workmen and others; and generally
to- do and perform any and all other
things necessary and incident to the car
rying on and operating of a general oil
and gas producing and marketing bust |
ness.
ARTICLE Iv-An citations and other
legal process shall be served upon the !
president Of the corporation or in his alb =
'ence upon the secretary treasurer. or. in |
he absence Of both of these officers, upon
he vice president, at the domicile of said
corporation. as herein fixed. ,
ARTICLE V-The amount Of capital
Jared to be s1OOOOeOO Zone hundred =
thousand dollars) to be divided into 10000 a
mares OF the par value Of 5000 (ten dol "
arsl each, all Of which shall be common h
took. y
That more than fifty per cent Of said =
apital stock has been subscribed for and :
more than fifty per cent of that sub :
cribed for has been paid in by transfer I
Il property as shown on statement and d
0 and made part hereof. 9
ARTICLE VI-AH power OF this cor 8
oration shall be vested In a board OF d. q
ectors, composed OF seven stockholders. | q
xcept that the officers Of said corpora- n
ION have and exercise the power granted Il
corporate officers by section 16 of Act n
70. 261 Of 1914. A majority of the board +,
I directors shall constitute a quorum for a
transaction of all business. and ma /,
'rity vote OF the quorum present at any IL
leeting shall be empowered to do valid Ii
-.