The herald., 1922-08-10
CHARTER OF PEERLESS OIL COM
PANY, INC.

PANY. INC.
State Of Louisiana, Parish Of Orleans,
City of New Orleans. Be ii known, that
on this first day of July: in the year of
and Twenty two, and of the Independence
of the United States of America, the One
Hundred and FOrty-sixth. Before me.
Cornelius VIM. Puneky, a notary public.
duly commissioned and qualified in and
for the Parish of Orleans, State of LOuisi-
ana, in the presence OF the witnesses
hereinafter named and undersigned, per
sOnally came and appeared the parties.
whose names are hereunto subscribed. all
of full age, who declared, that, awaiting
themselves of the provisions of the laws
of this state relative to corporations, they
have covenanted and agreed, and by these
presents covenant and agree and bind
themselves, as well such other persons
as may hereafter become associated with
them to form and constitute corpora
| ton and body polite in law. for the pur-
poses and objects and under the stipula-
! lions and articles following, to-wit:
ARTICLE 1.-The name of this corpora
ton shall be the Peerless Oil Company,
Incorporated.
for which this corporation is organized
and the nature of the business to be car
ried on by IL are declared to be to own
and operate the business of wholesale and
retail distribution Of petroleum and its
products, such as gasoline, Kerosene.
| greases and oils of every description: to
enter into and execute contracts of every
| kind pertaining to said business; to buy.
| sell, lease, mortgage, pledge, hypothecate
| or assign, or improve real, personal or
| mixed property corporal or incorpOreal
! in connection with said business and gem
orally to do all things that may be neces-
sary or incidental to the objects and pur-
! poses above expressed.
! ARTICLE III-The capitar stock Of this
| corporation shall be Ten Thousand Dol
lars (Sl0,O0O.00), divided into and repre-
sented by Two Hundred (2O0) shares of
| the par value of Fifty Dollars $4,000
each, payable in cash, property or good
will.
| The corporation shall commence doing
business soon as Five Thousand Dol
lars ($5.O00.OO) capital stock shall have
| been subscribed and fifty per centum of
| said amount shall have been actually paid
| for as aforesaid.
Any stakeholder may sell, assign or
| transfer his stock in this corporation.
provided thirty days notice of such in
| tention to sell, assign or transfer the
| same be given the corporation, and the
! other stockholders shall have the first
privilege of purchasing same at par value.
after which thirty days notice the said
| stock may be sold in open market.
ARTICLE Iv-The domicile of said cor
pOration shall be in the city of New Or
leans, State of Louisiana.
| The president, or in his absence, the
vice president shall be the proper person
upon whom citation or other legal process
shall be served.
solved shall exist and continue for the
period of ninety nine years from and
after the date hereof.
ARTICLE V-All corporate powers shall
be vested in a Board of Directors COM
posed of three stockholders. The Board
of Directors may fill vacancies in their
number, however caused, by electing from
among the stockholders.
The first Board of Directors shall con-
! sist of Charles A. Emling, L.. j. Wagner
addresses are 912 TchoupitOulas St.. New
Orleans, La.
Said board shall continue in office until
the first day of July 1923, on which date
and thereafter, annually, Board Of Di-
rectors shall be elected on the first
Thursday of July of each year. unless the
same shall be a legal holiday when the
election shall be held on the next lega
DAY thereafter.
The said board is further authorized
and regulations as the affairs of the cor
pOration may require, and as 1t may
deem necessary for the conducting and
management thereof.
ARTICLE VI-This charter may b,
amended and the capital stock of thi;
corporation may be increased or de
creased, or the corporation may be dis
solved in the manner and method pro
vided by law.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation IL
any further sum than the unpaid balanc,
on the stock for which he has subscribed
nor shall any mere informality in organ
ization have the effect Of rendering thi
charter null or exposing a stakeholder L
any liability than above provided.
, | ARTICLE yIII-Whenever this corpor
alton shall be dissolved, whether by hmi
tation or from any other cause. the af
fairs thereof shall be liquidated by thre
(3) stockholders to be elected and quail
| ied in the manner provided by law. Ant
. they shall continue in office until the af
fairs of this corporation shall have Deel
fully HQuidated. In case Of the death o
one of the liquidators, or his refusal o
inability to serve, the remaining hquida
tors may themselves proceed with all IN
power and authority vested In the full
membership.
, ing for the respective number of share
of the capital stock of this corporation
as set forth after their names have mad
! full and complete payment for same II
$4,000 90 Of the amount subscribed ha
J been made, and accepted by the presen
Board of Directors at a full valuation
made by them, in the property and goo'
will an itemized statement or It's Naiu
hereby placed by said directors. as fol
lows:
Item 1. Fifty-five delivery cans. ., :
Taken at ::;,. - ToNt -o''
i'em . fCasoiine, ... 2s14
Item g. One Gouids Rotary Pump 1876
!. Item f. Two Tanks &c. D....... 20
Item 5. One desk and chair. 2O.O
| Item 8. One typewriter. Under
1tmez ONE %o0 Ford automobile. 2sI5