The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16
CHARTER OF
CHAMPION OIL COMPANY, INC.

that on the 10th day of the month Of
November, in the year of our Lord, one
Thousand nine hundred and twenty two,
and of the independence of the United
States of America, the one hundred and
/ forty sixth, before me, Watts II. Lev
erich, 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 that
| availing themselves of the laws OF this
porations they have cOvenanted and
agreed and do by these presents cove
| nant, agree, bind, form and constitute
| themselves, as well as such persons as
with them, into corporation or body
polite in law. for the objects and pur,
poses and under. the agreements and
stipulations following, to-wit:
ARTICLE /. 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 and
receive mortgages pledges or other ny
pothecatiOns; to make ana use cor
pOrate seal and the same to break and
alter at pleasure; to purchase, receive
lease, hold or otherwise acquire and con
under its corporate name, property, both
real personal and mixed; To sell and
! dispose of all of its entire property and
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 ana
otherwise; to subscribe to and hold stock
in other corporations; to acquire, hold
and reissue shares of its capital stock !;
80 oil tha oh iant nd
and do all the things hereinafter set out (;
to name and appoint such managers and
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; and gen
eraly to do all such acts and things as
trading, corporations are or may be au-
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 cita
tions or other legal process shall be
served upon the president of the com
pany. or, in his absence, upon the vice
president.
ARTICLE Ill The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
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: TO
acquire oil. gas, sulphur, salt and other
mineral lands and leaseholds and other
interests 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
1 AN hnn soil a M
deal in oil, gas, petroleum and other
mineral products of all sorts; to own
charter and operate tanks. steamships
barges, tugs and other water craft; TO
carry on every sort of business Incidental
to or convenient in connection with the
business of producing. treating, refining
and or dealing in oil. gas. petroleum
and or other mineral products of every
kind and character to construct and
maintain tanks and to store oil and
= petroleum products, and to carry on the
business of public warehOusemen: to ac'
quire and hold stocks bonds. obligations
and securities of other corporations; to
exchange its entire capital stock or any
part thereof for property which 1t Il
authorized to acquire; to exchange OF
: sell its entire assets and business oil
any part thereof for cash, property
stocks. bonds or other obligations OF
) other companies, firms or individuals; tt
= buy, sell, hold, lease. mortgage. alternate
and deal in real estate Of all sorts; tC
: drain, reclaim, COLOMBO. develop and i'm
4 structures and to operate, lease or other
E wise handle them and deal therein: e
operate commissaries, warehouses, board
ing houses and general stores; to manu-
| own, mortgage, pledge, sell, assign an6
$ transfer, or otherwise dispose OF, to In
+ vest. trade, deal in and deal with goods
: wares and merchandise and real and per
sonal property of every class and de
scription; to acquire, hold, use. sell, as
sign, lease, grant licenses in respect OF
l.. aA lAtt
Z patent Of the United States or any foreign
country. patent rights, licenses and priv
ileges, inventions, improvements and pro
cesses, copyrights, trade marks and trade
: names, relating to or useful in connection
= with any business of this corporation
= to issue bonds, debentures or obligation
! OF this corporation from time to time
+ for any of the objects or purposes o
the corporation. and to secure the SAM
. by mortgage, pledge. deed of trust o
e otherwise; to purchase, hold, sell AM
stock. provided it shall not use its fund
I or property for the purchase Of its owl
! shares Of capital stock when such US
d would cause any impairment OF its cap
:, ital: and provided further. that share
e Of its own capital stock belonging to
d shall not be voted upon directly or In
: directly; and generally to do and trans
J, act all such acts and things as a genera
d trading corporation under the laws o
: the state Of Louisiana is authorized to dc
!. ARTICLE ". The capital stock Of thi
corporation is hereby fixed at the sum o
h Fifty Thousand Dollars ESQ 0OO, divid
:. ed into and represented by Five Hun
! bred $500 shares Of the par value @
!. One Hundred Dollars (S10000) per share
!, The amount of the said stock may b
u increased to One Million Dollars $1,000
Il OO0O0). No transfer of stock shall b
= binding upon the corporation unles
g made and recorded upon its books. n
q stakeholder shall have a right to sell o
: convey any of his or her stock in tn
[: corporation unless and until he or sh
: shall have first made a written offer
l. the other then stockholders Of the col
n pOration, and to the corporation itsel
: to sell his or her stock to them at tn
: same price o. that at which a bona fid
.e written offer from an outsider may hay
n been received. The written offer to tn
= other then stockholders and to the col
r poration itself required by this provisio
- shall be addressed to such other the
IL stockholders and the corporation itse
% collectively, and shall be delivered
l. the office Of the corporation not less tina
e ten days prior to the application fo
= transfer of the stock to an outsider. tn
a the respective then stockholders, and tn
10 stock Of the stakeholder desiring to Sc
l. shall be distributed pro rata among sue
r Of the other stockholders as desire
II purchase, in the proportions which III
" holdings of the stockholders DESTROYS {
g purch sing bear to each other; and
the total which such other stakeholder
II desire to purchase is less than the tots
q offered for SALE then, after each OF IN
- other stockholders shall have taken an
maid for the amount of stock which