The herald., 1922-08-31
CHARTER.
CHARTER OF BOWIE OIL & GAS CO.
INC.

twenty-five Q922). before me. Watt
X. Leverich, a notary public, in and 70
the Parish of Orleans, State of Louis
lana, duly commissioned and qualified
and in the presence of the witnesse
hereinafter named and undersigned
personally came and appeared. the sew
eral persons whose names are herunt'
subscribed, all of the age of majority
who declared that, availing themSelve:
of the provisions of the laws of thi:
state relative to the organization o.
corporations, they hereby form them
selves into and constitute a corpora
ton. for the objects and purposes. and
under the stipulatiOns hereinafter SCI
forth.
ARTICLE THE name and title OF
this corporation shall be Bowie Oil &
Gas Co.. Inc, and under its corporal,
name II shall enjoy succession for the
term and period of ninety-nine years
from and after the date hereof. and
shall have power and authority to con-
tract. sue and be sued. to accept and
receive mortgages, pledges. or other
hypothecations: to make and use a cor
pOrate seal. and the same to break and
alter at pleasure: to purchase. receive,
lease, hold, or otherwise acquire and
convey, as well as mortgage and by
pothecate under it's corporate name
property, both real, personal and mixed;
to borrow money and make and issue
bonds and other evidences Of debt, and
TO secure the same by mortgages or
otherwise; to name and appoint such
managers and directors. officers and
agents as the interest and convenience
of said corporation may require. and To
make and establish. as well as alter and
amend at plea sure such bylaws rules
and regulations for the management
and regulation of the affairs of the
corporation as may be necessary, proper
and convenient
ARTICLE 1.-THE domicile of this
corporation shall be the City of New
Orleans, and all citations or other legal
process shall be served upon the presi-
dent of the corporation, or. in his alb
sence. upon the vice-president.
ARTICLE fiI-The objects and pur-
poses for which this corporation is es-
tablished and the nature of the bust
ness to be carried on by it, are declared
and snecified TO be: To mine dig and
drill for. or otherwise obtain from the
earth. oil, gas, sulphur. salt and other |
minerals: TO manufacture. refine, pre- |
pare for market buy and sell and trans |
port the same in the crude or refined |
condition; to acquire for those purposes |
oil. gas. sulphur salt. coal and other
mineral lands and lease-hOldS and other |
interests or rights in real estate or /
minerals: TO construct and maintain |
and lines of tubing and piping for the |
transportation of natural gas and for
oil: TO buy. sell hold lease. mortgage
ALLEVIATE. and deal in real estate of all
sorts: to drain. reclaim. colOniSe. de-
velop and improve lands: to erect build
ingS and other structures and to oDer-
ate lease. or otherwise handle them
and deal therein: to construct, acquire.
maintain and operate all railroads.
tramways, telegraph and telephone
lines. canals, waterways. boats. and
other means of transportation neces-
sary or convenient in prosecuting the
business of the company; to construct
and operate hotels. warehouses and
general stores: to issue bonds. mort
cages, and hypothecations to the ex-
tent necessary or proper for its bust
ness; to acquire and hold. sell. encum-
Der. or dispose of stocks and bonds of
other companies to the extent permitted
by law: to exchange its entire capital
stock or any part thereof for property
which IL is authorized to acquire. or to
exchange its entire assets and bust {
ness. or any part thereof. for property. {
stocks. bonds or other obligations Of I
other companies; to hold stock in other
corporations: to perfect and acquire q
patent rights. improvements. or pro- I
cesses; and TO do and transact all bust {
ness as properly connected with. Incl I
dental. or convenient to any of the said a
obligations and purposes. r
ARTICLE IV-The capital stock OF '
this corporation is hereby fixed at one a
million dollars $4,000. 100000. to he T
divided into and represented by ten 7
100000 shares of a par value I
of one hundred (s100.00)) dollars each ?
which shall be paid for in cash. or may !
be issued for property actually received
by the corporation, or for services I
rendered. This capital stock NAV be a
increased up to the sum of five million
ARTICLE V-All the powers of this 5
CORPORATION shall be vested in and ev-
ercised by board of nine (9) directors.
The board shall elect from their number y
a president, a vice-preSident. a Secre-
tary and a treasurer. and such other =
as they may think proper or u
for the carrying on of the "
company's business, and shall have u
power to unite two or more offices. and %
the same to confer upon one person, or v
to dispense with any office in it's dis Il
erection. and to fix the salaries of all
officers. agents and employees. The 4,
board of directors shall be elected an :,
nually, on the second Monday of June n
of each year, the first election to be /;
held in the year 1928. All such cleo a
tons shall he by ballot at the office K
of the corporatiOn. Notice of annual a
meetings as well as of special meet Il
ings of stockholders except as other a
wise specially provided by law. shall n
be given by written notice mailed fiji a
teen G5) days in advance of the date o.
for such meeting, to each stakeholder b
as such on the books of the
dress, or at the General Delivery at 81
New Orleans Louisiana, If he has not G
designated an address. Each share n
holder shall be entitled to one vote for 81
each share of stock standing in his d
name on the books of the company 81
said vote to be cast in person or by p:
proxy, and a majority of the votes cast oil
shall elect The board of directors ca
shall have power to fill all vacancies b'
which may occur, or in any manner oil
arise or be created on the board of di- al
'ectors, even though no quorum remain pi
~ the time such vacancies are to he
Tiled Failure to elect directors on the pt
lay above specified shall not dissolve eN
he corporation, but the directors then 81
n office shall remain in office until 10
heir successors are elected. The board ql
II directors shall have power to make ne
md establish. as we'll as alter and SO
imend, all bylaws rules and regula- an
ions necessary and proper for the 70
import and management of the affairs III
ma business of the corporation and II
ot inconsistent with it's charter The -.
oard shall have power, without referr- ~
ne TO the stockholders. to borrow III t.,
money execute mortgages issue notes 80
hedges, bonds, or other obligations, in a.,
nch amounts and on such terms as in ao
heir judgment may he advantageous; e.
NJ generally to do all things reason
lplV necessary or convenient for the ,o,
roper carrying on of the business Of eeo
ne corporation: and they are snecialIy IT,,
uthorized to issue and deliver fulI maid t ~
mares OF stock or bonds or obIirations SI
the company, in payment of property o.
cquired by said corporation, and es- >
ecially in payment or part payment for mi
III or mineral lease made to IL nv tbf
'ow1e Lumber Co, Ltd, or other ner- an,
ons or corporations at such valuations | str
$ in their judgment may be proper tor
hree or the directors shall constitute da'
quorum for the transaction of busi- de-,
ess. The board of directors shall have the
lie power, by a vote of not less than va,
vo-thirds of all directors, to sell ali by
any part of the property. movable sh;