The herald., 1922-12-07
CHARTER.

and of the independence Of the United
States Of America, the one hundred and
fOrty-sixth, before me. Watts X. Lev.
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
awaiting themselves OF the laws OF this
state relative to the organization of cor
pOrations they have covenanted and
agreed and do by these presents cove
nant, agree, bind, form and constitute
may hereafter join or become associated
with them, into a corporation or body
polite in law. for the objects and pur
poses and under the agreements and
stipulations following, to-wit:
ARTICLE /. The name ana 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 and use cor
pOrate seal and the same TO break and
/ alter at pleasure; 10 purchase, receive,
4, lease, hold or otherwise acquire and con-
, yey, as well as mortgage and hypothecate
| 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 and
! otherwise; to subscribe to and hold stock
| in other corporations; TO acquire, hold
! and reissue shares of it's capital stock
TO carry out all the objects and purposes
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 ii. The domicile of this
| corporation shall be in the parish of
! Orleans, state of Louisiana, and all cita-
tons or other legal process shall be
served upon the president Of the com
pany, or, in his absence, upon the vice
president.
ARTICLE III. 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; 10
acquire oil. gas, sulphur, salt and other
mineral lands and leaseholds and other
interests or rights in real estate or m In
erals; to construct and maintain pipe
lines and conduits for the transportation
of natural gas or oil or other minerals;
to buy. treat. refine, handle, sell and
mineral products of all sorts; to own
charter and operate tanks. steamships
barges, tugs and other water craft; to
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
maintain tanks and to store oil and
petroleum products, and to carry on pe
business of public warehOusemen: to ac-
Iquire and hold stocks, bonds, obligations
and securities Of other corporations; to
exchange its entire capital stock or any
part thereof for property which IL Is
authorized to acquire; to exchange or
any part thereof for cash, property,
stocks, bonds or other obligations OF
other companies, firms or individuals; ia
buy, sell, hold, lease, mortgage ALLEVIATE
and deal in real estate of all sorts; 10
drain, reclaim, coloniZe, develop and i'm
prove lands: to erect buildings and other
structures and to operate, lease or other
wise handle them and deal therein; to
operate cOmmissaries, warehouses, board
ing houses and general stores; to manu-
facture, purchase or otherwise acquire
own. mortgage. pledge, sell. assign and
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
mortgage, or otherwise dispose of letters
patent of the United States or any foreign
country. patent rights, licenses and priv
ileges. inventions. improvements and pro-
cesses, copyrights, trademarks and trade
names. relating to or useful in connection
with any business of this corporation
to Issue bonds. debentures or obligations
Of this corporation from time to time
/ for any of the objects or purposes OF
the corporation, and to secure the same
by mortgage. pledge. deed OF trust OF
transfer the shares of its own capital
stock, provided it shall not use its funds
or property for the purchase Of its own
shares of capital stock when such use
would cause any impairment of its cap
ital: and provided further. that shares
Of its own capital stock belonging IL II
directly: and generally to do and trans
act all such acts and things as a general
trading corporation under the laws OF
the state of Louisiana is authorized to do
ARTICLE ~. The capital stock Of this
corporation is hereby fixed at the sum OF
Fifty Thousand Dollars $50. 000.0O), divid
ed into and represented by Five Hun.
dred 5000 shares of the par value OF
One Hundred Dollars (s100.0O) per share
The amount of the said stock may be
increased to One Million Dollars $1,000
O00O0). No transfer of stock shall bs
binding upon the corporation unless
made and recorded upon its books. Nc
stakeholder shall have a right to sell oil
convey any of his or her stock in the
corporation unless and until he or she
shall have first made a written offer to
the other then stockholders Of the cor
Poration. and to the corporation itself
to sell his or her stock to them at tbs
same price as that at which a bona fidt
written offer from an outsider may have
been received. The written offer to the
other then stockholders and to the cor
poration itself required by this provision
shall be addressed to such other ther
stockholders and the corporation itsel
collectively, and shall be delivered Il
the office Of the corporation not less thar
ten days prior to the application fol
transfer of the stock to an outsider. The
corporation shall transmit this offer Il
the respective then stockholders, and the
stock of the stakeholder desiring to sci
shall be distributed pro rata among sucf
tnf ha cfn n