The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-08-24
CHARTER.

CHARTER.
UNITED STATES OF AMERICA, }
| STAT: - LOUISIANA, :
Parish of St. Mary.
BE 1t known, that on the Sixth (6th) day
| of Nav, A. D., Nineteen Hundred and One
! (l9Ol). before me, Louis :. Bigler, ex Off
! clio, Notary Public, duly commissioned
| and qualified within and for the Parish OF
Est. Mary, State Of Louisiana, and in the
presence Of the witnesses hereinafter
named and undersigned, personally came
and appeared. u. CaReTy, Sr Albert G.
Allen, w i]liams X. Wilson, Joseph A. Lo-
rot, ]. Sully Martel, +. +. Caffery, Fran
coils =. Perret, Frank Viguerie. Joseph
Schwartz, DR.. Ira Bowman, 4. 4. Fuselier,
yr.. Arthur A. Bonyihain. <: Richard, h.
Delhaye, DR.. l.. F. PecOt, Arthur &. Mar.
tel, ]. G. Nartel. DR.. U. 5. rerret. Alfred
Pscot, Miss Emma Pecot, NJ. Bell. A. NJ.
Underwood, j. Il. Bouttet, F.. VIM. Drieb.
holz, J. +. Britain, NJ. b. Tarleton, f. A..
Delahoussaye, L. A. Mendoza, Jules Du-
eros, John G. Lewis. John Il. ParkersOn,
Il. Il. Cooke, S. G. Melancon, John b. Rob-
erts, Dsmas MOresi, JOS. C.. Grevemberg,
II. b Sanders, and others undersigned all
residents Of The Parish Of st. Mary, Louis
lana, and all of whose names are hereuntO
subscribed; who declare that, availing
themselves Of the laws and Constitution
Of the State Of Louisiana, relative to the
organization Of corporations OF limited
liability. they have covenanted and con-
tracted and agreed, and do by these pres,
ents contract, stipulate and agree and
bind themselves and those who may here
after become associated with them, to form
and constitute a body polite and corpor
ate, for the objects and purposes and I'M
der the following conditions and >tipula-
tons. viz
ARTICLE
The name and style Of this Corporation
shall be and Is the "T'Chetimachas OIL
Company, Limited" and by this name the
said Corporation shall have power to exist
for the term and period Of Ninety mine (99)
years from the date of this Act, and under
its corporate name the said corporation
shall have power to contract, to sue and be
sued, to make and use q corporate seal and
the same to alter or break ut its pleasure,
the same to be designated by the Board of
Directors, 10 purchase, hold, own, sell,
lease, mortgage or otherwise ALLEVIATE or
cucumber property either real or personal,
to elect and appoint such officers, directors
and clerks and employees as may be
deemed necessary or eXpedient, to adopt
such rules Of order and bylaws as may be
deemed necessary FOE the proper conduct
and management Of said corporation, and
generally to do all and any such acts and
exercise all such powers as may be neces.
Sary, proper or convenient for the accom-
plishment OF the objects Of this corporation.
ARTICLE ii.
The dOmicile Of this corporation shall be
in the Iarish of st. Mary State OF Louis
lana, United States Of America, and all
citations or other legal process shall be
served on the President of said corpora
ton, or in his absence on the Vice. Presid-
mt ion hn nj, pt 1.nth ,t,,nv ~
Secretary.
ART1CLEIII.
The objects and purposes for which this
corporation is organized are to purchase
or lease, or obtain options upon or seryi-
tudes upon. any lands, either In this Parish
or elsewhere, in which oil, petroleum, salt
or other minerals may be or may possibly
be, and to drill, sink wells, and to do all
other things necessary for prospecting
such lands and deriving the oil, petroleum,
salt and other minerals therefrOm and gen.
orally to carry on an oil and mineral pros
pecting business and eventually to estab-
fish such apparatus and establishments
and equipments, pipe lines, tanks, etc, as
may be deemed necessary. in the prospect
ing, drilling, mining extracting, refining
and selling and otherwise dealing in
oil. petroleum, salt And all other minerals,
to do all things in any manner pertinent
thereto.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at Five Hundred Thousand
Dollars which Is divided into five hundred
thousand shares of the par value of One
Dollar ($lI per share, which shall be issued
at such times and in such manner and SUBJ
scribed for and paid for as the Board of
Directors may designate, but no stock shall
be sold for less than its par value either In
h OP ifS onuiva lent ftar Two Hundrad
and Sixty Thousand shares shall have
been disposed Of.
And 1t is further provi sed for the pro-
lection Of III; cash investors, that the stock
for which cash is paid, shall be stamped
"Cash Stock" and this stock shall be sat-
isied BY preferences over other stock in the
event OF liquidation. And this cash stock
shall also be entitled to Il preferential divi-
dend of twelve t12l per cent aud after the
payment thereof, the cash stock shall share
in the residuary dividend with stock is
sued for lands, options, and other equiva.
Tents Of cash.
Said stock shall be represented by GER
tihcates signed BY the President and coun,
tersigned by the Secretary hereof, and
bearing the impress Of the corporate seal,
and no transfer Of stock shall be valid un.
less made upon the books of this corpora
ton on surrender of the stock, either by or
under the direction of the Secretary hereof.
Nor shall any such transfer be made as
long as the holder of stock desiring its
transfer may be in arrears or indebted to
this corporation.
This corporation shall become operative
and 20 into effect as soon as Fifty Thous-
and shares shall haYe been subscribed, and
this number having been fully subscribed,
the said corporation shall so into effect
Immediately upon romu'gafion OF its
charter.
ARTICLE V.
The corporate power of this corporation
shall be aud they ae hereby vested In a
Board Of Directors to re composed of
Seven ~ shareholders and the President
to be elected by ballot on the first Monday
ia May, 1902, and on the corresponding day
OF each year hereafter. at general meeting
of tho stockholders. IL said day shall here
after fall on a legal holiday. the said meet
ing shall be held on the next legal day
following, ssid shareholders shall be noti-
fed by publication in q weekly paper
published IN Franklin, La., for thirty days
preceding such election. At such election
. majority Of votes actually cast shall
elect, and each stakeholder shall be emit.
tied to cast, either personally or by proxy,
ono vote for each share owned by him, but
no stock shall be transferable within ten
10y days preceding an election. In case
Of the failure to- elect Directors, for any