The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-08-17
CHARTER
UNITED STATES OF NEnICA. J
STAT Il .ujI-IANA,

of Nav. A. D., Nineteen Hundred and one
I90D, before me. Louis :. Blgier, eX -otil-
clio, a Notary Public, duly commissioned
and qualified within and for the Parish OF
! St Mary. State of Louisiana, and III the
presence of the witnesses hereinafter
named and undersigned, personally cHme
| and appeared. -. CatfeIy, Sr, Albert &.
Allen, William X. Wilson, Joseph 4. Lo-
ret, J.. Sully Martcl, +. K. Catierv, Fran
co.'s T.. Perret, Frank Niguerie, Joseph
Schwartz, DR.. Ira Bowman, a. y. fustiIer.
.Jr., Arthur A. Bonyillan. K. Richard, IL.
behave, DR.. l.. +. Pecot, Arthur &. Mar
tel j. G. Martel. DR.. u. ). Pcrrct, A Alfred
Pecot, Miss Emma Pecot, NJ. Bell, a. NJ.
| Underwood, j. X. Bouttct, f. VIM. Drieb-
holz. j. F.. Britain, N. +. Tarleton, E. 4.
! Delahous>ave, l.. a. Mendoza, jules Du-
eros. John e. Lewis, John X. Parker>on,
X. K. Cooke, 5. {. Mclancon, j ohm i. Rob-
| ertS, DamaS Moresi, Jos. {. GrcNenberr.
| ii. $ Sanders, and others under>i oned all
residents of The Parish of st. Mary, Louis
| lana, and all of whose names are hcrcumto
| subscribed: who declare that, availn@
| 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, stlpllate and agree and
| bind themselves and those who may here
| after become associated with them, t. form
| anu Aobo'AttN' u bpNt t'iiiit 'iI't VII oi
ate, for the objects and purpose, and I'M
der the following conditions and -tipula
| tionS viz
ARTICLE L.
The name and style Of this Corporation
| shall be and is the ''T'Chetimachas on
| Company, Limited and by this name tn,
| said Corporation shall have power to exist
| for the term and period Of Ninety mine go!
years from the date OF this Act. and under
IFS rorDOratp the said
| shall have power to con ract, to sue and he
| sued, to make and Use a corporate seal and
the same 10 alter or break at Its pleasure
| the same to be designated bv the Board of
| Directors, 10 purchase, hold, own, sell,
| lease, mortgage or otherwise ALLEVIATE or
cucumber property either real or peg>onrI.
to elect and appoint such officers, directors
and clerks and employees a. NAV he
| deemed necessary or eXpedicnt, to adopt
| such rules of order and bylaws as NAV be
deemed necessary for the proper conduct
and management of said corporation, and
generally to do all and any such acts and
exercise all such powers rs may he ncces-
>ary, proper or convenient for the accom-
plishment of the objects Of this corporation.
ARTICLE II.
The d0ncile OF this corporation shall be
in the Parish of st. Mary, State Of Louis
lana, United states of America. and all
citations or other legal process shall be
L
ton, or III his absence on the Vice Pre>id-
ent, and in the absence Of both upon IA
Secretary.
ARTICLEIlI.
The objects and purposes for which this
corporation IS organized are to pun chase
or lease, or obtain options upon or servi-
tudes upon any land-, either IN this Paris h
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 deriyin. the oil, petroleum.
salt and other minerals theretrom and gen.
orally to carry on an OH and mineral pros
pectn@ business and eventually to e>tab
ll>h such apparatus and establishments
and equipments, pipe lines, tanks. etc, as
may be deemed necessary, in the prospects
ing, Oh illinG, mining extracting, re1ininL
and selling and otherwise dealing in
oil petr oleunl, salt and all other minerals.
to do all things in any manner pertinent
thereto.
ARTICLE
The capital stock of this CORPORATION is |
hereby fixed ut Five Hundred Thousand
Dollars which is divided into five hundred /
thousand shares of the par value OF one
Dollar (Sll per share, which shall he issued |
at such times and in such manner and sub |
scribed for and paid for as the Board Of |
Directors may designate, but no stock shall /!
be sold for les than its pr value either in |
cash or its equivalent, after Two Hundred |
and Sixty thousand shares shall have |
been disposed OF.
And 1t is thcl pr0vi led for the pro- !
lection Of al, cash investors, that the stock |
for which cash is paid, shall he stamped |
"Cash Stock" ana This stock shall be sat
isfed by preference over other stock IN the |
event Of llqudatiOn, And this cash stock !
shall also be entitled to preferential diVi
dend of twelve tl2l per cent and after the
payment thereof, the cash stock shall share
in the residuary divlttena with stock is
sued for lands, options; an other equiya
Tents OF cash.
Said stock shall BE- represented by GER
titicates signed by the President and ccln-
tcrsigned by the Secretary hereof, and
bearing the impress of the corporate seal,
and no transfer of stock shall be valid I'm.
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 he made ~
long as the holder of stoc': desiring It's
transfer may be in arrears OF Indebted to |
this corporation.
This corporation shall become operative
and go into effect rs soon as Fifty Thous-
and shares shall have been subscribed, and
this number having been fully subscribed
the said corporation shall 20 into effect
Immediately upon PRONUNCIATION of its
charter.
ARTICLE Y.
The corporate power of this corporation
shall be and they are hereby vested IN !
Board of Directors to lie composed of
Seven CD shareholders a..d the President
to be elected by ballot on the first Monday
in May, 1902, and on the corresponding day
of each year hereafter, lat Il general meeting
of the stockholders, if said day shall here
after fall on a legal holiday, the said meet
ing shall be held on the next legal day
following, 50 id shareholders shall be not-
fed by publication in weekly paper
published IN Franklin, La, for thirty days
preceding such election. At such election
a majority of votes actually east shall
elect, and each stakeholder shall be emit
tied to cast, either personally or by proxy,
one vote for each share owned by him, but
no stock shall be transferable within ten
uO) days preceding al election. In ease
of the failure to elect Directors, for any
cause whatsoever, the corporation shall :
not thereby become dissolve. bat the hi {
rectors and officers shall continue in Office ,
until she next general annual election. or
until their successors are elected, qualitie |
and indicted into office.
ARTICLE VI.