The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1901-05-25

real and personal property, and rights Of
dferen. kinds; TO contract, sue and be sued,
and to have all the powers conferred by law
on corporations.
Its domicile shall be at Broussard, La.
Citation shall be served on the president of
the company or in his absence, on the vice.
president
ARTICLE II.
The objects of this corporation are to
prospect and bore for oil, gas, and minerals
of all kinds, on the lands leased or owned,
on which said company has certain rights,
whether said lands are in the parish of La
fayette or elsewhere, and to refine, buy,
sell or traffic in all products that may be of
advantage to said company relative to their
line of business under this charter. To
enter into all contracts that may be incid ent
to or convenient IN the carrying out of the
objects and purposes of this corporation.
ARTICLE III.
The capital stock of said corporation is
hereby fixed at one hundred thousand
(xIoo, ooo) dollars divided into one hundred
thousand 100000 shares of one dollar
each ($I.oo), par value and no less than one
hundred (Ioo) shares sold. Cert1cates of
stock to- be signed by the president and sec
rotary and treasurer; and to be paid in cash.
The company may commence business
soon twelve thousand ($Izooo) dollars
of stock shall have been subscribed in the
treasury. The directors shall have the right
this company shall have the right to sell any
shares of stock held by him until he shall
have first offered the same to the other
stockholders who shall have the refusal
thereof. All transfers shall have to be
made on the books of the company.
ARTICLE w.
All corporate powers of this corporation
are vested in a board of directors composed
of seven stockholders. four of whom shall
constitute a quorum to transact business;
%hn,, hal I,ns ~, -,
May, 1903, and bi-annually thereafter. The
election shall be by ballot; and each share
shall be entitled to one vote. The manner
of conducting the business of said corpora
adopted by said board. The officers of said
corpor alton shall be president, a vice.
president and secretary, who shall also be
treasurer. Until the first election, the fol-
Board of Directors, viz: A. A. Liable. Nj.
Billeaud, Jr., J. A. Roy, J. H. Bernard,
Geo. Malagare, rherance Girouard and G.
r. DeLaureal.
Geo. r. DeLaureal shall be president;
Geo. Malagarie vice president; and J. Gilbert
St. Julien secretary and treasurer.
The Board of Directors shall adopt such
bylaws may be necessary to carry on
the business of-said corporation, and they
shall fill any vacancy occurring among their
members. The meeting of the Board of
Directors may be called at any time by the
president or by two directors such notice
as the bylaws may prescribe. The bi-an-
nual meeting of the stockholders shall be
held on the first Monday of May bi-annu-
ally.
The president or any six stockholders
can call Il meeting Of the stockholders at any
time for any lawful purpose upon notice as
the bylaws may prescribe.
ARTICLE
The stock shall be non-assessable and no
stakeholder shall be held responsible for the
contracts of this corpora alton or any further
sun, than for his share of stock as sub
Scribed.
ARTICLE vi.
This act of incorporation may be amended
with the assent of three-fourths of the stock
holders at a general meeting to be convened
after due notice of thirty days publication in
a newspaper at the domicile of said com
pany or published in the parish. With the
same formalities, it may dissolved at a like
meeting by consent of four-fifths of the
stockholders.
ARTICLE VII.
Upon the dissolution of said corporation
liquidated by three commissioners to be APP
pointed by the stockholders, who shall fix
their compensation.
ARTICLE VIII.
The Board of Directors shall have au-
thority to issue bonds when authorized to do
SO by a-two third vote of the stockholders
at a regular meeting called for that purpose
represented either in person or by proxy at
said meeting.
ARTICLE TX.
OF the one hundred thousand ($Ioo,ooo)
dollars capital stock twenty-fiv ($2s, ooo)
thousand dollars shall remain treasury
stock to be disposed of by the Board of
Directors.
ARTICLE x.
This corporation shall have the right to
do business in and out of this State and to
do all things necessary to operate and trans
port their product, such as building rail-
and steamboats, and operating the same.
With the express proviso that no lease
mineral option granted, donated sold to
said company shall be subject to be sold
transferred except by mutual consent of
the lessor anG Board of Directors. And all
stock unsold shall be treasury stock.
Besides the notices by publication required
in this charter, it shall be the duty of the
secretary to give individual notice to the
directors and stockholders whenever meet
ings are called.
fayette parish, La, on the date first above
mentioned, in the presence of Messrs. H.
Billeaud and L. F. st. Julien, competent
witnesses, who have signed these presents
with the contracting parties and me notary
after due reading of the whole.
J. GILBERT ST. JULIEN,
Nj. BILLEAUD, JR.,
GEO. MALAGAR1E,
THERANCE GIRoUARD,
T. A. Roy,
J. H. BERNARD,
A. A. Liable.
G. r. DELAUREAI.,
SIDNEY GREIG,
Notary public.
WITNESSES:-H, BILLEAUD. L. F. ST.