The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-05-25
CHARTER.
UNITED STATES OF AMERICA, }
STATE OF LOUISIANA, :
n--..I N(,rv- I

UNITED STATES OF AMERICA, }
STAT: OF LOUISIANA,
Parish of St. Mary,
Be it known that on this 2nd day Of May,
A. D. One Thousand Nine Hundred and
One lM,) before me Chas. A. O'Niell.
Otary Public commissioned and qualified
in and for the Parish Of st. Mary. State OF
Louisiana, ard in the presence OF the Wit
nesses hereinafter named and undersigned
personally came and appeared Joseph
Brig, Henry s. Palfrey, G.. Gillls Rogers,
John r. Todd. Edward S, Martin, Clayton
W. Coleman, 4. D. Martin. John G. Lewis,
c. f.. Borah and Matthew Bell, resident OF
the said Parish Of st. Mary, State OF LOU
isiana, who declare that they do now or
sanize themselves into body corpora
ton for the purpose and on the conditions
hereinafter expressed,
ARTICLE /.
The name and title OF this corporation
MINE RAL CO., LTD: under its corpor-
ate name it shall exist and have succession
for a period of ninety-nine (:J) years from
the date hereof; it shall have power to &C
ouire property, real or personal, to mort
gage, lease, pledge or in any manner allen-
ate property OF any nature, either in or
out of this State, and to do all acts and
any products it may have for market, in
Guiding the laying and operating OF pipe
line, and securing BY purchase or other
wise, such meatfs Of conveyance as are
necessary for tie marketing Of Any pro-
dsct it may haze for market; to Contract,
sue and be sued in its corporate name: to
make and use common seal and the same
to alter and amend at Pleasure, and to
have all powers conferred by law or cor
nOrutiOnS
ARTICLEll
The domiciIe Of said Company shall be
and the same is hereby fixed at Franklin,
in the Parish of st. Mary, Louisiana. and
all citizens and other legal proceedings
shall be served upon It's PRESIDENT or IN
his absence, upon the Vice President.
ARTICLE Ill.
The object Of this Corporation are to
prospect and bore for oil, gas. minerals Of
all kinds on the land leased or owned. or
On which said Company has any right Of
entry, whether SAID lauds sve 10 the Parish
Of st. Mary Or elsewhere, or whether With.
in the State or not, and to refine, buy, sell
vantage to said Company in carrying out
the purposes Of same, and to make and
enter into all contracts necessary or incl
dental to the objects and purposes OF this
Company and to carry its objects into ef-
feet.
ARTICLE ".
The capital stock Of said Corporation is
hereby fixed at One Hundred Thousand
Uollais, 'iiri ded into One Hundred Thous.
and 200, 00O) shares OF the par value OF Ono
Dollar ($1.OO) each, the certificates of stock
representing " hich said share or shares 20
be signed by the President and Secretary,
to be paid for in current money, in prop
erty Or in labor done and performed in
slGh manner and in such amounts AND 1T
oy,I he r ~
Directors may determine. The Company
may commence business as soon as Ten
Thousand Dollars ($l0,OOO) Of the stock
shall have been subscribed and paid for in
money, and the money in the Treasury.
The capital stock can be increased as pro.
vided by statute. No transfer OF stock
shall be valid unless made on the books of
company shall! have the right to vote the
same at any meeting Of the Board Of Di-
.ectors or stockholders unless he is the
bona tide Owrer thereof and had the same
transferred to him on the books of the
Corporation at least Thirty Days preced-
ingsaid election.
ARTICLE
Az corporate powers Of this Corporation
shall be vested in Board Of Directors 70
be composed OF nine stockholders, five Of
whom shall constitute quorum for the
transaction of any bushes before said
Board; they shall be elected ON the first
Monday in May Of the year 1902 and an
nually thereafter, and the directors and
officers named in this charter and elected
hereafter shall hold Office until their sue
cessors are elected and qualified. The
election shall be by ballot and each share
Of stock shall be entitled to one vote. The
Beard Of Directors shall adopt such by.
laws and regulations as best suited for tie
interest and promotion of. thsi affairs Of
said company and by which its affairs shall
be regulated and conducted. The officers
OF said Corporation shall be President, a
Vice President, Secretary and Treas.
urer.. Until the first election, the follow
ing stockholders shall constitute the Board
Of Directors, to-wit: Joseph Brig, Mat.
thew Bell, Henry 5. Palfrey, John G. Lewis,
9. W. Coleman. G. q. Rogers, C. +. Borah,
John i. tOq4 anu f.. y. Martin, OF which
Joseph Brig shalt be President. Jokn Il.
Todd ce-president. Z. G. Rogers Secre.
tary and Henry $. Palfrey Treasurer, and
the Board Of Directors shall fill any yacan:
meeting Of lie board 81 as Director NAV te
had at any time on the call of the Presi,,.
ent or by two directors upon such notice
being given as the by-laws may require.
The annual meeting Of the Board Of Dr.
rectOrs shall be held ut its dOmicile on the
first Monday OF May Of each year.
ARTICLE VI:
No stakeholder shall ever be held liabia
or responsible for the contracts or faults
OF this corporation in any further sum
than the unpaid balance due to the COM
pany on the shares held by him; nor shall
the mere infOrmality in organization have
the effect Of rendering this charter null OF
expas,ns its stockholders to any liability
beyond The amonho OF h.. s.osk,
ARTICLE VIII:
This act of incorporation NAV lie amend
! ed with the assent of three.fOurths of the
capital stock represented at q general Of