The St. Mary banner., 1901-06-01
CHART EE.
UNITED STATES OF AMERICA, J
STATE OF LOUISIANA, :
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-
Be it known that on this End day of May,
A. d. One Thousand Nine Hundred and
One U9Ol) before me ChaS. A. O'Niell, a
Notary Public commissioned and qualified
in and for tie Parish of st. Mary, State OF
Louisiana, and in the presence OF the wit
nesses hereinafter named and undersigned
personally came and appeared Joseph
Birg. Henry S. palfrey, Z. Gillls Rogers,
John K. Todd, Edward $. Martin, Clayton
W. Coleman, L. D. Martin. John Z. Lewis,
c. +. Borah and Matthew Bell, resident OF
| the said Parish of st. Mary, State of Lou
| isiana, who declare that they do now Or
ganize themselves into 4 body corpora
ton for the purpose and on the conditions
| hereinafter expressed,
ARTICLEI.
| The name and title of this corporation
| shall be TIE FRANKLIN OIL AND
| MINERAL CO., LTD; under its corpor-
| ate name it shall exist and have succession
| for a period of ninety-nine (99) years from
the date hereof; it shall have power to ac-
| quire property, real or personal, to mort
| gage, lease, pledge or in any manner alien
ate property OF any nature, either III or
| out of this State, and to do all acts and
| things necessary to operate and transport
| any products it may have for market, IN
| cluding the laying and operating OF pipe
| line and securing by purchase or other
| wise, such means OF conveyance as are
necessary for the marketing OF any pro-
| duct it r"ay have 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 ? easurc. ana to
have all powers conferred by law on cor
pOratlone.
ARTICLE II.
| The domicilc 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
| shal! be served upon its President, Or IN
| his absence. upon the Vice President.
ARTICLE III.
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 anv right of
! entry, whether said lands are in the Parish
| of st. Mary or elsewhere, or whether with.
in the State or not, and to refine, buy, sell
or ira die in all products that may he OF ad-
vantage to said Company in carrying out
the purposes Of same, and to make and
enter into all contracts necessary OF incl
dental to the objects and purposes OF this
Company and to carry lis objects into ef-
feet.
ARTICLE
The capital stock of said Corporation is
hereby fixed ut One Hundred Thousand
| Dollars, divided into One Hundred Thous-
and (lDD,0O0) shares of the par value OF One
Dollar (Sl.0OO each, the certificates of stock
repre senting " hich said share or shares to
| be signed by the President and Secretary,
to be pad for in current money, in prop
erty or in labor done and performed in
such manner and in such amounts and at
such time and quantity as the Board OF
Directors may determine. The Company
NAV commence business as soon us Ten
Thousand Dollars (SlO,0GO) 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
the corporation. No stockholders in this
company shall! have the right to vote the
same at any meeting of the Board of Di-
rectors or stockholders unless he is the
bona fide owner thereof and had the same
transferred to him on the books OF the
Corporation at least Thirty Days preced-
ing said election.
ARTICLE
All corporate powers of this Corporation
shall be vested in Board of Directors to
be composed of nine stockholders, five Of
whom shall constitute a quorum for the
transaction Of any buSineS 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
election shall be by ballot and each share
of stock shall be entitled to one vote. The
Board of Directors shall adopt such by
laws and regulations as best suited for the
interest and promotion of the affairs of
said company and by which its affairs shall
be regulated and conducted. The officers
of said Corporation shall be a President,
Vice President, Secretary and a Treas
urer. Until the first election, the follow
ing stockholders shall constitute the Board
of Directors, to-wit: Joseph BirS, Mat
thew Bell, Henry S. Palfrey, John G. Lewis,
c. w. Coleman, c. &. Rogers, {. +. Borah,
John X. Todd and E. S. Martin, of which
Todd Eice-President, &. G. Rogers Sccre-
tary and Henry 5. Palfrey Treasurer, and
the Board Of Directors shall fill any vacan- |
cy occurring among their number. A
meeting of the Board of Directors may be !
had at any time on the call of the Presid. !
ent or by two directors upon such notice !
being given as the by>laws may require, |
The annual meeting of the Board of Di-
rectors shall be held at its domicile on the |!
first Monday of May of each year.
ARTICLE vi.
No stakeholder shall ever be held liable |
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 bv him; nor shall |
the mere informality in organization have
the effect Of rendering this charter null or
exposing its stockholders to any liability
beyond the amount of his stock.
ARTICLE VIII.
This act OF incorporation may be amend
ed with the assent of three -fOllrths of the
capital stock represented at Il general or
special meeting convened after the notice
required by law, the same to be published
in paper published within the Parish of
its domicle for at least thirty days, and an
additional notice sent by mail at least ten
days prior to said meeting, or it may be
dissolved at like meeting upon vote of
three -fourths of the stockholders.
ARTICLE VIII.
Upon the dissolution of this CORPORATION
by limitation or otherwise, its affairs shall
be liquidated by three commissioners to
be appointed by the stockholders, who
shall fix their compensation.
ARTICLE IN,
Thus done and passed ut my office in the
Parish of st. Mary, Louisiana, on the date
irst above written and in the presence of
Marcus Walker and Geo. H. O'Niell, two
competent witnesses, who have signed
,hese presents with the contracting parties
named. Notary, after due reading.
Originally Signers:
JOSEPH BlR,,,