The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-05-04

| The object of this Corporation .
PROSPECT and bore for oil, gas. minssss
al KINDS on the land leased or o,vnsa
on which said Company has any r;.1.
e.us' Whether SAID lands are in the ff ss.%s
~ 81. 81. MARY or elsewhere, or whether s siS'
IA .ne state or not, and to refine, buv NV
-. .ia'lc IA All products that may be o,,a
vantage to said Company in carving y, ~
the purposes Of same, and to MATS o
| enter into all contracts necessarw oU s&
! dental to the objects and p,lrnoses =, Jug Nl
Company and to carry its objects ; u, ~ ~
! feet. 'e.'s '"'o Il .
ARTICLEIV
Inc capital stock Of said Corporat;o,
hereby fixed at One Hundred Th%....,
Dollars, divided into One Hundred Thon'
ana (lOO,NW) shares OF the par value of Nv
Dollar tSl.OO) each, the certificates NJ ., US
representing W ich said share or sh.r..a
be signed by the President and Secr.,..
to be pa Il for in current money. in nra!
erty or in labor done and performeea
such manner and in such amount, ,nd
such time and quantity as the Ko,r% !
Directors may determine. The Comn.w
may commence business as soon as n:
Thousand Dollars ({l0,oOO) OF thu st ~
snail have been subscribed and paid forS
money, and the money in the Treasur
Inc capital stock can be increased N mn
vlded by statute. No transfer Of stoS
shall be valid unless made On the book a
the corporation. No stockholders in nm
company shall have the right to vote n.
same ut any meeting of the Board Of G.
rectors or stockholders unless he is n,
bona tide owner thereof and had the Fam,
n nd fn la 81.
Corporation at least Thirty DAYS prec.d
ing said election.
ARTICLE v,
All corporate powers of thi, COrpOr,too
shall be vested in Il Board Of Director h
be composed Of nine stockholders, five d
whom shall constitute quorum for In
transaction OF airy bushes before ssN
Board; they shall be elected on the fnl
Monday III May OF the year $50. and m
nualiy thereafter, and the directors and
officers named in this charter and elected
hereafter shall hold office until their me.
cessOrs are elected and qualified. Tn
election shall be by ballot and each shan
OF stock shalt be entitled to one vote. The
Board Of Directors shall adopt such By.
laws and regulations as best suited for Ii.
interest and promotion of the affairs Of
said company and by which its affairs shal
be regulated and conducted. The officer
of said Corporation shall be President
Vice President, Secretary and Treas.
urer. Until the first election, the follow.
ing stockholders shall constitute the Board
of Directors. to-wit: Joseph Brig, Nat.
thew Bell, Henry S. Palfrey, John c. Lewis,
Z. w. Coleman, G. G. Rogers, G. +. BorsA,
J ohm X. Todd and f.. s. Martin, of which
Joseph Brig shall he President. John X.
Todd Vice President, e. q. Rogers Becfe.
tary and Henry $. Palfrey Treasurer, and
the Board OF Directors shall fill any yacan.
cy occurring among their number.
meeting of the Board of Directors may h
had at any time on the call Of the Presd.
ent or by two directors upon such notice
being given as the by>laws may require,
The annual meeting of the Board Of N.
rectors shall be held at its dOmieile on the
irst Monday of May Of each year.
ARTICLE VI.
No stakeholder shall ever be held liable
n responsible for the contracts or faults
II this corporation in any farthersam
han the unpaid balance due to the I'd.
,any on the shares held by him; ncrpAall
he mere informally in oryanizOtit tate
he effect OF rendering this chQrte- null o.
its stockholders to an inability
beyond the amount Of his stock.
ARTICLE WILL
This act OF incorporation may lie amend.
I'd with the assent of three-foluths o.,
,apital stock represented at gene. o.
pecial meeting convened after TIE no..ts
'equired by law, the same to be published
u paper published within the Parish Of
IS domicile for at least thirty days, and %
additional notice sent by mail at least to /,
lays prior to said meeting, or it may be
lissolved at 4 like meeting upon vote Of
hree- fourths OF the stockholders.
ARTICLE VIII.
Upon the dissolution of this Corporation
y limitation or otherwise, its affairs shall
e liquidated by three commissioners to
re appointed by the stockholders, who
hall fix their compensation.
ARTICLE IN,
Thus done and passed at my Office in the
'arish OF st. Mary, Louisiana, on the date
rst above written and in the presence Of
larcus Walker and Geo. H. O'Nisll. two
ompetent witnesses, who have signed
hese presents with the contracting parties
AIMED. Notary, after due reading.
Originally Signers:
JOSEPH brig,
E. $. MARTIN, :.
NJ. BELL,
CO. ROGERS,
JOHN G. LEWIS.
CLAYTON W. COLEMAd
+. d. MARTIN,
JOHN X. TODD,
e. +. BORAH, -
ii. S. PALFREY.
Witnesses:
&. II. O'Niell,
Marcus Walker.
CHARLES A. O'NIELl.
Notary Public