The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-05-18
CHARTER.
UNITED STATES OF AMERICA, }
STATE OF LOUISIANA, :
Parish If ST. Mary. !

STATE OF LOUISIANA,
Parish of st. Mary,
BE it known that on this 2nd day Of May,
A. u. One Thousand Nine Hundred ard
One tlyUD before ne Chas. A. O'Nie,l, Il
>otary Public commissioned and qualified
in and for the Parish OF st. Mary, state OF
Louisiana. and in the presence OF the wit
nesscs hereinafter named aud undersigned
personally came and appeared Joseph
Birg. Henry S. Palfrey, {. Gillls Rogers,
John X. Todd, Edward S. Martin, Clayton
c. +. Borah AMI Matthew Bell, resident Of
the said Parish OF st. Mary, State of lou
isiana, who declare that they do now Or
ganize themselves into body corpora
ton for the purpose and Oh the conditions
hereinafter expressed,
ARTICLE I.
The name and title of this corporation
MIN ERAL Co, LTD: under its cOrpor-
ate name it shall exist AID have succession
for period OF nihetv-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 in 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
Guiding the lay ne and operating OF Il pipe
line, and securing by purchase or other
wise, such means of conveyance As are
necessary Tor the marketing OF any pro-
duct it I"ay have for market; to contract,
sue and be sued in its corporate name; to
make and use a common seal and the same
to alter and amend at pleasure. aud to
have all powers conferred by law on cor
poratlons.
ARTICLE ii.
The domicile 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 its 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 an. 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 traffic in all products that may be Of adj
vantage to said Company i'll 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.
ARTICLEIV
The capital stock Of said Corporation is
hereby fixed ut One hundred Thousand
Dollars, divided into One Hundred YhOlls.
and 10O,00O) shares OF the par value Of One
Dollar ($l.0O) each, the certificates of stock
representing " hich said share or shares to
be signed by the President and Secretary,
to be pad for in current money, in prop
erty or in labor done and performed in
such manner and in such amounts and at
such time and quantity as the Board Of
Directors may determine. The Company
may commence business as soon as Ten
Thousand Dollars ($l0,0OO) 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-
viled by statute. No transfer OF stock
shall be valid unless made on the books Of
the corporation. No stockholders III this
company shall haYe the right to vote the
same ut 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 ut least Thirty Days prcced-
ing said election.
All corporate powers Of this Corporation
shall be vested in a Board of Directors to
be composed If nine stockholders, five Of
whom shat. constitute a quorum for the
transaction of any business 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 Off ice until their sue
cessors are ELECTED and qualified. The
election shall by ballot and each share
Of stock shall be entitled 70 one vote. The
Board OF Directors shall adopt such by
laws and regulations rs best suited for the
interest and promotion OF the affairs OF
said company and by which its affairs shall
be regulated and conducted. he officers
of said Corporation shall be President. a
Vice President, Secretary and a Treas
urer. Until the first election, the follow
Ing stockholders shall constitute the Board
of Directors, to-wit: Joseph Brig, Mat.
thew Bel, Henry S. Palfrey, joint {. Lewis,
G. W. Coleman, G. g.. Rogers, &. 4. Horah,
John T.. Todd and +. s. Martin, Of whicli
Joseph Birg shall be President. John K.
Todd Vice president. Z. &. Rogers secre-
tary and Henry .. Paifrey Treasurer, and
the Board Of Directors shall ill any vacan-
cy occurring among their plumber. 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 bylaws may require,
The annual meeting Of the Board Of Di.
rectOrs shall be held ut its d0micile on the
first Monday Of May OF each year.
ARTICLE vi.
No stakeholder shall ever he held liable
or responsible for the contracts or faults
Of this corporation in any further sum
than the unpaid balance due to tie. com.
pany on the shares held by him; nor shall
the mere informality in organization have
the effect Ct rendering this charter null Or
exposing its stockholders to any liability
beyond the amount of his stock.
ARTICLE VIII.
This act Of incorporation may he amend.
ed with the assent OF three-iOurths Of the
capital stock represented at a general or