The Meridional. (Abbeville, La.) 1856-1906, 1901-06-01

or THE
YGrnili0l Mineral and Oil
COMPANY, LIMITED.
COMPANY, LIMITED.
United States of America,
State Of Louisiana, Parish of Vermilion

s&tIu OIY Oh AptIIy AhuU DULllLAs OhO
thousand, nine hundred and one:
Before me, George West Summers. a
Notary Public, duly commissioned and
qualified as such, in n for the Parish OF
Vermilion, State of Louisiana, and III
presence of the undersigned competent
witnesses:
Personally came and appeared the sew
eral persons whose names are hereuntO
subscribed, who seyerally declared, that
awaiting themselves of the Laws of the
State of Louisiana, in such cases made
and provided, they have contracted IN
agreed and do by these presents covenant
and agree and bind themselves as well as
all such persons as may hereafter become
associated with them to form a corpora,
tion for the objects and purposes and
under the articles and stipulations, to-
wit:
-ARTICLET I.
The name of said corporation shall be
the VERMILTON MINERAL AND OIL
COMPANY, LIMITED, and under it's said
corporate name shall exist and ave sue
cessiOn for n~inety-nine years from the
date hereof. it shall have power to
acquire property, lease, pledge, purchase
and convoy as wen as mortgage and
hypOthecate property IA rights of
different kinds: to contract, sue and be
sued and to have all powers conferred by
law on corporations.
ARTICLE II.
be in the Town of Abbeville, Vermilion
Parish, State of Louisiana, and all cita-
ti0ns Oh legal process shall be served
upon the President of said corporation
or in the event of his absence. upon the
Viee-President thereof, and in the alb
sence of both of said officers upon the
Secretary of said corporation.
ARTICLE III.
The objects of this corporation are to
EEobpect and bore for Oil, Gas and
Minerals of all kinds on lands situated in
the Parish of VermiliOn. State of Louisi
ana to be by them leased, owned or under
their control. 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 int any and all contracts that
may be incident to or convenient i'm the
carrying out the object and purposes of
this corporation.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at one hundred and fifty
thousand 1880. 900 .00) dollars, divided
into one hundred and fifty thousand
shares of one t$l .0O) dollar each and all
Certificates of stock to be signed by the
President and secretary, TO be paid in
money or in property or rights in such
manner as the Board of Directors may
determine.
This Company may commence business
rs soon Is three thousand 1890, 000. 0O) |
dollars shall have been subscribed and
paid up.
No stockholder;in this Company shall
ever sell any shares of stock held by him
until he shall have first offered the same
to the other stockholders. who shall have
Hhn NnF1NusH fhnr.nf aud all %nn .,En~a /
shall be made Oh the books of the Com
pany.
ARTICLE v.
All corporate powers of this Corpora
ton arc vested in u Board Of Directors
composed of eleven stockholders, al
majority of whom shall constitute al
quorum 70 transact business: thew shall
be elected on The frst Monday Of April, 1902,
aud annually thereafter. The election
shall be by ballot and each share shall be
8T titled to one vote.
The manner of conducting the business
OF said corporation sh Ill be regulated by
the Bylaws to be adopted by SAID Board.
The officers of said corporation shall be:
a President. a Vice-Presldent, q Secretary
and q Treasurer.
Until the first election the following
stockholders shall constitute the Board
OF Directors. to.wit: MT. Gordy Jr.,
Eli Wise, William P. Edwards, William
B. White, Clarence j. Edwards, Edwin
NJ. Stebbins, Alfred ]. GODDARD, Daniel t..
Mcpherson. Frances L. Foote, Joseph T.
Labit and Lastie 0. Bronssard; of which.
Mlnos i. Gordy Jr. shall be President,
Eli Wise shall be Vice President, Joseph
=. Lahit shall be Secretary and c.. J.l
Edwards. Treasurer.
The Board of Directors shall adopt such
bylaws as may be necessary to carry on
the business of said corporation and they
shall NIL any vacancy occurring among
their members.
ARTICLE VI.
The meeting of the Board of Directors
may be called at any time by the President
or by two Directors ON such notice as the
bylaws may prescribe. The annual
meeting of the stockholders shall be held
on the first Monday of April annually;
the President or any four stockholders
any. time for any lawful purpose upon
notice as the Bylaws may prescribe.
ARTICLE VII.
No stakeholder shall be held responsible
Tor the contracts of this corporation in
any further sum than the amount repre-
scented bv his unpaid balance of his SUBJ
scription of shares.
ARTICLE VIII.
This act of incorporation may be
amended with the assent of three-fourths
OF the capital stock represented at a
general meeting to be convened after due
notice of thirty days publication i'm a
newspaper at domicile of said Company |
or may be dissolved at o like meeting by
consent of four-fifths of the stockholders.
ARTICLE TX.
Upon the dissolution of said corporation
by limitation or otherwise. its affairs
shall be liquidated by three Commission
ers to be appointed by the stockholders
who shall fix their compensation.