The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1901-05-18

real and personal property, and rights of
different kinds; to contract, sue and be sued,
and to have all the powers conferred by law
on corporations.
Its domicilc shall be ut Broussard, La.
Citation shall be served on the president of
the company or in his absence, on the vice
president
ARTICLE ii.
The objects of this corporation are to
prospect and bore for oil, gas, and minerals
of all kinds, on the lands leased owned,
or on which said company has certain rights,
whether said lands are in the parish of La
fayette or elsewhere, 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 into all contracts that may be incident
to or convenient IN the carrying out of the
objects and purposes of this corporation.
ARTICLE III.
The capital stock of said corporation is
hereby fixed at one hundred thousand
(SIoo, ooo) dollars divided into one hundred
thousand Zoo, ooo) shares of dollar
each (SI .oo), par value and no less than one
hundred {Ioo) shares sold. Certificates of
stock to be signed by the president and sec
rotary and treasurer; and to be paid in cash.
The company may commence business
soon as twelve thousand ($Ieooo) dollars
of stock shall have been subscribed in the
treasury. The directors shall have the right
to increase said stock. No stock holder of
this company shall have the right to sell any
shares of stock held by him until he shall
have first offered the same to the other
stockholders who shall have the refusal
thereof. All transfers shall have to be
made on the books of the company.
ARTICLE ~.
All corporate powers of this corporation
of seven stockholders. four of whom shall
constitute a quorum to transact business;
they shall be elected on the first Monday in
May, 1903, and bi-annually thereafter. The
election shall be by ballot; and each share
| shall be entitled to one vote. The manner
of conducting the business of said corpora
ton TALL be regulated by the bylaws to be
adopted by said board. The officers OF said
corporation shall be president, a vice
president and secretary, who shall also be
| treasurer. Until the first election, the fol-
lowing stockholders shall constitute the
Board of Directors, viz: A. A. Liable. Nj.
Geo. Malagarie, Therance Girouard and G.
r. DeLaureal.
Geo. II. DeI.aureal shall be PRESIDENT
Geo. Malagare vice president: and J. Gilbert
St. Julien secretary and treasurer.
The Board of Directors shall adopt such
bylaws as may he necessary to carry on
the business of-said corporation, and they
shall I'LL any vacancy occurring among their
members. 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 hi an
nual meeting of the stockholders shall be
held on the first Monday of May b-annu-
ally.
The president any six stockholders
| can call 4 meeting of the stockholders at any
| time for any lawful purpose upon notice as
| the bylaws may prescribe.
ARTICLE v.
The stock shall be -assessable and no
stakeholder shall be held responsible for the
contracts of this corporation any furthe +
sum than for his share of stock sub
Scribed.
ARTICLE VI.
This act of Incorporation may be amended
with the assent of three fourths of the stock
| holders at a general meeting to be convened
after due notice of thirty days publication in
! a newspaper at the domicile of said COM
| pany or published in the parish With the
same formalities, it may dissolved at a like
meeting by Consent of four-ffths of the
stockholders.
ARTICLE VII.
! Upon the dissolution of said corpora ton
by limitation otherwise, its affairs shall be
liquidated by three commissioners to be APP
pointed by the stockholders, who shall fix
| their compensation.
ARTICLE VIII.
The Board of Directors shall have au-
thOrity to issue bonds when authorized to do
| SO by two third vote of the stockholders
at regular meeting called for that purpose
tSPtSsShtSd SitleI III person. VI ny proxy AT
said meeting.
ARTICLE TX.
OF the one hundred thousand ($Ioo,ooo)
dollars capital stock twenty five (S25, ooo)
thousand dollars shall remain as treasury
| stock to be disposed of by the Board of
Directors.
ARTICLE X.
This corporation shall have the right to
do business in and out of this State and to
do all things necessary to operate and trans
port their product, such building rail-
| roads, tramways, pipe lines, stations, barges
and Steamboats, and operating the
With the express proviso that no lease
mineral option granted, donated or sold to
said company shall be subject to be sold
or transferred except by mutual consent of
the lessor and Board of Directors. And all
stock unsold shall be treasury stock.
Besides the notices by publication required
in this charter, it shall be the duty of the
secretary to give individual notice to the
directors and stockholders whenever meet
ings called.
Thus done and passed at Broussard, La,
fayette parish, La, on the date first above
mentioned, in the presence of Messrs. II.
Bileaud and l.. F. ST. Julien, competent
witnesses, who have signed these presents
with the contracting parties and notary
after due reading of the whole.
J. GILBERT ST. JULIEN,
M. BILLEAuD, JR.,
GEO. MALAGARIE,
THERANCE GIRoUARD,
J. A. Roy,
J. H. BERNARD,
A. A. Liable.
IL