The weekly Thibodaux sentinel. [volume] (Thibodaux, La.) 1898-1905, 1901-05-25
CHARTER
of tho
LafourChe Mineral and
Oil Company, Limited.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF LAFOCRCUE.

DE II kNOWN, THATON TT - I+IH nAN
p of the month Of Hsy ln.the wear of Oui
lord O"c THOUSAND Nmo Hundred and on,,
apd OF the Independence of the United State.
of America. the one hundred ANA en'y-hftl
year.
Before me. Roland Williamson Notary
Public, duly conmirs iOn,si, quHiincd and
sworn ia and for the Parish Of f.atOirche
stale or Louisiana. and In the presence OF the
witnesses hereinafter nained and undersigned
PERSONALLY CAME AND APPEARED:
MesSrs. {. :. Matthews. E. o. Morvant
Thomas Icary. AnatOle j. Braud, William T.
howell. Thomas A. Stark. Robert II. Down
man, William ii. Price, Lawrence keefe, W
?. Martin, Thos. J. Forct. Jas: Bcary. L.. J
Naquin L. N: Roth. Chas. B. Iasscigne: Ed
Smithwick. Chas. j. Barker. Lee J. Foret
Andrew Price. &. A. Cclestin. w. Lepine. Mrs
Ellis FOret, all residents of the Parish of I.a
fourchc. State of Louisiana, except Robert n
bowman, resident Of the City of New Or.
leans. and c. A. Celestin. a resident of the
Parish of TerrebOnne. who scvcraly declared
That availing themselve, of the provisions
of the laws of this state relative to the orgin
zatiOn of corporations, they have contracted
and agreed, and do by these presents covenant
agree. bind and Obligatc themselves. as well "a
all other such persons as may hereafter be
come associated with them. or their success
sors. to form and constitute a corporation and
body polite i'm law for the objects and pur
poses and under the agreements and stipula
tiOns following. tO-wit:
ARTICLEI.
10 The SsR name and tile q saia ssypqratien shall
COMPANY, LIMITED, and under this name
the said corporation shall have the power and
authority to exist and enjoy succession for u
period OF ninety-nine c9@ years from the day
and date hereof; to contract. sue and beSaed
in Its corporate name, to make and use cor
pOrate seal and the same To break or alter al
pleasure; to hold, receive, lease, purchase,
altenate. convey, sell, or acquire by any title
whatsoever gratuitOus or OncrOus; as well III
to mortgage and hypOthecate and pledge pro-
perry real and personal and mixed; to appoint
snon aI, managers. directors, officers. agents and
and to make and establish such rules, regrlla.
tions and bylaws for the proper management
and regulation of the affairs OF the said cor
pOratiOn as may be necessary and proper, and
the same to change or alter ut pleasure; and
generally to perform all acts and things re-
4uislte ana necessary or convenient to carry
out the objects and purposes of said corpora
ton.
ARTICLEH.
The domicile of said corporation shall be in
the Town OF ThibOdaux, Parish of LafOurche,
State of Louisiana.
The president, or in his absence the vice
president, or in his absence the secretary
and treasurer shall be the officer upon whom
citations and all judicial process shsll be
served.
ARTICLE III.
The objects and purposes for which this
nature OF the business to be carried on by 1t,
are declared to be to prospect, develop, bore
mine and excavate lands for oil. gas, salt
sulphur. or any other mineral or mineral sub
stance; to refine, smelt, manufacture or dc
whatever Is or may be necessary to render the
products of its mining pursuits merchantable
to loasc hold ld,receive, purchase, take options
perty both real and personal; to cOnstruc,
n1ar a1a r2pefts RlpS % k!,.cs tanks -ilroads steam
buildings; to transport or store the Products
OF its mines or wells. or those from the wells
or mines of any other company. or any Other
and to perform all such acts as may he neccs
sary to successfully carry out the objects ant
purposes Of this corporation.
ARTICLE Nv.
Tho capital stock of this corporation is here
by fixed ut the sum of Fiv, Hundred Thou
sand Dollars divided into Five Hundred Thou
sand shares of par value of One DOller each
The said shares shall be paid for In money D
property or its equivalent upon such term
and for such amounts as the managers an'
directors shall deem best for all parties IL
interest; provided that such stock rs shal
from time to time he sold shall he nOn-assess
able as to the holders and owners.
The corporation shall be at liberty to com
mence business or operations whenever Tel
Thousand shares of the capital stock shall hav
'''" '" ARTICLRv.
All the corporate powers of this corporation
eleven directors. five of whom shall constitut
| a quorum for the transaction of business
| The members of said board shall be actui
stock holders of this corporation and shall b
of June Of each year, provided thu
the first election hereunder shall be hel
| In the year 10O2, and they shall hold office fo
one year or until their SUCCESSORS have bee
| elected and qualified.
The first board of directors shall consist q
c.. 8 Matthews. E. U. MOrvant, Thomas Bear!
Anatole J. Braud. william e. Howell, Thoma
Price, Lawrence Keefe. w. p. Martin an
Wilson Lepine. of whom William
Price shall be president. y. L. Morvant mr.
yice-president, G. s. Matthews second vic
president, Thomas Bcary third vice-presidcn
Anatole J. Braud Secretary and treasurer.
Previous notice of at lenst ten days shall I
given of each annual election of board {
directors by written notices and by public
tion i'm newspaper published in the town
ThibOiaux; and in case OF no election on u
day fixed the old hoaru shall hold over aud u
president shall cause an election to be held
soon thereafter az possible; and failure
elect hoard of directors shall not forfeit Il
charter. A majority of the votes cast .shi
elect. and each share OF stock not in defil
shall be entitled to one vote to he cast 10y {
owner either i'm person or by proxy, prOv!d
that no stock shall participate ana vote at o.
meeting unless owned and in the name OF Z
| holder on tho books of the corporation for th
ty days prior TO such meeting.
All elections shall be by ballot under 3
! supervision of three stockholders to be apo
ted bv the president
The board of directors shall assume the fui
tiOns of their office Immediately upon tn
4 election. and shall then elect from their nu
ber president, three vice-prcsidents and
\ secretary and treasurer.
i The board of directors shall have the pow
4 to I'LL any vacancies occurring in their nu
Der, and to make such bylaws and rcgulatiO
i as are not repugnant to this charter.
The board of directors shall fx the sslar
| of all the officers of this company.
ARTICLE VI.
No stOckhOllcr shall ever be held liable
IRRESPONSIBLE for the contracts or faults OF {
corporation i'm any further sum than thu
i paid balance due to the company on the sha
u owned by him, nor shall any mere informal
Il in organization have the effect OF rend ri
I this charter null. or Of exposing stOckh0i'
to any liability beyond the amount OF
II stock.
ARTICLE VII.
When ever this corporation Is dissolved. ci
er by Limitation or by vote of three fourths
its stockholders. or from any other causes.
affairs shall he liquidated under the super
y tendcnt of three directors to be appointed
II such purpose by the board OF directors.
\ shall remain i'm Office until the affairs OF I
II CORPORATION shall have been fully settled
II Inundated. and in case of any vacancy occ
ring among the three said liuuidatOrs the
i cancy shall nc filed by the board OF direct
i within ten days from such vacancy.
ARTICLE VIII.
III This act of incorporation may be chang
altered or modified. or this corporation 4
II be dissolved by a vote of three fOurths OF
capital stock represented at a general mcct
II of the stockholders convened for such plrp
II .,e,ar to, laXs notice shall have been xiVCr