The Meridional. (Abbeville, La.) 1856-1906, 1901-05-25

OF THE
VerniliOl Mineral and Oil
United States of America,
State of Louisiana, Parish of Vermilion
COMPANY, LIMITED.

Notary Pnbfic, daily commissioner and
qualified as such, in and for the Parish OF
Vermilion, State of Louisiana, and Ill
presence Of the undersigned competent
witnesses:
Personally came and appeared the sew
-eral persons whose names are hereunto
subscribed, who aeverally declared, that
.availing fhenselves of the Laws Of the
State of Louisiana, in such cases made
land provided, they have contracted and
agreed aud do by these presents covenant
aud agree and bind themselves as well as
all such persons as nay hereafter become
associated with them to form a corpora
ton for the objects and purposes and
under the articles and s~tipulations, to-
i wit:
ARTIoLEH.
The name of said corporation shall be
the EERMILION MINERAL AND OIL
COMPANY, LIMITED, and under its said
corporate name shall exist and havessuc-
'~cession for ninety.nine years from the
date hereof. IL shall have power to
acquire property, lease, pledge, purchase
5hypothecate property and rights OF
different kinds: to contract. sue and be
sued and to haye all powers conferred by
law on corporations.
ARTICLE II.
The domicile of said corporation shall
be in the Town of Abbeville, Vermilion
Parish, State of Louisiana, and all eita-
ti0ns or legal process shall be served
upon the President of said corporation
or in the event of his absence. upon the
Vict-President thereof, and in the alb
ssence of both of said officers upon the
Secretary of said corporation.
ARTICLE III.
The objects of this corporation are to
prospect 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 i'll all products that may be of
advantage to said Company relative to
their line of business under this Charter.
To enter into any and all contracts that
may be incident to or convenient in the
carrying ont the object and purposes of
this corporation.
ARTICLE w.
The capital stock of this corporation is
hereby fixed ut one hundred and fifty
into one hundred and fifty thousand
shares of IA ($1. 0Ol dollar each and all
Certificates of stock to be signed by the
President and secretary, TO be paid in
money or i'll, property or rights In such
manner as the Board of Directors may
determine.
This Company may commence business
az soon as three thousand 1890 900. 0G)
dollars SHAH have been subscribed and
paid up.
No stockholdersin this Company shall
ever sell any shares of stock held by him
until ne shall have first offered the aasae
to the other stockholders, who shall have
the refusal thereof, and all transfers
ehall be Bade on tire books Of the Com
pany.
ARTICLE v.
All corporate powers of this Corpora
ton are vested in d Board Of Directo 8
composed of eleven stockholders, a
majority of whom shall constitute 4
quorum 10 transact business: they shall
be elected on the first Monday o fApril, 1902.
2 annually thereafter. The election
shall be by ballot and each share shall be
ef 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, a Secretary
and q Treasurer.
Until the first election the following
OF Directors. to-wit: MT. Gordy Jr.,
Eli Wise, William p. Edwards, William
u. White, Clarence j. Edwards. Edwin
M. Stebbins, Alfred J. GODDARD. Daniel T..
Mcpherson. Frances T. Foote, Joseph T.
Labit and Lastie O. Br0ussard; of which.
Mines L. Gordy Jr. shall he President,
Eli Wise shall be Vice President, Joseph
il. Labit shall be Secretary and G. j.
Edwards. Treasurer.
Inc Board Of Directors shall adopt such
bylaws 40 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 Az the
bylaws may prescribe. The annual
meeting of the stockholders shall be held
on the first Monday of April annually
the President or ~ four stockholders
can call meeting of the stockholders ut
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-
sented BY his unpaid balance of his sub
scription Of shares.
ARTICLE VIII.
This act of incorporation NAV he
amended with the assent of three-fourtbs
OF the capital stock represented at IL
general meeting TO be convened after due
notice Of thirty days publication in a
newspaper at domicile of said Company
or may be dissolved at a like meeting by
consent OF f0ur-tifths of the stockholders.
ARTICLE TX.
Upon the dissoluti ton of said corporation
by limitation or otherwise, its affairs
shall be llquidated by three Commission
ers to be appointed by the stockholders
Who shall Fix their compensation.
ARTICLE X.
The Board of Directors shall have
authority to issue bonds when authorized