The Opelousas courier., 1905-09-16

State of Louisiana or elsewhere, and to pros
pect, develop, open, operate, or in any manner
use or turn same to advantage; to operate for
other mineral or substance OF value, TO manu-
~facture, refine, transport, warehouse, sell or
otherwise use Or dispose of same; to operate.
build, equip or acquire and operate reservoirs.
storage tanks, pipe lines, railroads and other
apparatus or machinery for the necessary or
convenient accomplishment Of the objects and
purposes above set forth.
Article Nv. This company shall have power,
in it's corporate name, to sue or be sued, to
make and use a corporate seal. and same to
hold, lease, and to sell, lease, mortgage, hypo-
thecate. or otherwise dispose of or cucumber
property, both real and personal, rights and
credits; to issue notes, bonds or other evil
dences of debt, and to secure the payment of
same; to acquire lands or rights of way for
pipe line or transportation purposes by pur-
chase or otherwise, or in such other manner as
may now or may hereafter he provided by law;
to elect, appoint or employ, and to fix the com
pensati0n of and discharge such officers, agents
and employees as its interest or convenience
may require; to make and establish such by
laws, rules and regulations as may be neces-
sary or convenient for the management Of its
affairs, and also to amend or repeal the anne,
and to do any and all acts or things which may
be necessary, incidental or convenient to the
accomplishment Of the objects and purposes
herein set forth.
Article v. The capital stock of this corpora
ton is hereby fixed at the sum of fifty thou
sand $3.50, 0O0) dollars, divided In five thousand
0,OOO) shares of a par value OF ten D1O) dollars
each, and this corporation shall be authorized
it's capital stock shall have been disposed OF.
The capital stock shall be represented by GER
tlficates fully paid and worcestershire, signed
by the president and countersigned by the
secretary, and said stock shall be transferable
only on the books of the company at it's office
in Opelousas, La, by the owner in person or
by. proxy, upon, surrender OF the certificates
duly transferred.
Article VI. Ali corporate powers of this
company, except those reserved by law or by
this charter to the stockholders, shall be vested
in and exercised by a board of seven ~ direct
ors, to be composed of seven stockholders. The
said directors shall be elected by ballot in an
nual meeting Of stockholders, under the super
vision OF two t2) commissioner appointed by
nually ON the first Monday In October of each
year, ten (1O days notice Of said meeting to be
given each stockholder by notice mailed to him
at his last known postofiee address. and by
lished in the town Of Opelousas, La. At all
meetings OF the stockholders, each stockholder
shall be entitled to cast one vote, in personor
by proxy, for each share OF stock standing in
his name on the books of the company, but no
stock shall be transferred within ten uO) days
prior to the time of said meeting, nor upon the
said annual meeting shall not dissolve the cor
poration. but the directors and officers then
serving shall continue to hold office until their
successors are duly elected and qualified, and
in case of failure to hold said annual meeting
at said time same shall be held as soon there
after as practicable, after due notice to the
stockholders as above provided. At the first
meeting held by them after their election, the
said board OF directors shall elect one of their
number as president, one as vice-president.
one as secretary, and one as treasurer. Five
% members of said board shall constitute a
quorum for the transaction of any aud all bust.
ness of the company. All contracts, notes.
bonds, deeds, leases or other obligations of the
company shall be signed by the president, and
- 1Ia Gaanor on Spohi1ifu 70 oct 1xy fha -Ioo
president, and shall be cOuntersigned by the
secretary. The first board of directors of the
company shall consist of Fred. l.. SandOz, John
Bernard Bennett, Allie B. Pickett and Peyton
r. SandOz, of which Fred. L. Sandoz shall be
president, Bernard Bennett vice-president,
John J. Healey secretary, and Frank J.. Diet
lein treasurer, said directors and officers to re-
main In office until the next regular annual
meeting OF stockholders, to be held the first
Monday In October, 1906, Or until their success
0rs are duly elected and qualified.
Article VII. This charter may he changed
or amended, or this corporation may be dis
solved, with the assent OF three-f0urths of the
ing Of the stockholders called for that purpose,
after publication OF notice OF such meeting for
thirty 1907 days previous in any newspaper
published In the town OF OpelOusas, La, and
written notice addressed to each stakeholder
at his last known p0st0ffice address, and depos.
tied in the postoffice, postage prepaid, thirty
(30) days prior to the date Of said meeting.
1H6 CHpltdl SGOch ~ blis CUIpufHtiOu may De
increased or diminished in the manner now, or
which may hereafter be provided by law.
Article VIII. Whenever this corporation is
dissolved, either by limitation or by vote of the
stockholders, its affairs shall be lfquidated by
three CD commissioners elected from among
the stockholders at a meeting held for that
purpose, due notice OF which must be given in
the same manner as provided for stockholders
meetings, as specified il Article z of this char
ter. In case OF death or resignation of either
Of said commissioners, those remaining shall
a a AIx~ 1~ ------
the stockholders. Said commissioners shall re-
main in Office until the affairs OF the company
are fully settled Up.
Article TX. No stakeholder shall ever be held
liable or responsible for the contracts, faults or
debts Of this corporation in any manner or in
any further sum than the unpaid balance due
the company on the shares of capital stock
owned or subscribed for by him, nor shall any
fnf0rmality in the organization ever have the
effect OF exposing the stakeholder to any liza
bility beyond the amount of his unpaid stock.
opposite their respective names the number Of
shares of capital stock subscribed for by them,
SO that this charter may serve as the original
subscription list for the formation OF this cor
porati0n.
Thus done and passed at my office at Opelou-
sas, La, on the day and date first above writ
ten, and in the presence of Achiile l.. Roos and
GallOis, competent witnesses. who have
signed with the appearers and me, notary.
Witnesses: FL sandoz, shares
A.. L.. R0os, III. III. SandOz, "
III. Gallois. I'D. Healey,
z. Z. SRndOz,
b. Bennett, /"
A. B. Pickett,
&HE&- ~ nYakIa{n a .