The Opelousas courier., 1905-09-30

which this corporation is organized, and the
nature of the business to be carried on by it,
are hereby declared to be to purchase, lease,
hold or otherwise acquire land, mines, mineral
rights or mining claims and privileges in the
pect, develop, open, operate, or in any manner
use or turn same to advantages; to operate for
natural gas. oil, petroleum, salt. sulphur, or
other mineral Or substance OF value, to manu-
~facture, refine, transport, warehouse, sell or
otherwise nse 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
break or alter at pleasure, to purchase. receive,
hold, lease, and to sell, lease, mortgage, hypO-
thecate, or otherwise dispose of or ncumb
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 OF 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 be provided by law;
to elect, appoint or employ, and to fix the COM
pensatiOn 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 same,
sand to do any and all acts or things which may
be necessary, incidental or convenient to the
aCCOLupIlSul1tu u tH0 UDJtCGS anu UutDUSCS
herein set forth.
Article V. The capital stock of this corpora
ton is hereby fixed at the sum of fifty thou-
sand $3.50, O0O) dollars, divided in five thousand
Il, 000) shares OF a par value of ten ($l0) dollars
each, and this corporation shall be authorized
to business as soon as twO-thirds of
its 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
nnJ ~ nm fhnh nnEa N H. oIrnn nc ~ Of q n RnA
in Opelousas, La, by the owner in person or
by proxy, upon surrender OF the certificates
duly transferred.
Article vi. AL 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 "a direct
said directors shall be elected by ballot in an
nual meeting of stockholders, under the super
vision of two t) commissioners appointed by
the directors, which meetings shall be held an
nually on the first Monday in October of each
year, ten (10) days notice of said meeting to he
given each stockholder by notice mailed to him
at his last known postoffice address, and by
publication three 81 times in any paper pub
lished in the town Of Opelousas, La. at all
meetings Of the stockholders, each stakeholder
shall be entitled to cast one vote, in person or
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 QO) days
prior to the time OF said meeting, nor upon the
day thereof. Failure from any cause to hold
| 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
said board of directors shall elect one of their
| number as president, one as ce-president.
one as secretary, and one ,, as treasurer: Five
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
in his absence or inability to act, by the vice.
| president, and shall be conntersigned by the
secretary. The first board Of directors OF the
mpa shall consist Of Fred. l.. Sand0Z, John
J.. Healey, Hart III. Sandoz, Frank j. Dietlein,
Bernard Bennett, Allie b. Pickett and Peyton
r. SandOz, of which Fred. L. Sandoz shall be
John J. Healey secretary, and Frank j. Diet
leim 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
ors are duly elected and qualified.
Article VII. This charter may be changed
solved, with the assent OF three-fonrths of the
capital stock present or represented at a meet
ing of the stockholders called for that purpose,
after publication of notice of such meeting for
thirty 800 days previous in any newspaper
| published in the town of OpelOusas, La, and
written notice addressed to each stakeholder
| at his last known D0Et0fnc6 ADDRESS, ana depOS-
tied in the postoffice, postage prepaid, thirty
1907 days prior to the date of said meeting.
The capital stock of this corporation may be
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 liQuidated by
three 49, 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 III Article Z of this char
ter. In case of death or resignation of either
Of said commissioner, those remaining shall
AL the vacancy by appointment from among
main In Office until the affairs of the company
are fully settled up.
Article TX. No ~stockholder 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
informality in the organization ever have the
effect of exposing the stakeholder to any liza
bility beyond the amount of his unpaid stock.
The said appearers have seyerally written
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
poration.
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 Achille L. ROos and
Henry GallOis, competent witnesses, who nave
signed with the appearers and me, notary.
Witnesses: F. 1. Sand0z, shares
A. L.. Roos, II. II. sandoz,
I'll. Gallois. ii. Healey,