The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-14

chase mortgage Or convey under tie said cor.
perate name property real and PERSONAL to name
and appoint such officers. directors agents and
managers and employees:as the interest or con-
yenience of said corporation may require: to
make and establish bylaws. rules and regula-
tions for the proper management and regula-
ton of its affairs. as may be deemed necessary
and proper. and the same to change and alter
at pleasure; and to do all other acts and things
permitted By law, or as shall be necessary and
proper to carry out the objects and purposes OF
said corporation.
Said corporation Unless sooner dissolved.
shall exist for period of thirty years from date
The president, or in his absence the secretary
and treasurer shall be the proper person upon
whom citation 2r other legal process shall be
served.
ARTICLEI ii.
The objects and purposes for which this cor
poration is organized and the nature OF the
BUSINESS to be carried on are hereby declared to
be to engage in the business OF drilling upon or
otherwise exploiting such lands as it may &C
quire in full or part ownership, or 10 which IL
may acquire any rights whatever for the pur-
pose of discovering oils, gas or minerals; and
the same to explore and develop for CONNER
cial purposes. To undertake ell works and
make all contracts to that end desirable; and
such product as Il may bring forth, to sell or
otherwise dispose of: to make all such works or
enterprises ~ may facilitate such drilling and
explorations. the stor ing Of products, the sale
and delivery thereof and in fine to do all things
necessary or convenient to the benefit OF said
enterprise.
ARTICLE I'LL
The capital stock shall be One Hundred Thou
sand Dollars (Si0OOO0.OCl dollars, divided into
shares of one hundred dollars each which
stocks shall be paid for in cash at the time OF
subscription or of its issuance, at not less
than par. Stock may be issued in exchange for
property or rights actually received or purcha-
sed by the corporation. or for such other valua-
BILE consideration or services rendered as may
be determined by the board of directors, provi-
ded that the stock so issued shall be clearly
equal to the consideration thereof: and provi-
ded that no stock shall is, Ne the consideration.
thereof shall have been received by said corpo-
ration.
No stakeholder shall sell his stock until fifteen
days prior notice of his intention to sell be gi-
ven to the Company, and the stockholders shall
have the first privilege OF purchasing the same.
!
entry thereof on the stock books of the Compa-
ny. This corporation shall commence doing
business as soon Us seven Thousand dollars Of
the capital stock shall have been subscribed.
The directors shall have the right to determine
how much additional stock shall be Issued.
ARTICLE ".
| The corporate powers OF this Company shall
be vested in and exercised by Il ia'ard of Five
directors Three OF whom shall constitut, quo
rpm for the transaction of business. and their
decision shall be valid corporate acts. There
shall be elected from these p,ttsident' and
secretary q treasurer. The board OF directors
shall be elected the fret Monday OF esch
year. Until the election of 1913 the following
persons shall constitute the frat board 81 direc-
tors: l.. H. Grow, IL. Shelby Sanders. DR.. Geo.
J. Saba,ier. Robert Martin, Walter ). Burke,
and until such time Walter ) 3arke shall be
president, and Robert Mart;c secretary s tres-
s,irer. At every election and meeting of stock
holders each s.cckhoder shall be entitled to one
vote for each share cf stock registered in his
name, and nag vote by proxy.
ARTiCLEV.
Inc board If directors shall haze power to
fill vacancies IL their number caused by death,
resignation OF Otherwise, from among the stock
holders o. said corporation. Tie said board
shall have .ull contru, Of tho property OF this
Company. and shall so conduct, manage and
use the SAME, a. in their discretion they deem
fl, and that i. consistent with the objects OF
this Compsny or the welfare of the same. 1t
may nd ,pt sCch rules and regulations the af.
fairs Of the corporation may require, enlploy
such servarts. CLERKS. or other agents il may
appear desirable; to tx and determine % s1la-
ries OF officers and other employees herein pro-
vided Tor.
ARTICLE VI.
This chatter nag tr changed or agneodci, the
stock Increased OK decreased the corporation
dissolved at a general meeting of the stockhoid-
ers convened for the purpose. with the assent OF
three -fourths of the entire stock issued, wheth-
or present or represented at such meeting.
Thirty days prior notice of such meeting shall
be given in any newspaper published in st.
Martinville. Notice shall likewise be given In
writing In case of dissolution of this corpora
ton, the liquidation OF the affairs shall be cou-
Quoted by three commissioners. selected from
the stockholders at a meeting called for that
purpose as above set forth in this article. Said
commissioners shall remain in office until the
final liquidation. In case Of the death of ono
or more of such commissioners, the survivors
or survivor shall continue to act.
ARTICLE VII.
No stakeholder Of this corporation Shall b
held liable for the contracts or faults there
of. in any furthey sum than the unpaid balance
due the Company on the shares of stock sub
scribed for or owned b. him, nor shall any in
formality in organization have the effects OF
rendering this charter null. or of exposing q
stockhoder to any liability beyond the unpaid
: balance. If any, of his stock.
| Thps done and mas sed Mt nv Office ON the day,