The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-21

chase, MORTGAGE. or convey under the said cor.
perate name property real and personal, to name
an6 appoint such officers. directors. agents and
mar ayers and employees:as the interest or con-
yeuience Of said corporation may require; to
make and establish bylaws, rules and regula-
tons for the proper management and regula-
ton of it's 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 inless sooner dissolved
shall exist for period of thirty years from date
! The president. or in his absence the secrptary
and treasurer shall be the proper person upon
whom citation other legal process shall b
served.
ARTICLEH.
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 to which 10
may acquire any rights whatever for the pur.
pose of discovering oils. gas or minerals: aud
CONNER.
cial purposes. To undertake all works and
make all contracts to that end desirable; and
such product as it may bring forth, to sell or
otherwise dispose of; to make all such works or
enterprises rs 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 Ill.
The capital stock shall be One Hundred Thou.
sand Dollars (SlG0.O0000l 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 lees
than par. Stock may be issued in exchange for
property rights actually received or purcha-
sed by the corporation. or for such other valua.
BILE consideration or services endered as may
be determined by the board of directors, provi.
dod that the stock 50 issued shall be clearly
elnai to the consideration thereof; and provi-
ded that no stuci, shall is ne the consideration.
thereof shrll have been received by slid corpo.
ration.
No stakeholder hall cell his stock until fifteen
days prior notice Of his intention to cell he ii,
ven To the Company, and the stockholders shall
have the hrs; privilege of purchasing the same
No transfer shall be m al without the propef
entry thereof on the stock books of the Compa.
ny. This corporation shall commence DOING
business as soon as seven III ,usand dollars of
;he 'pital stock shall have been subscribed.
The directors shall have thu ,.ht to determine
how much additional stock shall De issued.
A'TICLE ".
The corporate power, ~ this Comprny shall
m sod he, h..,.
directors Three of whom shall cousti,ut a quo
rum for the TRANSACTION OF business a:l their
decision shall b. said corporate acts There
shall be elocicd from these president and q
secretary & treasurer. The board Of .li-ectors
shall he elected on the first Monday ~ each
yeas. Until the election of 1905 the following
persons shall constitute the first board of tirec.
tots: l.. B. Grow. II. Shelby Sanders, Hr. Geo.
j. Sabatier. Robert Martin. Walter j. Burke,
and until such time Walter J. Burke shall be
president. and Robert Martin secretary Il trea-
surer. At every election and meeting of stock.
holders each stakeholder shall be entitled to one
vote for each share Of stock registered in his
name, and may vote by proxy.
ARTICLEV.
The board OF directors shall have power to
I'LL vacancies in their number caused by death.
resignation or otherwise. from among the stock
holders or said corporation. The said board
shall have full control OF the property of this
Company, and ehal conduct. manage and
use the same. as in their discretion they deem
hit. and that is consistent with the objects Of
this Company or the welfare of the same IL
may adopt such rules and regulations as the al.
fairs OF the corporation may reqnire employ
such servants. CLERKS. or other agents as il may
appear desilnble; TO fix and determine t re eala-
ries of officers aud other employees herein pro-
sided for
ARTICLE vi.
This charter Ina5 be changed or amended. the
stock Increased oc decreased. or the corporation
dissolved AZ n general meeting OF the stockho,d.
era cohveard Tor the purpose with the assent Of
thres-fou"'h- 81 tn entire stock issued, wheth.
Pr preset ~ represented at such meeting,
lhiry da:s prior notice d such meeting shall
b. given in any newspaper published in st.
hartipsille. Notice snail likewise be given in
writing. In case OF dissolution of this corpora
ion, the liquidation of the affairs shall be con.
iucted by three commissioners, selected from
he stockholders at a meeting called for that
purpose. as above set forth in this article. Said
'ommissioner5 shall remain in Office until the
-AA"A A'SS'No'ioh' IL SaSe vi tne uedtn Oh one
'r more Of such commissioners, the survivors
'r survivor shall contune to act.
ARTICLE VII
No stakeholder of this corporation Shall be
leid liable for the contracts or faults there
u. IN any fnTthey sum than the unpaid balance
lue the Com psny on the shares of stock sub.
cribed for or owned by him. nor shall any in
ormaiiiy in organization have the effects of
endering this charter null, or of exposing
to any liability beyond the unpaid
'alance, if any, of his stock.
Thus done and passed at NV ofF,ca I'm the 3.~