The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-28

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-
lions for the proper management and resula-
ton of its affairs, IA 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, OF 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. OF in his absence the secretary
and treasurer shall be the proper person upon
whom citation or other legal process shall be
served.
ARTICLE III.
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 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 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 as 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 III.
4. IL a..
sand Dollars tslOOOOO, dollars, divided into
shares of one hundred dollars each, which
stocks shall be paid for in cash at the time of
subscription of its issuance, at not less
than par. Stock may he issued in exchange for
property or rights actually received or purcha-
sed by the corporation. or for such other valua4
BILE consideration or services rendered as may
be determined by the board of directors. provi.
ded that the stock issued shall be clearly
equal to the consideration thereof; and provia
ded that no stock shall issue 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 81.
ven to the Company, and the stockholders shall
have the first privilege of purchasing the same.
W. cltdli De futub WAtnOut inc DIOU0I
entry thereof on the stock books of the Comps-
ny. This corporation shall commence doing
business soon a. seven Thousand dollars of
the capital stock shall have been subscribed.
The directors shall have the right 10 determine
how much additional stock shall be issued.
ARTICLE ".
The corporate powers of this Company shall
be vested in and exercised by board of Five
directors Three OF whom shall constituts quo.
rum for the transaction % business. and their
decision shall be valid corporate acts There
shall be elected from these president. and q
secretary d treasurer. The board Of directors
shall be elected on the first Monday of each
year. Until the election of 1913 the following
persons shall constitute the first board of direc,
torsi L.. h. Grow. H. Shelby sanders, DIR. Geo.
j. Sabatier. Robert Martin, Walter j. Burke,
ami until such time Walter j. Burke shall be
president. and Robert Martin secretary e. tres
scleE. " every election and meeting of stock.
holders each stakeholder shall be entitled TO one
vote tor each share Of stock registered in his
name, and may vote by proxy.
ARTICLEV. IA
The board of directors shall have power to
nil vacancies in their number caused by death,
resignation or otherwise, from among the stock
holders of sail corporation. The said board
shall have full control of the property Of this
Company, and snail so conduct manage and
nee the same, as in their discretion they deem
fit, and that is consistent with the objects of
this Company or the welfare of the same. Il
may adopt such rules aGd regulations as the af-
fairs of the corporation may require erlploy
/. Il
appear desra ble to fix and determino - sala-
ries of "3icers and other employees herein PRO
vided tor.
ARTICLE VI.
This charter may be cirlns ei or amended the
stock increased or decreased, or the corporation
dissolved at a general meeting OF the stockhold-
ers convened for the purpose. with the assent Of
of the entire stock issued, wheth-
Or present or represented at such meeting.
Thirty days prior notice of such meeting ehall
be given in any newspaper published In st.
Nartinville. Notice shall likewise be given in
writing. In case uf dissolution of this corpors-
ion, the liquidation of the affairs shall be con.
incted b. three commissioners. selected from
he stockholders at u meeting called for that
purpose. as above set forth in this article. Said
shall remain in office until the
inal liquidation. In case of the death of one
,r more OF such commissioners, the survivors
,r survivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation Shall be-
held liable for the contracts or faults there.
II, in any furthey sum than the unpaid balance
iue the Company on the shares of stock sub
'cribed for or owned BY him. nor shall any in
ormality in organization have the effects of
endering this charter null, or of exposing q
tockholder to any liability beyond the unpaid
valance. if any, of his stock.
Thus done and passed at nv Office on the day,
month and year first above written. in the pro-
ence of Messrs. Henry p. Olivier and Dan w.
LOQrhI los xrifpas.sos