The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1908-01-11

chase, mortgage, Or convey under the 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-
venience 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 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 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 are hereby declared to
be to engage in the business Of drilling upon or
otherwise exploiting such lands as it may
qure in full or part ownership, or to which 10
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.
The capital stock shall be One Hundred Thou
sand Dollars (SIOO. 10000 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 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 BIZ said cOrpO.
ration.
No stakeholder shall sell his stock until fifteen
days prior notice of his intention to sell be gil
ven to the Company, and the stockholders shall
have the first privilege OF purchasing the same.
No transfer shall be made without the proper
entry thereof on the stock books of the COmpa-
ny. This corporation shall commence doing
business as soon as seven thousand dollars OF
the capital stock shall have been subscribed.
The directors shall have the right to determine
how much additional stock sall he issued.
ARTICLE ".
The corporate powers of this Company shall
be vested in and exercised by board of Five
directors Three of whom shall cousttut quo
rum for the ,ransaci;o ion of Business and their
decision shall be valid corporate acts. There
shall he elected from these president. andSa
secretary x treasurer. The board III directors
shall DO elected on the first N6ndAy of each
year. Until the election OF 1913 tho following
persons shall constitute the first board of direc.
tors: l.. b. Grow, Ii. Shelby Sanders. DIR. Geo.
J. Saba:er, Robert Iariin, Walter ]. Burke,
and until such time Walter j. Burke shall be
president, and Robert Martin secretary 4 trea-
surer. At every election and meeting Of stock.
holders each stakeholder shall be entitled to ono
vote for each share OF stock registered in his
name, and mag vote by proxy.
ARTICLE
The board of directors shall have power to
fill vacancies in their number caused by death,
resignation or otherwise, from among the stock.
holders os said corporation. The said board
shall have full control of the property OF this
Company, and shall SO conduct, manage and
use the same, 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 and regulations as the az.
fairs of the corporation may require, employ
such servants, clerks, or other agents as il may
appear desirable to fix aud determine g sala-
ries Of officers and other employees herein pro-
vided for.
A::?I@i.E II:
This charter MAJ be changed or amended tho
stock increased or decreased, or the corporation
dissolved at n general meeting OF the stockhold.
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
tion the liquidation OF the affairs shall be con-
Quoted by three commissioners. selected from
the stockholders at a meeting called for that
purpose. "a above set forth in this article. Said
commissioners shall remain in Office until the
final liquidation. In case of the death Of one
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 by him. nor shall any in.
forplality in organization have the effects Of