The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1908-01-04

chase, mortgage, OF convey unuer tne salu 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 10 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 secretary
and treasurer shall be the proper person upon
whom citation or other legal process shall be
served.
ARTICLE H.
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 is
may acquire any rights whatever for the pur-
pose of discovering oils, gas or minerals: and
the same to explore and develop for CONNER
make all contracts to that erd desirable; and
such product rs 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 Ill.
The capital stock shall be One Hundred Thou
sand Dollars (SlO0OOO.O0) dollars, divided into
shares of one hundred dollars EACH which
stocks shall be paid for in cash at the time Of
subscription o 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 issue the consideration.
thereof shall have beea received by said cOrpo-
ration.
No stakeholder shall sell his stock until fifteen
days prior notice Of his intention to sell be gil
ven 10 the Company, and the stockholders shall
have the first privilege OF purchasing the same.
No transfer shall he mlda without the proper
entry thereof or the stock books of the Compa-
ny. This corporation shall commence doing
business as soon n, seven Thousand dollars OF
the capital stock shall have heen subscribed:
The directors shall have the right 70 determine
how much additional s;"c;. shall Dr. issued.
ARTICLE ".
The corporate powers of this Company shall
be vested in ard exercised 10y board of Five
directors Three Of whom shall conaiiiut a quo.
rum for the transaction at business. and their
decision shall he valid c"f'itjr:,e acts. There
shall be elected from these president. AID d
secretary treasurer. TIE board Of dIrectore
shall be elected on the hrst fonda: of each
year. Until tho election of iaJs the following
persons shall constitute the first board u. direc-
tors: j.. 3. ;irow Il. Shelby Sanders, Dr. Geo.
j. Saisitier, Robert Martin. Waiter j. Burke,
and until such time Walter J. Burke shall be
president, ard Robert Martin secretnrs g. trea-
surer, At every election and meeting of stock.
holders each stakeholder shall he entitled to one
vote FIR each share Of stock registered in his
name, and may vote IIy proxy.
ARTICLE V.
The board Of directors shall have power to
fill vacancies in their numLer caused by death,
resignation otherwise. from among the stoch1
shall have full control Of the property Of this
Company, and shall so conduct. msnage and
use the same, in their discretion they deem
fit, and that is consistent with the objects Of
this Company OF the welfare of the same. IL
may adopt such rules and regulations rs the,af.
fairs of the corporation may regnire, .Splcy
such servants, clerk. or OTHER assnts as il maS
appear desirable; to fly and determine . sala-
Of
vided for.
AnriCiE VI.
This charter may be charged or arnea,lr.l the
stock increased decrea~eI. or the corporations
dissolved ut a general meeting ct the stotkho!d-
ers convened for the purpose, with the assent Of
three-foarths of the entire stpc.s issued, wheth,
er present or represented at such meeting,
Thirty days prior notice ct such meeting shall
be given i'll any newspaper prblished IN st,
Nar:ihville. Notice shall likewise lrp given in
writing. In case OF dissolution Of this corpora
ton, the liquidation az the afairs shall be con,
ducted By three commits ioners, selected from
the stockholders a. a meeting called for that
purpose, as above SGT forth in this article Said
commissioners shall remain in office until the
final liquidation. In ease OF the death Of one
or more of such commissioner, the survivors
or survivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation Shall be-
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 SUBJ
scribed for or owned by him, nor shall any in
formality in organization have the effects of
rendering this charter null, or of exposing q
stakeholder to any liability beyond the unpaid