St. Tammany farmer., 1911-11-25
president, then the service shall be
made upon the secretary.
ARTICLE LII

made upon the secretary.
ARTICLE III.
The objects and purposes of this |
corporation and the nature of the
'-.,siness to be carried on by it are
ts1eby agreed to be: To purchase,
nceive, hold, lease, or otherwise ac-
ire mines, mineral lands, mining
hts, claims and privileges, or real
: ;tate in the United States of Amer
Ca or State of Louisiana, and to ex-
ore, prospect, examine, test de-
clone. cpeL, work, or in any manner
,;sc OF. turn same to advantage, to
2rcsoet and search for natural gas.
Gil, petroleum, coal, salt, sulphur,
or other mineral or elements OF
va.ue, TO investigate, examine and
'est lands where same are supposed
!, exist, such wells and shafts as
~.sy be deemed expedient for that
enrpose, and to drill, bore, dig.
as, or put down to mine. dig, blast,
vxsavate, pump or otherwise OBTAIN
~ procure natural gas, oil, petrole-
81. coal, salt, sulphur or other min
erals Or substances of value, and to
prepare, purify, refine, nanufac-
|ture, transport, convey, store, ware
house, sell or otherwise use or dis
pose of same; to drill, bore Or put
down, excavate or make, and main
tain. repair, operate, and work any
wells, shafts, mines or other WORKS
that may be necessary or convenient
to accomplish and carry on the OBJ
jects and purposes herein set forth;
| to build, erect, repair, maintain and
operate any buildings, houses, pumps
machinery, apparatus, works, rail-
roads, tramways, boats, barges, ca
nails, levees, reservoirs, pipe lines,
tanks or other things that may be
necessary or expedient to accomplish
and carry on the objects and purpos-
es herein set forth, and in general
to do and act anything necessary,
convenient Or incidental to the ac-
complishment of said objects and
purposes.
| ARTICLE w.
The capital stock of this corporation
is hereby fixed at the surl of thirty
five thousand dollars, to be divided
Into and represented by thirty-five
hundred shares of the par value Of
ten dollars, which capital stock shall
be increased or decreased IN the
manner provided by the laws of the
State of Louisiana. Said stock shall
be paid for in cash, CT its equiva-
lent in real property, or personal
property, property received for SER
vices rendered, or labor performe
. III such manner and under the terms
such as the board of directors may
, determine, but no certificates oil
| stock shall be issued until the same
. has been paid for either in cash OF
property received, services rendered
/ or labor performed. No transfer o1
stock shall be binding upon this cor
2 poration unless recorded upon it:
, books, and until the certificate o.
stock shall have been delivered tt
1.-The corporation and duly cancelled
/ ARTICLE v.
All the corporate powers of thi
Y corporation, and the management
: and control of its affairs, shall b.
e vested in and exercised by boart
: of directors, composed of clever
4 stockholders, of whom five shall con
: stitute a quorum for the transaction
!. lof business. the number of sail
Y board of directors may be increases
: at the option of the said board of di
e rectors, but in that case, a majorit,
Y Of the, number of the board of direc
r tore shall constitute quorum there
s of. Said board of directors shall b
n elected on the second Monday of tn
n month of December of each yea1
| and shall Immediately after the cleo
: ltion elect from among their numbe
la president, vice-president and
treasurer, each of whom shall be
stockholder. They shall also cleo
a secretary who may or may not
La stockholder. Each stockholde
shall be entitled in person or b
prexy to one vote for every share c
stock owned by him or her. A.
% elections shall be by ballot and hel
q at the office of the said corporation
F. under the superintendent of tw
~ commissioners to be appointed fo
y that purpose by the board of diret
: tors A majority of the votes cas-
:. shall elect said board of director
i who with the officers thereof sha
n continue in office until their succes
II sors have been elected and qualified
- Notice of the election of board {
V directors shall be given by publics
tion in some newspaper publishe
at the domicile of the corporatio
= for period of at least ten days pre-
y vious to said election. The firs
J. election of the board of directors III
h Ger this charter shall take place o
r the second Monday in Decembe
J. 1912, until which time, OR unit
d their successors have been dul
elected and qualified, the followin
persons shall constitute the firs
- board of directors, namely: B. 7
Warren, A. H. Grimmer,E. B. Ster1
?. J. Lacroix, L, Cole, E. G. Del Co
raj, A. R. Smith, Thomas Lacroi,
S. D. Bulloch, K. V. Richard and n
P. Planche, of whom B. B. Warre
y is president; E. B. Stern, vice-pres
d dent; A. H. Grimmer, secretary, an
v 7. ]. Lacroix, treasurer. The fai
Le ure from any, cause to elect dire
le tors On the day stipulated shall ne
e dissolve this corporation, but the O.
n ficers and directors ther in offie
+. shall hold over until their succe!
S sors have been elected and qualified
~ III the event of failure to hold tn
y election on the day stipulated tn
IS president shall call new electio
D INN ediately thereafter, within tie
= days notice as hereinaboyc provided
a ANY director shall have the right t
r vote on all questions before th
" board, either in person or by prox.
l. the person holding same to be coun
II ed in place of the absent membe
IT The board Of directors shall hav
j. the power to fill any vacancies o.
lc curing in it's membership frol
r among the stockholders of the COZ
d Dcration. They shall have full COZ