The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-18

both Of said officers, upon the secretary o
| the corporation; suits by this corporation
shall be brought in its corporate name b
its president.
ARTICLE III.
The objects and purposes for which thi
corpora lion Is organized, and the natur
or the business to be carried on by it, ar
hereby declared to be
| TO prospect for. locate. acquire by diScoy
cry, lease, license. option, purchase fran
chiSe. grant, gift, donation. devise. eIchang,
| or otherwise. and to hold, own, possess
| enjOv develOn mine. work bore and drill
! Tor operate and develop promote and .x
! plot mines. oil wells, gas wells. and wells
| mines or excavations. for salt. sulphur wa
ter and all other mineral products Of what
ever natare; and the same 10 sell. or other
wise dispose OF or cucumber mortgage anC
| hypothecate. as the business, interests OI
convenience Of the corporation NAV require
To locate, purchase. lease. or othrrwiS,
| acquire lands, mines, wells, excavations
mineral rights and claims. water rights ant
! franchises, mill sites and lands. and pa rite
ularly lands containing or believed to con
tain oil, gas. salt, sulphur, water and other
mineral deposits: to carry on the business OF
searching for, prospecting, preparing, min
Ing, drilling and boring for, refining. piping
storing, transporting. supplying. buying
selling, manufacturing and distributing gas
petroleum. or other oil, salt. sulphur. water
and other minerals, and their products and
hy-products and to erect. acquire maintain
and operate refineries. mills works, laborato
ries, workshops. and dwellings for workme.
To purchase, construct. lease or otherwise
acquire, own, operate and maintain. electric
or gas lighting and power plants. buildings
machinery, appliances and equipment apper
tanning thereto for the use OF Us business
and TO own and operate telephone and telp
graph lines, or to lease. construct, or other
wise acquire the same for the uses and pur
poses OF its own business.
To construct, lease. acquire. own and oper
ate pipe lines. with stations and storage
tanks. for the transportation distribution
and storage OF oil, gas or other products
but not as common carrier: to store oil
Tor hire; 10 charter. own, construct or lease
and operate tugs, barges and other vessels
for the transportation OF petroleum and
other products, and TO construct lease or
own docks and wharveS for the use OF such
water transportation 10 purchase. lease
own, hold and operate tanks and tank cars
and other works and appliances that may he
incidental or auxiliary to the business Of
this corporation: to lease. own, construct
purchase, maintain and operate. tramways
railways. with necessary engines. cars and
Sppurtenanccs for the transportation of
petroleum, or other oils, minerals, supplies
materials and appliances OF whatsoever ma
ture or Kind for the uses and purposes Of
said corporation, but not as a common car.
rer.
And generally TO hold and exercise all
such Incidental powers and privileges as re-
late to the objects and purposes hereinabovs
set forth.
ARTICLE ".
The capital stock OF this corporation I.
hereby fixed at forty thousand dollars $40
600. 00), divided into four hundred shares OF
par value Of one hundred dollars $500 OOl
each. The stock OF company shall only he
issued for money, property, or services re.
dered this corporation, and shall be repre-
sented by certificates issued by the com
pany and signed by the president and sec
rotary.
This corporation shall be entitled TO be-
gin business when three thousand dollar.
S3,O0000), being thirty shares OF its cap
ital stock, shall have been subscribed for
and the Board OF Directors OF the compan '
snail nix the time and manner in which
payment for said stock shall be made A
list OF subscribers to the capital stock, which
hereto attached shows the total subscriptions
to the capital stock.
ARTICLE V.
All Of the corporate powers OF this cor
poration are hereby vested In, and shall be
exercised by a Board OF Directors, to con
sist of five stockholders, three Of whom
shall constitute quorum for the transac-
ton OF all business. The said Board OF
Directors shall be chosen annually by the
stockholders at a meeting held on the first
Monday Of the month OF March, 1912. and
annually thereafter on the same day or I'm.
I'll their successors have been duly elected
of Leon c. Weiss, Walter C. Keenan,, W. f.
Dodsworth, and Frank Bethune who shall
serve until the election of their successors
Each Board Of Directors shall appoint
ger, vice-president and treasurer, and q
secretary. All officers above mentioned shall
hold their Offices during the life Of the Board
OF Directors appointing them.
Vacancies in the membership of the Board
Of Directors, or In said ofices, shall be filled
by appointment of the remaining member.
Of the Board Of Directors.
The following persons shall constitute the
officers OF the company during the life Of the
first Board OF Directors Leon G. Weiss
president and manager; Walter c. Keenan,
yice-president and treasurer; W. E. Dods-
worth, secretary.
be held at the office of the company at New
Orleans, at such times, and upon such no.
tice, as may be fixed by the said Board of
Directors, or the president Of the company.
Inc Board OF Directors shall also appoint
all such other officers, agents. or EMPLOYEES,
as the business Of the company may re-
quire. or may confer such rights Of appoint.
ment upon the general manager Of the COM
pany.
All salaries shall be fixed by the Board
Of Directors, or by the general manager in
case OF persons employed by him under
authority Of the board.
The Board Of Directors shall also have the
right to confer any Of its powers upon an
executive committee, agent, or representa-
tive; or other person, as 1t may deem ad-
visable.
ARTICLE vi.
All meetings Of stockholders, for any DUR
pose whatever, whether special or general
shall be held In the City Of New Orleans
La, after ten days notice mailed to the
last known address of each stakeholder In
such meetings stockholders shall be entitled
to one vote for each share Of stock owned
by them, In person or by proxy; provided
that stock can only be voted In the names
OF stockholders who shall be the record
owners OF the stock, as shown upon the
books OF the company. at least thirty 900
days In advance Of the meeting at which
said stock Is offered to be voted. Said no.
tice OF meeting shall be issued by the Sec
rotary OF the company by authority Of either
the Board Of Directors or president of the
company.
Failure to hold the annual meeting OF
stockholders shall not affect the capacity of
the Incumbent officers to act, but they shall
hold office until their successors are elected.
ARTICLE VII.
This charter may be changed, altered, or
amended, or this corporation be dissolved
by vote of two-thirds Of the outstanding
capital stock, present or represented at
meeting called for that purpose, after notice
OF said meeting shall have been given as
above provided.