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

| and superintend any roadway, tramway. pipe
| line, tanks, reservoirs, warehouses, water
works, electric works, crushing works, by
draulic works or any other works and cor
veniences that may be directly or indirectly
conducive to any of the objects and pur-
poses OF this corporation; TO purchase, &C
quire. hold, lease, control and operate. and
SELL lease and dispose Of TO such person or
| persons, corporation or corporations, and at
such price or prices and on such terms and
/ conditions as to this corporation may seem
proper, water rights, improvements ana
buildings, for mining and for the use and
purposes incident thereto; TO purchase,
lease or otherwise acquire all or any part OF
| the business or liabilities Of any person,
firm, corporation or association engaged
therein or holding any part in similar OBJ
jectS and purposes 10 do all or anything
| suitable, necessary, convenient and proper
i for the accomplishment Of any purposes or
the attainment Of any one or more OF the
objects and purposes herein enumerated or
| incidental TO the powers herein named. or
which shall at any time appear conducive
to. or expedient for the business Of this
corporation.
| ARTICLE ".
The capital stock OF this corporation Is
hereby fixed al the sum OF fifty thousan nd
dollars $3.50. 900 OO). divided into and rep
resented by five hundred shares 5000 OF the
par value OF one hundred dollars (Sl0OD
| each.
Subscriptions to stock shall he payable in
|
days after subscription. No transfer OF
stock shall be binding upon the corporation
unless entered upon its books.
| This corporation shall be and Is hereby
authorized to commence business as go
| ing concern and TO exercise and enjoy all OF
the privileges OF a corporation. as soon as
fifty shares OF its capital stock shall have
All certificates OF stock shall be signed BY
the president and countersigned by the sec
| rotary.
All the corporate powers OF this corpora
| tion shall be vested in, and exercised by
| board of directors composed OF seven ca
| stockholders, who shall be elected annually
on the second Monday in July, beginning
with the year 1912: a majority OF said
board shall constitute a quorum for the
| transaction OF any and all business
At all elections each stakeholder shall be
entitled to one vote for each share OF stock
held by him, and majority OF votes cast
shall elect. Stockholders may vote either
| in person or by written proxy. A failure 10
elect directors at a regular meeting shall
not dissolve the corporation, but the direc-
tors then In ONCE will continue to act until
their successors are elected and qualified,
and in that event another meeting or other
meetings shall be called until an election Is
effected. Notice OF the time OF holding any
and all meetings shall be given by the secre-
tary 10 each stOckholder. such notice to be
sent by mail, ten days before such meeting
and directed to each stakeholder at his last
known address.
Immediately upon being elected. the di-
rectors shall elect from among their own
number a president, a vice president a sec.
rotary and a treasurer.
ARTICLE VI.
This act Of Incorporation NAV be altered
and amended, or this corporation may he
dissolved by the assent Of three fourths OF
the stock represented at a meeting called
Tor such purpose, upon notice being given
in a newspaper published In the city OF New
orleans for more than thirty days, and
written or printed notices sent TO Slch stock
holder OF this corporation directed to his
last known address.
Whenever the corporation Is dissolved. OF
expires by limitation, the stockholders shall
elect three liquidating commissioners. who
shall have power to wind up the affairs of
the corporation, dispose of all its property,
6oth real and personal, pay its debts, and
distribute the remainder OF the assets, II
any, TO the stockholders. In the event of
anv OF the said commissioners or liquidators
should die or be unable to act, the said IL
quotation shall be continued by the surviT
ors.
ARTICLE VII
The capital stock Of this corporation ma,
be Increased or decreased BY Observing the !
formalities prescribed by law.
ARTICLE VIII.
No stakeholder OF this corporation shall |
ever be held liable or responsible for the |
contracts or faults OF this corporation In |
any further sum than the unpaid balance
due by him, IL any, on the stock subscribed |
for by him; nor shall any mere informally |
in the organization have the effect OF render |
ing this charter null. or of exposing any
stakeholder TO any liability beyond the I'M |
paid balance. II any, due by him, for stock |
subscribed for by him.
Vacancies in the board OF directors re- |
sulting from death. resignation. or other |
wise, shall be filled by the remaining mem |
sers of the board Of directors.
ARTICLE Y.
Cntil the first election on the second |
Monday in July 1912. the following shall
constitute the first board OF directors, viz
DR.. Joseph Numa Roussel. Daniel j. DeyIin.
Henry Waller Fowler. Mrs. Mary Amelia
Devhn, James J. Mclaughlin, Bernard L.
Boswell and Samuel f. Worms; with the
said DIR. Joseph Numa ROussel as president
Daniel J. Devlin as vice-president. James }.
Mclaughlin as secretary and Samuel +.
Worms as treasurer.
Thus: done and passed in my office in the
city of New Orleans, aforesaid the day.
month and year first above written, in the
presence of Messieurs Eugene Stanley and
Samuel Manfre, both witnesses of lawful
age and residing In this city. who hereunto
sign their names together with said partie,
and ne, the said notary, after due reading
OF these presents.
Original sigend) ]. " RousseI. Mrs. |
J. Devlin. James j. Mclaughlin. III. w. Fow
Ter. B. 7. Boswell, s. f. Worms.
Eugene Stanley, Samuel Manfre witness |
es BUS. ROUEN, Not. Pub.
!, the undersigned. recorder of mortgages. |
in and for the parish Of Orleans, state of |
Louisiana, do hereby certify that the above |
and foregoing act Of Incorporation of the |
Nezpigue OIL Company, was this day duly |
recorded In my ONCE, in book 1918, folio 5Of |
New Orleans, April 18th. 1911.
tSeaD (Signed) EMILE LEONARD,
- d.