The herald., 1911-09-07

The name OF this corporation shall be the
SOUTH SULPHUR; MINERVA AND OIL
enjoy all the rights and privileges granted
by law to corporations it shall exist for a
period OF ninetynine (99) years, unless
sooner dissolved as hereinafter provided; Its
domicile shall be in the city OF New Orleans,
state OF Louisiana, where citation and other
legal process shall be served on its presi-
dent and in his absence on the vice-presi-
dent of the corporation.
ARTICLE II.
This corporation shall have power to con-
tract sue and be sued in its corporate
name to make and use corporate seal TO
hold, receive, purchase or otherwise acquire,
convey, mortgage, hypothecate or pledge pro-
perry both real and personal to issue bonds.
lend money to have and employ such man
a gers, directors, officers and other employees
as the business Of this corporation may re-
Uuire for its conduct; and TO make and es-
tablish such bylaws, rules and regulations
for the management and control Of the af-
fairs OF said corporation as may be des!ra-
bic or necessary.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature OF
the business to be carried on by Ii are
declared to be: to purchase, lease or other
wise acquire, to sell and generally to deal
in lands in this state or in neighboring
states; to construct or otherwise acquire
works and appliances necessary for the ex
plotatlon, discovery, development, manufac-
turing and refining Of mineral oil and other
mineral substances to acquire, by purchase,
lease or otherwise, and to operate oil wells,
refneries, pipe lines and their appurten-
ances; to purchase and sell and generally
to deal in the stock and securities Of other
corporations; and generally to engage In
any other business or enterprise connected
with or incident to the purposes herein set
forth.
ARTICLE ".
The capital stock Of this corporation Is
hereby fixed at the sum of one hundred
thousand dollars (S10O, 100000, divided into
and represented by one thousand (1,OOO)
shares of the par value Of one hundred dol
lars (S1O0.0O) per share. which shall be
paid for in cash, or by property transferred,
or by services rendered to the company.
Subscriptions to stock shall De paid In such
amounts and at such times as the board Of
directors may require. All shares or stock
shall be full paid and worcestershire. No
transfer Of stock shall be binding upon the
company, unless recorded upon Its books.
All certificates Of stock shall be signed by
the president and by the secretary. This
corporation shall begin business as soon as
ten thousand dollars (s1O,OO00o) Of its
stock shall have been subscribed for.
ARTICLE V.
All the corporate powers of this company,
including the right to purchase, convey,
mortgage and hyp0thecate real estate shall
be vested in, and the management and con-
troll OF its business shall be exercised by
board OF directors, composed or three STOCK
holders, two of whom shall constitute
quorum for the transaction of all business.
Messrs. j. S. Brady, ID. c. Wells and George
A. Simms shall constitute the first board OF
directors, who shall hold Office as such until
the second Monday In July, 1912. On the
Monday
thereafter, there shall be a meeting OF
stockholders, convened upon the call OF the
secretary by giving ten days notice thereof
to each stakeholder through the mails d.
rected to hiss last known place of residence
or business, at which a board of directors
shall be chosen for the ensuing year. Each
stakeholder shall be entitled to one vote
for each share of stock owned by him, to be
cast either in person or by proxy. All cleo
tons shall be held by ballot, IL demand Is
made therefor by any stakeholder. The
ballot shall be conducted under the superyi-
sion of two stockholders appointed by the
president of the corporation. The directors
appointed by this charter or any directors
subsequently elected shall continue In office
until the ensuing annual meeting OF stock
holders, and until their successors have been
duly elected and qualified, and no failure TO
elect directors shall be regarded as forfeit
ure OF this charter. Any vacancy occurring
in said board shall be filled by the remaining
directors for the unexpired term. The
board Of directors shall have the right from
time to time to appoint and dismiss the
clerks, agents, managers and other employees
which the business of the company may re-
luire. Any one of the directors shall have
the right TO delegate in writing to any other
director his authority and functions as such
director, to be exercised at any meeting Of
the board.
ARTICLE VI
The officers of this corporation shall con-
al or Of a %
tary and a treasurer, any two Of which Of
fees, excepting those Of president and vice
president, may be held by the same indlvid-
q Ial, Until the second Monday In July;
treasurer of this corporation; Mr.. ID. c.
Wells shall be vice7presldent, and Mr.. Geo.
A. Simms shall be secretary. On the sec
thereafter. the board Of directors immediate
ly upon their election by the stockholders
shall meet and select from their own num-
Der the officers aforesaid, who shall hold Of
fee until the ensuing annual stockholders
meeting, or until their successors shall have
been duly elected and qualified.
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation beyond the amount
Of the balance due by him on his stock sub
scription, nor shall any mere informality
herein have the effect Of rendering this
charter null or Of exposing any stakeholder
to liability except as above provided.
ARTICLE VIII.
This act Of Incorporation may be changed
and modified or amended, or the corporation
may be dissolved with the assent Of stock
holders owning a majority OF all the stock
Of the company, expressed at a general meet
ing convened for that purpose and after at
least ten days written notice Of such meet
ing and Of its purpose shall have been given
to each stakeholder through the mail ad-
dressed to his last known place Of residence
or business. In case Of dissolution of the
corporation by vote OF the stockholders or
by expiration of this charter, the affairs Of
the corporation shall be liquidated under
the supervision Of three stockholders who
shall be elected at a general meeting Of such
stockholders called as aforesaid. In case Of
the death OF any one Of said liQuidating COM
missioners, the remaining commissioners
shall select a successor to him.
Thus done and passed in my office at the
city of New Orleans, on the day and date
herein first above written in the presence Of
competent witnesses, who have hereunto
signed their names with said appearers and
me, notary, after due reading of the whole.
Original signed) j. :. Brady, 80 shares
ID. c. Wells, / share; Geo. A. Simms, 10
shares: (Witnesses) I. r. Saal, Geo. w.
Schweitzer.
ALEXIS BRIAN, Notary Public.
I, the undersigned deputy recorder of
mortgages in and for the parish Of Orleans,
do hereby certify that the foregoing charter
OF the South Sulphur, Mineral and OIL Com
pany, Incorporated, was this day duly re-
corded In my Office In book 1851, folio =.