The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-17

the president and by the secretary. This
corporation shall begin business as soon as
ten thousand dollars ($10,000.O0) of it's
stock shall have been subscribed for.
ARTICLE V.
including the right to purchase, convey,
mortgage and hypothecate real estate shall
De vested In, ana the management and con-
troll OF its business shall be exercised by a
board OF directors, composed Of three stock
holders, two Of whom shall constitute
quorum for the transaction OF all business.
Messrs. ]. S. Brady, u. 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
second Monday in July, 1912, and annually
thereafter, there shall be 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 his 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
tiOns shall be held by ballot, If demand is
made therefor by any stakeholder The
ballot shall be conducted under the Supervi-
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 10
elect directors shall be regarded as a forfeit
ufe 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 10 appoint and dismiss the
clerks, agents, managers and other employees
which the business Of the company may re-
quire. Any one Of the directors shall have
the right TO delegate in writing 10 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-
sist OF a president, a vice president, secre-
tary and treasurer any two of which Of
fees, excepting those OF president and vice
president. may be held by the same indvid-
ual. Until the second Monday in July,
1912, Mr.. j. 5. Brady shall be president and
treasurer OF this corporation; Mr.. ID. G.
Wells shall be yice-president, and Mr.. Geo.
A. Simms shall be secretary. On the sec
Ond Monday in July, 1912, and annually
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
flee 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 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 nail 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
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
Messrs. |. X. Saal and g. w. SchweitZer,
competent witnesses, who have hereunto
signed their names with said appearers and
NE, notary, aIleT que redulnS OF the WnOle
(Original signed) J. S. Brady, 80 shares
ID. e. Wells, / share; Geo. A. Simms, 10
shares. (Witnesses) l. X. Saal, Geo. W.
SchweitZer.
ALEXIS BRIAN, Notary Public.
l. 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 -.
New Orleans. July 3lst 1911.
(Signed) EMILE LEONARD,
Deputy Recorder Of Mortgages.
hereby certify the above TO be a true
copy OF the original charter Of the South
Sulphur, Mineral and Oil Company, lncOr-
porated, together with the certificate OF the
deputy recorder of mortgages thereto at
tached.
New Orleans. July 81, 1911.
ALEXIS BRIAN, Notary Public.
(SeaD aug 3 10 IL "a 81 sep 1911