The herald., 1911-06-01

jects and purposes to do all or ANYTIME
SUITABLE necessary, convenient and proper
Tor the accomplishment OF any PURPOSES oil
the attainment Of any one or more Of the
OBJECTS and purposes herein enumerated OF
incidental to the powers herein named OF
whlch snail at any time appear conducive
10, or e1pedient for the business Of this
corporation.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum OF ffty thOusa nd
dollars tSJOO0OOO). divided into and rem.
| resented by five hundred shares 5000 Of the
| each. 'FAO0'
Subscriptions to stock shall be PAYABLE in
Sash' or It's equivalent. within ninety (9O)
| days after subscription No transfer Of
stock shall be binding upon the corporati0n
| unless entered upon its books
| rms corporation shall be and Is hereby
| authorized to commence business as a 90
| ing concern and to exercise and enjoy all OF
the privileges OF a corporation. as soon as
ifty shares OF its capital stock shall have
| been subscribed for.
All certificates OF stock shall be signed by
| the president and cOuntersigned BY the sec
rotary.
ARTICLE V.
All the corporate powers Of this cornora-
ton shall he vested in and exercised Inv ,
board OF directors composed OF seven ~
stockholders, who shall be elected annuaIIy
on the second Monday in July. beginning
with the year 1912: a majority OF said
board shall constitute a quorum for tn.
transaction OF any and all business.
AZ all elections each stakeholder shall be
entitled to one vote for each share OF stock
held by him, and a majority Of votes cast
shall elect. Stockholders NAV vote either
In person or by written proxy. A failure TO
elect directors at a regular meeting shall
not dissolve the corporation. but the direc-
tors then In once will continue to act until
Ineir successors are elected and qualified
and IN that event another meeting or other
meetings shall be called until an election I.
erected Notice OF the time OF holding any
and all meetings shall be given BY the secr,-
tary 10 each stakeholder. such notice TO be
sent ny mail. ten days before such meeting.
and directed to each stakeholder at his last
known address.
Immediately upon being elected. the d.
rectors shall elect from among their own
NUMBER a president, vice-president. a sec
rotary and treasurer.
ARTICLE VI.
This act OF incorporation NAV he altered
and amended, or this corporation NAV he
dissolved by the assent OF three-fourths OF
me STOCK represented at 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 soch stock
last known address.
whenever the corporation Is dissolved. O,
expires by limitation the stockholders shall
eiect three liquidating commissioners, who
snalI nave power to wind up the affairs of
the corporation. dispose Of all its property.
b0th real and personal, pay its debts. and
distribute the remainder OF the assets, IL |
any 70 the stockholders. In the event of
sn0uId Ole or be unable to act, the said H. |
ors.
ARTICLE VII.
The capital stock Of this corporation ma,
ne increased or decreased by observing the |
rormalities prescribed by law.
ARTICLE VIII
No stockholder of this corporation shall
or faults of this Corporation In
any further sum than the unpaid balance
,ue Dy MIN, II any, on the stock subscribed
IN O' Thy by n,m, nor snail any mere informality
IN tne organization have the effect OF render
ing this charter null, or Of exposing any
. ,n,, to any liability beyond the un-
, yaa giaanee, II any due by him. for stock
vacancies In the board Of directors re-
'ulting from death, resignation, or other
Wise snail be hlied by the remaining mem
'ers OF the board Of directors
ARTICLE Y.
4, o S9til the first election on the second
l,
onstitute the first board of directors Viz
u. Joseph Numa Roussel Daniel ]. DevIin
tenry Waller Fowler, Mrs Mary Amelia
,eVHn, James j. Mclaughlin. Bernard .
'oswell and Samuel f. Worms with the
ald Dr. Joseph Numa Roussel as president.
,anleI j. Deylin as vice-president. James =
rrcLoughlin as secretary and Samuel e,
worms as treasurer
:. Inus done and passed In nv Office In the :
lty or New Orleans, aforesaid the dav /,
lontn ana year first above written. in the
resenee OF Messieurs Eugene STANLEY and
amuel Manfre, both witnesses OF lawful
ge and residing In this city, who bereunto
g n thelr names together with said partie,
no J re. the said notary, after due reading
lOriginal sigendl: J. N. Roussel. Mrs
lsry A. Devlin, per pro J. ~ Roussel /: d.
Devlin, James ]. Mclaughlin II. w. Fow.
y, b. L. Boswell, s. Z. Worms
Eugene Stanley, Samuel Manfre vitnass
BUS. ROUEN, Not Pub.
1, the undersigned, recorder of mortga ges.
ana Tor the parish Of Orleans, state OF
ouislana, do hereby certify that the aboy.
40 foregoing act Of Incorporation of the
ezpigue OIL Company, was this day duly
corded In my ONCE, in book IOIS. folio 5Oi
New Orleans, April 18th, 1911.
SeaD (Signed) EMILE LEONARD
DR.