The herald., 1911-05-25

the business or liabilities Of any person
firm. corporation or association engaged
therein or holding any part in similar Oh
jectS and purposes; TO do all or anythn.
suitable, necessary, convenient and proper
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 at the sum Of fifty thousand
dollars tS5O,OOO.OO), divided into and rep
resented by five hundred shares 5000 OF the
par value OF one hundred dollars $1,000
each.
Subscriptions to stock shall be payable In
cash, or its equivalent, within ninety 900
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 a go
ing concern and 10 exercise and enjoy all OF
the privileges OF a corporation. as soon as
fifty shares OF its capital stock shall have
been subscribed for.
All certificates OF stock shall be signed by
thA president and cOunterSigned by the sec
rotary.
ARTICLE V.
All the corporate powers Of this corpora
tiOl shall be vested in, and exercised by n
board OF directors composed OF seven a.
stockholders, who shall be elected annually
on the second Monday in July. beginning
with the year 1912: majority OF said
board shall constitute 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 a majority OF votes cast
shall elect. Stockholders may vote either
In person or by written proxy. 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
their successors are elected and qualified.
and in that event another meeting or other
meetings shall be called until an election 4.
effected. Notice OF the time OF holding any
and all meetings shall be given BY the Spcre-
tary to each stakeholder, 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 d.
rectOrs shall elect from among their own
number a president, a vice-president Il sec
rotary and treasurer.
ARTICLE VI.
This act OF Incorporation may be altered
and amended, or this corporation may he
dissolved by the assent Of three-fourths Of
the stock represented at a meeting called
for 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 Snch 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.
both real and personal, pay It's debts. and
distribute the remainder OF the assets, IL
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 surviv
OrS.
ARTICLE VII.
The capital stock Of this corporation ma,
he 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
stockholder to any liability beyond the I'M
paid balance, IL any, due by him, for stock
subscribed for by him.
Vacancies in the board OF directors re-
sutinS from death, resignation. or other
wise, shall be filled by the remaining men,
ARTICLE X.
EntiI 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. Devln
s sRTy VALE. Fowler MIS A1s GrDa A%e:
Boswell and Samuel +. Worms; with the
said DIR. Joseph Numa Roussel as president
Daniel ]. Devlin as vice-president, James J
Mclaughlin as secretary and Samuel +
Worms as treasurer.
| Thus done and passed in my Office in tn,
city of New Orleans, aforesaid the day
month and year first above written, in thu
presence OF Messieurs Eugene Stanley anC
Samuel Manfre, both witnesses OF Lawful
| age and residing in this city, who hereuntC
sign their names together with said parties
and me, the said notary, after due readin.
| Of these presents
(Original sigend) J. y. Roussel. Mrs
Mary A. Devlin, per pro J; y. Roussel: ID
]. DeVlin, James J. Mclaughlin. Ii. W. Fow
Ter. b. p. Boswell, s. E. Worms.
Eugene Stanley, Samuel Manfre, witness
es BUS. ROUEN, Not. Pub.
| /, the undersigned, recorder Of mortgages
in and for the parish of Orleans, state o
Louisiana. do hereby certify that the aboy
and foregoing act Of Incorporation Of tn
Nezpique OIL Company, was this day dul!
recorded in my ONCE, in book 1918, folio 504
New Orleans, April 18th. 1911.
| (SeaD (Signed) EMILE LEONARD,
d.
| I. Bussiere Rouen, notary public for tn
parish Of Orleans, do hereby certify tn
above and foregoing to be a true copy of tn
original act Of Incorporation Of the "Nez
pique Oil Company" and Of the certificate
of the recorder Of mortgages for the parisl
Of Orleans thereto attached; the whole ex
tant in my Current Notarial Register.
| In faith wehereof l grant these present
under my signature and the impress Of m.
seal Of office.
New Orleans, Louisiana, April the 18th
A. d. 1911. BUS. ROUEN.
(SeaD Notary Public.
apl 2O-27 may 4-11-1S-25 1911