The herald., 1911-08-10

the president and by the secretary. This
| corporation shall begin business as soon as
zen thousand dollars tS10.00O.O0) of its
STOCK snail nave been subscribed for.
ARTICLE V.
All the corporate powers of this company,
hcluulng the right to purchase, convey,
mortgage and hypothecate real estate shall
be vested in, and the management and con
trol or ITS business shah be exercised by a
| board of directors composed of three st0ck
holders, two of whom shall constitute a
quorum for the transaction of all business
Messrs. J. s. Brady, ID. c. Wells and George
a Slmms shall constitute the first board of
directors who shall hold office such until
the second Monday in July, 1912 On the
second Monday in July, 1912, and annually
thereafter, there shall be a meeting OF
stockholders, convened upon the call of the
secretary by giving ten days notice thereof
10 each stakeholder through the mails di-
rected to his last known place of residence
or business, at which a board OF directors
snail be chosen for the ensuing year. Each
stOckhOdcr shall be entitled to one vote
Tor each share of stock owned by him, to be
cast either in person or by proxy. All cleo
lions shall he held by ballot, if demand is
made therefor by any stakeholder. The
ballot shall be conducted under the Supcrvi-
sion or 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
hOiderS and until their successors have been
duy elected and qualified, and no failure 10
erect directors shall be regarded as Il forfeit
are OF this charter. Any vacancy occurring
ia said board shall be filled by the remaining
directors Tor me uneNpired term. The
board or directors shall have the right from
time 10 time 10 appoint and dismiss the
clerks, agents, managers and other employees
when the business of the company NAV re-
Iulre Any one of the directors Shall have
5 tHe right 10 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
Slst or president, Il vice-presidcnt secre-
lary ana a treasurer any two Of which Of
i mces; excepting those Of president and vice
president, may be held by the same individ-
uaL Until the second Monday in July
1917, Mr.. j. s. Brady shall be president and
treasurer Of this corporation Mr. u. C.
Neils snail be vice-president, and Mr.. Geo
\. Sinms shall be secretary. on the sec
ohu Monday In July, 1872, 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 VIII, snail hold Of
nee 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
or the balance due by him on his stock sub
scrlptlOn, nor shall any mere informally
herein have the effect of rendering this
charter null or Of exposing any stakeholder
10 liability except as above provided.
ARTICLE VIII.
70 This act of ipcornoration NM, L., ,h,,,, |
and modified or amended, or the corporation |
may be dissolved with the assent Of stock. |
holders owning majority Of all the stock |
~ the company, expressed at general meet |
ing convened Tor that purpose, and after at |
east ten days written notice of such meet |
Ing and Of its purpose shall have been given |
10 each stakeholder through the mail ad- |
dressed TO his last known place of residence |
Or business. In case Of dissolution of the |
by vote OF the stockholders or |
~ expiration Of this charter, the affairs of |
me corporation shall be liquidated under |
me supervision of three stock holders who |
'hail be elected at general meeting Of such |
called. as aforesaid In case of |
he death OF any one Of said liquidating com
hllsSioners, the remaining commissioners
'hall select successor to him.
Thus done and passed in my Office at the
NY OF. New Orleans, on the day and date
Nessrs. l. X. Saal and G. w. Schweitzer,
Competent witnesses. who have hereunto
signed their names with said appearers and
ne, notary, after due reading Of the whole.
Original signedD j. S. Brady, 80 shares
,. {. Wells, l share; Geo A. Simms, 10
,hares: witnesses |. r. Saal, Geo. ".
schweitzer.
ALEXIS BRIAN, Notary Public.
l, the undersigned deputy recorder of
Mortgages in and for the parish of Orleans,
10 hereby certify that the foregoing charter
II the South Sulphur, Mineral and Oil Com
ANY, Incorporated, was this day duly re-
orded in my Office in book 1851, folio =.
New Orleans, July 31st. 1911.
(Slgncd) EMILE LEONARD,
Deputy Recorder of Mortgages.
| hereby certify the above TO be a true
opy. of the original charter of the South
sulphur, Mineral and Oil Company, Incor-
'orated, together with the certificate of the
eputy recorder of mortgages thereto at
ached
New Orleans, July 81, 1911.
ALEXIS BRIAN, NOtdrV Public.
SeaD aug 10 II "a 81 sep 1911