The herald., 1911-08-10

manage, conduct and operate oil wall, :,
rennerles and their accessories: TO Inv ~
sell the stocks and securities OF oths, ~
pOratlons engaged In similar business, y =
own and operate cOmmiSSaries and sta,.
and generally TO do any and ali scts =,
things that may be necessary. conysns,, !.
incidental TO the carrying out Of these mn.
poses. w
ARTICLE I'LL
The capital stock Of this corporatio, 4
/ hereby fixed at four hundred and fftv -
sand dollars $3.50. 900 OOD divided in,a -,
represented by forty-five thousand I4seas'
/ snares or the par value of ten doIh,|
lslo.OO) per share, which shall be paId n,
In cash or property, on such terms and II
/ such tlSleS as the board of directors mr.
/ prescribe. The subscription to the esnItd
STOCK or this corporation evidenced by NJ
signatures appended hereto. showing n,,
i've thousand dollars ($J. 900 OOl az al
capital stock has been Subscribed this ~,
| poration shall become a going concern IN,
be authorized TO do business at once. An
shares OF stock Of this corporation shall u
full paid and worcestershire.
ARTICLE ".
The business and affairs of the couoan,
snail be managed and conducted he N.
board OF directors consisting Of three stost
holders. j. :. Brady, George A. Simms IA
-: {. Wells shall constitute the first bosrl
Oh directors, who shall hold Office until h.
second Monday of July, 1912, or until th,t.
successors are duly elected and oualisrd
On the second Monday of July, 1872 "a
annually thereafter, an election OF directu3
shall be held at the office of the corpou
ll3n IN the city OF New Orleans, notice 4
| which meeting shall be given by mail b
each stakeholder at least ten 1O) DAYS prir
thereto. At all elections, stockholdr
shall be allowed one vote for each SHARE 4
| stock that has been standing In his nan
on the hooks Of the company for ten co.
/ days prior TO such meeting In case q 3
vacancy occurring from any cause in ethx
the board of directors. or among the oficsn
| the vacancy shall be filled by the remainn
| directors by the election of stockholdsf b
NIL said vacancy. who shall hold ofice unit
successor is elected at the next annasI
meeting.
ARTICLE V.
The officers Of this corporation shall co..
| slst or president, a vice president, q seer
tary and treasurer The Office Of prct
dent and treasurer may be held by the sane
| stockholder. Until the second MONDAY Il
| July, 1872, or until their successors shall
nave been duly elected and qualified j. s
Brady shall be president and treasurer, d e.
Wells shall be vice-president and George 4
SlmmS shall be secretary. On the seeo1c
Monday OF July. 1912, Immediately after ~
annual stockholders meeting and annualq
thereafter, the board Of directors elected 4
| such annual meeting shall select from anocs
| their own number a president, vice-presid1t
and treasurer from among their own numod'
and from among the stockholders seer
tary.
ARTICLE vi.
Two members of the board Of director
shall constitute a quorum. The board
directors may adopt a code Of bylaws ~
change or amend the same at pleasure. Az
member of the board shall have the rgnt
delegate in writing his authority as ~
member to any other member OF the O"'e
| ARTICLE VII.
This act OF incorporation may be ameso1
| in all particulars not otherwise provlaee
law, or the corporation may be dissolved .
a meeting of the stockholders called ior - =.
especial purpose in the manner proyioee
calling the annual meetings; such meells
| TO be called by the secretary upon tne W. W.
ten request OF any stakeholder. NO se.s
at such meeting or at any meeting Oh ~
holders shall be binding upon the coiPns
ton unless the holders Of at least twotnn
of the issued stock shall be present IN per"
or by proxy and voting.
ARTICLE VIII.
Upon the termination OF this cnartss