The herald., 1911-08-24
ARTICLE V.


ARTICLE V.
All the corporate powers Of this company.
including the right to purchase, convey,
mortgage and hypothecate real estate shall
be vested in, and 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 a
quorum for the transaction of all business
Messrs. J. 5. Brady, ID. c. Wells and George
A. Simms shall constitute the first board or
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 10 one vote
| for each share Of stock owned by him, to be
cast either in person or by proxy. All cleo
| lions shall be held by ballot, If demand Is
| made therefor by any stakeholder. The
ballot shall be conducted under the superyi-
! 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 ONCE
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 forfeit
IRE 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 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-
| sist OF president, vicepresident, secre-
| tary and a 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. :. Brady shall be president and
/ treasurer OF this corporation; Mr.. ID. c.
/ Wells shall be vice-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 or
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
/
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 a 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 mail ad-
dressed to his last known place OF residence
or business. In case OF dissolution of the
Incorporation 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 q general meeting Of such
stockholders called as aforesaid In case OF
| the death OF any one Of said liquidating com
missioners, the remaining commissioners
| shall select 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
me, notary, after due reading Of the whole.
! (Original signed) J. 5. Brady, 80 shares
| d. e. Wells, l share: Geo. A. Simms, ~
shares. (Witnesses) l. X. Saal, Geo. W.
| SchweitZer.
ALEXIS BRIAN, Notary Public.
| /, 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 31st. 1911.
i (Slgned) EMILE LEONARD,
| Deputy Recorder Of Mortgages
| I 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.
CSeal aug 10 IL "a 81 sep 1911