The herald., 1912-10-24

the last two mentioned Offices and may even
elect a secretary who need not he stock
holder. said board of directors shdIi nave
the right and power to appoint ana dlSini>s
clerks, managers and other employees OF the
corporation, including the secretary, Wh'
is not stakeholder. as conditions may lu'
tify or the business of the corporation may
require The tenure ~ office of all the en-
ployes of this corporation shall be during
the pleasure Of the board of directors.
ARTICLE VI.
No StOckh shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation, nor shall any
mere infOrmality in its organization nave
the effect of rendering this charter null, or
of exposing any stakeholder to any IlabliltY
beyond the unpaid balance due on the shares
of stock owned by him.
ARTICLE VII
ANY director or officer Of this corpora
tion may at any time be removed by vote
of the ma ioritv of the stockholders at a
meeting called for that purpose. in the man
ner and form provided for in Article oi
this charter or by notice in writing by the
president or secretary. drpoSiting Sald no
flee i'm a mail box to he established by The
affidavit of said president or secretary, and
day Of mailing of notice and day OF meet
ing To he counted in the ten days
ARTICLE VIII
ThfS act Of Incorporation may be- changed
modified or altered. or this corporation may
he dissolved with the assent of the stock
holders owning majority of all the STOCK
of the corporation. at general meelln-
convened for that purpose and after notice
shall have been given TO each stakeholder
as provided for in Article ' of this char
ter In case Of the dissolution OF TINS cor
poration by the expiration OF this chart"'
or otherwise the stockholders shall elect
three Ii1uidators from among their number
to liduidate and settle the business ana al
fairs of the company. In case or the death
or inability of any Of said commissioners OF
IiGuidatOrS the survivors shall appoint a
II,
ARTICLE IN
This corporation shall he going concern
aS soon as twelve thousand five hundred dol
lars (Sl2 300 UOI of its capital stock shall
have been subscribed for.
Until the election to be held on October .
1912. the following named stockholders shall
constitute the first board OF directors W
L. IangwOrthy, president e. w. Snlder
vice president; W. T. McNabb secretary
trea Surcr
The subscribers hereto designate the
amount Of stock each subScribeS so that TINS
act shall serve as the original subscription
list.
Thus done and passed at my Office in the
parish Of Orleans on the day, month and
year herein first above written. in the pres
ence Of J. n Byrnes and III. i. Creger, both
OF this parish, competent witnesses, who
have hereuntO signed their names, with the
said appearers and me. notary public, after
due reading Of the whole.
Signed &. W. Snider. 40 shares; VIM
T. McNabb. 40 shares; W. i. LangwoSthy
10 shares.
Witnesses X. Byrnes. II. p. Creger.
(SignedD LEWIS X. GRAHAM, Not. PUB
|, the undersigned recorder of mortgages
in and for the parish Of Orleans, state OF
louisiana do hereby certify that the above
and foregoing act OF Incorporation of the
Louisiana Petrolthic Construction Com
pany was this day duly recorded In my Of
flee in book 1893. folio 800.
New Orleans October 3. 1872
(SignedD EMILE LEONARD, d. r.
true copy.
LEWIS Il. GRAHAM, Not. Pub
oct Il - 81 nov ! II II 1872