The herald., 1912-10-03
CHAR r.
UNITED STATES uT AMERICA. STATE
OF lol lSIAN\. PARISH OF ORLEANS.
CITY OF NEW ORLEANS


Er 10 known. tlat on This md DIZZY 20
. August. !n tu" wear of uug Lord ,rr .uou-
sand nine hundred and twelve. n,fprt mo
7 ~ rWIU Michel, a notary public. Ig.y com.
Wi~>I"lri aud qualified. lu AMI fug the
y. parish Of Orleans, state Of Louisiana. There
. IN residing. and On tur prc~,u.. uf f4" WITT
. n"~~r> hereinafter named JU4 undersigned.
. personally yarr Iud appeared the ~r,,yaI
/ persons Whose names are lrr.rr'p sub.
/ >':i'rd. who srNcrIuE declared taH' avail
. iu- Themselves uf thg privileges Of ;ge laws
. ana statutes Of the state of Louisiana. I,.a-
. tive To- tie formation of corporations. and
/ particularly of act No. = ~ iun session az
/ ID" General Assembly ol the S;tta aC Lou
i>iaua Of 1901, they have rp'yuuur.I and
/ agreed and 10y those presents .lp covenant
ana agree, and bind and un.i-at. Themselves
. as well as all such pnr~ouS as may hereafter
. become associated with them. % form and
| constitute a body corporate ana ru.i.ir i'm
! law, for the objects and purpnsr- ami under
/ the >llpuatiunS ana provisions following ,u.
! Wit:
ARTICLE !.
The name and title of This corporation
/ shall he the Bayou Cane OH Company. and
, under that name IL shall have and enjoy
an the rights, privileges and advantages
/ granted by law 10 corporate IONS and shall
! have the right, power and authority to en-
/ JOY succession and corporate existence for
and during the full period of uincty-nine
! years from this date, unless sooner dissolved
| in the manner hereinafter provided for.
/ said corporation shall have the power and
/ authority 10 contract, to sue and 10 be
| sued To make and use 4 corporate seal and
| the same 10 break, alter or amend at pleas
! IRE; 10 hold receive, purchase, convey, de-
! liver, mortgage. hypOthccatc. and pledge any
| real or personal property, and 10 issue notes
and other obligations, negotiable inStru-
| ncntS, or other evidences Of debt; to have
! and employ such managers, agents and 9th
! er employees as the interest and convenience
of said corporation may require or demand,
and to make and establish such bylaws,
rules and regulations for the corporate man
| agement and control OF it's affairs as from
! time 10 time may be deemed expednt or
| necessary.
ARTICLE H.
The domlcie Of this corporation shall be
| in the city OF New Orleans parish Of Or
leans. state Of Louisiana. and all citations
and other legal process shall be served upon
| the president, and In his absence upon the
yice-president, and In the absence Of both,
| upon the Secretary-treaSurer.
ARTICLE III.
| The objects and purposes for which this
| corporation is created are hereby declared
to be to bore for oil, petroleum, gas, salt or
any other mineral or earthen products; to
| establish, build and construct pipe lines and
other means for the transportation Of such
products TO the market; to buy, sell and
! otherwise generally deal In said oil, petro
leum, gas, salt and other mineral products;
TO buy, sell, lease, mortgage, hypOthecate
and otherwise acquire or ALLEVIATE real and
personal property of every description what
Soever, and generally to do every and any
thing not herein specially enumerate and
not inconsistent with the other objects and
purposes herein set forth.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum Of fifty thousand
$3.50, 100000 dollars, divided into, and rep
resented by five thousand $4,000 shares OF
the par value of ten $4,000 dollars each
said shares Of stock shall be issued only at
par, and when issued shall be paid for In
cash or property, or in the equivalent there
Of All shares of stock shall be issued as
| full Dni1 and gSaSSoblp and N
| fer of said stock shall be binding on said
corporation unless recorded on Its books.
No holder OF stock in this corporation
shall sell his stock to any person until he
has first offered IL to the board of directors
of said corporation at Its then book value,
and it shall be optional for this corporation
TO- refuse to recognize any transfer of stock
made in violation of this provision.
This corporation shall be going con-
Germ as soon as three thousand (S3,000.OO)
dollars OF its capital stock shall have been
subscribed and paid for as heerinabove pro-
vided.
All the powers OF this corporation shall
be vested in, and the management and con-
troll of its affairs shall be exercised by, a
board of directors to be composed OF five
stockholders any three OF whom shall con-
Stitute a quorum for the transaction of the
business Of this corporation.
The first board of directors shall be com
posed OF ]. Y. Landry, f. =. Brady, o. W.
Crawford C. VI. Eiseman and Albert Phenis.
The officers OF said first board of directors
shall be ]. T. Landry, president, f. i.
Brady, vice-president, and c. W. Eiseman,
directors and said officers shall serve and
remain in office until the first Monday In
September, 1913, on which day, and annu,
ally thereafter, the board of directors shall
be elected by the stockholders at meeting
called for that purpose. All directors and
officers shall hold office until their success
sors are elected and qualified, and any fail.
ure to elect directors shall not be regarded
/ as n forfeiture of this charter.
In the election of directors, each stock
holder shall be entitled to one vote for each
cast either in person or by duly authorized
proxy; and the majority Of the votes cast
shall elect. Any vacancy occurring In the
board Of directors may be hlled by the re-
manning directors for the uneXpired term.
At the first meeting OF the board OF direc-
tors after their election, and qualification,
they shall elect from among their number a
president, vice-presldent and n secretary
; ARTICLE VI
All meetings OF the stockholders shall be
called by written notice mailed TO the last
known address Of each stakeholder not less
than thirty days before the date fixed for
such meeting, Unless said notice has been
waived In writing by the stockholders.
ARTICLE VII.
This act of Incorporation may be amend
ed, modified, changed or altered or this
corporation may be dissolved with the as
sent Of the stockholders holding and owning
InTee-lOuTlnS Vi the BUM
who may be present or represented at a
general meeting OF the stockholders con-
vened for that purpose, and Of which due
notice has been given.
Whenever this corporation shall be dis
solved either by limitation or from any
other cause, It's AFFAIRS shall be liquidated
by three 90 commissioners to be appointed
for that purpose from among the stock
holders, at a meeting OF the stockholders
convened for that purpose said commits
siOners shall remain In office until the az
fairs OF said corporation shall be fully and
finally llquidated. Any vacancy occurring
among the liquldators from any cause what
sOeevr, shall be filed by the remaining
commissioners.
ARTICLE VIII.
| No stakeholder shall ever be liable or re-
| sponsible for the contracts or faults OF this
corporation In any further sum than the
, unpaid balance due by him on the shares
OF stock subscribed to or owned by him :;
nor shall any mere infOrmality In the or
ganizatiOn Of this corporation have the eff
feet Of rendering this charter null. or OF ex-
! posing the stockholders TO any further Ia
bility than the unpaid amount which may
be due on his stock subscription.
The list OF subscribers hereto annexed
, shall serve as the original subscription list
. of this corporation.
> flee In the city OF New Orleans, In the pres
ence OF Messrs Paul Fortier and John l..
Corcoran, competent witnesses, Of lawful
aye and residents OF this city and parish,
who have hereunto subscribed their names,
together with the said appearers and me,
; notary after due reading OF the whole.
| (OrIvfnal eiVnadl r. p Brady. DO