The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19
CHART Err.
OF BAYOU CANE OIL COMPANY.

UNITED STATES or AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
Be il known, that on this 22nd day Of
August, in the year of our Lord. one .hOu-
sand nine hundred and twelve, before me,
Herman Michel, a notary public, duly COM
miSSiOncd and qualified, in and for the
parish of Orleans, State of Louisiana. there
In residing. and in the presence of the wit
neSSeS hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereuntO sub
Scrihcd, who seyerally declared that avail
ing themselves of the privileges Of the laws
and statutes of the state of Louisiana, rela-
tive To the formation Of corporations, and
particularly of act No. IS Of the session of
the General Assembly of the State Of Lou
isiana Of 1904, they have covcnantcd and
agreed. and by these presents do covenant
and agree, and bind and obligatc themselves
as well as all such persons as may hereafter
become associated with them, TO form and
constitute a body corporate and polite in
law, for the objects and purposes and under
the stipulations and provisions following, to
wit:
ARTICLE I.
The name and title of this corporation
shall be the Bayou Cane Oil Company, and
under that name it shall have and enjoy
all the rights, privileges and advantages
granted by law to corporations, and shall
have the right, power and authority TO en-.
joy succession and corporate existence fOI
and during the full period of ninety-ninC
years from this date, unless sooner dissolved
in the manner hereinafter provided for.
said corporation shall have the power and
authority TO contract: to sue and 10 ht
sued; to make and use Il corporate seal and
the same to break, alter or amend al pleas
ure; TO hold, receive, purchase, convey, de
liver, mortgage, hypOthecatc, and pledge any
real or personal property, and to issue notes
and other ObliUafinuS NEGOTIABLE inst
ments, or other evidences of debt; to hav,
and employ such managers, agents and 9th
er employees as the interest and convenience
Of said corporation NAV require or demand
and to make and establish such bylaws
rules and regulations for the corporate man
agement and control Of its affairs as from
time TO time may be deemed expedint OF
necessary.
ARTICLE II.
The domicie of this corporation shall bt
in the city of New Orleans, parish of Or
leans, state of Louisiana. and all citation:
and other legal process shall be served upor
the president, and in his absence upon thu
yice-president, and in the absence Of both
upon the secretary treasurer.
ARTICLE III.
The objects and purposes for which thi
corporation is created are hereby declared
to be to bore for oil, petroleum, gas, salt o.
any other mineral or earthen products; L
establish, build and construct pipe lines anI
other means Tor the transportation OF SuCl
products to the market; to buy, sell am
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 AM
personal property of every description what
soever, and generally to do every and any
thing not herein specially enumerate an
not inconsistent with the other objects an
purposes herein set forth.
ARTICLE ".
mi. - t. fA,.f
hereby fixed at the sum of fifty thousan'
$3.50, 000.00) dollars, divided into, and rep
resented by five thousand (5,OOO) shares o
the par value of ten $4,000 dollars each
said shares of stock shall be issued only a
par, and when issued shall be paid for Il
cash or property, or in the equivalent there
Of All shares of stock shall be issued a
full paid and worcestershire, and no trans
fer of said stock shall he binding on sal
corporation unless recorded on its books.
No holder of stock in this corporation
shall sell his stock to any person until b
has first offered 1t to the board of director
of said corporation at its then book value
and 1t shall be optional for this corporation
TO refuse to recognize any transfer Of stoc
made In violation Of this provision.
This corporation shall be going con
Germ as soon as three thousand (S3,OOOOO
dollars OF its capital stock shall have bee
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,
| board Of directors to be composed OF nv
stockholders, any three of whom shall con
stitute a quorum for the transaction OF tn
business of this corporation.
The first hoard of directors shall be com
posed Of J. p. Landry, Z. 7. Brady, o. W
| Crawford, c. VI. Eiseman and Albert Phenis
The officers Of said first board of director
shall be J. p. Landry. president, E.
Nv xrfao -nracfdant EISRm4I
secretary-treasurer and the said board o
directors and said officers shall serve an
remain in office until the first Monday i
September, 1913, on which day, and annu
ally thereafter, the board Of directors shal
be elected by the stockholders at meetin
called for that purpose. All directors an
officers shall hold office until their success
sors are elected and qualified, and any fai
ure to elect directors shall not be regarde
as a forfeiture of this charter.
In the election of directors, each stock
| holder shall be entitled to one vote for eac
share Of stock held by him, which must b
proxy; and the majority of the votes cas-
shall elect. Any vacancy occurring In tn
board Of directors may be filled by the RI
naming directors for the unexpired tern
At the first meeting of the board of diret
tors after their election, and qualification
they shall elect from among their number
president, a vice-president and secretary
! treasurer.
| VI.
All meetings of the stockholders shall b
called by written notice mailed to the las
known address of each stakeholder not les
| than thirty days before the date hxed 10
such meeting Unless said notice has bee
waived in writing by the stockholders.
! ARTICLE VII
This act of Incorporation may be ament
ed, modified, changed or altered, or tn
| corporation may be dissolved with the a.
| sent Of the stockholders holding and ownln
three-fourths of the capital stock thereo
who may be present or represented at
general meeting of the stockholders col
| yened for that purpose, and OF which dJ
notice has been given.
Whenever this corporation shall be di
| solved, either by limitation or from an
other cause, its affairs shall be liquidate
by three 90 commissioners to be appointe
for that purpose from among the stoc
holders, at a meeting of the stockholde
convened for that purpose said commi
sIoners shall remain In Office until the a
fairs Of said corporation shall be fully an
finally liquidated. Any vacancy occurrir
among the liquidators from any cause wha
soeevr, shall be filed by the remainir
ARTICLE VIII.
No stakeholder shall ever be liable or 7
sponsible for the contracts or faults OF IN
corporation In any further sum than u
unpaid balance due by him on the sha ,i,
nor shall any mere informality In the
ganization of this corporation have the
feet Of rendering this charter null. or OF e
posing the stockholders to any further u
bility than the unpaid amount which mi
be due on his stock subscription.
. The list of subscribers hereto annex
shall serve as the original subscription II
of this corporation.
Thus done and passed In my notarial
ence of Messrs. Paul Fortier and John
/. Corcoran, competent witnesses, OF lawi