The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1912-11-26

State of Louisiana or elsewhere, for
the development Of natural gas, oil,
petroleum, coal, %asphaltum, salt, sui
phur, ore, metal and mineral sub
stances or any interest therein; and
to explore, open, work, or in any nan
ner turn the same to advantage; to
bore, drill, open, quarry, smelt, re-
fine, dress, amalgamate, transport,
and prepare petroleum, oil, sulphur,
asphaltum, ore and mineral substan-
ces of any and all kinds; to buy, ship,
sell and deal in oils, minerals, plants
and machinery, implements, conven-
fences, provisions and things capable
of being used in mining operations, or
required by workmen or others en-
ployed by this corporation, to con-
%struct, carry out, maintain, improve,
manage, control and superintend any
roadway, pipeline, tanks, reservoirs,
warehouses;, water-works, crushing
works, hydraulic works, or any other
works and conveniences that may be
directly or indirectly conductive to
any of the objects and purposes of
this corporation; to purchase, &C
quire, lease, control, operate, sell
and dispose to any such person or per-
sons, corporation or corporations, and
at such prices and on such terms and
conditions as to this corporation may
seem proper, water rights, improve
ments and buildings, for mining and
for the use and purpose incident
thereto; to purchase, lease or other
wise acquire all or any part of the
business or liabilities of any person,
firm, corporation or association en-
gagged therein or holding any part in
similar objects or purposes; to do all
or anything suitable necessary and
convenient and proper for the &C
complishment of any Of the purposes
or the attainment Of any one or more
Of the objects and purposes herein
enumerated or incidental to the pow
ers therein named or which may
or shall at any time appear conduc-
tive or expedient for the benefit of
this corporation.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed to be Ten Thous-
and $10,000) Dollars, to be divided
into one hundred (100) shares of the
par value of One Hundred ($1O0. 00)
Dollars per share. This stock may
be issued either for cash or for prop
erty, labor or services purchased by
or advanced to said company, and
the Judgment of the board Of direc-
tors as to the value of the property,
labor or services SO taken, shall be
conclusive, provided that no stock
shall be issued at less than par. This
corporation is authorized to COM
hence business whenever Five Thous
and ($5,000) Dollars of its capital
stock shall have been subscribed and
paid for in full. Each share of stock
shall be entitled to one vote at all
meetings, to be cast in person or by
proxy.
ARTICLE v.
The corporate powers of this cor
~poration are hereby declared, except
as may be hereafter stipulated, to be
vested in and exercised by a board of
directors composed of five of its
stockholders, which said board shall
be elected annually by the said
stockholders on the first Monday In
July Of each year after the year 1912.
The first board Of directors who shall
serve until the first Monday in July,
A. D., 1913, or until their successors
shall have been elected, are hereby
declared to be: Geo. w. Newman, L.
F. Benckenstein, w. H. Starke, w.
P. H. McFaddin and e. w. Brown. In
cas- of the death or resignation Of
any of the directors, his successor
shall be chosen by the remaining d.
rectors. Three directors shall con
stitute a quorum for the transaction
of business.
ARTICLE vi.
The officers Of this corporation
shall consist of a President, Vice
president, treasurer and secretary.
The respective officers shall have the
powers usually given to the said Off
GERS, and shall serve until their sue
cessors shall have been elected and
qualified. The President and Secre-
tary, with the approval of the board
of directors, shall have the right,
power and authority to enter into and
execute all contracts of any nature
which they may see fit to make, and
to make purchases, sales, leases, sub
leases as in their judgment may be
proper.
The officers of this corporation
shall be elected by the board of d.
rectors at the meeting held on the
first Monday in July Of each year az
ter the year 1912; and the officers
hereby selected to serve until the
said first Monday in July 1912, are as
follows:
Geo. w. Newman, President a.,
L. F. Benckenstein, Vice President.
E. w. Brown, Secretary and Treas
urer.
ARTICLE VII.
This charter may be amended or
the corporation dissolved by the con-
sent of the holders Of three-fourths
of the stock at any meeting called
for that purpose, after ten days no
tice in writing Of such meeting to
each Of the stockholders thereof or