The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-26
CHART Err.
OF BAYOU CANE OIL COMPANY.

UNITED STATES OF AMERICA. STATE
! OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
BE it known, that on this 22nd day o
| August, in the year OF our Lord, one .hou
| sand nine hundred and twelve befbr, me
| Herman Michel, notary public, duly com
| miSSloned and qualified, in and for tn,
| parish OF Orleans. State of Louisiana, there
In residing, and in the presence of the wit
| neSSeS hereinafter named and undersigned
I personally came and appeared: the Seypra
persons whose names are hereun{O sub
! scribed. who severally declared, that avail
ing themselves of the privileges Of the law,
and statutes of the state of Louisiana rpla
| tive to the formation of corporations, an,
| particularly of act No. as OF the session OF
| the General Assembly of the State OF Lon
isiana of 1904, they have covenanted an,
| agreed, and by these presents do covenant
and agree, and bind and obligatc themSclve.
/ as well as all such persons as may hereaf tcI
| become associated with them, to form ant
| constitute body corporate and polite il
! 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 ant
| under that name il shall have and eniOy
| all the rights, privileges and advantage
granted by law TO corporations, and shall
| have the right, power and authority to en-
| JOY succession and corporate existence for
and during the full period Of ninety-nine
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 TO be
sued; TO make and use a corporate seal and
the same TO break. alter or amend at pleas
| ure; TO hold, receive, purchase, convey, de
| liver, mortgage, hypothecate and pledge any
real or personal property, and to issue notes
and other obligations, negotiable inStru
ments, 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 its affairs as from
| time to time may be deemed expedint OF
| necessary.
ARTICLE II.
The domlcile 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
vice-president, and in the absence of both
upon the secretary-treasurer.
ARTICLE Ill
The objects and purposes for which this
corporation is created are hereby declared
to be to bore for oil, petroleum, gas, salt oil
any other mineral or earthen products To
establish, build and construct pipe lines and
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
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 canital stock thiS cOrnOro HIM is
hereby fixed at the sum of fifty thousand
$3.50, 000.00) dollars, divided into, and rep
resented by five thousand (5,O00) shares OF
the par value of ten (S1000) dollars each
said shares Of stock shall be issued only al
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 paid and mona sseSsa BILE, and no trans
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 1t TO the board of directors
of said corporation at its then book value
and Ii shall he optional for this corpora ton
to refuse to recognize any transfer of stock
made in violation of this provision.
This corporation shall be a going con-
Germ as soon as three thousand (S3,00000)
dollars Of its capital stock shall have been
subscribed and paid for as heerinabOve pro-
vided.
ARTICLE V.
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 CON-
posed of ]. p. Landry, f. r. Brady, o. W.
Crawford, c. NJ. Eiseman and Albert Phenis.
The officers OF said first board of directors
shall be J. T.. Landry, president, r. L.
Brady. vice-president, and C. W: Eiseman.
secretary and the said board OF
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
officers shall hold office until their success
sors are elected and qualified, and any fall
ure to elect directors shall not be regarded
as forfeiture Of this charter.
In the election of directors, each stock
holder shall be entitled to- one vote for each
share of stock held by him, which must be
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 filled by the re-
naming 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-president and secretary
treasurer.
ARTICLE vi.
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
three-fourths of the capital stock thereof,
who may be present cor 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
by three 81 commissioners TO be appointed
for that purpose from among the stock
holders, at a meeting of the stockholders
convened for that purpose said commits
soners shall remain In office until the af.
fairs of said corporation shall be fully and
among the liquidators from any cause what
soeevr shall be filed by the remaining
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 informally In the or
ganization of this corporation have the ef
feet of rendering this charter null. or Of ex.
posing the stockholders to any further la
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.
Thus done and passed In my notarial Of
fee in the city of New Orleans, In the pres