The herald., 1913-07-24

/ term ana period of ninety nine years from
/ and after the date hereof to contract. SJI,
| and hc sued IL make and use a corporate
| seal, and the same to alter and break at
! pleasure: to hold. receive. purchase. hypOth
| ccate. convey sell. lease or pledge. real and
personal property to issue negotiable bonds
and notes, or other evidence of debt: "a
name and appoint such managers agents di
| rectOrS and officers. as its business. interest
| and convenience may require. and To make
and establish. as well a. alter and amend,
| from time 10 time. such bylaws rules and
regulations for the proper government of the
affairs of this corporation as may be neccS-
Sary and proper.
Article 1.-THE domcle Of this corpor-
alton shall be in the city Of New Orleans.
state Of Louisiana. and all citations and
other legal process shall De- served upon the
president Of this corporation. or in the
event of his absence. upon the vice-preSdent
thereof. and. in the absence of both Of said
officers, upon the secretary "f said corpora
tion.
Article III.-The objects and purposes for
which this corpora tiOn is organized and
the nature of the business To be carried on
10y 1t are hereby declared 10 be-
To buy and sell real estate and personal
property. and TO develop the same. and to
locate. purchase. lease and acquire lands.
with the exclusive rights To prospect. drill.
mine bore and sink wells and SHAFTS; TO pro
duCe. convey and transport oil. petroleum.
gas and other minerals; to carry on the
business of storing and prospecting for. min
ing, producing. refining, manufa curing. pip
ing. transporting. buying and selling petro-
leum and other oil products: 10 buy. sell.
furnish and supply same: Ia operate. build,
construct. pump and maintain oil and gas
wells; To build. construct. purchase. main
tain and operate warehouses. pumping
plants, pipe lines, retnerieS. factories, mills,
workshops. laboratories and dwelling houses
for wOrkmen and others: to manufacture.
buy. sell, import, export and deal in pumps.
drills. fuses. caps, candles, nitro-glycerinc.
dynamite and the necessary machinery, en-
@
nienCcS for the use in connection with mining
and drilling for oil and gas; and generally
to do all things incidental 10 and everything
necessary to carry out the said objects and
purposes of this corporation.
Article iN.-Thc capital stock Of this cor
poration Is hereby fixed at the sum Of five
thousand dollars (S5.OOO.00b, divided into
and represented by fifty t5OD shares Of stock
at the par value of one hundred dollars
tSlou.OOD per share. Said stock shall be
paid for In cash. or in such installmentS.
and at such time. and after such notice to
the subscribers as the board of directors may
fix or the same may be issued at not less
than par for labor done or services perform
ed for the said corporation. or property or
rights actually received by said corporation.
This corporation may become a going con
Germ ana shall be authorized 10 commence
business when and as soon as three tho"-
sand dollars (S3.O000Ol of its capital stock
shall have been subscribed for.
Article V-All the corporate powers Of
said corporation shall be vested in and eN-
ercised by board of directors, TO be com
posed of four ~ stockholders TO be- elected
annually on the third Tuesday of January
in each wear.
All such elections shall be by ballot. and
shall De held and conducted at the office of
this corporation under such regulations a.
may he established by the board of directors
Notice of such elections shall be given by
the secretary of this corporation by pubica
tiOn for not less than ten (1OD days prior
thereto in daily newspaper published in
the English language in the city Of New Or
leans.
At all such elections and at all corporal e
meetings, every stakeholder shall be entitled
to one vote for each share of stock standing
i'm his name, on the books of this corpora
tiOn, to be cast by him In person. or by writ
ten proxy, and the ma jOrity of Ii votes
cast shall elect.
ANY vacancy occurring among the direc
tors Of this corporation by death, resignation
or otherwise shall be filed by election for
the uneXp.red term by the remaining direc-
tors. \ failure to elect directors on the
date above specified shall not dissolve the
corporation. nor impair its corporate exist
cnce. but the directors then in office shall
remain in office until their successors shall
have been duly elected and qualified.
The board of directors shall at its first
meeting elect from among its members a
president, vice-presdcnt, secretary and
a treasurer, or one person TO act as both
secretary and treasurer. as ii may deter
mine: when the office of secretary shall be
held separately il may be occupied by one
other than stakeholder
The board of directors from time TO time
may name and appoint all such other Off
GERS and agents as 1t may deem necessary
for the purposes and business Of this cOrpor
alton. The said board shall have power to
fix and define the duties OF every officer and
employee, and all officers and employees shall
hold office and employment at the pleasure of
the board. The board may make and eStab-
fish. as well as alter and amend, all such
bylaws rules and regulations necessary
and proper in its judgment for the conduct
and management Of the business and affairs
Of such corporation. The board Of directors
shall have full power and authority to Dor
row money, to execute mortgages and TO
create liens. to issue bonds, notes and other
obligations. and the same to secure by mort
gage, pledge or otherwise; and generally TO
do any and all things reasonable, convenient
and necessary for the proper carrying on Of
the business and affairs of said corporation.
The board of directors may issue full paid
shares of stock for cash, or in payment Of
labor done or services performed for this
corporation or property or rights actually
received by this corporation.
All transfers of stock shall be made on
the books of the company, and under such
rules and regulations as the board Of d.
rectors may prescribe
Article VI.-The following shall consti-
tute the first board OF directors Charles A.
Thiel, Jr, Adam Torch, ST., j. p. Schaeffer