The herald., 1913-03-20

of directors shall have the power, by a vote
OF not less than four "a directors to SELL
lease, mortgage (by bond mortgage or other
wlse), or TO pledge any or all of the property,
movable and immOvable belonging to the cor
poration, or TO receive in exchange therefor
money or stocks or bonds or other oblga-
tons or another corporation without referr-
ing TO the shareholders for the power to do
so. And they may also purchase for stock
In this company or for cash or on credit
property Of any kind required for any of the
purposes or the corporation, without author
ity of the shareholders.
Until the next meeting to be held under
this charter, or until their duly qualified
successors are elected and installed, the
board OF directors shall be composed of c. A
Sporl, ]. ID. Hayward, Jr., F. III. G. Fry, j.
III. Judge and A. g. Gugel, with c. A. Sporl
as president; J. ID. Hayward, Jr., as vice
president, and +. II. G. Fry as secretary and
treasurer.
ARTICLE VI.
Whenever this corporation shall be dis
solved, either by Limitation or from any
other cause, its affairs shall be liquidated
by three 90 stockholders TO be appointed
al general meeting OF the stockholders con-
yened for the purpose Of liquidation, as here
matter provided, each share being entitled
TO one vote TO be cast by the holder either
In person or by proxy. Said commissioners
shall remain In office until the affairs OF said
corporation shall have been fully settled and
liquidated, and they shall have full power
and authority to transfer and give title to
all the assets and property of the corporation
and to distribute the proceeds. In case OF
death or disability or resignation OF one or
more commissioners, the vacancy shall be
| filled by the surviving commissioner or CON-
missioners.
ARTICLE VII.
This act Of Incorporation may be modi-
ned, changed, or altered, or the said cor
poration may be dissolved with the assent
| or three-fourths of the capital stock repre-
| sented at any general meeting Of stockhold-
ers convened for such purpose, after pre-
| ho hoan rfxr II,
I more daily newspapers published In the par
| ish OF Orleans, state OF Louisiana, once
week during the thirty 800 days next pre-
| ceding such meeting and upon the date of
such meeting, and by notice mailed at least
I forty (4O) days prior to such meeting to
each stakeholder who appears as such on the
books or the company, to the post office ad-
dress designated by him, and In case Of fail
ure to designate an address to the General
i Delivery at New Orleans.
Any change which may be proposed or
made with reference to the capital stock OF
: said corporation shall be made in accord
ance with the laws of the state OF Louisiana
; on the subject of altering the amount OF cap
ttal stock OF corporations, and It may be in
= creased or diminished upon a compliance
there with, upon the Affirmative vote OF two
thirds OF the stock OF the corporation. No
stakeholder shall ever be held liable or re-
: sponsible for the contracts or faults OF this
corporation, In any further sum than the
: unpaid balance due on the shares Of stock
e owned by him, nor shall any mere informal
e ity In organization have the effect OF render.
i Ing this charter null and void or OF expos
0 Ing any stakeholder to any liability beyond
4 the amount due on his stock
q In order that this charter may also serve
I as the original subscription list the sub
y scribers hereto have set opposite to theil
8 names the number OF shares OF stock sub
d scribed for by each OF them.
8 Thus done and passed in my Office in th(
r city of New Orleans In the presence OF Free
8 H. Dienes and Frank VIM. Hart, competent
l. witnesses, of lawful age, who have slgner
their names with the said appearers ant
r me, notary, on the day and date aforesaid
@ after reading the whole.
Il Original Signed: J. III. Judge, J. d. Hay
e ward, Jr., +. III. G. Fry, c. A. Sporl, A. G
: witnesses: Fred II. Dlenes, Frank VIM
V Hart.
II GUSTAV r. wESTFELnT, JR..
r Notary Public
II ], the undersigned recorder OF mortgage
IT in and for the parish of Orleans, state 0
= Louisiana, do hereby certify that the abOy
4 and foregoing act OF Incorporation OF IN
E. Bassett Gas and OIL Company was this da
e duly recorded In my office, in book loss
ofl folio =. New Orleans, Feb. IA, 1913.
T. EMILE LEONARD, Dy T..
c. true copy.
It GUSTAV r. wESTFELDT, JR,
ID feb 20 81 march 8 20 81 1918