The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-06

of directors shall have the power, by a vote
Of not less than four (4) directors, to sell,
lease, mortgage (by bond mortgage or other
wise), 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 obliga-
lions of 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 OF 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 G. A.
Sporl, j. ID. Hayward, Jr., F. III. G. Fry, j.
ii. Judge and A. g. Gugel, with c. A. Sporl
president, and +. III. @. 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
at general meeting of the stockholders con-
vened 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
L
| death or disability or resignation Of one or
more commissioners, the vacancy shall be
| filed by the surviving commissioner or COM
| missioners.
i This act of Incorporation may be modi-
fed, changed, or altered, or the said cor
poration may be dissolved with the assent
!, of three-fourths OF the capital stock repre-
scented at any general meeting Of stockhold-
ers convened for such purpose, after pre-
vious notice shall have been given In one or
more daily newspapers published In the par
! ish of Orleans, state OF Louisiana, once n
: week during the thirty 800 days next pre-
/, ceding such meeting and upon the date OF
E such meeting, and by notice mailed at least
r forty (40) days prior to such meeting, TO
e each stakeholder who appears as such on the
5 books Of the company, to the post Office ad-
:, dress designated by him, and In case OF fall
/ ure to designate an address to the General
e Delivery at New Orleans.
n Any change which may be proposed OF
e made with reference to the capital stock OF
e said corporation shall be made In accord
e ance with the laws of the state OF Louisiana
s on the subject of altering the amount of cap
ital stock of corporations, and II may be in
II creased or diminished upon a compliance
y there with, upon the Affirmative vote Of two
e thirds of the stock OF the corporation. NJ
d stakeholder shall ever be held liable or re
z sponsible for the contracts or faults of thi
r corporation, In any further sum than tn
G. unpaid balance due on the shares OF stool
We owned by him, nor shall any mere informal
ii ing this charter null and void or OF expos
20 Ing any stakeholder to any liability beyOn
ID the amount due on his stock.
id In order that this charter may also serv
of as the original subscription list. the sui
y scribers hereto have set opposite to thei
rs names the number of shares of stock sui
IN scribed for by each Of them.
es Thus done and passed In my Office In tn
or city Of New Orleans, in the presence Of Ere
So II. Dienes and Frank VIM. Hart, competen
n witnesses of lawful age, who have signe
their names with the said appearers an
er me, notary, on the day and date aforesaid
he after reading the whole.
Mt Original Signed: J. ii. Judge, J. d. Hal
ne ward Jr., T. II. G. Fry, c. A. Sporl, A.
A Gugel and others.
IL Witnesses: Fred Fl. Dienes. Frank WI
ly Hart.
YER GUSTAV R. wEsTFELDT, JR..
Dr. Notary Publ
all I, the undersigned recorder OF mortgag
er in and for the parish OF Orleans, state
w. Louisiana, do hereby certify that the abO'
la and foregoing act Of Incorporation OF q
re- Bassett Gas and OIL Company was this d.
IRE duly recorded in my Office, in book los
Of folio =. New Orleans. Feb IA, 1918.
ct EMILE LEONARD, by. r.
&c A true copy.
mt GUSTAV r. wDSTFELDT, JR..
nc Notary Publ
.rd feb 20 81 march 20 81 1918