The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-13

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 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, j. ID. Hayward Jr., +. II. G.. Fry, j.
Ii. 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 from any
other cause, Its affairs shall be liqudated
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
and to distribute the proceeds. In case of
| death or disability or resignation Of one or
more commissioners, the vacancy shall be
| hlled by the surviving commissioner or COM
missioners.
ARTICLE VII.
This act OF incorporat ton may be modi-
| ned, changed, or altered, or the said cor
poratlon may be dissolved with the assent
OF three-fourths OF the capital stock repre-
| sented at any general meeting OF stockhold-
ers convened for such purpose, after pre-
L hn hawvn hnn.. IL l.
i more daily newspapers published in the par
i ish or Orleans, state OF louisiana once a
I week during the thirty 800 days next pre-
ceding such meeting and upon the date OF
Il sucn meeting, and by notice mailed at least
forty (4Ol days prior to such meeting TO
each stakeholder who appears as such on the
books OF the company, TO the post Office ad-
dress designated by him, and In case OF fail
ure to designate an address to the General
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 Iouisiana
; on the subject of altering the amount OF cap.
ital stock OF corporations, and 1t 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
sponslole Tor the contracts or faults OF thi:
corporation, In any further sum than tn,
unpaid balance due on the shares of STOCK
owned by him, nor shall any mere informal
ity In organization have the effect OF render
4 Ing this charter null and void or of expos
. Ing any stakeholder to any liability beyOnC
4 the amount due on his stock.
q In order that this charter may also serv,
as the original subscription list, the sub
= scribers hereto have set opposite to thei
8 names the number Of shares of stock sub
scribed for by each OF them.
$ Thus done and passed in my Office in tn
T city OF New Orleans, in the presence Of Free
$ I'll: Dienes and Frank VIM. Hart competen
/ witnesses, of lawful age, who have signe,
their names with the said appearers an,
II me, notary, on the day and date aforesaid
e after reading the whole
Il Original Signed: J. H. Judge. ]. d. Hay
e ward; Jr., F. II. G. Fry, C. A. Spor, A.
a Gugel and others.
: Witnesses: Fred II. Dienes, Frank WI
v Hart.
Il GUSTAV r. wESTFELDT, JR.,
r Notary Publit
II /, the undersigned recorder OF mortgag &c
n In and for the parish OF Orleans. state G
y Louisiana, do hereby certify that the abOv
4 and foregoing act Of Incorporation OF tn
e Bassett Gas and OIL Company was this da
-e duly recorded In my office, In book 10S'
If folio =. New Orleans. Feb a. 1913.
T. EMILE LEONARD, by. r.
c. true copy.
1t GUSTAV z. wESTFELDT, JR.,
c. Notary Publ