The herald., 1913-02-20

.ug nav DE represented by any other drec
tor. Via may cast the vote of said absent
director, according 10 the written lnStruc
tiUnS of the said absent director. me pHart
of directors shall have the power, by vote
az unf loss than four "a directors, to sell
lease. mortgage Thy bond mortgage or other
wisc, or 10 pledge any or all Of the properly
movable and immpvable belonging 10 me cor
puratiJn. or 10 receive VI exchange therefor
money or stocks or bonds or other ohllGa
tiuns of another corporation without reterr
iny 70 the shareholders for the power to dc
50 And they may also purchase for stock
I'm this company or for cash or on crtdit'
property Of any kind required for any of the
purposes Uf the corporation, without anthor'
ity Of the shareholders.
Until the next meeting to be held under
this charter, or until their duly quallhcd
successors are elected and installed, the
board OF directors shall he composed of {. \
Sporl j. II. Hayward. Jr., +. ii. G. Fry, j.
H. Judge and A. g.. Ciugel, with c. \. SpOrl
as president: J. II. Hayward, Jr, as vice
president, and /. ii. g. Fry rs 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
mt a general meeting of the stockholders con
vencd for the purpose Of Liquidation, as here
matter provided. each share being entitled
TO one vote TO be cast by the holder either
i'm 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 10 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 com
misSiOnerS
ARTICLE VII.
aaf - M ha nnnIf-
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 a
week during the thirty 900 days next pre-
ceding such meeting and upon the date of
such meeting, and by notice mailed at least
forty (4O) days prior TO such meeting TO
each stakeholder who appears as such on the
books Of the company, TO the post office adj
dress designated by him, and in case of fail
ure to designate an address TO the Genera
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
ital 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
owned by him, nor shall any mere informal
ity in organization have the effect of render
ing this charter null and void or Of expos
ing any stakeholder to any liability beyond
the amount due on his stock
In order that this charter may also serve
as the original subscription list. the sub
scribers hereto have set opposite to their
names the number of shares OF stock sub
scribed for by each of them
Thus done and passed in my office in the
city OF New Orleans. in the presence of Fred
ii: Dienes and Frank Vim. Hart, competent
witnesses. of lawful age, who have signed
their names with the said appearers and
me, notary, on the day and date aforesaid.
after reading the whole
original Signed: J. H. Judge. ]. d. Hay
ward; Jr,. +. ii. G. Fry, C. A Sporl. A q.
Gugel and Others
Witnesses Fred II. Dienes, Frank VIM.
Hart.
GUSTAV r. wESTFELDT, JR..
Notary Public
|, the undersigned recorder of mortga pes
IN and for the parish of Orleans. state of
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
Bassett Gas and Oil Company was this day
duly recorded In my Office In book loss.
folio -. New Orleans, Feb. Il 1013
DMlLE LEONARD, by. R.
GUS GUSTAV R. wBsrrruDr, 1R..
feb 90 81 march q 2 % o. 1oI9 Auo'ic'