The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-19

and in acquiring and bringing about the pur-
chase OF the property, rights and franchises.
aforesaid; also for cash or in inStallmentS
OF such amount the board OF directors
may determine also for merchandise re-
ceived or services actually rendered TO this
corporation. The board OF directors, as
hereinafter created, Is especially authorized
TO dispose Of the stock Of this corporation
In whole or In part, for any and all OF the
purposes above stated as in It's judgment
may seem fair and proper. This corpora
ton shall begin business as soon as three
thousand lS30OOOO) dollars Of its stock
shall have been subscribed.
Article N.-All the powers Of this cOrp1-
ration shall be vested in and exercised by
the board Of directors, composed Of i've 90
stockholders, and any three OF whom shall
constitute a quorum for the transaction Of
business. The said board Of directors shall
be elected annually on the first Tuesday in
May Of each year. The first election 10 be
held in the year 1911.
All elections shall be by ballot at the Of
flee Of the corporation under the supervision
Of three CD commissioners 70 De appointed
by the board Of directors, and, In the alb
sence Of any commissioner. the president
shall have the power TO fll the place by ap-
| pOintment, and all elections as well as meet
| inSS Of stockholders, except for the purpose
| Of liquidation or dissolution, or as otherwise
| required by law, ten tlOb days notice shall
| be given By mailing to each StOCkhOider who
appears As such on the books Of the COrpO-
ration at his last designated address or TO
| the general delivery at New Orleans, If he
| has not designated his address, an announce
ment stating the time and place Of the
meeting. Each stakeholder shall be entitled
! 20 one vote for each share of stock standing
/ in his name on the books of the corporation,
east in person Dr by proxy. and the ma iOrty
| of III" votes cast shall elect. The board Of
| directors shall have the power to fill al
| vacancies that may occur on the board Fail
| IRE to elect directors on the dav above Speci-
| ned shall not dissolve the corporation. but
/ the directors then in Cfice shall remain In
| III until their SlIgtpSSDTS elected and
qualified. Due notice of another election
shall forthwith be given, as above provided.
such notice Of election shall be continued
| until an election Is held.
! The board Of directors at the first meet
! inE following an annual election shall elect
! from their number president, Il vice-preSi-
| dent. 4 secretary and a treasurer, all Of
| whom shall be stockholders, and such other
officers aS the board shall deem necessary.
The board Of directors shall have the
power 10 make and establish as well as alter
and amend all bylaws. rules and regula-
! lions necessary and proper for the support
| ana mana cement of the business and affairs
ot this corporation, not inconsistent with its
| charter
The said board shall have full power and
! authority TO borrow money through its pres
id"nt or some other duly authorized agent or
agents: 10 execute mortgages and issue
notes, bonds or other obligations in such 4
manner and on such terms as in their iudg-
n"nt may he advantageous. and generally 70
do all the things necessary for the nr0ner
carrying on Of the business OF said corpora-
ton: also to issue and deliver full paid
shares Of stocks and bonds or other Obilgl-
lions Of the said corporation in payment Of
Ihe money borrowed, or money. labor. ser
vices. property or rights actually received bv
the said corporation. rs heretofore set forth
Jntil the next meeting Of the stockholders
10 be held under this charter, the board Of
directors shall be composed Of l. r Rhea
Jr. ]. e. Werner. G.. A. HogSett. r. H. Hog
Sett and James u. Hayward Jr, with l. T
Rhea as president, ! u. Hayward Jr. as
=
tary and treasurer.
Article VI.-Whencver this corporation
shall be dissolved by limitation or otherwise
us affairs shall be liquidated by three COM
miSSOnerS elected by the stockholders at 4
meeting called for that purpose, as herein
after provided. and said commissioners shall
have full power to act in all matters apper-
tanning to the winding MP Of the affairs Of
said corporation. The surviving commits
SiOner or commissioners shall have power TO
NIL any vacancy that may occur
Article VIG.-ThiS act of incorporation
may be altered, amended or modified or the
said corporation may be dissolved with the
assent OF three-fourths Of the capital stock
represented at special meeting called for
such purpose, after notice to such effect
shall have been published in one of the da ilv
newspapers of New Orleans once a week for
the period Of thirty days and after A notice
shall have been mailed to each stakeholder OF
meeting
No stakeholder shall ever he held Liable or
responsible for the acts of this corporation
in any further amount than the unpaid bal.
ance due on the shares of stock owned by
him, nor shall any informality in this char.
ter expose the stockholders to any liability
than the said unpaid balance
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 by each Of them.
| Thus done and passed. In my office in the
city OF New Orleans. in the presence OF
Frank VIM. Hart and Fred. H. Dienes, com.
potent witnesses, who have signed their
names with the said appearers and me. no
tary. on the day, month and year first above
written. after reading Of the whole
lOriginal signed) I. r. Rhea. Jr. G.. A
HoSsett. r. III. HogSett. ]. n. HAYWOOD Jr
Witnesses Frank VIM. Hart. Fred IT
Dlenes. GUSTAV II. WFsTFFInT Tn
Notary Public
l. the undersigned. recorder of mortga pcs
In and for the parish Of Orleans, state Of
Louisiana, do hereby certify that the aboy,
, ana foregoing act Of incorporation of tn,
American Gas Oil Corporation was thi
: DAY duly recorded in my office in book loss
New Orleans, May 9th 1913.
= COriginal signed)
EMILE J. LEONARD Dy r
q true copy:
GUSTAV r. WEsTfELDT, JR,
, ,Seal 40 m Notary Public
| AMENDNENT To en-