The herald., 1913-08-21

! dynamite and the necessary machinery, en-
| gines. drills and all appliances and cOnve
nienCeS for the use in connection with mimi!
and drilling for oil and gas; and general,
! to do all things incidental TO and eyerythin!
necessary 10 carry out the said objects anl
purposes OF this corporation.
Article iN.-Thc capital stock OF this cor
pOratiOn is hereby fixed at the sum Of fv,
thousand dollars ($5.OOO.OOD. divided into
and represented by nifty 900 shares of StOcl
ar the par value of one hundred dollars
tS10O.0OD per share. Said stock shall be
paid for In cash, or in such inStalmentS
and at such time, and after such notice tC
The subscribers as the board OF directors may
fix, or the same may be issued at not less
than par for labor done or services perform
ed for the said corporation, or property OF
rights actually received by said corporation
This corporation may become going con
Germ ana shall be authorized To commence
business when and as soon as three thou
sand dollars (S3.000.OO) OF its capital stock
shall have been subscribed for.
Article V.--All the corporate powers OF
said corporation shall be vested In and eX.
ercised by a board Of directors, to be com
posed of four "a stockholders TO be elected
annually on the third Tuesday of January
in each year.
All such elections shall be by ballot, and
shall be held and conducted at the Office OF
this corporation under such regulations a:
may be established by the board of directors
Notice of such elections shall be given by
the secretary of this corporation by pubica
ton for not less than ten (lO) days prior
| thereto in a daily newspaper published In
the English language in the city Of New Or
leans.
At all such elections and at all corporate
meetings. every stakeholder shall be entitled
to one vote for each share OF stock standing
in his name, on the books Of this corpora
ton, to be cast by him in person, or by writ
ten proxy, and the majority of such vote:
cast shall elect.
Any vacancy occurring among the direc
tors OF this corporation by death, resignation
or otherwise shall be filled by election fol
! the unexp!red term by the remaining dlrec
date above specified shall not dissolve thu
| corporation, nor impair its corporate exist
| ence, but the directors then in office shall
| remain in office until their successors shall
have been duly elected and qualified.
| The board of directors shall at its frs
| meeting elect from among its members
| president, vice-president, a secretary anC
| a treasurer, or one person 10 act as boil
| secretary and treasurer. as 1t may deter
| mine; when the office OF secretary shall b.
| held separately 1t may be occupied by on
| other than a stakeholder.
The board of directors from time to tim,
| may name and appoint all such other Off
| GERS and agents as il may deem necessar!
| for the purposes and business OF this cOrpOr
! alton. The said board shall have power 4
| fix and define the duties of every officer an,
| employee, and all officers and employees shal
| hold office and employment at the pleasure o
the board. The board may make and estah
fish, as well as alter and amend, all sucl
| bylaws, rules and regulations necessar
and proper in It's judgment for the conduc
and management OF the business and affair
of such corporation. The board of director
shall have full power and authority to boz
| row money, to execute mortgages and {
create liens, to issue bonds, notes and Othe
| obliga lions, and the same to secure by mort
| gage, pledge or otherwise; and generally I
do any and all things reasonable, convenien
and necessary for the proper carrying on o
the business and affairs OF said corporation
| The board of directors may issue full pal
! shares OF stock for cash, or In payment o
! labor done or services performed for thi
corporation or property or rights actual
received by this corporation.
| All transfers OF stock shall be made o
the books Of the company, and under sue
| rules and regulations as the board Of d
rectOrs may prescribe.
Article VI.-The following shall cOnst
tute the first board of directors Charles 4
| Thlel. Jr., Adam Torch. Sr., J. p. Schaeffe
and Adam Torch, Jr.. which said directors a
their first meeting shall elect from anon
their number a president, a vlce-presiden
| and shall also elect a secretary and a treas
urer or one person TO serve In both capac
ties in accordance with the seventh para
graph of Article Five 90.
| The said board of directors shall hold Of
fee until the third Tuesday of January
| 1914, and until their successors shall hav
been duly elected and qualified.
Article VII.-Whenever this corporatio
shall be dissolved, either by limitation, 0
from any other cause its affairs shall b
liquidated by three commissioners TO be ar
| pointed from among the stockholders at
general meeting Of the stockholders cor
yened for such purpose Of which meetin
notice shall be given in the manner an
time provided for stockholders meetings b
Article VIII of this charter, and a majo
ty in amount of the capital stock Of sal
corporation, represented at such meetln!
shall be requisite to elect. Said commits
sioners shall remain in Office until the affair
of said corporation shall have been full
liquidated In case of the death Of one Q
more of said commissioners, the vacanC
shall be filed by the surviving commission
ers.
} Article VIII.-This act OF Incorporate
. may be modified, changed or altered, or sal
=, corporation may be dissolved with the COZ
sent Of three-fOurths of the capital stOC
, represented at a general meeting OF ii
: stockholders convened for such purpose an
after notice shall have been given In one {
more newspapers published in the city
New Orleans, once a week for four weel
preceding the meeting. and by a written q
tice to each stakeholder mailed TO him
) his last known place Of business, or dom
= Gle, thirty days prior to the date OF Il
: meeting.
, Any change proposed or made IN referen
5 to the capital stock shall be made in accor
snce with the laws OF the state of Doulsian
, on the subject of Altering the capital sto'
!, Of corporations"