The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-04

! dynamite and the necessary machinery, en-
| gneS, drills and all appliances and cOnve-
nences for the use in connection with mining
| and drilling for oil and gas; and generally
| TO do all things incidental 10 and everything
necessary TO carry out the said objects and
| purposes of this corporation.
Article IV.-The capital stock OF this cor
| pOratiOn is hereby fixed at the sum Of five
| thousand dollars (SJ,0000O), divided into
and represented by fifty 900 shares of stock
| at the par value of one hundred dollars
tSlOO.OOb per share. Said stock shall be
paid for In cash, or in such installments,
and at such time, and after such notice to
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 or
rights actually received by said corporation.
This corporation may become going con-
Germ ana shall be authorized 10 commence
business when and as soon as three thou
sand dollars (S3,00000) OF its capital stock
shall have been subscribed for.
Article V.-All the corporate powers of
said corporation shall be vested in and cx-
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 as
! may be established by the board of directors
Notice of such elections shall be given by
the secretary of this corporation by pubica-
tiOn for not less than ten (lO) days prior
thereto in 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 votes
| cast shall elect.
Any vacancy occurring among the direc-
! tors OF this corporation by death, resignation
or otherwise shall be filed by election for
! the unexp!red term by the remaining direc-
| tors. failure to elect directors on the
date above specified shall not dissolve the
| 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 first
meeting elect from among its members a
president, a vlce-president, a secretary and
a treasurer, or one person to act as both
secretary and treasurer as 1t may deter,
| mine; when the office of secretary shall be
held separately 1t may be occupied by one
| other than a stakeholder.
The board Of directors from time to time
may name and appoint all such other Off
| GERS and agents as IL may deem necessary
for the purposes and business of this corpor.
alton. The said board shall have power tC
fix and define the duties OF every officer and
employee, and all officers and employees shall
hold Office and employment at the pleasure OF
the board. The board may make and estab
lish, as well as alter and amend, all such
bylaws, rules and regulations necessary
and proper In its judgment for the conduct
and management OF the business and affair:
of such corporation. The board OF director:
shall have full power and authority to Dor
row money, to execute mortgages and L
create liens, to issue bonds, notes and othel
obligat ions, and the same to secure by mort
gage, pledge or otherwise; and generally t
do any and all things reasonable, convenien
the business and affairs OF said corporation
The board of directors may issue full paiC
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 oil
the books OF the company, and under sucl
rules and regulations as the board of di
rectors may prescribe.
; Article vI.-The following shall consti
tute the first board Of directors Charles A
Thlel, Jr., Adam Torch. Sr., ]. p. Schaeffe
and Adam Torch, Jr., which said directors a
their first meeting shall elect from anon!
their number president, vice-presiden
and shall also elect secretary and treas
, urer, or one person to serve in both capaci
ties In accordance with the seventh para
! graph of Article Five (5).
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, o
from any other cause, its affairs shall b
| Dy three commissioners 10 De al
pointed from among the stockholders at
general meeting of the stockholders con
!, vened for such purpose, of which meetin
! notice shall be given in the manner an
e time provided for stockholders meetings
e Article VIII of this charter, and a majol
I ity in amount of the capital stock Of sal
j corporation, represented at such meetin!
: shall be requisite to elect. Said commits
siOners shall remain In Office until the affair
T OF said corporation shall have been full
d liquidated. In case of the death Of one @
q more of said commissioners, the vacanc
shall be filed by the surviving commission
j ers.
o Article VIII-This act of incorporate
!. may be modified, changed or altered, or sal
!, corporation may be dissolved with the col
> sent Of three-fourths OF the capital stoC
!, represented at a general meeting Of til
e stockholders convened for such purpose an
J. after notice shall have been given in one {
, more newspapers published In the city
, New Orleans, once a week for four weei
!, preceding the meeting, and by a written n
], tlce to each stakeholder mailed to him
S his last known place Of business, or dom
l. cile. thirty days prior to the date OF ii
g meeting.
), Any change proposed or made In referen
IS to the capital stock shall be made In accor
G. ance with the laws OF the state Of Louisian
$, on the subject of ALTERING the capital sto
e, Of corporations"