The herald., 1913-02-27

of directors shall have the power, by a vote
of not less than four "a directors, to sell,
lease mortgage (by bond mortgage or other
wise), or to pledge any all of the property,
movable and immOvabe belonging to the cor
poration, or to receive In exchange therefor
money or stocks or bonds or other Obliga-
lions of 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 credit
property of any kind required for any of the
purposes OF 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, ]. ID. Hayward, Jr., f. III. G. Fry, ].
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 or from any
| other cause its affairs shall be liquidated
| by three (3) stockholders to be appointed
at general meeting of the stockholders con-
| yened for the purpose of liquidation, as here
| matter provided each share being entitled
to one vote TO be east 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
filled by the surviving commissioner or com
miSsioners.
ARTICLE VII.
/ This act OF incorporate may be modi-
fed, changed, or altered, or the said cor
poratOn may be dissolved with the assent
e 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
q 1ai lv ishp in r
j ish of Orleans. state Of Louisiana, once n
' week during the thirty 500 days next pre-
, ceding such meeting and upon the date OF
Q such meeting, and by notice mailed at least
r forty (40) days prior to such meeting, to
g each stakeholder who appears as such on the
5 books OF the company, TO the post ONCE ad-
:, dress designated by him, and In case Of fail
i ure to designate an address to the General
@ Delivery at New Orleans
n Any change which may be proposed or
e made with reference TO the capital stock Of
e said corporation shall be made In accord
e ance with the laws of the state Of Louisiana
S on the subject of altering the amount OF cap
ital stock of corporations, and 1t may be in
~ creased or diminished upon n compliance
, there with. upon the affirmative vote of two
'e thirds Of the stock Of the corporation. No
d stakeholder shall ever be held liable or re-
z sponsible for the contracts or faults Of TINS
lr corporation, in any further sum than the
C. unpaid balance due on the shares Of stock
'e owned by him. nor shall any mere Informal
leI lty in organization have the effect Of render
Tol ing any stakeholder to any liability beyond
ID the amount due on his stock.
Id In order that this charter may also serve
Of as the original subscription list. the sub
y scribers hereto have set opposite to theii
rs names the number Of shares Of stock sub
'h scribed for by each Of them.
cs Thus done and passed in my Off 20 In th'
or city of New Orleans, in the presence OF Fred
IS H. DieneS and Frank VIM. Hart, competent
Il witnesses, of lawful age, who have signe,
their names with the said appearerS an,
or me. notary. on the day and date afOresJ td
he after reading the whole.
nj Original Signed: !. II. Judge, J. y. 'i"E
ne ward. Jr. +. II. G. Fry, G. \. Sport, \. q"
a Gugel and others
z. Witnesses: Fred H. Dicnes, Frank WIN
" Hart.
er GUSTAV r. WESTFELDT, JR.,
,r. Notary Public
III I. the undersigned recorder of mortgage
er in and for the parish Of Orleans, stale o.
v Louisiana, do hereby certify that the ab'E
a and foregoing act Of incorporation Of th
re- RasSett Gas and OIL Company was this ia
re duly recorded in my Office in book loss
Of folio -. New orleans. Feb. II. 1913.
IT EMILE LEONARD, Dy. L.
&C. true copy.
mt GUSTAV r. WESTFELDT, JR..
Ic- Notary Publ,
I'd feb 20 p march 20 p 1913