The herald., 1913-08-28

dynamite and the necessary machinery, en-
gineS. 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 to and everything
necessary TO carry out the said objects ana
purposes OF this corporation.
Article IV.-The capital stock OF this cor
poration is hereby fixed at the sum Of five
thousand dollars (SJ 100000. divided into
and represented by fifty (50) shares of stock
al the par value of one hundred dollars
(S1O000) 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 anu shall be authorized to commence
business when and as soon as three thou
sand dollars (S3,0000O) of its capital stock
shall have been subscribed for.
Article V.-All the corporate powers of
said corporation shall be vested In and ex-
posed of four (4D 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 ofHhis corporation by publica-
tlon for not lesS than ten (1O) 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 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. A failure to elect directors on the
date above specified shall not dissolve the
| corporation, nor impair its corporate exist
| cnce, 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 8
a treasurer, or one person to act as bot
| secretary and treasurer, as Ii may deter
mine; when the office Of secretary shall b
held separately 1t may be occupied by on
| other than 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 t
fix and define the duties of every officer an
employee and all officers and employees shall
hold Office and employment at the pleasure o
the board. The board may make and estah
bylaws, rules and regulations necessar
and proper in its 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
obligations, and the same to secure by mort
gage, pledge or otherwise; and generally (
do any and all things reasonable, convenien
and necessary for the proper carrying on Q
the business and affairs OF said corporation
The board of directors may issue full pal
shares of stock for cash, or In payment Q
labor done or services performed for thl
corporation or property or rights actuall
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 yI.-The following shall const
tute the first board Of directors: Charles
! Thiel, Jr., Adam Torch. Sr., ]. T. Schaeft
and Adam Lorch Jr., which said directors a
their first meeting shall elect from anon
their number a president, vice-presiden
and shall also elect secretary and trea
, urer, or one person to serve In both capac
ties in accordance with the seventh part
} graph of Article Five (5).
The said board Of directors shall hold o
flee until the third Tuesday of Januar
1914, and until their successors shall hay
: been duly elected and qualified.
Article VII.-Whenever this corporate
shall be dissolved, either by limitation, {
from any OIneF cause, us dudlrS SNAIL !
: lquidated by three commissioners to be a.
pointed from among the stockholders at
general meeting of the stockholders COZ
!, vened for such purpose, of which meetir
] notice shall be given In the manner ar
e time provided for stockholders meetings
Article VIII Of this charter, and a majo
I ity in amount of the capital stock OF sa
d corporation, represented at such meetin
: shall be requisite to elect. Said comml
sioners shall remain In Office until the anal
r of said corporation shall have been full
d liQuidated In case of the death Of one
n more of said commissioners, the vacan'
shall be filed by the surviving commissio
i ers.
o Article VIII-This act Of incorporate
). may be modified, changed or altered or sa
|. corporation may be dissolved with the co
J. sent of three-fourths of the capital sto
/, represented at a general meeting OF {
e stockholders convened for such purpose al
l. after notice shall have been given in one
> more newspapers published In the city
D New Orleans, once a week for four wee
], preceding the meeting. and by written Q
a. tice to each stakeholder mailed to him
Is his last known place Of business, or don
D. Gle. thirty days prior to the date OF
g meeting.
S, Any change proposed or made In referer
IS to the capital stock shall be made In accol
e. ance with the laws Of the state Of Louisial
s, on the subject of Altering the capital ste
e, Of corporations"