The herald., 1913-05-22

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 as the board OF director.
| may determine; also for merchandise re
ceiyed or services actually rendered to thi,
corporation. The board Of directors q,
| hereinafter created Is especially authorized
| to dispose Of the stock Of this corporatioI
in whole or in part, for any and ali of the
! purposes above stated, as in its judgment
may seem fair and proper. This corpora
ION shall begin business as soon as three
| thousand (S3OOOO0D dollars OF its StocB
shall have been subscribed
Article N.--Au the powers Of this c0rpD
I ration Shall De vested in and exercised 10y
me board or directors, composed OF five -
stockholders, and any three of whom shall
constitute quorum for the transaction OF
business. The said board Of directors shall
re elected annually on the first Tuesday In
May Of each year The first election 10 be-
held in the year 1914.
All elections shall be by ballot az the Of.
nee OF the corporation under the supervise
OF three 90 commissioners to be appointed
ny the board OF directors and. In the alb
scnce Of any commissioner. the president
snail have the power 10 III the place by APP
polntlneHt, and all elections as well as meet
lngS or stockholders, except for the purpose
|ot liquidation or dissolution, or as Othcrw Sc
required by law. ten ilOi DAYS notice shall
De- given by mailing 70 each stakeholder who
appears as such on the books Of the cOrpO-
ration at his last designated address or to
the general delivery at New Orleans II he
has not designated his address an Announce
ment stating the time and place OF the
meeting Each stockhOldcr shall De entitled
10 one vote for each share Of stock standing
In his name on the books OF the corporation.
cast IN person or by proxy. and the majority
or the votes east shall elect The board OF
directors shall have the power TO fiji all
vacancies that may occur On the board, Fail.
ure to elect directors on the day above speci-
fled shall not dissolve the corporation but
the directors then In office shall remain in
ONCE until their successors are elected and
quallhed Due notice OF another election
snail 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
ing following an annual election shall eject
dent, 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 to make and establish as well as alter
and amend all bylaws rules and regula-
lions necessary and proper for the support
and management OF the business and affairs
OF this corporation, not inconsistent with its
The said board shall have full power and
authority 10 borrow money through it's pres
ldent or some other duly authorized agent or
agents: to execute mortgages and issue
notes, bonds or other obligations in such a
manner and on such terms a in their iudg-
ment may be advantageous. and generally 10
do all the things necessary for the proper
carrying on Of the business Of said corpora.
ton; also TO issue and deliver full maid
shares of stocks and bonds or other Obiiga.
lions or the said corporation In payment OF
tne money borrowed, or money, labor, ser
Vices, property or rights actually received nv
the said corporation. as heretofore set forth
Until the next meeting OF the stockholders
to be held under this charter. the board OF
directors shall be composed OF /. T. Rhea
Jr.. !. e. Werner. G.. A HOgsett r. II. Hog
Srtt and James ID. Hayward, Jr., with l. r
Rhea as president, J u. Hayward, Jr. as
and g. A. Hogsett as secre-
tary and treasurer.
Article YL-Whenever this corporation
shall he dissolved by limitation or otherwise
its affairs shall he liqudated by three COM
miSSiOnerS elected by the stockholders at a
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 up Of the affairs Of
said corporation. The surviving commits
Sioner or commissioners shall have power to
NIL any vacancy that may occur.
Article NII-This act OF Incorporation
NAV be altered. amended or modified. or the
said corporation may be dissolved with the
assent or three-fOurthS OF the capital stock
represented a special meeting called for
such purpose after notice to such effect
shall have been published in one OF the daily
Of New Orleans once a week FOR
the period Of thirty days and after notice
shall have been mailed to each stakeholder Of
record at least forty days prior to such
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 NAV also serve
as the original subscription list the sub
Scribers hereto have set opposite TO their
names the number OF shares OF stock sub |
Scrihed by each Of them
Thus done and passed. in nv office in the
,tty OF New Orleans. in the presence OF
Frank VIM. Hart and Fred. III. Dienes. com
Detent 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.
- tOriginal signed) |. r. Rhea, Jr, G., A
Iiogsett II. III. HOgsett ]. II. Haywood. Jr |
WitneSses) Frank VIM. Hart, Fred n.
Dienes GUSTAV Il. WFSTFEInT In
Notary Public. |
!, the undersigned, recorder OF mortgages
n and for the parish OF Orleans. state of
Louisiana. do hereby certify that the above |
ma foregoing act OF incorporation of the |
American Gas & Oil Corporation was this |
lay duly recorded in my Office in book 1888. |
OiO =
New Orleans. May 9Th. 1913.
(Orignal Signed)
A true copy:
GUSTAV r. WESTfELDr, JR.,
seal Notary Public |