The herald., 1914-06-18

Article /. The name and title OF the cor
poration hereby formed is declared TO be The
RUTH OIL AND REALTY COMPANY. Its
domicie shall be in the city Of New Orleans,
State Of Louisiana, and 1t shall have and en-
JOY succession by its corporate name foF a
period of uinety-nine years from and after
the date hereof. This corporation shall have
power and authority to contract, sue ana De
sued in its corporate name, to make ana use
a corporate seal, 10 hold, receive, hire ana
purchase real and personal property, and TO
sell, mortgage or pledge the same, and to Dor
row money and issue bonds, notes and other
Ail citations or other legal process shall be
served upon the president, and IN the event
of his absence or inability TO act from any
cause. the same shall be served upon the vice
president, or any other otilceT IN New Orleans
NrrSlr II. The objects and purposes for
winch this corporation Is organized and the
azure 90 the business 10 be earned on by
are hereby declared TO be: To purchase or
otherwise acquire, erect construct, equip, inn
DrOvr, extend, work, develop, operate. main
iain. own, repair, control, sell, lease or other
wise dispose OF water rights, reservoirs, DAMS
canals tunnels, bitches, fumes, drainage
systems, controlling works, power plants ana
irrigation works or plants, OF whatsoever kinu
or nature, tor the purpose OF rTSauhS IdhCS,
retaining submerged lands, storing wat
ers and the draining and conveying OF wat
crs from one place or places to another place
or places.
convey minerals and oil and gas, or to barge
the same and to deal generally IN minerals,
gas, OIL and mineral, gas or oil Lands, IN or
out OF the State OF LOUISIANA, and Tor these
purposes It shall have power 10 buy, sell and
lease gaS and oil lands, 10 erect buildings, to
bore wells, to purchase, erect ana operate
machinery, TO borrow money, TO buy, make,
operate, lease and rent tank cars and tanks,
and 10 do all things necessary, requisite or
convenient 70 carry out the purposes above
set forth, IS well as all powers inherent IN
and to corporations.
To acquire by purchase or otherwise, own,
hold buy, sell, convey, lease, mortgage or
cucumber real estate Or other property, per
suual or mixed, and TO survey, Subdlvlde
plat. improve and develop irrigated, sub.
merged and other lands Tor the purpose OF
sale OF otherwise, and 10 do and perform all
things ncediul and lawful for the development
and improvement Of the same for agricultural,
planting, cattle raising, residence, trade and
business.
Article Ill The capital stock OF this cor
poratlou Is hereby fixed al the OF nifty
thousand dollars, divided into and represent
ed bv i've hundred $500 shares OF the par
value Of one hundred dollars SlOOCO) each.
said stock shall be paid for IN lnsta!lments
OF such amounts and at such times as the
board Of directors may uetermIne, but any
part or parcel OF said stock may be issued
by SAID board of directors at not less than
par in payment OF labor done or property
actually received by saIU corporation.
This corporation shall commence business
and be 4 going concern as soon as three
thousand dollars G5OOO.0O OF its capital stock
ter signed and executed by the Incorporators.
Article ". All the corporate powers OF this
corporation shall be vested IN and exercised
by a board Of three 90 directors, TO be COM
posed of stockholders, two (2) OF whom shall
constitute a quorum for tranSactlng all bust
ness. The board OF directors shall be vested
with full power and authority TO make all
contracts, purchases and sales, and adopt all
| bylaws, rules and regulations for the govern
ment OF the business and affairs of the COM
pany, and alter, amend and change the same
| at pleasure; appoint, hire and discharge all
officers, agents and employees, fix all salaries,
and generally do and perform all things neces,
| sary in the transaction OF the business and
affairs Of the company. Any vacancy occur
| ring in said board shall be hlled by the re-
naming directors in the manner provided fol-
| in the bylaws.
The first board of directors of this corpora
ton shall consist OF Jacob Israel, Isidore
Israel and Ruth Israel with the said Jacot
| Israel as president, Isidore Israel as vice
| president, and Ruth Israel as secretary-treas
urer, who shall hold their offices until the
! fourth Monday If May, 1914, until theil
successors are du!y elected and qualified.
On the fourth Monday in May, 1918, and
| annually thereafter, an election for diTec
| tors shall be held at the office OF the com
| pany under the supervision OF two commits
| sioners to be appointed by the president, and
| the directors then elected shall take thel
seats Immediately and shall hold office unit
| their successors duly elected and qualified
| Each board shall elect its own officers, which
| shall consist of a president, vice president
! a secretary -treasurer; two of said Offices ma.
be held by the same person.
| All corporate elections shall be by ballot
and a majority of the votes cast shall elect
and at all stockholders meetings held 70
any purpose, each share of stock shall be en-
titled to one vote, either, in person or b!
proxy, by the person in whose name same
| registered on the books of the company, an,
the board Of directors may close the stoc
transfer, books. for a period not exceeding
thirty days before any meeting.
. q Stockholders meeting
shall be given to each stakeholder by tn
secretary-treasurer at least ten QO day
prior to elections, by mailing same, Postag
prepaid, TO his last known postofhce address:
Article V. This act of incorporation ma
be changed, altered or modified, or the col
poration dissolved, with the assent of three
at any general meeting of the stockholder
convened for that purpose after 80 days prIo
notice of such meeting shall have been give
by publication in one of the daily newspaper
published in the city of New Orleans, b
three publications during said period, an
such changes as may be made in reference
the capital stock shall ue made in ACCORD
ance with the then existing laws on the sui
ject.
Article VI. Whenever this corporation
dissolved by limitation of its charter, or froi
any cause, its affairs shall be liquidated b
two commissioners to be appointed fro
among the stockholders at meeting Of I'll
stockholders convened for that purpose aft,
: 20 days prior notice shall have been give
by the SeCTetary-treaSurer 10 eaCn StCCknOiQc
Said commissioners shall remain in Office III
til the affairs of the said corporation sha
have been liquidated. In case of death
: either commissioner the survivor shall col
tinuc to act.
Article VII No stakeholder of this CO
poration shall ever be held liable or rcspol
sible for the contracts, or faults thereof,
5 any further sum than the unpaid balance dl
the corporation the shares owned by hill
nor shall any mere informality in organiz
ton have the effect of rendering this chart
null, nor of exposing a stakeholder to ar
2 liability beyond the amount of his stock.
| The subscribers hereto have each write
opposite their names the number of shar
7 subscribed for, so that this act may also SER
as the original subscription list.
! Thus done and passed IN my notarial ofh
in the city of New Orleans, Louisiana,
the presence of {. A. Hermann and L.
!, | Bryant, Jr, competert witnesses of lawf
age and residing in this city, who hereun
| subscribe their names, together with sa
parties, and me, notary, on the day and da
set forth in the caption hereof.
Original Signed
Names. Number of Share
JACOB ISRAEL, OOO) One Hundred
RUTH ISRAEL, ~ Share.
: Witnesses:
c. A. HERMANN, L. P. BRYANT, JR.
ARTHUR B. LEOPOLD, Not Pub
2 I, the undersigned Recorder Of Mortgag,
Louisiana, do hereby certify that the abo
RUTH OIL AND REALTY COMPANY W
/ H., Ill, Al n