The herald., 1914-07-09

and agents as it may deem necessary !s- the
purposes and business OF this corporation.
The said board shall have power TO TX and
define the duties OF every officer and employee
and all officers and employees shall hold OF
hce and employment at the pleasure Of the
board. The board may make and establish.
as well alter and amend, all such bylaws
rules and regulations necessary and proper in
its judgment FOR the conduct and manage.
ment OF the business and affairs Of such cor.
The board Of directors shall have full power
and authority to sell. convey, mortgage
pledge, lease and purchase real and personal
property, to borrow money issue notes and
bonds, lend money, make contracts. and sign
and cause 10 be signed all necessary acts
deeds, etc; to take judicial proceedings in
the name Of and on behalf of the corporation
and generally 10 do any and all things rea.
sonab!e. convenient and necessary Tor the
proper carrying on OF the business and al.
fairs OF this corporation.
The board OF directors may issue ful-paid
shares OF stock for cash or in payrueni az
labor done or services performed for this cor.
porati9n or, property or rights actually re-
celved by this corporation.
All transfers Of stock shall be made on the
books OF the company and under such rules
and regulations as the board Of directors may
prescribe.
Article VI-The following shall constitu.
the first board OF directors: W o. Hudson.
John Mathers, Steve Mellinger, D. T Rees,
LOUIS Seller. F. J. Foxley and Adam Lorch,
r., which said directors at their first meeting
shall elect from among their number presi-
dent, a vlce-presIdent and shall also elect
secretary and treasurer, or one person 10
serve IN both capacities in accordance with
the sixth apragraph Of article hve CSl.
The said board Of directors shall hold Office
until the second Tuesday in June 1915 and
until their successors shall have been duly
eletced and qualihed.
Article ElI.-Nhenever this corporation
shall be dissolved, either by limitation or
from any other cause. its affairs shall be liqu-
dated by three commissioners TO be appointed
| from among the SrOCkhOlisrs at
meeting OF the stockholders convened for such
purpose, OF which meeting notice shall be
gwen IN the manner and time provided for
stockholders meetings by Article VIII Of
this charter. and a majority in amount Of the
capital stock of said corporation, represented
a. Such meeting, shat. be requisite to elect.
Said commissioners shall remain in Office un-
III the affairs of said corporation shall have
| been fully hquidated. In case of the death
| OF one or more OF said commissioners the
vacancy shall be filled by the surviving com
| Article VIII.-This act of incorporation NAV
be modified. changed or altered. or said cor
p3ratlon may be dissolved with the consent
or three-tourths of the capital stock represent
ed at general meeting of the stockholders
| convened tor such purpose, and after notice
| snall nave been gwen in one or more news
| once week for four weeks preceding the
| meeting and by a written notice to each
| Stockholder, mailed TO him to his last known
| place of business or domicile thirty days
%, Any enangd proposed or made in reference
{ ance with the laws of the state Of Louisiana
| on the subject of altering the capital stock
OF corporations" But any and all meetings
OF stockholders, whether for the purpose Of
qI hquIidation or for any other purpose, may be
rI.l melu al any time without notice by unani-
| hled with The secretary.
Article lA-The president, or acting presi-
.k'' Iken'' may, IN his discretion, and shall. upon
NJ Il L. q 4
san special meeting of the stockholders OF
| this corporation.
No stockholder shall ever be held liable
tor the contract faults of said corporation
| IN any further sum than the unpaid balance
Que the corporation on the shares Of stock
4 owned by him, nor shall any mere inforrnality
IA m. organization have the effect of rendering
ms oharter null or of exposing the stock,
nolders TO any liability beyond the unpaid
! amount remaining due on his stock
[Iucle AI.-Ihe subscribers hereto have
amount OF stock in this corporation subscribed
tor oy eaSh OF them, and this act of incorpora
non shall serve as the original Subscription
HsI OF SAID corporation.
lhus done and passed IN my Office az N,
cry OF New Orleans on the day, month anc
year hereinbefore first written, in the pres
snce 1l hMessrs. T. Bladon Duffy and EdTunc
k, Maory, competent witnesses, who hav,
hereunto signed these presents, together viii
the SAID appearers and me, notary, after tu,
reading OF the whole
Original signed:
r. J. FoSley, = shares; W. A. Scott,
snates; Arthur Caire, NJ. D., shares; Johr
Mathers, shares; J. P. Schaeffer. "a shsres
Charles Csnt A. Thiel, J1, p shares; VIM. [
Ilark, gr. shares; J. d. Kitchen shareg
LOUIS seller 4 shares; Adam Lorch. Tr,, ;
shares; W; o. Hudson. u shares; Steve Mel
nnger; : shraes; Adam Lorch, Sr., y shares
shares. IL " ouse''
Witnesses:
z. BLADON DUFFY.
+. R. MABRY
w. Mel, FAYSSOUX. Not, P,,b
l; the undersigned recorder of mortgage +,
and Tor the parish of Orleans, state az To,,;s
ana do hereby certify that the above an
6f9r1egolng 6i1 act of Incorporation of the Satell;
oil company was this day duly recorded /;
my office in book ll27, folio
New Orleans, La, June q, 1914
EMILE J. LEONARD.
- Deputy Recorder of Mortoag,s
certify the above and foregoing 10 he
true and correct copy Of the original cb5~..
OF record and file in nv Office -''''' '
New Orleans, June d. 1914
| NSeaL) W. Mel. FAYSSOUX.
;,Iv O x ,, n ~ Not Pub.