The herald., 1914-06-25
JAMES 5. Jaime and OTHERS.
CHARTER OF THE RUTH OIL AND
REALTY COMPANY.

State OF LOUISIANA, City OF New Orleans, Par
Sh Of Orleans.
month Of May, in the year one thousand nine
| hundred and fourteen NglG, before me
! ARTHUR b. LEOPOLD, a notary public, II
! and for the Parish Of Orleans, State of Louisi.
ana, duly commissioned and qualified, and in
| the presence OF The witnesses hereinafter
named and undersigned, personally came and
| appeared the persons whose names are here.
unto subscribed, all above the full age OF
| majority, who severally declared that, avail
| ing themselves of the general laws of the
! State of Louisiana relative TO the organization
| Of corporations, they hereby form themselves
| into and constitute corporation for the OBJ
| jects and purposes and under the stipulations
hereinafter set forth:
Article l. The name and title of the cor
| poration hereby formed is declared 20 be THE
RUTH OIL AND REALTY COMPANY. Its
| domicile shall be in the city of New Orleans,
State of Louisiana, and it shall have and en-
| JOY succession by its corporate name TOR a
| the date hereof. This corporation shall have
| power and authority to contract, sue and be
sued in its corporate name, to make and use
! a corporate seal, to hold receive, hire and
| purchase real and personal property and 10
| sell, mortgage or pledge the same, and TO Dor
row money and issue bonds, notes and other
obligations.
All 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 officer in New Orleans,
Article H. The objects and purposes for
which this corporation IS organized and the
..,r~r or the business 10 be carried on by It
are hereby declared to be: To purchase or
otherwise acquire, erect, construct, equip, i'm
prov, extend, work, develop, operate, MAIN
tain, own, repair, control, sell, lease or other
wise dispose OF water rights, reservoirs, dams,
canals, tunnels, bitches, fumes, drainage
systems, controlling works, power plants and
irrigation works or plants, OF whatsoever kind
or nature, for the purpose of irrIgating lands,
retaining submerged lands, or storing wat
ers, and the draining and conveying of wat
ers from one place or places to another place
or places.
To develop mineral oil lands, lay pipes to
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
cut of the State of louisiana, and for these
purposes 1t shall have power to buy, sell and
lease gas and oil lands, erect buildings, to
bore wells, to purchase, erect and operate
machinery, to borrow money, to buy, make,
operate, lease and rent tank cars and tanks,
and to do all things necessary, requisite or
convenient to carry out the purposes above
set forth, as 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
sonal or mixed, and to survey, subdivide,
plat, improve and develop irrigated, SUB
merged and other lands for the purpose OF
sale or otherwise, and to do and perform all
things needful and lawful for the development
and improvement of the same for agricultural,
planting, cattle raising, residence, trade and
Article III. The capital stock of this cor
poration is hereby fixed at the Of fifty
thousand dollars, divided into and represent
ed by FIVE hundred 600 shares of the par
value of one hundred dollars (Sl00.OO) each.
Said stock shall be paid for in installments
OF such amounts and at such times as the
board OF directors may uetermine, but any
NJ art NJ odd he I'D
by said board of directors at not less than
par in payment OF labor done property
actually received by saiu corporation.
This corporation shall commence business
and be a going concern as soon as three
thousand dollars (S5OOO.OO of its capital stock
shall have been subscribed for and this char
ter signed and executed by the incorporators.
Article ~. All the corporate powers OF this
corporation shall be vested in and exercised
by board OF three 90 directors, TO be COM
posed of stockholders, two (2) OF whom shall
constitute a quorum for transacting all busI-
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 fer 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 filled by the re-
malning directors IN the manner provided for
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 Jacob
Israel as president, Isidore Israel as vice
president, and Ruth Israel as secretary treas
urer, who shall hold their Offices until the
fourth Monday 81 May, 1914 or until their
successors are duly elected and qualified
On the fourth Monday in May, 1915 and
annually thereafter, an election for direc.
tors shall be held at the office of the COM
pany under the supervision of two commits
sloners to be appointed by the president, and
the directors then elected shall take their
seats Immediately and shall hold Office until
their successors are duly elected and qualified
Zach board shall elect its own officers which
shall consist OF a president, vice president,
q secretary -treaSurcr; two of said offices NAV
be held by the same person.
All corporate elections shall be by ballot,
and majority of the votes cast shall elect,
and at all stockholders meetings held for
any purpose, each share of stock Shall be en-.
titled to one vote, either in person or by
proxy, by the person in whose name same is
registered on the books of the company, and
the board OF directors may close the stock
transfer books for period not exceeding
thirty days before any meeting.
Written notice of stockholders meetings
shall be given TO each stakeholder by the
secretary-treasurer at least ten QO DAYS
prior to elections, by mailing same, postage
prepaid, 10 his last known postoffice address.
Article '. This act Of incorporation may
be changed, altered or modified, or the cor
Poratiou dissolved. with the assent of three
fourths OF the stock present or represented
at any general meeting of the stockholders
convened for that purpos. after 30 DAYS prior
no notice Ct such meeting shall have been given
by publication in one of the daily newspapers
published in the city of New Orleans, by
three publications during said period, and
such changes as may be made in reference to
the capital stock shall pe made in accord
anee with the then existing laws on the sub
ject.