The herald., 1914-12-17

year, beginning with the year lYlS; all eiec'
tlons OF directors shall be by ballot, and each
stockholder shall be entitled TO one vote tor
each share OF stock standing IN has name on
the books OF the corporation, this vote TO be
cast in person OF by proxy, and 1t shall re
quire 4 majority OF stock present or repre-
Sentrd to elect.
Ihe failure 10 elect the Board Of Directors
on the first Monday in April, 1915, or annual.
" thereafter, shall not work forfeiture OF
this charter. but the old Board OF Directors
shall remain IN office until their successors
are elected and qualified.
Article NI-The Board OF Directors shall
hold regular meetings at such times as shall
be fixed III the bylaws OF thIS corpoTatlon
These meetings shall be held at the domIcile
Of the corporation, but the President may call
special meetings OF the Board of Directors al
such times he may deem advisable, and he
shall be required to call such special meetings
whenever requested TO do 50 by three mem,
herS of the Board OF Directors. Three days
notice OF such special meetings shall he given
IN writing To the directors, unless waiver OF
notice Is signed by the directors. Any vacan-
Cy occurring on the board, or among the Off
GERS, either from death, resignation, or lnabil.
ity to serve. shall be filled by the Board OF
Directors at its next regular meeting after
such vacancy shall have occurred. The first
board OF directors OF this corporation shall be
required TO draft suitable bylaws for the
government OF this corporation, which may be
altered. amended changed the exigen
CIes of the may require
may be transferred. provided such transfer
shall he recorded upon the books OF the cor.
poration, before 1t shall be required to recog
ME the transfer OF the new holder of SAID
stock. The total amount of the subscribed d
stock, as hcreinabove set forth, is the sum
OF Seven Thousand Five Hundred (S75OO.OJ]
Dollars, which Is hereby authorized 10 be Is.
sued, fully paid and non assessable. for cash
Article Nlll-IhiS charter may be modified
or altered, the capital stock thereof increased
or decreased, or the corporation may be dis.
solved with the assent OF twO-thIrds OF the
capital stock present or represented at any
pos. after prior notice IN writing TO each
Stockholder or mailed 10 him AT his last
known post office address. all in accordance
with the terms OF Act 2o7 of 1914
Article lN.-At the expiration Of this char.
ter, or the earlier dissolution of this corpora.
ton for any cause, its Affairs shall be liquid
ated by one or more liquidators to be elected
10y the stockholders, all of whom shall hold
stock in said company and said commission.
erS are hereby vested whit full power and au.
thority to llquidate the affairs of said com
pany, with tull power TO act under the terms
OF Section 20 OF Act 2o7 of 1914
Article N.-The appearers hereby declare
that they have subscribed to the following
number OF shares OF the capital stock of this
corporation. to-wit: 7. II. Gooch, Hattiesburg
Mississippi, Nine (D shares; W. H. Harris
tiattiesburg. Mississippi, Five (0 shares; Geo
II. Carter. Hattiesbury. Mississippi, One Oi
share; B; $ Hood. Bond, Mississippi, Ten OOl
Nil"IVo' N. y. bdNlS, fGTklnStOn, MlSSlSSippl
SIX (b) shares; W. a. Collins, Hattiesburg
Mississippi. Five CS) shares; W. W. Hines
Malson Blanche Bldg. New Orleans, La
Seven Hundred and Thirteen Gl0 shares.
Thus done and passed, in my office, in the
city OF New Orleans, the day, month and
year tirst above written, in the presence OF
NJ. Clair Adams and Joseph Hocke. competent
witnesses, who have signed these presents to-
gether with the said appearers and me, no
tary, after due reading Of the whole
Original signed) ST. Clair Adams, Joseph
IIocke.
T. III. Gooch (per w. a. Colins). Nine
shares; w. w. Harriss (per W. A. Collins)
Five shares; George II. Carter (per W. A Col
linsl. One share; B. s. Hood (per W. A. Col
linS), Ten shares; r. y. Davis (per w. A
Colins), Six shares; w. A. Collins, Five
shares; W. W. Hines, Seven Hundred and
Thirteen shares.
Francis +. Burns, Notary Public
l, the undersigned, Recorder of Mortgages
IN and for the Parish of Orleans State OF
LOUISIANA, do hereby certify that the above
and foregoing act of Incorporation of the
United Drilling Company, incorporated, was
this day duly recorded in my office in Book
ll27, Folio -
New Orleans, December 18th, 1914.
Emile Leonard, d. X.
A true copy. Francis p. Burns, Not. Pub.
dec Il - 81 jan J II p