The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-18

be:
lD To acquire by purchase or lease, or other
WISE, lands IN the Calcssion Sulphur and Oil
helds of Louisiana, or in any other location
IN this State, or elsewhere, for the purpose of
prospecting for and Obtaining OIL gas, salt
sulphur or other minerals, and to that end to
urill or cause to be drilled oil wells, OF sink,
or cause be sunk shafts for mining and TO
Duy' lease, or otherwise acquire drilling rigs
OF other machinery apparatus necessary to
luLy accomplish said purposes; and if oil or
other minerals are found then to market the
same to the best advantage
~ 10 engage in the distribution of oil. gas.
SAT-, sulphur OF other minerals either produced
by TINS corporation, or other persons or cor
porations by means of pipe lines. tramways,
railroads, boats, barges or other cOnveyances,
or to lease suitcase all or part thereof
20 any other persons on corporations for the
IKE purpose, and in order 10 fully carry out
SAID objects and purposes 10 purchase, lease or
otherwlSe acquire pipe lines, tramways, rail
roads, boats, barges, tank cars, locomotives.
pumping stations, stem plants, air plants, and
All other machinery, apparatus and parapher-
nalla necessary or incidental thereto.
20 10 build, construct, lease, purchase or
otherwlse acquire buildings, machinery and
other apparatus for refining, smelling, manu-
featuring, or otherwise working up the pro-
ducts OF mineral lands either produced by this
corporation or other persons or corporations,
ana TO refine, smelt, manufacture or other
wise work up by products of said minerals to
operate the said plant and market the products
or by-products, as manufactured, to the best
advantage.
a. To carry on such other business apper-
taiiing to oil, gas, salt, sulphur other min
erals as may be necessary or desirable, or
such as are generally engaged in by cor
poratiOn of this kind
Article 4.-The capital stock of this corpora
ton is hereby fixed at the sum of Eleven
thousand nine hundred Sll, 10000 Dollars. di-
Vlded into seventeen hundred shares OF the
par value of Seven Dollars each; provided that
the amount to which the capital stock of this
corporation may be increased shall be One
hundred thousand Sl0OOUOOO Dollars
Fifty per cent of the capital stock of this
corporation must be subscribed for before the
ming of the articles of Incorporation. The
subscribed capital stock of this corporation
shall be payable in cash, property, real or
personal or for services performed or render.
ed; and provided that if the stock IS not paid
for IN cash that the law as provided for in
Section 3 Uhree) of Act 267 of 1914, be in all
respects complied with.
No stakeholder shall ever be held liable or
responsible for the faults, contracts or debts
of this corporation in any further sum than the
unpaid balance due the corporation the
shares of stock subscribed for by him shall
any mere informally in the organization have
the effect of rendering this charter null or Of
exposing any shareholder toany liability
whatsoever.
This corporation shall not begin to do bust
ness and be going concern until Ten thOus-
| and (Sl0,OO0O) Dollars of the capital stock
| shall have been issued and paid for, either IN
| cash, services or III property as aforesaid. 1t
| any of the aforesaid stock of this corporation
| is paid for in property IN that event the
! terms and provisions of Section (two) Of
| Paragraph co. of Act 267 OF 1914 shall be
, strictly complied with.
Article 5-All the corporate powers Of this
! corporation shall be vested IN and exercised
| by a board of directors to be composed OF
| eleven stockholders. each of whom shall own
in his own right, during his term Of office at
least one tull paid, nonpledged share OF stock
which shall be shown BY his written declara
! ton, six of whom shall constitute a quorum
| for the transaction of business. Provided the
| Board of Directors shall have power to IN
creased, in their discretion, the number OF d.
rectors from eleven to fifteen, IN which event
eight shall constitute qourum.
The officers of this corporation shall consis
| of a president, vice-president, secretary ant
treasurer. all of whom shall be members OF
the board of directors, the Offices of SECRETARY
and treasurer may be held, If desired by ont
! and the same person.
The following named persons shall consti
tute the board OF directors OF this corpora
ton, to-wit: L. S. Berry, Dallas, Texas; II
4 n. Pharr Oliver, La; T. I. Attebury, Crow
ley, La; \. f. Collins, Lafayette, La. W; d
Morgan, Lafayette, La; Emile simon, New
Iberia La; Luke Trainer, New Iberia, La.
c. B. Lindsey, Fullerton, La; Frank Blanc
New Iberia, La; J. A. Bishop, New Orleans
La; w. w. Hines New Orleans. La; viii
H. y. Pharr. as President; T.. I. Attebury'
tary-treasurer. and these directors and ofhcer
shall serve until the first Monday IN June
1915. or until their successors have been dui
elected and qualified.
annually on the first Monday in June OF eac
wear beginning with the year 1915 all cleo
lions of directors shall be by ballot, and eac
! stockholder shall be enrrtled to one vote to
\ each share of stock standing in his name o
the books of the corporation, this vote TO b
cast in person or by proxy, and II shall Il
quire a majority of the stock present or repre-
scented to elect.
1 ola ,l,a of
on the first Monday in June, 1915, or annual
= thereafter shall not work forfeiture OF TN
J charter, but the old board OF directors sha
main in office until their successors al
a elected and qualified.
Article 6.--The board of Directors shall hol
y regular meetings at such times as shall
$ fixed in the bylaws of this corporation. lhes
: meetings shall be held at the domicile OF Il
. ! corporation, but the president may call spe
e ial meetings of the board of directors at sue
e times as he may deem advisable, and he sha
e be required to call such special meeting
j whenever requested TO do so by three membe
J. of the board of directors. Three days notI
/. I of such special meetings shall be gwen
d writing to the directors unless waiver OF n
:, tce is signed by the directors. Any vaSan'
:, occurring on the board either from deaf
= resignation. or inability to serve she'll be nj
% ed by the board of directors at its next reg
lr lar meeting after such vacancy shall nave o
10 Cured The first board of directors OF III
IS corporation shall be required to draft suitab
? bylaws for the gOvernme mt OF this corpor
ton, which may be altered, amended
r changed as the exigencies OF the case may
X quire. -
y be transferred, provided such transfer shall
y recorded upon the books of the corporation
re fore it shall be required to recognize the traT
De fer or the new holder of said stock. L
lie total amount of the subscribed stock as heI
u, inabove set forth is the sum OF Five thor
y and nine hundred and fifty tS5;95oool Dolla
al which is hereby authorized to be ISSUED iu'
S, paid and nom assessable, for cash. 49, ,
or Article S-This charter may be modlhed;
i, altered, the capital stock thereof increased
I'd decreased or the corporation may De q
id solved with the assent of two-thIrds OF |
as Canital Stock presented or represented at a
t. Meeting Of the stockholders held for that p'
IS nose after prior notice in writing to each sto'
III holder or mailed to him at his last kno'
id most Office address, all in accordance with
e. terms of Act 267 of 1914.
er Article 9.-At the expiration OF this cnatt
IS or the earlier dissolution OF TINS c9rporau
re for any cause, its affairs shail oe iiquIuH
d. by one or more liquidators to De eleC,eu
s, the stockholders, all of whom shall hold ste
to IN said company and said commission
to hereby vested with full power and author
ny TO liouidate the affairs of said company W
n full power to act under the terms OF Sect
a. 40 (thirty) of Act 267 of 1914. -,
II Article IO-The appearers hereby. 1ecl.
nd hat thew have subscribed to the follow
nnn,ber Of shares of the capital stock OF {
on hummer u
~