The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-11

~ To acquire by purchase or lease, or other.
wise, lands in the Calcasion SULPHUR and Oil
nelds OF Louisiana, or in any other location
81 tIIs stare, or elsewhere, for the purpose OF
s,,Inp Tor and Obtaining oil, gas, salt,
sulphur or other minerals, and TO that end TO
UNI or cause to be drilled oil wells, or sink,
OF cause be sunk shafts for mining and 10
ouy, lease, or otherwise acquire drilling rigs
Iully 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
sdlt, sulphur or other minerals either produced
by inns corporation, or other persons or cor
poratlons by means of pipe lines, tramwavs,
railroads., boats, barges or other conyeyances
OF 10 lease or suitcase all or part thereof
~ any other persons OF corporations for the
IKE purpose, and in order to fully carry out
SAID objects and purposes TO purchase lease, or
other"iSe acquire pipe lines, tramways, rail-
roads boats, barges, tank cars, locomotives.
pumping stations, stem plants, air plants, and
an other machinery, apparatus and parapher-
malta necessary or incidental thereto
IS) 10 build, construct lease, purchase or
otherwise acquire buildings, machinery and
ether apparatus for refining smelling, manu-
featuring, or otherwise working I'D the pro-
ducts of mineral lands either produced by this
corporation or other persons or corporations,
and 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, 10 the best
advantage.
az To carry on such other business apper-
tanning to oil, gas, salt, sulphur or 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 Sl0OO,OO0.OO) Dollars
Fifty per cent of the capital stock of this
corporation, must be subscribed for before the
hling 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 provided for in
Section (three) 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 on the
shares of stock subscribed for by him nor shall
any mere intormailty 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 a going concern until Ten thous-
and (Sl00O.00) Dollars of the capital stock
shall have been issued and paid for, either in
cash, services or in property aforesaid. II
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 S.-All the corporate powers of this
corporation shall be vested in and exercised
by board of directors to be composed OF
eleven stockholders, each OF whom shall own
an his own right, during his term of Office, al
least one full paid, non-pledged share of stock
which shall be shown By his written declara
Cix pf hp, hall
| 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 a qourum.
The officers of this corporation shall consist
| of a president, vice president, secretary and
| treasurer. all of whom shall be members OF
| the board of directors, the offices of SECRETARY
! and treasurer may be held, if desired by on,
| 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
| n. Pharr, Oliver, La; T. T. Attebury, Grow
! ley, La; N f. Collins, Lafayette, La; W.
Morgan, Lafayette, La; Emile Simon, Ne"
| iberia, La; Luke Trainer, New Iberia; La
New Iberia, La; J. A. Bishop, New Orleans
! La; w. w. Hines, New Orleans. La; will
II. n. Pharr, as President: I. I. Attebury, a:
Vice President, and w. w. Hines, as secre
| tary -treasurer and these directors and ofhcer'
| shall serve until the first Monday in June
| 1915, or until their successors have been duly
| elected and qualified.
| Thereafter the directors shall be elected
| annually on the first Monday in June of eaci
wear beginning with the year 1915; all elec
| tions of directors shall be by ballot, and eaci
| stakeholder shall be entitled to one vote 70
| each share of stock standing IN his name OF
| the books of the corporation, this vote TO b
| cast in person or by proxy, and 1t shall re
Quire majority of the stock present or repre-
! scented to elect.
The failure to elect the board of director
OH the first Monday in june, 1915, or annuall.
thereafter shall not work forfeiture OF thu
, charter, but the old board of directors shall
main in Office until their successors ar
elected and qualified.
Article 6-The board of Directors shall hol
| regular meetings at such times as shall b
| fixed in the bylaws of this corporation. Ihes
meetings shall be held at the domicile OF tn
corporation, but the president may call spec
ial meetings of the board of directors at sue
times as he may deem advisable, and he sha
be required to call such special meeting
whenever requested to do SO by three member
of the board of directors. Three days motto
of such special meetings shall be given l
writing to the directors unless waiver OF nc
tice is signed by the directors. Any vacanc
occurring on the board either from dealt
resignation, or inability to serve she'll be nj
ed by the board of directors at its next req
: lar meeting after such vacancy shall have o.
cured The first board of directors of tn
J corporation shall be required to draft suitab
bylaws for the government or this corpor;
| ton, which may be altered, amended {
changed as the exigencies of the case may r.
quire.
Article THE stock of this corporation ma
be transferred provided such transfer shall
| recorded upon the books of the corporation D.
, fore it shall be required to recognize the tran
. fer or the new holder of said stock. III
total amount of the subscribed stock as her
, inabove set forth is the sum of Five thou
, and nine hundred and fifty S5,9SOOO) Dollar
which is hereby authori zed to be ISSUED full
/, paid and nom assessable, for cash.
Article S-This charter may be modihed,
, altered the capital stock thereof increased
decreased, or the corporation may De oi
solved with the assent of two-thirds OF u
5 Capital Stock presented or represented at ar
meeting of the stockholders held for that pu
5 pose after prior notice in writing to each stoc
, holder or mailed to him at his last KNOW
post Office address, all in accordance with u
terms of Act 267 of 1914.
r Article 9.-At the expiration of this charte
5 or the earlier dissolution of this corporate
E for any cause, its affairs shall be iiquidats
by one or more liquidators to be elected
| the stockholders, all of whom shall hold stoS
in said company and said commissioners a
, hereby vested with full power and autnori
| TO liuuidate the affairs of said company, WI
full power to act under the terms OF oecti'
40 (thirty) of Act 267 of 1914.
Article l0.-The appearers hereby aecla
that thew have subscribed to the tollowii
number of shares of the capital stock OF IN