The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-08

4
for such length of time not exceeding the
term OF said leases, as said lessees or gran
tees may determine; to buy and to hold stock
IN any other company or companies that may
I assist this company in its objects and pur-
poses; 10 make and issue notes and certlE-
Gates OF Indc btcdneSS: to name, elect and ap-
point managers, directors and clerks or other
employees to properly conduct its corporate
business and 10 make such bylaws, rules
and regulations as may be found necessary
or desirable for the management and bust
ness affairs Of this corporation, and generally
10 do every other act, matter or thing neCcs-
sary f22r the complete and proper carrying out
OF SAID business
Article 1.-THE domicle Of this corpora
ton shall be in the city Of New Orleans
parish OF Orleans. State OF Louisiana, where
all citation and other legal process shall be
I served upon the president or IN the absence
OF the president. upon the vice president. or
in the absence Of both, upon the secretary
treasurer
Article III.-The objects and purposes of
this corporation are hereby stated and de-
clared to be:
CD To acquire by purchase or lease, or
| otherwise, lands in the Calcasieu Sulphur and
OIL fields of Louisiana, or IN any other loca-
ton IN this state, or elsewhere for the pur-
pose of prospecting for and obtaining oil,
gas, salt, sulphur or other minerals, and to
that end TO drill or cause 10 be drilled oil
wells, or sink, or cause to he sunk shafts for
mining and to buy. lease, or otherwise acquire
drilling rigs or other machinery or apparatus
necessary to fully accomplish said purposes
to market the same u the best advantage.
t1D To engage IN the distribution Of oil
gas, salt, sulphur or other minerals either
produced by this corporation or other persons
or corporations by means Of pipe lines, tram
| ways, railroads, boats, barges or other con-
yCyaUCcs, or TO lease or suitcase all or any
| part thereof % any other persons or corpora
! toms Tor the like purpose, and IN order TO
/ fully carry ont said objects and purposes 10
/ purchase. lease, or otherwise acquire pipe
| lines, tramways, railroads, boats, bargcs, tank
| carN, locomotives, pumping stations, steam
| plants. air plants, and all other machinery,
apparatus and paraphcrnalId necessary or IN
| Cllcutal thereto.
CD To build, construct lease. purchase or
otherwise acquire buildings, machinery and
/ other apparatus Tor refining. smelling, manu-
| featuring. or otherwise working up the pro-
! ducts OF mineral lands either produced by
! this corporation or other persons or cor
| poIatiouS, and 10 refine, smclt manufacture,
or otherwise work up by-produCts OF said
minerals TO operate the said plant aud market
the products or by-products, manufactured,
TO the best advantage.
90 To carry on such other business appcr-
tanning to OIL, gas, salt, sulphur or other
minerals as may be necessary or desirable,
on such as are. generally engaged IN by a
/ corporation OF this kind.
! Article IV.-Thc capital stock Of this cor
| poratIou Is hereby fixed at TIE sum of eleven
! thousand nine hundred (Sll.9OOOO dollars.
| divided 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 tSloO,OlOO0l dollars
Fifty per cent Of the capital stock Of this
| corporation must be subscribed for before the
| filing Of the articles of Incorporation. The
! subscribed capital stock OF this corporation
| shall be payable in cash, property, real or
| personal for services performed or rend-
| cred; and provided that if the stock is not
! paid for in cash that the law as provided Tor
| IN section Chrce) OF act 257 Of 1914 be in
| all respects complied with.
/ "a he ali
| 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 infOrmalIty in the
ganization have the effect of rendering this
] charter null or Of exposing any shareholder
/ to any liability whatsoever.
| This corporation shall not begin TO do bus
| mess and be a going concern until ten thou
| sand CSlO,GO0O dollars Of the capital stock
shall have been issued and paid for, either
| said. Ii any Of the aforesaid stock of this
corporation is paid for in property in that
event the terms and provisions OF section
shall be strictly complied with. ~ "
| Article F.-All the corporate powers Of this
| corporation shall be vested in and exercised
| by board of directors 20 be composed of
! fifteen stockholders, each OF whom shall own
! in his own right, during his term of office, at
| least one full paid, non-pledged share of
| stock, which shall be shown by his written
| declaration, hVe OF whom snail constitute
quorum for the transaction OF business
| 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 secre-
| tary and treasurer may be held, if desired,
by one and the same person
| The following named persons shall consti-
tute the board of directors of this corpora
| tion, to-wit:
| J. p. Unger, West Point, Miss; ]. II. Car.
ruth Jr., PIT. Allen, La; NJ. X. Pearce, Bo-
gausa.. La; r. P. Stewart. Fulton. Ky; J. L.
Meridian, Mss; J. D. King, Philadelphia,
Miss; ]. G. Woods, New Orleans, La; 7. !.
Martin, Waynesboro, Miss; w. w. Hines,
New Orleans, La; VIM F. Falconer' ,Tanis
Woodward. New Orleans. La; J. A. Bishop,
Biloxi, Miss; w. A. Collins, Hattiesburg
Miss; with J. P. Unger, of West Point, Miss,
as president; ]. L. Billiard, OF Bassic City,
Miss, as president, and w. w. Hines,
of New Orleans, La, as secretary treasurer,
| and these directors and officers shall serve
until the first Monday in July; 1910, or until
! their successors have been duly elected and
qualified.
Thereafter the directors shall be elected
annually on the first Monday in July of each
year, beginning with the year 1916; all cleo:
tions of directors shall be by ballot, and
each stakeholder shall be entitled to one vote
for each share Of stock standing IN his name
on the books of the corporation, this vote to
be cast in person or by proxy, and 1t shall
| require a majority of the stock present or
represented to elect.
| Failure to elect the board of directors on
the first Monday in July, 1916, or annually
there after 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 VI.-The board of directors shall
hold regular meetings at such times as shall
be fixed in the bylaws of this corporation.
These meetings shall be held at the domi-
cile of the corporation, but the president may
! call special meetings of the board OF direc-
. tors at such times as he may deem advisable,
and he shall be required to call such special
meetings whenever requested to do so by
three members of the board of directors
Three days notice of such special meetings
. shall be given in writing to the directors un'
less waiver of notice is signed by the direc.
, tors. Any vacancy occurring on the board
either from death, resignation, or inability
to serve shall be filled by the board of di
. | rectors at its next regular meeting attei
. / such vacancy shall have occurred The hrs
board of directors of this corporation shall be
required to draft suitable bylaws for the
: government of this corporation, which may be
| altered amended or changed as the exlgen
cies of the case may require.
Article VII.-The stock of this corporation
: may be transferred, provided such tTanstei
shall be recorded upon the books Of the cor
poration before it shall be required TO recog
nize the transfer or the new holder of saiC
: stock The total amount of the subscribed
! | stock as herenabove set forth is the sun
| of five thousand nine hundred and nifty
4 | (SS950.O0 dollars, which is hereby authorized
to be issued fully paid and worcestershire