The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-01
CHAR TER

. U-.-eG states o: America. state .: Louisiana.
ta-.s- q Orleans. Cry or New Orleans.
Be ~ S,,5wa. that on ,ais. 2.s5 day. q the
month o.: Nay 4 the year q our Lord. nine
teen l--t-et and -t--e-. and @: TIE lcte-
. yerls1-e u: the United States u America.
lie .-- --- ~ and thirty ninth, before ne,
Charles F. E-eL-I--Ee-. -1-a-y public, duly
-11---Ess .1--t and qualified. n and t1- the
PARISH = Orleans, s-a-e = Louisiana, therein
residing. and ~ the presence Of the Nlr--ss-s
hereinafter named and undersigned. person
ally same and APPEARED tle severn. persons
E1gse names are Ee-=---0 subscribed. Mo
seye-l..g declared that ava...-g themselves
Z . me avs - tlls STATE N s1rI cases made
ard provided. they have c1vzra-cet. and d
; by these presents covenant, agree and 5.1d
themselves. as veil as s--C persons may
hereafter become ass9--l-ei w.-h them, 70
{ Term and constitute q c1-gc-atal0u and body
polite n law To- th- objects and purposes,
ard under re terms aud conditions follow
| Article This corporation shall be known
I by The name Lake E-i o.. Company, las"
and a. s-cI snail have Continuous succession
[ ;3- nl1ery-nsre years. unless sooner DIS
solved. and shall lavs power 20 sue, and %
9 sued. % acquire ard hold by purchase,
ease Or otherwise, property real and Personal
movable, I-1-ova-.= and mixed, and TIE sane
. sell, lease. mortgage. pledge. LyCorhecate
{ n otherwise Z spose = n any and every
manner wlzts1cv--, . draw. make and Ell
-oEse 7i-.s q ex51l1s= @1t P-o5r.ssory notes,
ard % issue bonds; % elect and appoint such
l1-Ce-s, -sc-lEs and agents as tie interests
I q the corporation shall require, and to make
[ all necessary bylaws and regulations for the
( sane 20 alter, amend Or -epea. a. pleasure :
and generally 70 exercise all powers that are
conferred o. corporations, organized fo- the
| purposes hereinafter stated
/ Article 1.-The dC-,cl.e Q; this cc-porz-
/ ton shall &c a. New Orleans II the parish OF
/ orleans, sta-= Of LOUISIANA; and al citation
| and cthe- legal process shall DC served on the
+ president CT this corporation, or in the event
0 u 49,
n the event OF the absence OF both Of the
above named cr1ce-s, on the sec-etary-treas-
u-er. a. the once CT tie company. Or II the
event OF the absence Of al Of the above, upon
| Art.ele III.-The objects and purposes for
Thtcl this corporation - organized and the
nature Of the business 70 Be carried on By
[ II, are hereby declared 70 be as follows,
to-wIt:
/ Ts buy. sell, lease, rent, hold and other
! wise deal n, and enter into contracts re-
/ sartigs lands Of every description; 70 pros
/ pect ;or, nine produce and redre all kinds
/ Of minerals; 20 prospect and explore for, and
| slrk wells for the production OF fuel, lubrI-
eating Illuminating. and all ether kinds OF
oI.s, and to- the ProduetIon Of gas in the
| state CT louisiana, AID II other parts OF
/ the United States. and in foreign countries :
/ to buy, sell and trade II all kinds of oil and
gas, and other mineral products IN the state
! q louisiana and II other parts OF the
/ United States, and IN foreign countries:
/ 20 erect structures OF every nature Whztso-
ever, Including oil tanks ard buildings for
| the purpose OF refining or otherwise treating
/ all kinds OF oil and other mineral products;
/ 70 buy, sell, own. hold, lease and operate
/ lands, pipelines, railroad spurs, or switch
/ tracks, warehouses, telephone and telegraph
mes oarges and other water crafts OF every
| description, Incidental 70, or ia conjunction
/ With any Of the powers and purposes herein
| above set forth. and generally 20 carry on any
/ operations, and engage II any business in
| furtherance OF the foregoing. not inconsistent
I ~ Is
o. OF the United States
Article IN.-The capital stock Of this coz
poration IS hereby fixed at s3o,lOOOo divided
| into and represented BY three hundred shares
Of the par value Of $1,000 each The amount
/ OF capital stock may be increased to $4,000
| by vote Of tvo-thIrds of all outstanding
stock, and according to the laws OF the state
| OF louisiana
! All subscriptions shall be paid for in cash.
| property or services, AZ such time that the
/ board OF directors shall require, and the laws
OF THIS state provide The corporation shall
/ begin to DO business, when $4,000 OF the
| capital stock has been subscribed for, 80 per
| cent paid. and the remainder of the authorized
stock shall be issued az such time, and upon
/ such terms and conditions as the board of
1 directors shall determine
| No shareholder Of this company shall, At
! any time, offer his stock for sale either pri.
/ yately or IN the open market, without having
previously offered 70 sell such stock az the
lowest price he IS willing 70 ACCEPT therefor
/ 20 the other shareholders OF the company bv
means OF a written communication, addressed
| 70 the ra1klng orneer Of the company, present
/ lowing manner, to-wit:
Sucd ranking otncer upon recent OF such
communication shall forthwith instruct the
secretary TO mail within ave days Of the
date OF such Offer notice ADDRESSED TO .zch
sharehoIder OF The company, stating the
number Of shares 50 offered. and the price
thereof. and calling upon each shareholder
70 signify IN writing within three DAYS OF
the receipt Of such notice how much OF said
stock, II any, he desires 20 purchase at said
price Should the total number OF sha-es
which the various shareholders signify their
desire 70 purchase, N reply 20 such notice
exceed the number Of shares offered for sale
the shares offered shall be distributed among
the prospective purchasers in such proportio1
as the number or shares that each shareholder
signifies his desire to purchase bears 70 the
total number OF shares for which there are
prospective purchasers; should the number Of
shares offered for sale exceed the total NUM-
Der o. shares which the various shareholders
signify their desire to purchase, the oferer
snail Be at liberty TO dispose Of such excess
N SUCH manner as he shall see 1T provided
mat tAe price at which he sells such stock
to the other shareholders
AL transfers Of stock shall be made on she
BOOKS OF the company, and no transfer shall
IN any way DC binding upon the corpora
above described manner.
Eaeh share OF stock shall e1title the owner
thereof, either IN person or by proxy, to cast
one vote AZ all meetings of the stocthold--s
Article N--The officers of this Corporation
snali DC president, = ee-presideut and a
secretary treasurer.
The powers of this corporation shall h.
vested IN and exercised by board Of direc-
tors, composed Of the three above mentioned
cneers, and four other shareholders Thrre
directors shall constitute cuorun for n.
transaction % all business.
The officers and the board Of di-.ero-.
hereinabove provided for shall be eircr.5
annually At a meeting Of the shar-hold-rs
70 DC held On the second Monday in NAV. uot
a legal holiday, in the year 1916, and in ezch 1
and every succeeding year thereafter. after
htteen days notice IN writing. nailed 70 eaeh i
Shareholders last known address. ard srrl
oncers and board Of directors shall se-v-
until their successors shall have been elected |
and qualified
Special meetings Of the SHAREHOLDER, nav
Dc held, AZ the request of 4 SHAREHOLDER or
whose holdings smount 20 AZ
least 3 per cent Of the outstanding strok- ar
By the order Of the board Of directors. on
their ovn voiition, after fifteen days notice
n writing. as above provided, stating the
object Of such meeting
Any vacancy in the officers OF IN the board
Vt directors, arising from any cause What.
'oevef, shall be SLED for the unexpired term
y. the remaining directara
Any director Who nay be absent from the
'gDstn any sharehslder ef tie company . =