The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-09

| in which event, FIVE shall constitute qusrum
OF 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 corporation,
to,wit: W. A. Collins. Hattiesburg Miss ;
John G., Woods, New Orleans, La; L. II.
E Tree New Orleans, La; Thomas G: Price,
leans, La; W. {. Riggs, Hattiesburg, Miss,
with l.. II. Price, OF New Orleans. Id, as
president; John G. Woods, of New Orleans.
la as ,vice-president; Thomas G. Price, Of
New Orleans, La, treasurer, and ". &.
Riggs, OF Hattiesburg, Miss, as secretary
and these directors and officers shall serve un-
til the hrst Monday in March, 1916 or until
their successors have been duly elected and
qualified
Thereafter the directors shall be elected
annually on the first Monday in March OF
each year beginning with the year 1916; all
elections OF directors shall be by ballot. and
edch stakeholder shall be entitled to one vote
lot each share OF stock standing in his name
on the books OF the corporation, this vote
10 be cast III person or by proxy, and it shall
require majority Of the stock present or rep
resented to elect.
Failure to elect the board Of directors on
the nrSt Monday in March. 1910, or annually
thereafter shall not work a forfeiture OF this
charter, but the old board Of directors shall
remain IN office until their successors are
elected and qualified.
Article o. The board of directors shall hold
regular meetings at such times As shall be
hNed III the bylaws Of this corporation. These
meetings shall be held at the domicle Of the
corporation, but the president NAV call spc-
Cldl meetings OF the board OF directors at
such times as he may deem advisable and
ne snail be required to call such special meet
IhkS whenever requested to do 50 by three
members OF the board OF directors Three
Gays notice OF such special meetings shall
be gwen IN writing to the directors unless
waiver OF notice is signed by the directors
ANY vacancy occurring the board either
from death, resignation, or inability to serve
shall be hlled by the board OF directors at
ITS next regular meeting after such vacancy
snail have occurred. The first board of direc-
tors OF this corporation shall be required to
draft suitable bylaws for the government of
this corporation, which NAV be altered
amended or changed the exigencies Of the
case may require.
Article The stock of this corporation may
be transferred, provided such transfer shall
he recorded upon the books of the corporation
before 1t shall be required to recognize the
transfer or the new holder of said stock The
total amount OF the subscribed sock as here
inabove set forth is the sum OF ten thousand
one hundred and sixty-four $50, l6+OOD dol
lars, which is hereby authorized to be issued
fully paid and worcestershire, for cash
Article 8.-This 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
meeting OF the stockholders held for that pur-
pose after prior notice in writing to each
stakeholder or mailed TO him at his last known
post office address, all in accordance with the
terms of Act 267 of 1914
Article AT the expiration of this char
ter, or the earlier dissolution of this corpora
ton Tor any cause, ITS affairs shall be liqu-
dated by one or more liquidators to be elected
by the stockholders, all of whom shall hold
stock in said company and said commits
sIOners are hereby vested with full power
and authority to hquidate the affairs of said
company, with full power TO act under the
terms of Section 20 (thirty) of Act 267 of
1914
Article l0.-The appeaicrs hereby declare
that they have subscribed TO the following
number of shares of the capital stock of this
corporation, to-wit:
W. A Collins, Hattiesburg, Miss, fourteen
hundred and twelve shares; John G. Woods,
New Orleans, La, ten shares; l. III. Price.
New Orleans, La, ten shares; Thomas G.
Price, New Orleans, La, ten shares; W. W.
Hines, New Orleans, La, five shares; w. c.
Riggs, Hattiesburg, Miss, five shares.
Thus done and passed, in my office, in the
city of New Orleans. on the day, month and
year FIRST above written, in the presence OF
Arthur F. Portas and William K. Burns, COM
petent witnesses, who have signed these pres
ents, after due reading of the whole.
Original Signed: W. A Collins. fourteen
hundred twelve shares; W. w. Hines, five
shares; L. II. Price, ten shares; .Jno. G.
Woods, ten shares; ThoS. G.. Price, ten
shares; W. {. Riggs, five shares. Witnesses:
Arthur Z. Portas, William X. Burns.
JOHN X. UPTON.
STAMP Not Pub.
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 Mu-
tSsl Drilling Company, Incorporated. this
day duly recorded in my office, in book ll57,
folio -. New Orleans. Aug. Is, 1915.
(Signed) EMILE J. LEONARD, by. r.
a true copy.
New Orleans, La, August IS, 1915.
JOHN X. UPTON, Not Pub.
aug % sep 2 9 10 q 30