The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22

on the shares of stock subscribed for by him,
nor shall any mere informality in the or
| ganzation have the effect of rendering this
| charter null or of exposing any shareholder
| to any liability whatsoever
| This corporation shall not begin 10 do bus
! mess and be a going concern until ten thou
! sand (Sl0,OO0O0) dollars OF the capital stock
! shall have been issued and paid for, either
/ IN cash, services or IN property as afore-
said. If any of the aforesaid stock OF this
I corporation is paid for in property in that
event the terms and provisions of section ?
I (twol of paragraph &C" of act 267 of 1914
shall be strictly complied with.
/ Article Van the corporate powers of this
/ corporation shall be vested in and exercised
. by a board of directors 10 be composed of
I fifteen stockholders each of whom shall own
I in his own right, during his term of office, at
least one full paid, non-pledsed share of
! stock, which shall be shown by his written
declaration, FIVE OF whom shall constitute a
/ 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
ton, to-wIt:
!. P. Unger, West Point, Miss; J. H. Car
ruth, Jr. Pt Allen, La; NJ; X. Pearce, Bo-
Bullard, Bassc City, Miss; Frank Heiss,
Meridian, Miss; J. d. King, Philadelphia,
! Miss; J. G. Woods, New Orleans, La; F. l..
N Nsw 6sasy Ia VIM Mi F. Fsconsr Tuns
La; {. \. Davis, Collins, Miss; NJ. T.
| Woodward, New Orleans. La; J. A. Bishop.
! Biloxi, Miss; W. A. Collins, llattiesburg,
! Miss; with J. p Unger, Of West Point, Miss,
/ as president; J. L. Billiard, OF Bassic City,
| Miss, as vice-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, 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
| tons of directors shall be by ballot, and
! each stakeholder shall be entitled to one vote
! for each share of stock standing in his name
! be cast in person or by proxy, and il 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, 1910, 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 NI.-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-
I cle 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 I'M
| less waiver OF notice is signed by the direc-
! tors. Any vacancy occurring on the board
| either from death, resignation, inability
to serve shall be filled by the board of di-
| rectors at its next regular meeting after
such vacancy shall have occurred. The first
| 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 the exigen-
\ cies of the case may require.
| Article NII.-The stock OF this corporation
may be transferred, provided such transfer
! shall be recorded upon the books of the cor
I poration before it shall be required to recog-
nize the transfer or the new holder OF said
PstOck. The total amount of the subscribed
stock as hereinabove set forth is the sum
| of FIVE thousand nine hundred and fifty
| (S5,950.0O) dollars, which is hereby authorized
! to be issued fully paid and worcestershire,
Article VIII.-This charter may be mod-
/ fed. altered, the capital stock thereof in
| creased or decreased, or the corporation may
| be dissolved with the assent OF two-thirds Of
| the capital stock present or represented at
| any meeting OF the stockholders held for that
| purpose after prior notice in writing to each
/ stakeholder or mailed TO aim at his last known
I post Office address. all in accordance with
| the terms OF act 267 of 1914.
| Article lN.-At the expiration of this char
| ter, or the earlier dissolution Of this corpor-
alton for any cause, its affairs shall be liqui-
| dated by one or more liquidators to be elect
ed by the stockholders, all of whom shall
| hold stock in said company and said COM
mssioners are hereby vested with full power
and authority TO liQuidate the affairs of said
! company with full power to act under the
terms OF section 30 (thirty) Of act 267 of 1914.
Article N.-The appearers hereby declare
| that they have subscribed to the following
number of shares of the capital stock of this
corporation, to-wit:
| l. p Unger, West Point. Miss, ten shares
| F: H.: Carruth, IT,, PIT. Allen, La, ten shares;
| X. p. Stewart, Fulton, Ky, one shares J. L.
| Bullard, Bassic City, Miss, five shares; J. ID.
| King, Philadelphia, Miss, five shares; J. g..
Woods, New Orleans, La, one share; w. w.
| Hines, New Orleans, La, eight hundred and
one shares; VIM. F. Falconer, Tunis, La, five
| NJ. I. Woodward, New Orleans, La, one
] share; ]. A Bishop, Biloxi, Miss, one share
w. A. Collins, Hattiesburg, Miss, one share.
| 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
\ St. Clair Adams and Arthur P. Portas, COM
petent witnesses, who have signed these pres
! ents, together with the said appearers and
me, notary, after due reading of the whole.
Original signed: Names OF subscribers
| omitted. Witnesses: St. Clair Adams, Arthur
| P. Portas
JOHN r. UPTON, Not. Pub.
! I, the undersigned recorder OF mortgages in
| and for the parish of Orleans, state of Louisi-
! ana, do hereby certify that the above and
/ foregoing act of Incorporation of the Ken
] lucky Drilling Co., Inc, this day duly
recorded in my Office, in book lls7, folio -.
New Orleans, June IS, 1915.
(SignedD EMILE J. LEONARD, by. R.
New Orleans, La, June IS, 1915: $4,000,
JOHN K. UPTON,