The herald., 1915-01-28

he.
(D To acquire by purchase or lease. or other.
gISS, lands IN the Calcasion Sulphur and Oil
helds OF Louisiana. or in any other location
IN this State, or elsewhere, for the purpose OF
prospecting for and Obtaining oil, gas salt,
sulphur or other minerals, and to that end TO
UNI or cause to be drilled oil wells, or sink
VI cause be sunk shafts for. mining and TO
Duy' lease, or otherwise acquire drilling rigs
OF other machinery or apparatus necessary 10
Iuiiy 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.
Salt, sulphur or other minerals either produced
Dy this corporation, or other persons or cor
poratlonS by means Of pipe lines, tramwayS.
railroads, boats, barges or other Conveyauccs.
or to lease or suitcase all or part thereof
70 any other persons OF corporations Tor the
IKE purpose, and in order to fully carry out
sara OBJECTS and purposes to purchase. lease, or
othcT"lSe acquire pipe lines. tramways, rail
ROADS. boats, barges, tank cars. locomotives.
pumping stations, stem plants, air plants, and
an o'her machinery, apparatus and paraphcr-
nara necessary or incidental thereto.
go 10 build, construct, lease purchase or
otherwise acquir, buildings, machinery and
9'her apparatus for refining. smelling. manu-
featuring, or otherwise working m the pro.
ducts Of mineral lands either produced bv this
corporation or other persons or corporations,
and 10 refine, snclt, manufacture. or other
wise work up by products Of said minerals TO
operate the SAID plant and market the products
advantage
90 To carry on such other business apper-
talIlng to OIL, gas, salt, sulphur or other min
erals as may be necessary or desirable or
such as are generally engaged in by a 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 81 10000 Dollars, di-
vided 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 Sl0OI,OOOCD Dollars.
Fifty per cent Of the capital stock OF this
corporation must be subscribed Tor before the
ming 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
Tor in cash that the law provided for in
Section ) (three) OF Act 2o7 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 informally 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 Gl0,eOOOO Dollars Of the capital stock
shall have been issued and paid for. either in
any Of the aforesaid stock Of this corporation
Is paid for in property in that event the
terms and provisions Of Section ? Ctwo) OF
Paragraph 90 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
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 deClara-
ton, six of whom shall constitute quorum
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, III which event
eight shall constitute a qourum.
The officers OF this corporation shall consist
of a president. vice-pTeSident, 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 ono
The following named persons shall consti-
tute the board of directors of this corpora
ton, to-wit: L. :. Berry, Dallas. Texas; ii,
\. Pharr, Oliver, La; 7. 7. Attebury, Crow
ley, La; y. +. Collins, Lafayette, La; W. D.
Morgan, Lafayette, La; Emile Simon, New
Iberia, La; Luke Trainer, New Iberia. La
{. b. Lindsey, Fullerton. La; Frank Blanc,
New Iberia, La; J. A. Bishop, New Orleans
II. " Pharr, as President; 7. I. Attebury. as
Vice President and w. W. Hines, as seCre'
tary-treaSurcr, and these directors and othcers
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 each
year beginning with the year 1915; all cleo
iions of directors shall be by ballot, and each
stakeholder shall be entitled to one vote FOL
each share of stock standing in his name or
the books of the corporation, this vote TO bt
cast in person or by proxy, and II snail re
quIre majority OF the stock present or repre-
: scented to elect.
The failure to elect the board Of director:
on the first Monday in june, 1915, or annually
thereafter shall not work forfeiture OF tins
I charter, but the old board of directors shall
| main IN office until their successors ART
elected and qualified.
| Article 6.-The board of Directors shall hole
| regular meetings at such times as shall b'
| fixed in the bylaws of this corporation. Thes'
meetings shall be held at the domicile of thu
| corporation, but the president may call spec
| ial meetings of the board of directors at suci
| times as he may deem advisable, and he shall
be required TO call such special meeting
| whenever requested to do SO by three member
] of the board of directors. Three days notice
( of such special meetings shall be given II
! writing to the directors unless waiver of no
! tice is signed by the directors. Any vacanc,
| occurring on the board either from death
| resignation. or inability to serve she'll be NIL
| ed by the board of directors at its next regu
| lar meeting after such vacancy shall have oc
! Cured The first board of directors of thi
| corporation shall be required to draft suitabl
| bylaws for the government OF this corpora
| ton, which may be altered, amended o
| changed as the exigencies of the case may re
quire.
| Article THE stock of this corporation ma
| be transferred provided such transfer shall b
| recorded upon the books of the corporation be
fore it shall be required to recognize the trans
fer or the new holder of said stock. IN
total amount of the subscribed stock as here
inabove set forth is the sum of Five thous
and nine hundred and fifty (S5,9SOOO) Dollar:
which is hereby authorized to be issued full
| paid and non assessable, for cash.
| Article S-This charter may be modified, @
altered. the capital stock thereof increased o
decreased or the corporation may be dis
| solved with the assent of two-thirds of tn
| Capital Stock presented or represented at an
/ meeting of the stockholders held Tor that pun
pose after prior notice in writing to each stoch
| holder or mailed to him at his last know
most office address, all in accordance with Tn
| terms of Act 267 Of 1914.
| Article AT the expiration OF this charte'
! or the earlier dissolution of this corporatlo
for any cause its affairs shall be liquidate
by one or more liquidators TO be elected o
| the stockholders all of whom shall hold stoc
in said company and said commissioners ar
/ hereby vested with full power and authorit
to liauidate the affairs Of said company, WI
full power to act under the terms OF oee'io
| 40 (hirty) of Act 267 of 1914.
| Article 1O-The appearers hereby declar
that thew have subscribed to the tollowln
number of shares of the capital stock OF tn