The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-28

o oHp" sn managers, directors and clerks q,
go, 'hpioyees TO properly conduct tie ~ "
| Pora'e business, and to make .nJ rs COT
SueH py laws as may be found necess..on 81
desirable for the management of ~ S,.ny OF
do ali Ia Vi .ne corporation, and generally tc
w an ana every other act, matter or -; y
necessary for the complete and 49, Vi tnlhe
ing out of said business, P'oper carry
article 1.-THE domicile of the co-ro-,.;.
IS n.,o oe IN me City of New Orleans marsh
oi Oiieans' state OF louisiana where All n;,a
uohs ana other legal process shall he go.
uIPon tne president, or in his absence 49,
the vlce-president. upon
0,b Ari,eie llI-The objects and purposes 70,
Wnlch thls corporation is organized ard III
| nature OF the business to be carried -, T. u ~.
| are stated and declared to be as foIIou,: ~
o,La 10 acquire by purchase or lease o-
o,Lo WIS., ana the same to sell, lease or
! o!nerwiSe dispose of lands in the CaIces;o,,
! on heids OF Louisiana, or anv other ioca1;.t'
LOT ulG purpose OF prospecting for and ob,a;
ing OIL, gas, salt, sulphur or otbe- r,;I
anu 20 !nat END to drill, or cause to be drilled
| p'l "eilS' or SINK or cause to be sunk ebafts1
Tor mining, and TO buy lease or nthor,'i.s
| acquire drilling rigs or other rnacbirsr,' -
| apparatus necessary to fully accomDlisb ga
| purposes ana II oil or other minerals are
! vantage. ''S OeSt ad-
Second: To engage in the transformation os
| OILS, gas, salt, sulphur or otber ,1iror,I %
eltner produced by this corporation or Other
/ =. pf Mn
! ilnes, tramways, railroads, boats baTg.sP ~ p
other conVeyances or to lease or suitcase ali
| or any part thereof TO other persons or CO.
! PoTatlonS Tor the like purpose, and in order 70
| lully carry out said objects and purposes 10
! purchase, lease, or otherwise aro,,iro 70
mes tramways, railroads, boats, barses tank
| cars locomotives, pumping stations ste,r,
plants, AIR plants and all other MACHINERY
| cidental thereto. Vi III
third: To build, construct, lease. nu-cbase
| or otherwise acquire buildings. macbinery "a
other apparatus for refining. smelling. man.
G ,aClU'lEs OF otneTwise working up the pro.
| ducts OF mineral lands, either produced ~,
thlS corporation or other persons or cornora
| uuhS' ana to refine, smelt manufacture or
| otherWiSe work up the by-products of said
minerals 1S. ana to operate the said plant ana
market the products or by-products as mann.
! iactured to the best advantage
! foutth: 10 carry on such other business
! pertaining to oil, gas. salt, sulphur or other
numerals as may be found necessary or de-
sirable or such as is generally engaged in Inv
corporation OF this kind.
| Article lE.-lhc capital stock of this cor
poration is hereby fixed at the sum of twenty.
I'VE thousand dollars tS25,OOO), divided into
| twenty-five hundred shares of the par value
OF ten dollars each, to be paid for in cash, or
| ITS equivalent in property. No certificate of
stock shall be issued and delivered unless il
IS iuIiy paid Tor, or for property purchased or
| leased, no stakeholder shall ever be held liza.
! bic or responsible for the faults. contracts or
| debts OF this corporation in any further sum
than the unpaid balance due the corporataion
on the shares OF stock subscribed for by him;
| nor snail any mere lnformalitv in the orpani-
zatlon have the effect of rendering this charter
| null or OF exposing a shareholder to any liza.
! bility whatsoever; nor shall the stock be sub
lected to assessments. The corporation shall
! Degin 10 do business and to be a going concern
as soon as twelve thousand five hundred dol.
| lars lSl2SOO of the capital stock shall have
been subscribed and paid for.
Article N.-All the corporate powers of this
corporation shall be vested in and exercised
by board of directors to be composed of
four stockholders, and three of whom shall
constitute quorum for the transaction of bus
mess. Until the first Monday of August,
1916, the following named persons shall con-
Stitute the board of directors of this corpora
ton, to-wit: {. f. Fettis, G. c. Bacot H. r.
Fine, G. f. Guedry.
Thereafter the directors shall be elected
annually on first Monday in August of each
year. All elections for directors shall be bv
ballot, and each stakeholder shall be entitled
to one vote for each share of stock standing
in his name the books of the corporatin
this vote to be cast in person or bv proxy
and 1t shall require a majority of stock pres
ent or represented to elect. The failure to
elect the board OF directors on the first Mon
day III August annually thereafter, shall
not work the forfeiture of this charter but the
old board of directors shall remain in Office
until their successors are elected and quail
fed.
Article VI.-The board of directors shall hold
regular meetings at stated intervals at such
time as shall be fixed by the bylaws of
this corporation. These meetings shall be held
at the domicile of the corporation, but the
president may call special meetings of the
board OF directors at such times as he NAV
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 10 the
1trRrt MI nf g 4
by the directors. Any vacancy occurring on
the board either from death, resignation, or
inability to serve shall be filled by the board
of directors. The first board of directors of
this corporation shall be required to draft
suitable set of bylaws for the government of
this corporation, which may be altered, amend
ed or changed as the exigencies of the same
may require.
Article VII.-The officers of this corpora
ton shall consist of a president, vice-presi-
dent, secretary and treasurer, all of whom
shall be stockholders and members of the
board of directors. The Offices of secretary
and treasurer may be held, if desired, by one
and the same person. Until the board Of di-
rectors to be elected first Monday in Au-
gust, 1916, shall otherwise elect, the following
named persons shall constitute the officers of
this corporation, to-wit: c. f. Fettis, presi-
dent. whose address is 1927 South Claiborne
street, New Orleans, Louisiana; G. c. Bacot
vice president, whose address is 1904 Syca-
more street, New Orleans, Louisiana; II. r.
y. Is
street, New Orleans, Louisiana; G. E.
Guedry, treasurer, whose address is 2247 Cam
bronze street, New Orleans, Louisiana.
Article VIII.-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 three-fourths of the
stock present or represented at any general or
special meeting of the stockholders held for
such purpose after thirty days prior notice in
writing to each stakeholder, or mailed to him
at his last known post Office address, and
after publication in a daily newspaper pub
lished in the city of New Orleans, and upon
complying with the laws in such case made
and provided.
Article IX.-At the expiration of this char
ter or the earlier dissolution of this corpora
ton, its affairs shall be liquidated by three
commissioners, TO be elected by the stock
holders, all of whom shall hold stock in said
company, and said commissioners are hereby
vested with full power and authority to sell
any and all assets and property, real, personal
or mixed of this corporation and to convey
full and complete title thereto, and TO do and
perform all acts essential to full and COM
plete liquidation of this corporation, and TO
distribute the proceeds, if any, as directed by
special meeting of the stockholders of the
corporation convened for the purpose after
due notice as provided for herein. In the
event OF the death, inability or resignation
of any one or more of said commissioners,
the survivor or survivors shall continue to
act and be likewise invested with all the
powers herein mentioned.
Thus done and passed, in my Office, in the
City of New Orleans, upon the day, month
and year first above written, in the presence