The herald., 1915-02-04

sence Of both upon IN secret,-yt VI, ~ VIC ao'
article 3-The objects and purposes of thi,
corporation are hereby stated and declared Ia
(D To acquire by purchase or lease. or o,be,.
SlSe, lands IN the Calcasion Sulphur and Oil
n1us OF LOUISIANA, in any other location
n "a .nIs STATE or elsewhere, for the purpose OF
prospecting for and obtaining oil. gas salt
sulphur or other minerals and 10 thar end ~
orlll or cause to be drilled oil wells, or sink
or cause be sunk shafts for mining and 10
guy, tease, or otherwise acquire drilling rigs
OF other machinery or apparatus NECESSARY Ia
July accomplish said purposes; and If oil or
other minerals are found then TO market the
same to the best advantage
y 10 engage IN the distribution of OIL gas,
saIt, sulphur or other minerals either produced
oy tnis corporation, or other persons or cor
poIations by means of pipe lines tramways
railroads, boats, bargeS or other conveyances'
VI 10 tease or suitcase all or part thereof
70 any other persons or corporations for the
IKE purpose, and in order to fully carry out
said oDlects and purposes TO purchase lease or
otner"lse acquire pipe lines, tramways, rail-
roaus! boats, barges, tank cars, locomotives.
pumping stations, stem plants, air plants. and
an other machinery, apparatus and parapher-
naia necessary or incidental thereto
~ 10 build, construct lease, purchase or
o.hhef"ise acquire buildings, machinery and
other apparatus for refining smelling manu-
featuring, or otherwise working up the pro-
ducts OF mineral lands either produced by ihiS
corporation or other persons or corporations,
anu ~ lSHnc, SUneit, manufacture, other
wise work up by products of said minerals TO
operate the said plant and market the products
advantage
|. lp 10 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 cor
poratlon of this kind
Article 4.-The capital stock of this CORPORA
ton is hereby fixed at the sum of Eleven
thousand nine hundred Sll 10000 Dollars, di-
Nlded 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 slO00O0.OO Dollars.
fltty per cent of the capital stock of this
corporation must be subscribed for before the
ming OF the articles of Incorporation. The
subscribed capital stock of this corporation
snail be payable IN cash, property, real or
personal or Tor services performed or render
ed; and provided that il the stock is not paid
tor III cash that the law as provided for in
Section tthreeD of Act 267 of 1914, be in all
respects complied with
No stockholder 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 informailty 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 going concern until Ten thous
and (sl0.OOOOO) Dollars of the capital stock
shall have been issued and paid for, either in
cash, services or i'll property as aforesaid. II
any OF the aforesaid stock of this corporation
is paid for IN property in that event the
Paragraph 90 of Act 2o7 of 1914 shall be
strictly complied with.
Article S.-All the corporate powers of this
corporation shall be vested in and exercised
by a board OF directors TO be composed of
eleven khOlderS of NKh shall OKu
in his 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 a 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, in which event
eight shall constitute a qouTum.
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 SECRETARY
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: L. S. Berry, Dallas, Texas; II.
\. Pharr. Oliver, La; 7. I. Attebury, Crow
ley La; n. f. Collins, Lafayette, La; W. d.
Morgan, Lafayette, La; Emile Simon, New
Iberia, La; Luke Trainer, New Iberia. La. /;
c. B. Lindsey, Fullerton, La; Frank Blanc,
New iberia, La; J. A. Bishop. New Orleans,
La; w. w. Hines, New Orleans, La; with
II. " Pharr, as President; T. T. Attebury as
Vice President, and w. W. Hines, as secre-
tary-treasurer, and these directors and officers
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
wear beginning with the year 1915; all cleo
tions of directors shall be by ballot, and each
stakeholder shall be entitled TO one vote for
each share of stock standing in his name on
the books of the corporation, this vote TO be
cast in person or by proxy, and 1t shall re-
quire a majority OF the stock present or repre-
sented to elect.
The failure to elect the board Of directors
on the first Monday in June, 1915, or annually
thereafter shall not work forfeiture OF this
charter, but the old board of directors shall
main in Office until their successors are
elected and qualified.
Article 6.-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 domicile of the
corporation, but the president may call spec.
ial meetings OF the board of directors 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 unless waiver of no.
tice is signed by the directors. Any vacancy
occurring the board either from death,
resignation, or inability to serve shell be fill
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 this
corporation shall be required to draft suitable
bylaws for the government or this corpora
ton, which may be altered, amended or
changed as the exigencies of the case may re-
quire.
Article THE stock of this corporation may
be transferred, provided such transfer shall be
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. The
total amount of the subscribed stock as here
and nine hundred and fifty (S5,95O0O) Dollars
which is hereby authorized to be issued fully
paid and nom assessable, for cash.
Article S.-Jhis charter may be rnodihed, OF
altered, the capital stock thereof increased OF
decreased or the corporation may be dis
solved with the assent of two-thIrds OF the
Capital Stock presented or represented at any
meeting of the stockholders held for that pur'
pose after prior notice in writing to each stock
post Office address, all in accordance with the
terms of Act 267 of 1914.
Article 9-At the expiration of this charter
or the earlier dissolution of this corporation
for any cause, its affairs shall be liquidated
by one or more liquidators to be elected by
the stockholders, all of whom shall hold stock
in said company and said commissioners are
hereby vested with full power and authority
70 liquidate the affairs of said company, with
full power to act under the terms OF Sector
30 (thirty) of Act 267 of 1914.
Article l0-The appearers hereby declare
that they have subscribed to the following
number of shares of the capital stock OF this