The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-07

tions, and to refine, smelt, manufacture or
otherwise work up the by-products of said
minerals and to operate the sao plant ana
market the products or by-products as manu-
featured TO the best advantage.
Fourth: To carry such other business
pertaining TO oil, gas, salt. sulphur or other
minerals as may be found necessary or de-
sirable such as is generally engaged in by
corporation of this kind.
Article IV-The capital stock of this cor
poration is hereby fixed at the sum of twenty
five thousand dollars (S25,0O0l, 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 it
is fully paid for, or for property purchased or
leased. no stakeholder shall ever be held liza
Bile 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 informality in the organi-
cation have the effect of rendering this charter
null of exposing a shareholder to any liza
bility whatsoever; nor shall the stock be sub
jected to assessments. The corporation shall
begin TO do business and to be going concern
as soon as twelve thousand five hundred dol
lars (Sl2, 500 of the capital stock shall have
been subscribed and paid for.
Article Vail 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, II. 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 by
ballot, and each stakeholder shall be entitled
to vote for each share of stock standing
in his name on the books of the corporatin,
(. &c 20 he or in hxyp rnN
and il 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 i'll August or 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 may
deem advisable and he shall be required TO
,all 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 a waiver of notice is signed
~ the directors. Any vacancy occurring on
he board either from DEATH resignation, or
inability to serve shall be filled by the board
4 directors. The first board of directors of
his CORPORATION shall be required to draft a
uitable set of bylaws for the government of
his corporation, which may be altered amend
d or changed the exigencies of the same
nay require.
Article VII.-The officers of this corpora
ion shall consist of a president, vice-presi-
lent, secretary and treasurer all of whom
hall be stockholders and members Of the
oard of directors. The Offices of secretary
nd treasurer may be held, if desired, by one
TF..N.1 al a-I g L.
ectors to be elected on first Monday in Au-
tst, 1916, shall otherwise elect, the following
AIMED persons shall constitute the officers of
his corporation, to-wit: c. f. Fettis, presi-
treet, New Orleans, Louisiana; G. c. Bacot,
ice-president, whose address is 1904 Syca-
,ore street, New Orleans, louisiana; II. R.
inc, secretary, whose address is 10 Short
tr2eet, New Orleans, louisiana; G. Z.
uedry treasurer, whose address is 2247 Cam |
rome street, New Orleans, Louisiana.
Article VIII.-Ths charter may be modified !
r altered, the capital stock thereof increased
r decreased. the corporation may be dis
olved with the assent of three fourths Of the
pecial meeting of the stockholders held for ]
UGH purpose after thirty days prior notice IN
-riting to each stakeholder, OF mailed to him |
I his last known post office address, and
shed in the city of New Orleans, and upon i
omplying with the laws in such case made $
I'D provided.
Article KAT the expiration of this char I
r or the earlier dissolution of this corpora
on, its affairs shall be liquidated by three
commissioners, to be elected by the stock ,
oders, all of whom shall hold stock in said
1mpany, and said commissioners are hereby ,
ested with full power and authority to sell
ny and all assets and property, real, personal {
r mixed of this corporation and to convey ,
Ill and complete title thereto, and TO do and !
erform all acts essential TO full and COM :
lete liquidation of this corporation, and TO ,
istrbute the proceeds. If any, as directed by !
special meeting Of the stockholders Of the
orporation convened for the purpose after ,
ne notice as provided for herein. In the
vent Of the death, inability or resignation
{ any one or more Of said commissioners,
ne survivor or survivors shall continue 70
ct and be likewise invested with all the !
overs herein mentioned.
Thus done and passed, in my Office, in the
'ity of New Orleans, upon the day, month
nd year first above written, in the presence
Chas Leblanc and Leslie p. Beard, com.
etent witnesses who have hereunto signed
heir names with the said appearers and me
otary, after due reading Of tn whole.
Original signed: Names Of subscribers
mitted.
Witnesses: Chas Leblanc, Leslie P. Beard.