The herald., 1915-09-16

in which event, five shall constitute quorum
| 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 corporation,
io,wit; W. A. Collins, Hattiesburg, Miss;
John G. Woods, New Orleans, La; L. II.
Price, New Orleans, La; Thomas G. Price,
New Orleans, La; W. W. Hines, New Or
with l. II. Price, of New Orleans, La, as
| president; John q. Woods, of New Orleans.
La, as vice president; Thomas G. Price OF
| New orleans, La, as treasurer, and W. {.
Riggs, OF lIattIesburg, Miss, as secretary
and these directors and officers shall serve un-
| III the nrst Monday in March, 1916. or until
| their successors have been duly elected and
qualified.
Thereafter the directors shall be elected
! annually on the first Monday in March Of
each year beginning with the wear 1916; all
elections Of directors shall be bv ballot and
each stakeholder shall be entitled to one vote
ioT each share OF stock standing in his name
on the books Of the corporation, this vote
! to be cast III person by proxy, and It shall
require majority of the stock present or rep
resented to elect
Failure to elect the board of directors on
the hrSt Monday in March, 1910 or annually
thereafter shall not work a forfeiture of this
charter, but the old board of directors shall
I remain IN office until their successors are
elected and qualified.
Article D. The board Of directors shall hold
| regular meetings at such times as shall be
| hNed IN the bylaws OF this corporation. These
meetings shall be held at the domicIle OF the
corporation, but the president may call spe-
| cldl meetings Of the board OF directors at
! such times he may deem advisable, and
] ne shall be required to call such special meet
| ingS whenever requested to do 50 by three
members OF the board OF directors Three
/ days notice Of such special meetings shall
| be gwen IN writing to the directors unless
waiver OF notice Is signed by the directors.
/ ANY vacancy occurring on the board either
| from death, resignation, or inability to serve
shall he hlled by the board OF directors, at
| ITS next regular meeting after such vacancy
shall have occurred. The first board of direc-
| tors OF this corporation shall be required to
! draft suitable bylaws for the government OF
| this corporation, which may be altered,
| amended or changed as the exigencies of the
case may require.
Article THE stock of this corporation may
! be transferred, provided such transfer shall
| he recorded upon the books OF the corporation
| before 1t shall be required to recognize the
| transfer or the new holder of said stock. The
total amount OF the subscribed sock as here.
! inabOve set forth IS the sum OF ten thousand
one hundred and sixty-four CSlOl6+.OO dol
! lars, which IS hereby authorized to be issued
| fully paid and worcestershire, for cash.
| Article S.-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 twO-thIrds of the
| capital stock present represented at any
| meeting of the stockholders held for that pur-
! pose after prior notice in writing to each
| stakeholder mailed to him at his last known
| post Office address, all in accordance with the
| terms of Act 267 OF 1914
Article AT the expiration Of this char
ter, or the earlier dissolution of this corpora.
! ton tor any cause, its affairs shall be lIqul.
| dated by one or more hquidatOrs to be elected
! by the stockholders, all of whom shall hold
! stock in said company and said commits
SIOnerS are hereby vested with full power
| and authority to lquidate the affairs OF said
| company. with full power to act under the
terms Of Section so (thirty) OF Act 2o7 OF
! 1914.
! Article lO.-The appeners hereby declare
| that they have subscribed to the following
/ number OF shares OF the capital stock OF this
| corporation, to-wit:
| W. \. Collins, Iattiesburg, Miss. fourteen
/ hundred and twelve shares; John G. Woods
| New Orleans, La, ten shares; l.. ii. Price
! New Orleans, La, ten shares; Thomas g.
/ Price, New Orleans, La, ten shares; W. W
| Hines, New Orleans. La, five shares; W. C.
| Riggs, HattieSburg, Miss, tlve shares.
| 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
| Arthur p. Portas and William II. Burns, COM
I pctent witnesses, who have signed these pres
! cuts, after due reading of the whole.
Original Signed: ". a. Collins, fourteen
hundred twelve shares; w. w. Hines, five
shares; L. H. Price, ten shares; Jno. G.
! Woods, ten shares; Thos. G. Price, ten
shares; W. C. Riggs, five shares. Witnesses:
Arthur F. Portas, William K. Burns
JOHN X. UPTON.
(Stamp) Not. Pub.
I, the undersigned recorder of mortgages,
in and for the parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the Mu-
tai Drilling Company, Incorporated. was this
day duly recorded in my office. in book ll57,
folio = New Orleans, Aug. is, 1915.
(Sgned) EMILE J. LEONARD, by. r.
A true copy.
New Orleans, La, August IS, 1915.
JOHN X. UPTON, Not Pub.
aug % sep ? 10 q 80