The herald., 1915-01-21

a
| a. OF ooth upon tn secretary treasurer
| Hrucle 5-Ihe objects and PURPOSES OF tbi
SSoiPoratlon are hereby stated and declared T.
% To acquire by purchase or lease ~ o,to-
| slSe, lands in the Calcasion SULPHUR and al
| melus OF Louisiana, or in any other Iocatio,
| - IIs state or elsewhere, for the burmese n
suInb,- Tor and Obtaining oil, gas. salt
JiiEI W or other minerals, and TO that end I,
UNI OF cause TO be drilled oil wells. or sink
| ~ cause be sunk shafts for mining and :,
nv ease or otherwise acquire drilling rig,
fuIIv ecoa lIaoHIhety or apparatus necessary L
- accomplish said purposes and if oil OF
olher mineral S are found then TO market m,
| same TO the best advantage
| " 10 engage In the distribution of oil gas
aadl' sulphur or other minerals either produce,
| by this corporation or other nersons ~ 60
Pord'lonS by means OF pipe lines tramvavs
| 'dlIroads, boats, bargeS or other convevarres
VI 10 lease or suitcase all or part thereof
| 20 any other persons OF corporatious for H.
IKE purpose, and in order 10 fully carry M,
saId OBJECTS and purposes TO purchase lease. OF
o'HST"lSe acquire pipe lines, tramways rail
. podIs' barges, tank cars, locomotives
pumping stations, stem plants, air plants and
an other machinery, apparatus and parapher.
mana necessary or incidental thereto
20 10 build, construct lease, purchase ar
o,beL wise acquire buildings, machinery and
| elher apparatus for refining. smelling, manu-.
| LdCtuflng, or otherwise working IN the pro.
ducts OF mineral lands either produced Inv hi
corporation or other persons or corporations.
wise work up by products OF said minerals "a
operate the said plant and market the products
vi Oy-ProductS, as manufactured, to the best
advantage
W 10 carry on such other business apper-
tdlilng 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.
poratlon of this kind
Article 4.-The capital stock of this corpora
ton is hereby fixed at the sum of Eleven
thousand nine hundred $4,000 Dollars. di.
Vided into seventeen hundred shares of the
Par 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 SlOOOOOOOO Dollars.
flfty 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 for services performed or render
ed; and provided that if the stock is NOT paid
for in cash that the law as provided for in
Section tthree) of Act 267 of 1914 be in all
respects complied with.
No stakeholder shall ever be held liable or
responsible tor 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 lntormallty 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 CSl00O0.00) Dollars of the capital stock
shall have been issued and paid for, either in
cash, services or in property as aforesaid. If
any of the aforesaid stock of this corporation
IS paid for in property in that event the
Paragraph 90 of Act 267 of 1914 shall be
strictly complied with.
Article 5.-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-
tion, 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 qourum.
The officers of this corporation shall consist
of president, vice president, secretary and
treasurer. all Of whom shall be members of
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
y. Pharr, Oliver, La; I. I. Attebury, Crow
ley, La; \. E. Collins, Lafayette, La; W D.
Morgan, Lafayette, La; Emile Simon, New
Iberia, La; Luke Trainer, New Iberia. La;
New Iberia, La. ]. A. Bishop, New Orleans,
La; w. w. Hines, New Orleans. La; with
II. y. 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
year beginning with the year 1915; all cleo
tons of 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 corporation, this vote to be
cast in person or by proxy, and it shall re-
quire majority of the stock present or repre-
scented to elect.
The failure to elect the board of directors
on the first Monday in June, 1915, annually
thereafter shall not work a 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 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
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
inabove set forth is the sum of Five thous-
and nine hundred and fifty (S5,950.00) Dollars,
which is hereby authorized to be issued fully
paid and nom assessable, for cash.
Article 8-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 presented represented at any
meeting of the stockholders held for that pur-
pose after prior notice in writing to each stock
holder or 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 charter,
DR. the earlier dissolution of this corporation
for any cause, its affairs shall be liquidated
by one or more liquidators to be elected by
he stockholders, all of whom shall hold stock
in said company and said commissioners are
hereby vested with full power and authority
10 liouidate the affairs of said company, with
full power to act under the terms of Section
20 (thirty) of Act 267 of 1914.
Article l0.-The appearerS hereby declare
hat thew have subscribed to the following
number of shares of the capital stock of this