The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-02

and a ACKNOWLEDGEMENT The board of
directors shall appoint from time 10 time such
officers and clerks and agents and employees
as they may deem necessary tor the pur-
poses and business of the corporation, who
shall hold office at the pleasure Of the board.
SAID board may make, alter and amend any
and all bylaws and regulations proper for
the conduct and management OF the business
and affairs OF the corporation.
The following persons shall constitute the
first board OF directors: Seely Dunn, Alfred
H. Clement, J. o. Elmer, George 6. Taylor
The annual meeting of stockholders of
this corporation for the election of directors
shall be held on the second Monday in Au-
gust of each year. and the directors now
chosen to represent this corporation shall
hold their offices until that date, or until
their successors are duly elected and quail
fled. In case vacancies occur during the
year. same shall be filled by the remaining
directors or director
Article Win the event of the liquda-
ton or dissolution Of this corporation, the
stockholders shall elect two liquidators from
among their number at a meeting convened
| for that purpose, after ten days written no.
tice sent to each stakeholder by mail to his
last know address; said liquidators shall
have authority to wind up the business and
affairs of this corporation.
In case Of death of either of said liqui-
datorS, the survivor shall appoint a stock
holder as successor. to him.
Article NII.-This charter may be modified,
changed altered or said corporation NAV
| ne dissolved, with the assent of stockhold-
ers owning two-thirdS of the entire capital
stock, al a general meeting of the stock
holders convened for such purpose, after ten
| days written notice shall have been given
| 70 each stakeholder mailed TO him at his
| last known address.
Article NIII.-No subscriber for stock shall
ever be held liable for the contracts, faults
or debts of said corporation in any further
sum than the unpaid balance, if any, due the
corporation on the stock for which ne has
subscribed: nor shall any stakeholder ever
| be held liable for such contracts, faults, or
| debts in any further sum than the unpaid
| balance, If any, on the stock owned by him;
| nor shall any mere informaity in organiza.
ton have the effect of rendering this char.
ter null; or rendering any subscribers OF
stockholder liable beyond the unpaid amount
/ II any. remaining due or his stock
Article lN.-This corporation is organized
under the laws of the State of Louisiana
subscribers hereto for themselves and said
| corporation and for its officers, directors and
stockholders, hereby accept, as part of this
charter and as conditions of this ucorpora
non Toni al the rights powers, privileges and
granted TO and conferred upon officers, drec
| tors and stockholders of corporations BY sait
laws and said act: such acceptance being as
full, complete and binding as if said rights
( powers. privileges and immunities were SCI
| forth at full length in this instrument.
Each subscriber hereto sets after his name
| his post office address and a statement o.
to take in the corporation.
Article A-Said appearers declared tina
they subscribe respectively, to the follow
ms Ps "~SsT ct the s,pa p stock
Alfred H. Clement. 49s shares; ]. o. Elmer
share; Geo. s. Taylor. share.
The said subscriptions of Seely Dunn anc
Alfred H. Clement shall be paid for anc
settled by them by the transfer to this cor
poration OF the following described property
which is owned by them jointly, The till,
OF which, however, for the purpose of thei
Dunn, to-wit:
First: The Clement Sulphur Claim locate,
by Gustav Grossman, agent for Seely Dunn
mineral nile lo99. comprising 20 acres of Ian,
and located on the Southwest quarter of TIL
Southwest quarter of Section IS, Block lOS
grantee public school, Culbsrson County
| Texas.
Second: The Dunn Sulphur Claim locate,
by Gustav Grossman, agent for Seely Dunn
mineral hle loo, comprising 20 acres of LAM
and located on the northwest quarter of tn
southwest quarter OF section IS block los
grantee public school, Culberson County
Third: Douglas Sulphur Claim No. /. 10
Gated by s ID. Coalson, agent for Seel
Dunn, mineral file l7Ol, containing 20 acre
ter OF the Northwest quarter of section q
block lO9. grantee public school, Culberso
Fourth: Douglas Sulphur Claim No 2, 10
Dunn, mineral file l702, containing 40 acre
, of land and located on the Southeast quar-
ter OF the Southwest quarter of section |!
block lOg. grantee public school, Culberso
Fifth Douglas Sulphur Claim No. J. IL
Gated by s. ID. Coalson, agent for Seel
Dunn. mineral file 1908, containing 20 acre
OF land and located on the Northeast quar-
ter OF the Southwest quarter of section L
County, Texas.
! which said above described property ha
been appraised by the directors OF this co,
poratlon at the sum of 100000.
Said Alfred II. Clement, having paid OF
and advanced to the sum of $6,6748S fC
account OF this corporation, as shown by til
has been approved by ali Of the said S" al
> bearers, IT is agreed that this corporatio
shall reimburse the said Alfred H. Clemer
. tor said payments and advances so made b
i him out of the first net profits of this co
poratiOn.
Thus done and passed, in my notarial o
, hce, at the city OF New Orleans, aforesaid
: in the presence of Ferdinand E. thinner an
4 Raymond Fagot, competent witnesses of Law
: tul age, and residing in this city, who her
. unto subscribe their names, together wi,
said parties and me, notary, on the ds
> ana date set forth in the caption hereof.
shares N4 Hennen Annex, New Orleans. La
Seely Dunn, 499 shares, SIS Whitney Centr
building, New Orleans. La; J. o. Elme
one snare, SIS whitney Building, New o
leans, La; Geo. S. Taylor, one share, 3
Hennen Annex, New Orleans, La.
, Witnesses: Ferdinand E. thinner, Raymor
v Fagot.
W. W. YOUNG, Not Pub.
/, the undersigned recorder of mortgage
f in and for the parish of Orleans, State
i Louisiana, do hereby certify that the abo,
r and foregoing act of Incorporation of TOY;
y recorded in my Office, in book 1901, folio :
! New Orleans, October 2, 1916.
al (Signe6 EMILE J. LEONARD, D. R.
d A true copy Of the original
!. (Signe6 w. w. YOUNG, Not Pub.
4 oct u l9 26 nov 9 l6