The herald. [volume] (New Orleans, La.) 1905-1953, 1916-06-01

minerals, and to that end to drill or cause
to be drilled oil wells, or sink or cause to
De sunk shafts for mining, and to buy or
lease, or otherwise acquire, drilling rigs or
other machinery or apparatus necessary TO
fully accomplish said purposes, and if oil
other minerals are found, then to market
the same 10 the best advantage.
T. To engage in the distribution OF oil,
gas salt, sulphur or other minerals either
produced by this corporation, or other persons
or corporations by means of pipe lines,
tramways, railroads, boats, blrges or other
cOnveyanCes, or 20 lease or suitcase all or
any part thereof to any other persons or
corporations Tor the like purpose; and in or.
der to fully carry out said objects and pur
poses, to purchase, lease, or otherwise &C
qure, pipe lines tramways, railroads, docks,
boats, bdrgeS, tank cars, locomotives, and
cars, pumping stations, steam plants. air
plants. and all other machinery, apparatus
and paraphernalia necessary or incidental
thereto.
S To build. construct. lease. purchase or
otherwise acquire buildings, machinery and
| other apparatus for refining. smelling, manu-
| featuring. or otherwise working up the pro-
| ducts of mineral lands. either produced by
| this corporation or by other persons or cor
| porations, and 10 refine, smelt, manufacture
| or otherwise work up the by-products of said
| minerals TO operse the said plant and TO
market the products or by-products, as manu-
| featured. to the best advantage.
| 3. To carry on such other business apper-
| tanning 10 farming, oil, gas, sulphur, salt or
| other minerals as may be necessary or de-
Sirable, or such as are. generally engaged in
| by corporation of this kind.
| Article 4.-The capital stock Of this cor
| poration j. hereby fixed at the sum of two
hundred and fifty thousand (s2S0ODOO dol
GOD shares OF the par value OF ten $1,000
| dollars each; provided that the amount to
| which the capital stock OF this corporation
may be increased shall be five hundred thou.
| Thirteen thousand three hundred and fifty
| QS,5SD shares, or one hundred and thirty
| three thousand i've hundred (sl33, $4,000 dol
lars Of the capital stock of this corporation
must be subscribed before the filing of the
articles OF Incorporation. The subscribed
capital stock OF this corporation shall be pay
able IN cash, property, real or personal, OF
formed.
No stockholder shall ever be held liable o.
responsible for the faults, contracts or debt:
the unpaid balance due the corporation on tn.
| shares OF stock subscribed for by him, moi
| shall any mere informality in the organiza
J ton have the effect of rendering this chartei
null, or OF exposing any shareholder TO any
Liability whatsoever.
! This corporation shall not engage in bust
ness unsil one hundred and thirty tire,
: thousand five hundred (sl33SoOOO dollar
! Q5,S5Ol shares Of the capital stock shall hav
been issued and actually paid in, either il
cash, property or services as aforesaid. /
any OF the stock Of this corporation is eI
changed IN whole or in part, for property o
goodwill, IN that event the provisions o
; Sec; of Act Do of 1914 shall be compile
I with strictly
d Article VAN the corporate powers of thi
corporation shall be vested in and exercise
y by board of directors composed Of seve
;; stockholders, each Of whom shall own in hi
d own right, during his term of Office, at leas
one full paid non.pledged share Of stool
! which shall be shown by his written dccls
j. ration, four OF whom shall constitute a quo
e rum Tor the transaction of business; pre-
e yided, the board of directors are hereby al
e | thorized anu empowered to increase, in the
n | discretion, the number of directors 10 Mint
" IN which case five thereof shall constitute
quorum.
# The officers of this corporation shall cor
q sist OF president, vice. president. secretar
E, and treasurer, all Of whom shall be men
', Rers OF the board Of directors. The ofhc.
!, OF secretary and treasurer may be held b
one and the same person.
" 3I The following named persons shall const
II tute the board OF directors of this oorpor
- ton, to-wlt: George Mule, 1909 Esplanac
81 ~, New Orleans, La; Pascal AlmericO. 81
3r nTsuline St. New Orleans, La; Benedict
" intTavaia: NaiTn P; O., La; Joseph Mu
a. Herbert +. Woodward, 1919 Carondelet S
=. New Orleans, La; Anthony n. Kinch, 8
e St. Charles St, New Orleans, La; Villa
r; Williams, Abita Springs, La, all residen
or 81 inns state OF louisiana, with William
- Williams. president; Anthony N. Kinch, vic
81 | and George Mule, treasurer, and these Z
~ rectors and officers shall serve until the hr
- Thursday in April. 1917, or until their su
"a cessors are duly elected and qualified.
MI Thereafter the directors shall be elect
ms annually On the first Thursday in April
nd each year, beginning with 1917; all electio
n Of directors shall be by ballot, and ca
or shareholder shall be entitled to one vo
d. for each share of stock standing in his mar
nd on The books of the corporation, this vote
to be cast in person or by proxy, and it sh;
n. require majority OF the stock present
ts. represented to elect.
Failure to elect the board of directors
or the drst Thursday in April, 1917, or annual
or thereafter, shall not work q forfeiture of Il
Tor charter. but the old board Of directors sh'
Ter remain in Office until their successors q