The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-28

4 ;; described, all OF the age OF majority, VIII
e declared that, availing themselves Of IN,
2 provisions OF the laws OF this state relatIv,
to the organization OF corporations, they
; hereby form themselves into and constitute
=. a corporation for the objects and purpose
. and under the stpulatiOns hereinafter SCI
forth.
Article 1.-The name and title of this cor.
poration shall be Mermentau Mineral and
Land Company Inc, and under its corpO.
rate name, II shall enjoy succession for the
full term and period Of ninety-nine years
from and after the date hereof, and shall
have power and authority to contract, sue
. and be sued; 10 accept and receive mort
! cages pledges or other hypOtheCdtlOnS; TO
make and use a corporate seal and the same
to break and alter at pleasure; 10 purchase,
| receive, lease. mold, or otherwise acquire and
convey, as well as mortgage and hypothe-
| cate under Its corporate name, property both
| real and personal and mixed; 10 borrow mo-
ney and iaake and issue bonds and other evil
dences Of debt, AID 10 secure the same by
mortgage and otherwise; TO name and ap-
point such managers and directors, officers
and agents, the interest convenience
OF said corporation may require; and 10 make
and establish, as well as alter and amend
at pleasure, such bylaws, rules and regula-
tons for the management and regulation
OF the affairs Of the corporation as may be
necessary, proper or convenient.
Article 1.-The domicile Of this corpora
ton shall be IN the city OF New Orleans,
| and all citations or other legal process shall
be served upon the president Of the cOrpo-
ration, " in his absence, upon the vice
| president.
| Article III.-The objects and purposes for
| which this corporation IS established, and
| the nature OF the business TO be carried on
10y H. declared and specified 10 be: 70
| mine, dig and drill for, or otherwise obtain
| from, the earth, oil, gas, sulphur, salt and
| other minerals; 10 manufacture, rehne, pre-
| pare Tor market, buy and sell and transport
| the same III the crude renned condition.;
| 20 acquire Tor those purposes oil, gas, SUI.
I -.NF u 4 Il /
leaschOids, and other interests or rights IN
real estate or minerals; 10 construct and
maintain COnduIts and lines OF tubing and |
piping for the transportation OF natural gas
or oil; 10 buy, sell, hold, lease, mortgage, |
ALLEVIATE and deal IN real estate OF all sorts; |
10 drain, reclaim, CDiOnIze, develop and I'M |
prove lands; TO erect buildings and other
structures, and to operate, lease or other |
wise handle them and deal therein 10 CON |
,truct, acquire, maintain and operate all |
railroads, tramways, telegraph and telephone |
lines, canals, waterways, boats, and other |
means OF transportation, necessary or con-
vement IN prosecuting the business OF the |
company; 10 construct and operate hotels,
warehouses and general stores; 10 issue
bonds, mortgages and hypOthecatiOns 10 the
extent necessary or proper tor Is business;
20 acquire and hold, sell, cucumber, or DIS
pose Of, stocks and bonds OF other companies,
10 the extent permitted by law; 10 exchange |
It's entire capital stock, any part thereof, !
Tor property which II Is authorized 10 &c |
qulre, or To exchange Its entire assets and
'eNt44CSNp 'l any part llCltbl, LOT property,
stocks, bonds, or other obligations OF other
companies; 10 hold stock in other corpora
Ions; TO perfect and acquire patent rights
improvements or processes; and TO do and
transact all business properly connected
with, incidental or convenient 10 any Of the
said obligations and purposes.
Article IN.-The capital stock Of this cor
poratIOn = hereby fixed az two hundred
thousand (S0o000l dollars, to be divided
into and represented by TWO thousand 5000 !
shares Of the par value OF one hundred p,
$1,000 dollars each, watch shall be paid !
Tor IN cash or may be issued Tor property !
fair value. This capital stock may be i'll
creased up TO the sum Of five hundred thou
sand (S5OO0OO0O) dollars.
Article N.-All the powers Of this corpo- ;
ration shall be vested in and exercised by p
a board composed Of not less than five % c
Dr. more than nine (9) directors. The precise
number of directors within said limits shall r
DC LNed from time 10 time by the bylaws. :
president, a -presidenttreasurer and a j,
secretary, and such other officers as they :
nay think proper or convenient for the car a
wing of the company's business, and b.
hall have power TO unite two o. p
ices and TO confer the same upon one per u
IN, or 10 dispense with any office in its dis :,
retion. and to hx the salaries OF all officers, p,
gents and employees The board OF direc-
ors shall be elected annually the second "
v onday IN January OF each year, tn. firs: nj
lection to be held in the year 1918 All II
't-h t-C'llOn> SNdl De Dy ballot, at the Of /
ice CT the corporation. Notice of annual h
Meetings, as well as OF special meetings OF n
toclholdcrs, shall be given by written no. Nv
ice rallied ten days in advance of the da.e II
ppearing such the books OF the COM d.
any, at his last designated address, or at the tn
eneral delivery at New Orleans If he has m
OF designated an address Each share | in
older shall be entitled to one vote for each az
hare OF stock standing in his name on the as
ooAs OF the company, said vote TO be cast III
person or by proxy and the majority of ~,
'rS shall have the power to I'LL all vacan- IN
es which may occur in any manner arise an
T be created on the board even though no OF
1crum remain at the time such vacancies | do
- to be filled Failure TO elect directors on To-
le day above specified shall not dissolve TIC
le corporation, but the directors then in to-
fice shall remain in Office until their s,ic- | at
,ssors are elected. The board OF directors Sc
TALL have power to make and establish, as or
ell as alter and amend, all bylaws, rules sa
nd regulations necessary and propert for
e support and management OF the affairs De
I'd businesses of the corporation and not su
consistent with its charter. The board do
all have power, without referring TO the We
ges, issue notes. pledges bonds or other for
'ligatiOns, in such amounts and on such
rms as in their judgment may be advan- an
geous and generally TO do all things rea- ne
oper carrying on Of the business of the sui
rporation; and they are specifically author the
I'd to issue and deliver full-paid shares of acc
Dck and bonds obligations of the COM 1o|
ny in payment of property acquired by OF
id corporation, and specially for lands now 4
Id by the Louisiana Homeseeker Farm & sal
md Company, at such valuation as in their ere
dgment may be proper. majority of the not
rectors shall constitute a quorum for the thr
lnsaction of business. At any meeting of SIT
board of directors, any director absent run
I'M the meeting may be represented by any on
Ter director who may cast the vote of the IN
sent director according TO the written in De
uctions, either general or special, Of said 10
sent director. Until the annual meeting sto'
1913, the board of directors shall consist on
the following: sen
T. d. O'Keefe, post-ofice address Whitney W.,
nix Bldg. New Orleans; Edgar B. Stern, aft;
't-office address $40 Union ST., New Or snc
ms; E; c; Canning, post-ofhce address l9 TER
,hmond Place, New Orleans; S. G. Hern- lee;
dt, post-office address 90 Broadway. New giS,
rk; Maurice Stern, post-ofice address, $40 Rs
ion ST., New Orleans; Pearl Wight, Whit ~
Bank Bldg, New Orleans; Monte NJ Ene
mann, post-ofhce address llO4 Hiberna lea,
~" New Oiiedhs' cleo
II the foregoing, J. D. OKeefe shall be COM
sident, Edgar B. Stern, vice president and fhav
asurer, and E. c. Canning, secretary. fail
rticle VI-This act of incorporation may feit
changed, modified amended, or this cuuif sur
poration may be dissolved in the man. ME
provided by law, by vote Of two exp
all classes present or ren1esepted ~ a imu
eral meeting of the stockholders con- sct
cd fnr aFsa- 4