The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-07

g'.''"' ne one hundred and iOTty-tIr>t
before me; Joseph Sinai, a notary public
Lu'y commissioned and qualified IN and TO
me pafl>h OF Orleans, therein residing an,
IN me presence Of the witnesses hereInafte
named ana undersigned. personally came auC
appeared the several persons whose names are
| hereinafter subscribed, Of the iul age q,
majority who declared to me thai ayailir,
| themselves OF the laws Of this state relative
uIarIy Act No. 2I Of 1914, page S3l, Of IN.
] legislative acts OF this state, they have coy.
| tnan'ed and agreed, and by these present,
! do covenant and agree for themselves and
| their successors and assigns TO form them.
| selves Into a corporation and body polite in
| .aw, tor the objects and purposes and under
| me SupuIatIons hereinafter set forth, to.wit:
article The name and title Of the cor
J Company, Incorporated and under such
I utlG II shall have and enjoy succession and
existence for period Of niuety-nine wears
rom date hereof; II shall have the power and
authority 70 contract, sue and be sued and
| 70 make and use a corporate sea, and The
same to break and alter at pleasure; to hold,
II purchase, lease. sell, mortgage. hvpothe-
| cate, "r pledge property, real personal or
mixed necessary. Incidental or proper for
| me carrying on Of lis business and TO that
end 10 further mortgage all oil or mineral
| eases, grants or contracts held by it. to-
Scthtr with all buildings. constructions and
improvements placed or erected on SAID lands
or 70 DE placed or erected thereon. as we'll
as To issue bonds, secured by such mortgages
rates
ana 10 run Tor such length OF time, 1T ex-
ceedlng the term OF said lease, as said
'.tts,ct or guarantees may determine; to buy
and 70 hold stock in any other company or
companies that may assist this company in
us objects and purposes; 10 make and issue
notes and certificates Of Indebtedness; to
name, elect and appoint managers, directors
ana c.eTks or other employees to properly
conduct rs corporate business and to make
and establish such bylaws, rules and regu-
I4iionS as may be found necessary or desir-
a1ie Tor the management OF the business and
affairs Of the corporation. and generally to
do all and every act. matter or thing neces.
Sary tor the complete and proper carrying
cut OF said business.
Article 1.-THE domicile of the corpora.
non shall be IN the city. OF New Orleans,
all citations and other legal process shall be
served upon the president or, in his absence,
upon the secretary.
Article IIT.-The objects and purposes for
which THIS cooperation is organized. and the
nature OF the business to be carried on by
It, are stated and declared TO be as follows:
FIRST: 10 acquire by purchase or lease or
Otherwise, and the same TO sell, lease or
Louisiana, or anywhere else, for the purpose
OF prospecting tor, and obtaining, oil, gas,
salt, sulphur or other minerals and to that
end TO drill or cause to be drilled, oil wells,
or sink or cause TO be sunk shafts for min
ing, and TO buy, lease or otherwise acquire
drilling rigs or other machinery or apparatus
necessary to fully accomplish said purposes
and if oil or other minerals are found, TO
market same 10 the best advantage
Second: To engage in the transportation
OF oils, gas, salt, sulphur or other minerals
either produced by this corporation or other
persons corporations, by means of pipe
lines, tramways, railroads, boats, barges or
other COnveyances or to lease or suitcase all
or any part thereof to other persons or cor
poratIons for the like purpose, and in order
TO fully carry out said objects and purposes,
TO purchase, lease, or otherwise acquire, pipe
lines, tramways, railroads, boats, barges,
tank cars, locomotives, pumping stations,
steam plants. air plants and all other ma
chinery, apparatus and paraphernalia nee
essary or incidental thereto.
Third: To build, construct, lease, pur-
chase or otherwise acquire buildings, ma |
smelling, manufacturing or otherwise working
up the products of mineral lands, either pro- |
duced by this corporation or other persons or
corporations, and to refine, smelt, manufac. |
ture or otherwise work up the by-products OF |
said minerals and to operate the said plant |
and market the products or by-products as |
to the best advantage.
Fourth: To garry on such other business |
pertaining to oil, gas, salt, sulphur, or other |
minerals as may be found necessary or de- |
Sirab.e or such is generally engaged in by /
a corporation OF this kind
Article lN.-Ihe capital stock OF :iIis coz |
Doration is hereby fixed at the sum of ten
thousand dollars, (S1OO00O, divided into |
TWO hundred shares of the par value OF fifty !
dollars 5000 each, to be paid for in cash,
" its equivalent in property. No certificate
If stock shall be issued and delivered unless
{ is fully paid for, or for property purchased
" leased.
No stockholder shall ever be held liable
" responsible for the faults, contracts or
lebts of this corporation IN any further sum
han the unpaid balance due the corporation
m the shares OF stock subscribed for by him;
Tor shall any mere informality in the organ
cation have the effect Of rendering this char
er null of exposing a shareholder to any
liability whatsoever; nor shall the stock be
subject to assessment.
The corporation shall be and become
,oing concern as soon as FIVE thousand dol
ars of its capital stock shall have been sub
cribed and paid for.
Article V.-All the corporate powers of this
shall be vested in and exercised
w a board of directors TO be composed of
hree Stockholders, two Of whom shall cOnsti-
ute a quorum for the transaction OF buS- |
tess. Until the first Monday of August 1917,
he following named persons shall constitute
he board OF directors of this corporation,
o-wit: George Edward Guedry, Horace Shep-
rd, Charles Martin Shepard. Thereafter,
he directors shall be elected annually on
he first Monday in August each year. All
lections for directors shall be by ballot, and
ach stakeholder shall be entitled to one
ote for each share of stock standing in his
ame on the books of the corporation, this
ote to be cast in person, or by proxy, and 1t
hall require a majority of stock present
r represented, to elect. The failure to elect
he board of directors on the first Monday
n August or annually, thereafter, shall not
iork the forfeiture of this charter, but the
Id board of directors shall remain in office
mil their successors are elected and quail
ed.
Article VI.-The board of directors shall
old regular meetings, at stated intervals
I such times as shall be fixed in the by
avs of this corporation. These meetings
hall be held at the domicile of the corpora
ion; but the president may call special meet
ngs of the board of directors at such times
5 he may deem advisable, and he shall be re-
uired to call such special meetings whenever
equested TO do so by two members of the
GARD of directors. Three days notice of
UGH special meetings shall be given in writ
ng 70 the directors unless 4 waiver of notice
signed by the directors. Any vacancy &C.
urring on the board of directors, either from
cath or resignation, or inability to serve,
hall be filled by the board of directors.
Article VII.-The officers of this corpora
ion shall consist OF a president, = vice.
resident, a secretary and a treasurer, all
{ whom shall be stockholders and members
{ the board Of directors. The offices Of Sec
etary and treasurer, or vice-president and
may be combined and held by one
nd the same person, if so desired. Until Il
ne board Of directors to be elected on the
rst Monday in August, 1917, shall otherwise
lect, the following named persons shall con-
titute the officers of this corporation:
George Edward Guedry, as president, whose
ost Office address is 22E Cambronne street,
lew Orleans, Ia; Horace Shepard, as vice