The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09

| lOr me year ltl3.
Article IIT-The object and purposes of
this corporation are hereby declared to be |
anyone or more of all OF the following:
State Of Lopisi i by engaging in the de.
| veopment Of mineral deposits, lands and the
products thereof, waters of the state and
| the use that may be made thereof and the
! products that may be produced thereirom'
| and all other resources by which the state
may be enriched and the general good pro-
| NOTED.
ment by wholesome publicity of the Poten-
tial wealth OF the State of louisiana and To
promote its progress by enlisting united CO.
| operation, financial and otherwise, OF all men
throughout the United States.
! To buy, own, acquire, sell, exchange, lease,
| donate, mortgage, hypothecate and 10 con.
tract to buy, sell, exchange and lease all
kinds of property, real. personal and mixed
! and 10 manage, operate, improve and develop
\ lands, mining claims, mineral rights, oil
wells and other real estate, and the interest
and right in any Of said property, insofar
as the may be incidental to its use,
rights and purposes.
!. To drill, open and work wells mines for
developing, producing and Obtaining gas, oil,
petroleum, coal, asphaltum, salt, sulphur, etc,
ore. metals and minerals, and volatile sub
stances Of all kinds, and to smelt; refine or
manufacture the oil or minerals found and
to buy and sell the same in their crude or
manufactured state.
| To buy, own, lease. build, erect or rent
/, buildings, machinery, fixtures and appliances,
. | and TO maintain. operate and suspend the
. same, more especially for the storage OF oil.
gas and the piping of the same to points
=. OF transportation, by the use OF machinery
: To erect and maintain warehouses and to
/ receive goods and property belonging TO 9th
r erS for storage, and TO issue warehouse re-
; ceipts therefor, and TO charge and collect
I | compensation therefor.
To buy, own, sell, construct, maintain and
operate boats, ships, barges, or any other
watercraft whatever to carry and convey pas
sengers, goods, wares and merchandise or
other property or commodity of this corpora
i tion, or of others, for profit, and to charge
| and collect compensation therefor.
Il To engage generally, as principal or. man
J, datory; in buying. and selling, retaining,
!: improving, cultiv9ting and operating lands /;
4 dredges, ditchers and other machinery and
e implements; in constructing, owning, leas-
S ing and operating railroads, tramways, ca
!. | nails and other means of transportation nee.
n essary or incidental TO the proper conduct OF
!. its private business, but not for public SER
d vice; in buying and selling, personal prop
/. erty of all kinds; and in manufacturing pro-
!: ducts of the soil, and buying and selling
2 same either in the original state or in man:
h ufactured form, at wholesale or retail; and
2 | il shall have authority generally TO do all
y things necessary or incidental to the proper
!. conduct of its affairs, whether specifically
: enumerated herein or not.
Article IV.-The corporate powers Of this
Is corporation shall he vested in and exercised
"A by board of FIVE directors, majority Of
v whom, sitting at any time, shall constitute
~ quorum Tor the TRANSACTION OF business
" said directors to be elected annually from
st the second Tuesday of the month OF J31u
1. airy beginning in 1917. Each stockholde
4 shall be entitled in person or by writer
- | proxy to one vote for each share OF stool
81 owned by him and standing in his nam'
is on the books of the corporation. All cleo
al tions shall be held under such rules ant
N | regulations as may be determined by IN
" Board of Directors or as provided in tn
N bylaws of this company, to be adopted D!
n the stockholders +.
held liable or responsible for the contracts
ID faults or debts of this company, nor shall
ce any mere informality in its organization hav
TO the effect of rendering this charter null, o
;s beyond the unpaid balance due on the share
We of stock owned by them, and in accordanc
ng with the further provisions as provldea %
m State of Louisiana for the year 1914.
rs Article NI-This act OF incorporation ma
he be changed, modified or altered, or this cor
poration may be dissolved with the assen
To- of the stockholders owning two-thirds OF tn
issued stock of this corporation, at meetin
F of the stockholders convened for that pun
pose and after legal and proper notice sha
have been given 10 each of said stockhold
r.. ers except whenever, in the judgment OF IN
-. hoard OF directors it shall be deemed adviss
Bile and for the benefit Of ,b TINS hosJ wtS
nd ten days after the adoption of a resoluti1
nd to that effect, by a majority OF the whoi
oh board at meeting called tor that purPoS'
e. %
received at least three days notice, sha
nv cause notice of the adoption OF such resol'
d. ton to be mailed to each stockholder g
gether with a notice of a meeting OF u
stockholders, to be held at the Office of Il
corporation, TO take action upon the resol'
'es ton so adopted by the board OF director
oI In case of the dissolution OF this corporate
I've by the expiration of its charter, or otheTwis
1ro the stockholders shall elect three liquidato
'a,s from among their number, who shall hay
'ok full power and authority to liquidate ar
.ha h,tSf
:. nany: in case of death or inability OF ar
Of said liquidators, the survivor or survive
shall appoint successor or successors
"' Article VII.-Untl the election to be he
ON the second Tuesdaysof the month OF ia
Mt nary, 1917, the following stOeakhoiders S W
liam S Holmes, Talulah, Louisiana; ihom
Law J. Clay, Whitecastle P. o., La; Donald Dc
our pain, Grunewald Hotel, New Orleans, L;
sTn Louisiana SnH {. Y. Smith, Grunewald Hot
.- IN Nf Article VfiI.%The capital stock of ii
Wit corporation, after having been transfer .S.
,at shall not be sold or transferred or oher
OF for sale or transfer by such subscriber, WI,
ade out first having offered such stock to u u
an. corporation and to the stockholders OF u
en-. CORPORATION at the then market or book val
he. thereof which market price shall be asc
sti- tanned by the then prevailing market pr
aw. of such stock, if such price prevails at 81
?r, ZINE when IL not, the book value of 81
hsS stock shall be ascertained either by an ayr
ment of the parties, or by two competent a
cor. | experienced business men, one to be chos
he. nv the subscriber and the other by this c
and poration or the stockholders or stockhold
lie prospective purchaser, when If said two p
line ties cannot agree upon book value, 81
act two parties so chosen TO choose a tn
cor, party, when the majority opinion shall
s.k vail In the event of the demise OF hol'
az or holders of the stock of this CORPORATE
ne the administrator, executor or representa-
tbe | of his estate to Immediately tender 81
This stock to this corporation and the stockho
ner ers thereof on the same basis. Such oil
r. and tender to be made by the holder or nc
csss ers of such stock to this corporation and
n stockholders thereof by the mailing OF Z
at istered letter containing such offer or ten
ths addressed to the last known addresses OF I
'A CORPORATION and said stockholders. Such o
cor. or tender TO remain open for period
hon. thirty (S0) days from the date OF the m
ore. ing of such registered letters, when II
,snM availed of, such holder or holders to be
Al, leased to make a sale transfer as
nm. sees fit. In the event of this corporal
Wv not availing itself OF such offer or ten
-en, such stock so offered to be equally pro "a
ans. between the stockholders of this corp
ton should they so desire to avail tn
co,. selves thereof, when if they do not such st
ence might be purchased by such stockholders
ooS desiring to acquire same. To such extent
zen stock as issued by this corporation shall
cent nom negotiable. =
,nee Article IX-The subscribers hereto