The herald., 1917-08-16
CHAR TER
OF THE BENNERS SALT co, MOOR.
PORATED."

Re il known, That on this sixteenth day
| OF the month Of July, in the year OF Our Lore
| one thousand nine hundred and seventeen
and of the Independence OF the United State:
! Of America the one hundred and ioTtS-seeohu
| Before me, William Mcclellan fayssouN,
| notary public, duly commissioned and quaI
| ihed in and for this city and the Parish oil
! Orleans, therein residing, and IN the presence
Of the witnesses hereinafter named and un
| dersigned, personally came and appeared, the
! several parties whose names are hereunto
| subscribed, who Severally declared, thai
| avaIlIng themselves OF the laws OF the State
! Of Louisiana, in such cases made ana pro,
! vided, they have coycnanted and agreed, and
| do by these presents covenant and agree and
| bind themselves, as well as such persons as
| nay hereafter become associated with them
| to form a corporation and body pc! ltIc IN
/ law for the objects and purposes and under
the articles and supuations following to-wlti
Article 1.-The name OF this corporation
| shall he The Benners Salt Company, lncor'
! porated," and by that name 1t shall have
| power and authority TO exist and ENJOY sue
! cesSion for a full term and period OF ninety
nine (99l years commencing on and to be
computed from and after the date hereof.
Article 1.-THE domicile of this corpora
ton shall be in the City OF New Orleans
State OF Louisiana. All citations and other
| legal process shall be served upon the pTesl
| dent Of this corporation or in case OF his
absence or inability to act upon the vice
president or in case OF the absence or ina
| 5Ility OF both the president and the vice
president, upon the treasurer Of this corpora
/ ton.
Article III.-The objects and purposes foI
which this corporation is organized and the
nature of the business to be carried on by
1t are hereby declared TO be:
| To locate, purchase, lease and acquire lands
with the exclusive right TO prospect, drill,
mine, bore and sink shafts and wells for
! salt. oil and water and other mineral pro-
! ducts, TO buy and sell real estate and per
sOnal property and TO fully develop the
| same, to purchase, convey and transport salt.
| OIL, petroleum, gas and other minerals; IL
carry on the business OF prospecting for, stor-
| ing, mining, producing, refining, manufac-
| turing, piping, transporting buying and sell
| ing salt, petroleum, gas and other salt, oil
and mineral products; TO buy and sell and
! supply salt, oil, petroleum, gas and all other
| salt and oil products and minerals TO oper-
ate, build, construct. pump and maintain salt
Mines oil. petroleum and gas wells, to build,
construct, operate pipe lines, barge lines,
steamship lines, railroad lines, necessary for
the transportation and conveyance of salt,
oil, petroleum, gas, wafer and other mineral
products; to build, construct, produce, main
tam, erect and operate warehouses, pumping
plants, rehneries, factories, mills, workshops,
machine shops and laboratories and dwelling
houses for workmen and Others to manufac-
ture, buy, sell, import, export and deal in
pumps, drills, fuses, caps, candles, nitro
glycerine, dynamite and all necessary and
proper machinery, engines, drills and other
appliances ana COnNcnlenCcS LOT the use ana
operation in connection with the mining and
drilling of sale, oil, petroleum. gas and other
mineral products and for water; and to buy
and sell provisions, groceries, and supplies
and TO operate such store or stores may
or might be necessary for the buying and
selling of said provisions, groceries and sup
Plies, to operate such hotels and establish
ments as may or might be necessary and to
do all things necessary and incidental to the
carrying out OF the objects and purposes for
which this corporation is organized; and for
such purpose TO engage in business in the
State OF LOUISIANA and within any other
State or Territory or possession of the United
States or foreign country that will permit the
same
Article IV.-It shall have all the rights and
privileges granted by law to such corpora
tons and shall have the power to contract,
sue and be sued in its corporate name; TO
make and use a corporate seal, the same to
break and alter at pleasure; to buy, own,
hold, lease, receive, convey, mortgage, hy-
pothecate or pledge property, both real, per-
sonal and mixed; to issue bonds, notes and
other obligations, to have, engage and en-
ploy such oftlcers, managers and employees
as the business may require; TO make, adopt
and establish such bylaws, rules and regu-
lations IN the corporate name, not repugnant
to the charter of this corporation or the laws
OF the State of Louisiana or other States
Territories or possessions of the United
States or foreign countries in which it shall
engage IN business, for the management OF
the corporations affairs, as the stockholders
and board of directors may deem necessary
and expedient.
Article V-The capital stock of this cor.
poratIon shall be three hundred fifty thou
sand and OO/l00 ($35O,OO0OO) dollars, repre.
sented by three thousand FIVE hundred $500
shares OF one hundred and OO/lOO $4,000
dollars each.
The said stock shall be paid for in cash
when subscribed for and shall not at any
time be issued for less than par, or the same
may be issued for property actually received
by or services actually rendered unto the
said corporation, but said stock shall not he
ISSUED for less than par.
This corporation may become going con-
Germ and shall be authorized to commence
business when and as soon as two hundred
ten thousand & OO/l0O &2l0MOOO dollars OF
us us capital stock shall have been subscribed
Article Wall the corporate bowers Of
this corporation shall be vested in and exer-
cised by board of directors to be composed
OF not less than three or more than seven
s saoekhoideTs' to be elected annually on the
SECOND Monday in February of each year
All such elections shall be by ballot and
snail be held and conducted at the Office OF
TINS corporation, under such regulations as
tors. N
Notice of such elections shall n. given bv |
the secretary Of this corporation by publ. |
cation tor not less than ten (lO) days or;or
thereto in daily newspaper published in |
Language IN the City of New Or |
leans.
At all such elections and at all corporate |
meetings every stakeholder shall be entitled
10 one vote tor each share of stock standing
IN ms name on the books of this corpors
non, 10 be cast by him in person, or by |
written proxy, and the majority Of such
votes cast shall elect
any vacancy occurring among the directors
d tins corporation by death, resignation or
otherwise shall be filled by selection for the
1nexplred term by the remaining directors
"A failure TO elect directors on the date
above specified shall not dissolve the como.
ration. nor impair its corporate existence
but the directors then in Office shall rema;r
IN ofhce until their successors shall have
oeen duly elected and qualified. ANY direc-
TOT snail have the right to be represented
al any meeting of the board of this corno. |
ation, by an attorney holding said direc-
tor written proxy.
The board of directors shall a, ;,e g.. |
meeting and annually thereafter, elect from
among its number president, a vice.nres;-
1ent and treasurer. The board of directors
snail also elect a secretary who NAV or |
may not be stakeholder The Office 81 sec.
rotary and treasurer may be filled NV nm. |
board Vi VIC
The board of directors from time N ,;rr.
may name and appoint all such other Officers
ana agents as 1t may deem necessary for the
purpose and business Of this Corporation
Inc SAID board shall have power TO FIX and |
dehne the duties of every officer and EN-
pl0yee, and all officers and employees shall |
nold ONCE and employment at the pleasure
Of the board. The board NAV maxi and
establish, as well as alter and amend ali |
such bylaws. rules nd -