The herald., 1917-04-19
Remedial Loan Society
3o7-3oS Hennsn Bldg.
Take Elevator

mortgages. pledges, or other hy2'theca:sons;
same % break and alter ~ pleasure; 20 puT-
chase receive, lease, hold. or otherwise ac-
qilce and convey, as we'll as mortgage and
hypa;hecatc. under is corporate name, prop
er.y ho;a real, personal and mixed: % Dor
-rw money and make and issue bonds and
other evidences Of debt, and - secure the
same by mortgages or otherwise; % name
and appoint such managers and directors
officers and agents the interest and con-
vculcuCe OF said corporation may require,
and - make and establish, well as alter
and amend az pleasure. such bylaws, rules
and regulations Tor the management and /
regulation ot the affairs OF the corporation
a may be necessary, proper or convenient
Article 1.-THE domlclle OF this corpora.
ton shall be the City OF New Orleans, and !
al, citations or other legal process shall be |
served upon the president Of the corporation, |
or, IN his absence, upon the vlce-pTes!dent |
Article III.-The objects and purposes tor |
which this corporation IS established, and |
the nature OF the business 10 be carried on |
by IT, are declared and specified 10 be: To |
mine, dig and drll for, or otherwise obtain
from the earth, oil, gas, sulphur, salt and
other minerals; 20 manufacture, rehne. pre-
pare for market, buy and sell and transport
the same IN the crude or rchned condition;
% acquire for those purposes oil, gas, sui
| phur, salt. coal and other mineral lands and
| lease holds and other interests or rights IN
maintain conduts and lines OF tubing and
| piping for the transportation Of natural gas
| and fOr oil: 10 buy, sell, hold, lease, mort
| gage ALLEVIATE, and deal in real estate OF
all sorts; 70 drain. reclaim, colombo, develop
! and improve lands; 10 erect buildings and
| other structures, and 10 operate, lease, or
| otherwise handle them and deal therein; 10
! construct, acquire, maintain and operate all
| railroads, tramways, telegraph and telephone
| lines, canals. waterways, boats and other
| means of transportation necessary or conve-
| nIent in prosecuting the business OF the
company; to construct and operate hotels,
| warehouses and general stores; 20 issue
bonds, mortgages and hypothecations 70 the
| extent necessary or proper for its business;
| 10 acquire, and hold, sell, cucumber, or dis
pose Of stocks and bonds of other companies
| 10 the extent permitted by law; TO exchange
is entire capital stock, or any part thereof,
for property which il is authorized 70 &C
quire, or TO exchange its entire assets and
| business, any part thereof, for property,
stocks, bonds, or other obligations OF other
| companies; to hold stock in other corpora
tons; to perfect and acquire patent rights;
| improvements, or processes; and to do and
transact all business properly connected
with, incidental, or convenient to any Of
| Article lV.-The capital stock OF this cor,
| poration is hereby fixed at two hundred
and fifty thousand dollars Cs2Sl,OOO.00), TO be
thousand (2SOOO shares of par value OF
ten dollars $1,000 each, which shall be paid
for in cash. may be issued for property
actually received by the corporation, for
services rendered This capital stock may be
| increased up to the of FIVE hundred
thousand dollars (s50O.OO0OOl.
Article V.-All powers of this corporation
shall be vested in and exercised by a board
OF not less than three nor more than seven
directors; within these limits the number
may be increased at any time, and the new
| Offices filled by a two-thirds vote OF the
entire directorate The board shall elect
from their number president, a vice-presi-
dent, a secretary and treasurer, and such
, other officers they may think proper or
convenient for the carrying on OF the COM
psnys business, and shall have power 70
| unite two more Offices, and the same TO
confer upon one person, or TO dispense with
. any Office in its discretion, and 10 nix the
| salaries of all officers, agents and employees.
: The board of directors shall be elected an.
$ uually on the second Monday of March OF
{ each year, the first election to be held IN
the year 1918 All such elections shall be
v BY ballot, at the Office OF the corporation
. Notice Of annual meetings, as well as Of
j special meetings of stockholders shall b:
$ | given by written notice mailed htteen Us
E | DAYS in advance of the date for such meet
r ing. 70 each stockholder appearing as such OF
| the books of the company, at his last des
n rated an address. Each shareholder shall
IF be entitled to vote for each share o
IT stock standing IN his name on the BOOK
" person or by proxy, and majority OF IN
y votes cast shall elect. The board OF direC
le .ors shall have the power 70 NIL all vacar
les which may occur, or IN any manne
te lrise or be created on the board OF directors
k wen though quorum remain at the tim
h such vacancies are to be hlled. Failure
OF ,lect directors on the day above specific
b. hall not dissolve the corporation. but ii
I'd directors then in Office shall remain IN othC
lie until their successors are elected. The boar
in f directors shall have power to make. an
Is bylaws, rules and regulations necessary ar
he roper for the support and management
K he affairs and business of the corporatio
nd md not inconsistent with its charter. II
hoa-I shall baye VithOut referring
h he stockholders, to borrow money, execu
nd mortgages, issue notes, pledges, bonds;
of other Obligations, in such. amounts and
- such terms as in their judgment may
.r- advantageous; and generally TO do all thin!
he reasonably necessary or convenient for q
proper carrying on of the business of Il
/. ized TO issue and deliver full paid shares
;c stock and bonds or obligations OF the cor
IS pany, in payment OF property acquired {
of said corporation, and especially Tor I
on Charles A. Poirson, at such valuation as !
NV their judgment may be proper. maJori
of the directors shall constitute quoru
for the transaction of business. The boai
Of directors shall have the power. by vo
Of not less than two-thrds OF all director
20 sell all or any. part OF the property; NOV
bic and immovable, belonging to the co
- poration, or to receive in exchange theTef
money or stocks or bonds, other obig
tions of another individual, firm, or corpor
IL ton, of any character, without referring
the shareholders for power TO do so. ,
he any meeting of the board of directors, ar
II director absent from the meeting may
N represented by any other director, who ma
~ cast the vote of the absent director accor
g ing 70 the written Instructions, either gel
al eral or special, Of said absent directo
II. Until the annual meeting of 1918, or unit
i, the board is enlarged, as herein. provide
al the board of directors shall consist of II
4 following: o. G. Devenish, post-ofice a
"a dress, 800 Burns Block, Calgary, Canad
ne Marenus Janse, post-ofice address, No; IS
~. Robert street. New Orleans. La; w. !
m Campbell, postofice address Macarthur Bull
- ing Portage Avenue, Winnipeg, Canada.
e. the foregoing Marenus Janse shall be pre-
~ dent, C. G. Devenish. vice-presiden;, ar
". w A. Campbell. secretary and treasurer.
nd Article VI.-This act of Incorporation m;
e. be changed, modified, or amended, or tn
y. corporation may be dissolved in the mann
- provided by law, by vote of two-thirds
n. the entire outstanding capital stock, prese
We or represented, at a general meeting OF {