The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-09
CHARTER
OF THE BENNERS SALT Co, INCOR
PORATED."

Be il known. That on this sixteenth day
Of the month OF July, in the year Of Our Lord
one thousand nine hundred and seventeen
and Of the Independence u the United states
Of America the one hundred and forty second
Before me. William Mcclellan taysSOuN, a
notary public, duly commissioned and quail.
med in and for this city and the PARISH oil
Orleans therein residing, and IN the presence
Of the witnesses hereinafter named ana un-
dcr,ICucd, personally came and appeared, the
several parties whose names hereunto
subscribed, who Scvcrally declared, thdt
awaiting themselves Of the laws Of the state
oi louisiana, in such cases made and pro
vided they have CovenantCd and agreed, and
do by these presents covenant ana agree ana
bind themselves. as well such persons as
may hereafter become associated with theih'
to form a corporation and body polite IN
law for the objects and purposes and under
the articles and StIpuations following to-wit:
Article The name OF this corporation
shall be The Benners Salt Company, lncor-
porated," and by that name 1t shall have
power and authority 10 exist and ENJOY sue
cess,on for full term and period OF ninety
nlre (qgD wears commencing on and TO be
computed from and after the date hereof.
Article 1.-THE domicile of this corpora
zion shall be in the City Of New Orleans
State OF Louisiana. All citations and other
legal process shall be served upon the presi-
dent Of this corporation or IN case OF ms
absence or inability TO act upon the vice
president or in case of the absence or ina
jility OF both the president and the vice
president, upon the treasurer OF this corpora
ton.
Article III.-The objects and purposes for
which this corporation is organized and the
nature Of the business 10 be carried on by
it are hereby declared TO be:
To locate, purchase, lease and acquire lands
with The exclusive right to prospect, drIll,
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; 10
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
oil, petroleum, gas, water and other mineral
products; to build, construct, produce, main
tan, erect and operate warehouses, pumping
plants, refinerieS, 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
appliances and conveniences for the use and
operation in connection with the mining and
drilling OF sale, oil, petroleum. gas and other
mineral products and for water; and 20 buy
and sell provisions, groceries, and supplies
and to operate such store or stores as 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
lions and shall have the power 10 contract,
sue and be sued in its corporate name; 10
make and use a corporate seal, the same to
break and alter at pleasure; to buy, own,
hold, lease, receive, convey, mortgage, n.y.
pothecate or pledge property, both real, per-
sOnal and mixed; to issue bonds, notes and
other obligations, to have, engage and en-
ploy such officers, 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 other States
Territories or possessions OF the United
States or foreign countries in which il shall
the corporations affairs, as the stockholders
and board of directors may deem necessary
and expedient.
Article V.-The capital stock of this cor
porltiOn shall be three hundred fifty thou
sand and 00/lOO CS3S0,O00OO) dollars, repre-
scented by three thousand five hundred $500
shares of one hundred and OOIOO $4,000
dollars each
The said stock shall be paid for in cash
when subscribed for and shall not at any
issued les han tba
may be issued for property actually received
by or services actually rendered unto the
said corporation, but said stock shall not be
ISSUED for less than par.
This corporation may become a going con-
Germ and shall be authorized to commence
business when and soon as two hundred
ten thousand & 0OI0O (S2lOOOOOO dollars of
its capital stock shall have been subscribed
for.
Article VI.-All the corporate powers of
TINS corporation shall be vested in and exer
cised by board of directors, to be composed
OF not less than three or more than seven
stockholders, to be elected annually on the
second Monday in February of each year.
All such elections shall be by ballot, and
shall be held and conducted at the office of
TINS corporation, under such regulations as
may be established by the board of direc-
tors.
Notice of such elections shall be given by
the secretary OF this corporation by publ
avn ioi AOt lSSS IMAM Ten IlU) DAYS prior
thereto IN daily newspaper published in
English language in the City of New Or
leans.
AT all such elections and at all corporate
meetings every stakeholder shall be entitled
to one vote for each share of stock standing
IN ms name on the books of this CORPORA
ton, to be cast by him in person or nv
written proxy, and the majority of such
votes cast shall elect.
Any vacancy occurring among the directors
Of this corporation by death, resignation or
shall be filled by selection for the
term by the remaining directors
A failure 10 elect directors on the date
above specified shall not dissolve the corpo-
ration, nor impair its corporate existence,
but the directors then in office shall remain
IN otlce until their successors shall have
been duly elected and qualified ANY direc-
tor shall have the right TO be represented
at any meeting Of the board of this corpo.
ration, by an attorney holding said direc-
tors written proxy
The board of directors shall at its first
meeting. and annually thereafter, elect from
among its number a president, a yice-presi-
shall also elect a secretary, who NAV or
may not be a stakeholder. The office of sec.
rotary, and treasurer may be filled by one
and the same person at the discretion of the
board
The board of directors from time 10 time
may name and appoint all such other officers
and agents as 1t may deem necessary for the
purpose and business of this corporation.
The said board shall have power to fix and
dehne the duties of every officer and en-
Pioyee, and all officers and employees shall
hold Office and employment at the pleasure
of the board. The board may make and
establish, as well as alter and amend all