The herald., 1917-08-23
CHAR TER
OF THE BENNERS SALT co, INCOR
PORAIED."

! United States Of America, State OF LOUISIANA
! Parish Of Orleans, CIty OF New Orleans.
| Be it known, That on this sixteenth day
| Of the month Of Ju.y, IN the year OF Cur Lore
vur thousand nine hundred and seventeen
and OF the Independence Of the United States
81 America the one hundred and forty second
Before me, William Mcclellan FdyssOux, d
notary public. daily commissioned and quail
snrd, in and ioT TINS city aud the Parish OF
Orleans, therein residing, and IN the presence
u the Witnesses hereinafter named and I'M
dcs,gucd, personally came and appeared, the
,cycial PARTIES whose names are hereunlO
subscribed, who ,cverally declared, that
lydIiIug themselves 81 the laws OF the State
If louisiana, an such cases made and pro-
y,drd, they have coycnantcd and agreed, and
10 by these presents covenant and agree and
bind themselves. well as such persons as
NAY hereafter become associated with them,
% form a corporation and body polite IN
law for the objects and purposes and under
he articles and s:lpuiauons following to-wIt:
Article The name OF this corporation
shall DC The Beuners Salt Company, lncOr-
poratcd, and by that name II shall have
power and authority 20 exist and ENJOY sue
cesS'on for d iul! term and period OF ninety
nine Gy) years commencing on and to be
computed from and after the date hereof.
Article II.-The domicile OF this corpora
non shall be in the City OF New Orleans
State OF Louisiana. All citations and other
legal process shall be served upon the preSI-
absence or inability to act upon the vice
president or IN case OF the absence ina
bilIty 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 i organized and the
nature OF the business 10 be carried on by
It are hereby declared to be:
10 locate, purchase, lease and acquire lands
with the exclusive night 10 prospect, drill,
mine, bore and sink shafts and wells for
salt, oil and water and other mineral pro-
ducts, 10 buy and sell real estate and per
Sondl property and to fully develop the
same, 10 purchase, convey and transport salt,
OIL petroleum, gas and other minerals; TO
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 o.: products and minerals; 10 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, water 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-
uTe, buy, Sell, import, export and deal in
yiycer!ne, dynamite and all necessary and |
roper machinery, engines, drills and other |
appliances and COnvenIences for the use and |
,ptIatIon IN connection with the mining and |
iri!Ilng OF sale, oil, petroleum. gas and other |
mineral products and for water; and 20 buy |
mo sell provisions, groceries, and supplies |
md to operate such store or stores as NAV /
II might be necessary for the buying and |
cling OF SAID provisions, groceries and sup
Ines, to operate such hotels and establish |
nents as may or might be necessary and TO |
10 al! things necessary and incidental to the |
ARRIVING out OF the objects and purposes for
when tins corporation is organized; and for |
UGH purpose to engage in business in the
,tate OF Louisiana and within any other
'tate or Territory or possession of the United
'tates or foreign country that will permit the
anne
Article IV.-It shall have all the rights and
rlvlleges granted by law to such CORPORA
ions and shall have the power 10 contract.
ne and be sued in its corporate name; 10
1dke and use corporate seal, the same to
redk and alter at pleasure; TO buy, own
Ola, lease, receive, convey, mortgage, hy-
othecate or pledge property, both real, per-
ondl and mixed; TO issue bonds, notes and
iheF ooilgatlonS, to have, engage and en-
10Y such oihceTS, managers and EMPLOYEES
the business may require; to make adopt |
nd establish such bylaws, rules and reeu-
ATOMS IN the corporate name, not repugnant
! me charier OF this corporation or the laws
the State of Louisiana or other States
orritories or possessions of the United
tates or foreign countries in which il shall
ngage IN business, for the management of
re GorpoIatIons affairs, as the stockholders
no board OF directors may deem necessary
Article N.--The capital stock of this cor.
lrduon shall be three hundred fifty thou.
md and o/lO0 CSj5O,OO0OO) dollars, repre-.
'nicd by three thousand FIVE hundred 8soS,
la a,res of one hundred and 90 100 CsloCOS1 ,
1llars each NO''''' !
, l. he SAID stock shall be paid for in cash
men subscribed for and shall not at anv
me be issued for less than par, or the same
ay ne issued Tor property actually received .
or services actually rendered unto the
I'd corporation, but said stock shall not he a
sued tor less than par.
ms corporation may become a going cor, :
IN and shall be authorized TO commence :
.s'ness when and as soon as two hundred a
u thousand q Oo/lo (S2lO,G0.0O dollars of
capital stock shall have been subscribed 5
Article Wall the corporate oowers of n
: corporation shall be vested in and exer- h
'ed by board of directors, to be composed c.
10 less IMAM three or more than seven n
'ehhoIdeTs' TO be elected annually on the h
,,G2nd Monday in February of each wear n
Al such elections shall be by ballot. and ;;
all be held and conducted at the Office Of r,
> ToipofatoIi' under such regulations as a
> DC established by the board of direc- p'
\otice of such elections shall he given h., al
;; secretary OF this corporation by nubIi, II
non lor not less than ten QO) DAYS Drior 10
iT'o IN daily newspaper published in | al
ms. u -'e" VI Of
1t all such elections and at all cornor,,s III
eungs every stakeholder shall be entitled
one vote Tor each share of stock standing u
ms name on the books of this cornorae ,;
y, 10 De cast by him in person, or by iGg
itten proxy, and the majority of such | I'd
eS cast shall elect NN+ hi
my vacancy occurring amopu .be J;r... | ~
'hls corporation by death, resignation or ~
erwlSe shall be filled by selection fnr ~ | IN
-APlred term by the remaining directors |
IdHure 10 elect directors on the da,e | VI
I'VE specified shall not dissolve the coTno- Ia
ION nor impair its corporate existence. be
me directors then in Office shall remain be
oHiCT until their successors shall have re
;" duiy elected and qualified. Any direc. oh
shdIl nave the right to be represented pc
any meeting of the board of this corno. or
ION, by an attorney holding said direc. la
5 written proxy. II
he board of directors shall a, ire f-s, tie
eung and annually thereafter elect frorn | at
lhs us number president, vice-presi- Of
II II, ana treasurer. The board of directors ia
IA dIs3 eject a secretary, who may or fr
} nor De a stakeholder. The office of sec. W
a ana treasurer may be filled by one pl
,he same person at the discretion OF the ri;
ne board OF directors from time 10 time We
name and appoint all such other officers ov
agents as II may deem necessary for the OF
pose and business of this CORPORATION We
SAID board shall have power 20 fix and on
me the duties of every officer and EN- ON
yee' and all officers and employees shall de
once and employment at the pleasure on
he / | G.