The herald., 1918-03-21
CHARTER

ways, railroads, boats, barges, tank
cars, locomotives, steam. plants, pumping
stations, air plants and all such other ma,
chinery as may be necessary or incidental
thereto; TO build, construct, lease, purchase
or otherwise acquire buildings, machinery
and other apparatus for refining smelling,
manufacturing or otherwise working up the
products of mineral lands either produced by
this corporation or other persons or corpora
tions, and to refine, smeIt, manufacture, or
otherwise work all by products OF said min
erals, TO operate the said plant and market
the products and by products as manufac-
tured, TO the best advantage; 10 carry on
all such business appertainlng to oil, gas,
or other mineral products as may be neces-
sary or desirable. and as are generally car
ried on by corporations of this kind; to con-
duct farms, nurseries and do all that may
be necessary and generally done by per
sons or corporations engaged in this work.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum OF two
hundred and forty thousand dollars, (S24O,-
OOOOO, represented by thirty thousand 60
OOO shares of the par value OF eight dol,
lars $500 per share; provided the capita,
stock of this corporation may be increased
TO FIVE hundred thousand dollars (S5OOOOuO).
This stock shall be payable in cash, prop
erty real or personal, or TOR services per-
formed or rendered, and no stakeholder shall
be held liable or responsible IN any iur-
Their sum, than the unpaid balance due by
him on the shares of stock subscribed for
by him. nor shall any informallty IN the
organization of this corporation have the
effect of rendering any stakeholder liable or
multiplying this Charter.
Article V.-All the corporate powers OF
this corporation shall be vested IN Board
of Directors composed of three stockholders
elected annually on the second Monday IN
March of each year. Immediately after be-
ing elected the stockholders so elected 10 be
members of the board Of directors shall elect
from their number a president, a vice-presi-
dent a secretary and treasurer, the last
two positions may be filled by the same
person at the pleasure of the board, II the
board deem it proper and ft to combine
these two offices. The SAID board OF ditect.
ors shall have the power TO increase, in their
discretion, the number of members to form
the board of directors from three to nine
and in any event three members OF the
roard will constitute a quorum Tor the
Transaction of any business All elections
for board of directors shall be by ballot
and each stockholder shall be entitled 10 one
vote for each share of stock held IN TINS
corporation of record on the books OF TINS
corporation, in person or by written proxy
and a majority of the stock present or re
presented shall be necessary TO elect. Unti
the election to take place on the second
holders will serve as members of the board
| of directors: James J. Legal, ISL Espla
made Avenue, New Orleans; John G. Woods
| 600 Common Street. New Orleans; J. Franz
Osborne, 600 Common Street. New Orleans
with James J. Legal. President, ]. Franl
| Osborne. Vice President and John 6. Woods
Secretary and Treasurer. They shall remain
| in office until their successors are duly
elected and qualified