The herald., 1918-12-05
CHARTERS

W
about six hundred (6OD feet, and extend
ing back towards Lake POntchartraln, be-
tween parallel lines, one-halt the distance
between the Gentilly Road and the Dwyer
Canal The oil, gas and mineral lease Gov
ering said above described land is hereby
appraised, by the undersigned, constituting
the Board OF Directors of this corporation, at
the sum of forty-seven thousand, five hun
ficers of the corporation hereby
authorized TO issue to said J. Alex
Ruedy in exchange and payment for
the OIL gas and mineral lease covering said
land, fOrty-seven thousand, five hundred
(E,5O0) full paid, worcestershire shares OF
the capital stock II this corporation, of the
par value Of one (Sl.OO) dollar per share; and
the Secretary OF this corporation is hereby
authorized to accept said lease in the name
and on behalf OF the corporation in full pay
ment for said forty-seven thousand, five
hundred (7,5JO) shares of stock.
ARTICLE E.-The business and affairs OF
this corporation shall be managed, and all
of the corporate powers thereof shall be vest
ed in and exercised by a Board OF Directors
OF not less than three 90 nor more than ten
Q0) directors, to be elected from among the
stockholders; a majority of the directors at
any time IN office. including the President
and other officers, shall constitute a quorum.
The said Board of Directors shall elect from
among their number President one or more
Nice-Presdents-the number to be determined
each year by each Board OF Directors
treasurer ana secretary. Inc OFFICES OF
Secretary and Treasurer may be combined
by the Board, and-filled by one and the
same person. Neither the Treasurer nor the
Secretary need necessarily be members OF
the Board of Directors.
The Board of Directors shall have the full
and complete control of the property of this
corporation and they shall conduct use and
manage the same as in their discretion they
may deem best, if not inconsistent with the
objects and purposes of the Company and
he nf he a. ard Of
Directors shall have the further power to
make, alter and annul such bylaws and
regulations for the government OF this cor
poration as they may think proper; and
shall have the right to appoint Executive
Committee to be composed of such number
OF directors as they might determine; and
shall have the authority to delegate and
confer on said Executive Committee such
power and authority as they, the said direc-
tors, may in their judgment deem necessary
and conducive to the best interest of this
corporation. The Board OF Directors shall
have the further power to appoint general
manager and all agents, clerks or employees
and fix their salaries and compensation, with
term of office, with the right to dismiss them
at pleasure; and the said Board shall have
the further right to fix and determine the
salaries of the several officers herein pro-
vided for. Any vacancy occurring in the
Board of Directors shall De filled by the
remaining members of said Board, for the un-
expired term. at any meeting of said Board
of Directors. Until the first meeting OF the
stockholders of this corporation as herein
provided for, or until their successors are
elected and qualified, the following named
constitute the Board Of Directors and officers
of this corporation: J. Alex Ruedy, Citi-
zens Bank Building, New Orleans; Casper
Q; R1edy, Congress Square Hotel, Portland,
ing, New Orleans; with J. Alex Ruedy as
President, Casper o Ruedy as Vice-President
and Hugh V. Donenll as Secretary and Treas
urer.
ARTICLE Won the third Monday of
January, 1919. and annually thereafter on the
third Monday of January of each and every
year, a meeting OF the stockholders of this
corporation shall be held at its domicile for
the purpose of electng directors for the en-
suing year. The said stockholders shall
first by vote, fix the plumber OF directors
for the. ensuing year, provided the said num-
Der is not less than the minimum nor more
than the maximum fixed by this charter, and
after such number has been fixed, then said
stockholders shall duly elect said directors.
The failure, from any cause whatsoever, TO
hold the annual meeting of stockholders. or
the failure to elect directors thereat, shall
not dissolve this corporation, but the direc-
tors and officers then in office shall re-
main in office until their successors shall
have been duly elected, qualified and in
stalled. Special meetings OF the stockhold.
ers may be called in the manner provided
by law, and all stockholders meetings shall
be held in accordance with, and in the man.
ner provided by, the bylaws of the corpora
ton.
ARTICLE vII-This charter may be
amended, and the capital stock of this cor
poration may be increased or decreased, or
this corporation may be dissolved. in the
method and manner provided by law.
ARTICLE VIII.-No stakeholder of this
corporation shall ever be held liable or re-
sponsibe for the contracts faults of this
corporation, in any further sum than the
unpaid balance of stock for which he has
subscribed, shall any mere informality
in organization have the effect of rendering
this charter null or of exposing stockholders
to any liability other than as above pro-
vided.
Thus done and passed. in my office, at the
month and year hereinabove first written,
in the presence of Edward Hare and Mar.
garet McGrath, competent witnesses, who
hereunto sign their names with said appear
ers and me, Notary, after due reading of
the whole.
Witnesses: Edward Hare, Margaret Nc.
Grath. Original Signed J. A. Ruedy,
Citizens Bank Bldg. New Orleans, La; c.
o. Ruedy, Congress So. Hotel, Portland. Me-:
By J: A. Ruedy; H. " Donneil, 706 Hiber.
mia Bank Bldg; New Orleans. La:
Public.
/, the undersigned, Recorder of Mortgages
in and for the parish of Orleans, State of
Louisiana. do hereby certify that the above
and foregoing Act of Incorporation, of the
GENTLY Gas & Oil Company, incorporated,
was this day duly recorded in my office, in
26, 1918 -
(Signed) EMILE ]. LEONARD. d. R.
true copy. FRANK VIM. HART, No
Dec. s-12,i9-06; Jan. 80.