The herald., 1919-10-30
CHARTER.

Dollar per share. The amount of stock
| may be increased to Ten Million ($10, 000,-
O00.0Ol Dollars. Said stock shall be is
| sued for cash, or the whole or any portion
of said stock may be issued in exchange
| for property after being appraised by
the Board of Directors: and the Board of
Directors hereinafter created is specially
| authorized to issue and dispose of the
| stock of this corporation for any and all
purposes in such wise as its Judgment
may dictate, and in accordance with the
laws of the State of Louisiana.
| ARTICLE v.-All the powers of this
| corporation shall be vested in and eX-
ercised by a Board composed of three
directors. Said Board of Directors shall
have the right at any time to increase
| its number not to exceed nine 90 direc-
| directors. Said Board of Directors shall
have the right to fill all vacancies on
said Board resulting either from death,
| inability or resignation or other cause,
or because of the increase in the number
| of said Board, even though no quorum re-
main at the time such vacancies are to
| be filled; said Board of Directors shall
| be elected annually, by ballot, at a stock
| holders meeting called for that purpose
on the first Monday in November of each
year( or the next legal day if that be a
| holiday after due notice given to the
| stockholders by mail at least fifteen O5D
| days before the date of said meeting
| Each holder of stock shall be entitled to
one vote delivered in person or by proxy
| for each share of stock standing in his
| name on the books of the company, and
majority of the votes cast shall elect
Failure to elect directors on the day
| above specified shall not dissolve the cor
| poration, but the directors then in office
| shall remain in office until their success
| sors are elected and qualify Tn Board
| of Directors shall elect from their num-
| Der president, a yice-president and
| secretary and treasurer, provided that the
| Board may dispense with any of said
officers and tori may combine any of
| them-and may elect such other officers
| (whO need not be members of the Board
| or stOckhOlders) as they think proper or
| convenient for the carrying on of the COM
pany's business, and they shall fix the
salaries of all officers, agents and en-
| ployees. At any meetings of the Board
| of Directors any director absent from the
| meeting may be represented by any other
| director who may cast the vote of the
| absent director according to the written
instructions, either general or special, of
| said absent director The Board of Di-
rectOrS shall have authority to make and
establish, as well as alter and amend, all
| bylaws, rules and regulations necessary
and proper for the support and manage
| ment of the business and affairs of the
| corporation and not incOnsi1 ant with
] this charter, and they shall have the
power to authorize the borrowing of
| money and the issuance of notes. and the
| executions of mortgages and pledges, and
| generally to do all things necessary for
| the proper carrying on of the business of
this corporation. A quorum of the board
| shall consist of not less than three 90
directors.
| Until the general meeting of the stock
holders for the election of directors to
| be held on the first Monday of November,
1920, or until their duly qualified success
sOrs are elected and installed, the Board
of Directors shall be composed of: Julian
! Swoop, address 1925 Josephine Street, New
| Orleans, La; S. Il. Forman. address 1875
| Calhoun Street New Orleans, La; j. N.
Sxrin ahA
Orleans, La. OF the foregoing, Julian
| Swoop shall be president, j. n. Swing,
vice president and s. Il. FOrman, secre-
| tary and treasurer.
ARTICLE vi This act of incorpora-
| ton may be changed. modified or amend
ed, or the corporation dissolved, by a
vote of two-thirds of the entire capital
| stock present or represented at gem
eral meeting of the stockholders convened
| for such purpose, after previous notice
shall have been given in the manner above
required to be given of the annual meet
| ing of the corporation.
| ARTICLE Wifi this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be Ii
| Quidated by three commissioners to be
| appointed at the meeting of stockholders
convened for the purpose of liquidation,
and to be elected by the vote of all the
stockholders voting upon parity. Said
| liquidators shall remain in office until
the affairs of the corporation shall have
been fully settled and liquidated and they
shall have full power and authority to
| transfer and give title to all the property
| and assets of the corporation and to
| distribute the proceeds. In case Of death,
| disability or resignation o. one or more
! liquidatOrs, the vacancy shall be filled
| by the survivor or survivors.
| ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
| contracts or faults of said corporation in
any further sum than the unpaid balance
| due on the shares of stock owned by him,
nor shall any mere infOrmality in Organi-
zatiOn have the. effect of rendering this
charter null or of exposing any stock
holder to any liability beyond the amount
| due on his stock.
| ARTICLE IX.-The appearers hereto
declare that they have subscribed to the
following number of shares of the capt.
| tai stock of this corporation, tO-wit:
Julian SwOop, two thousand (2,000) shares,
s. b. FOrman, two thousand (2,000) shares
j. Swing, trustee, twenty-six thousand
| (26,0OO) shares.
Thus done and passed, in my office
in the City of New Orleans, on the day.
month and year first above written. in
the presence of st. Clair Adams and c.
Macarthur, competent witnesses who
| have signed these presents, together with
the said affiants, and me, notary, after
due reading of the whole
Witnesses: st. Clair Adams, c. Nc
Arthur.
Original Signed) Julian NJ. Swoop
| (2,O00) two thousand shares; S. b. For
man (2,000 two thousand shares; J. n.
Swing, Trustee, (26,OO0) twenty six thou
| sand shares.
| FRANCIS P. BURNS,
| Notary Public.
| /, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana do hereby certify that
the above and foregoing Act of Incorpora-
ton, of the Shakespeare Oil Company, In
| corporated, was this day duly recorded
in my office in Book 1881, Folio -.
New Orleans, October 25, 1919.
| (Signed) EMILE J. LEONARD, by. R.
| true copy.
FRANCIS P. BURNS,
| Notary Public.
| Oct. 80 Nov 6-Dec. 4.