The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-08
CHARTER.

firms and corporations, at such times, Tor
such prices and upon such terms ana con
ditiOnS, as they may deem advisable. Inns
power to buy and sell, mortgage pledge
and dispose of property, real and per
sOnal; to borrow and lend money, exc
cute mortgages, notes. bonds ana ",h'r
evidences of debt, and all powers h'F"lh
granted TO said board Of directors - - hc
exercised by them without the necessity
of referring To the stockholders OF the
corporation for special authorization.
said board of directors shall MAX" all
| the rules. regulations and 10y laws Tor III"
! government. control and management 81
! the business and affairs or the corpora
| ton. and alter. amend and change IN"
same at pleasure.
The following stockholders are hereby
| declared 10 be the first board OF dlrec.
! tors OF this corporation. all Of whom shall
/ hold office until the second Monday, "t
1 May. 1877. or until their successors shall
have been elected and qualified.
Gcorg" W. Poster. lo2S Ihal"r -.
Ggrondcirt St. New orleans; Walter \.
! piIzcn. - Nallrtte ST, New Orleans I.
| Clarence Bennett. 1918 St Charles ST.
/ New Orleans: Frank !. Eolr, 4Gli ) Car
| rolt"n Ave. New Orleans; Henry j. Hou-
drcauN. I3i CarOnd"lct ST. New Orleans ,
| Edward \. Parsons. 500 Whitney Bldg
/ New Orleans.
! Until the second Monday of May. 1921.
! or until their successors shall have been
] elected ana puaIliiet. the lolluNlHS named
| persons are h"rcl declared to h" the of
I iiccrs of this corporation:
/ Gcorg" W. Foster. president. Luke =.
EoudreauN. vice president; Frank j. Eol",
! secretary treasurer.
/ ARTICLE VINO StOrkhOldcr shall
ever l." held liable or responsible for the
contracts or faults Of said corporation IN
amy further sum than the unpaid bal
auce due on the shares of stock owned 10y
him nor shall any mere iuformality in
mr. NJ
this charter null or of exposing q stock
holder To- any liability beyond the amount
| Of his unpaid stock. nor shall any iufor-
malty or irr"gularity in organization ever
have the effect of rendering any stock
| holder liable aS partner.
/ ARTICLE NlIl.-ThiS act Of inrOrpora-
ton shall b" changed, modified or altered
or this corporation shall he dissolved
with tn" assent Of twO-thirds Of the stock
of the corporation. present or representa-
at general meeting called for that pur,
pose. after prior notice in writing 10 cacl
stakeholder or mailed to HIN at his last
/, known post office address in accordauc,
with law.
At the expiration Of This charter. or
III" earlier dissolution of this corpora
ton for any cause. its affairs shall b,
hquidated by one or more liquidatorS Z,
Toe elected 10y the entire stockholders. taI
of whom shall hold stock In said com
panyl and the said commissioners ar,
hereby vested with full power and author
ity TO liquidate the affairs Of said com
! Ibuy in accordance with law.
Il ARTICLE lN.-The appearcrS hcr"h,
declare that they have subscribed To- ~
number OF shares opposite their names
and the signatures thereto shall couSritut
their original subscription 10 the cauit:i
stock Of said corporation in the proper
. ton set opposite their names
Thus done and passed. in my notaria
office. in tn" city Of New Orleans on III
- day, month and year herrinrIrSt writ,
aud in the presence of Il. Schwartz an
4 W. II. Zee. competent witnesses VIII
hCreunto subscribe their names. with IN
said appearcrS and me. notary. after du
!, reading of the whole.
" Original signed: George W Fo>tc
4 twenty shares: l.. y. BoudreauX. twent
= shares; Frank J. BoIe fifteen shares: W
! A. Dizcll, fifteen shares; Clarence Ben
+ nett fifteen shares; II. J. Boudreaux fiji
- teen shares; Henry J. Williams. fftre
shares. per pro q. W. Foster.
Witnesses:
II. Schwartz
W. u. kee.
= r. \. PARSONS.
= Notary Puhl
|. the undersigned Recorder of Nor
J. cages, in and for the parish OF Orlean
= state Of Louisiana. do hereby certify thi
' the act Of Incorporation OF the charte
of the Tulane Oil Land and Improvement
:; Company. Inc, was this day duly r.
Il corded in my office in book 1916. folio
New Orleans. June !. 1920
y (Signed): EMILE j. LEONARD u. II
= \ true copy of the original on file an
" OF record in my office