The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-04
CHARTER.

conveying and delivering oil, gas, or any
and all kinds of minerals, their products
or by-prOductS, to acquire, build. own,
lease and operate refneries of any and
all kinds including the operation of plants
and machinery for the manufacture ana
sale of carbon. gasoline. kerosene, casing
head gas, or any other products or ny
products which may be manufactured from
oil or gas OF other minerals; 10 purchase
and sell oil. gas, or any and all KINDS or
other minerals, mineral products, by
products. OF any articles that may be- man
ufacturcd from Oil or gas or other miner
ais; to lay tracks and TO operate railways.
tramWayS, tramrOadS, etc, necessary %
carry on the business herein enumerated
and incidental To the developments herein
Speclhed; 10 acquire. own. lease Subleise
and operate cOmmiSSarieS. boarding
houses, rOOnilnS houses, rOOmlnE places
and 10 that end TO purchase and sell lease
and suitcase OF otherwise acquire ana
ALLEVIATE any and all kinds of property. real
and personal. to act as agent on commits
sion for Others in performing any OF In"
above named acts to do and perform any
of the above named acts in the state Of
Louisiana or any State in the United
States, the Federal Districts, Territories
or possessions Of the inlted states ana In
foreign countries. and generally TO do ana
perform any and every act necessary TO
! carry out the purposes herein provided for
or that max be incidental thereto.
ARTICLE III.-The authorized capital
! SNDNh ID lIllN COZ ppIdNAtA - htlf'N hNN'A
| at twenty-five thousand dollars tS2IWnl
divided into twenty five hundred (2,JOO)
| shares, At par value OF ten dollars iSlOj
per share. which shares when issued shall
! he fully paid ard non-aSSes sable. Their"
! shall be not preferred stock, but all stock
| shall b" OF the same class, equal in all
| respects, including its voting power. each
| stakeholder being entitled to east. either
| in person or by proxy, one vote for each
! share Of stock owned by him. Said stock
may be paid for in cash, property trans
| f,rred to the corporation or services per
! formed ut u valuation to be approved by
! its Board of Directors. This corporation
shall be authorized 10 commence business
when nifty per cent Of its authorized cap,
ital stock shall have been subscribed and
paid for. The authorized capital stock OF
this corporation may be increased to two
hundred thousand dollars CS2OO,OOO) by
| complying with the law in such cases
made and provided.
| ARTICLE IV.-1he period of eNiStcnC,
or duration of this corporation is hereby
| hNed mt ninety nine tS9D years from IN,
date of this act, unless sooner dissolved
under the provisions of this law.
ARTICLE V.--ThiS corporation shall
have power to contract, sue and be sued
| to make and use corporate seal and the
| same to break or alter at pleasure; q
hold. receive. purchase, lease, suitcase, OF
otherwise acquire; to sell, convey or other
| wise diSpOS, OF, as we'll as to hypOtheCat,
and mortgage under its corporate name
any property both real and personal; e
name and appoint SECh officers and agent:
as the business of this corporation may
require: to make laws, bylaws, rules anC
regulations for the government of the af
| fairs of said corporation and the same tC
alter or change at Will; to wind up anC
dissolve itself. or to be wound up and
| dissolved in the manner hereinafter pre-
scribed. To conduct business and main
| tain offices in this State, other States, tn,
| Federal Districts. the Territories and pos
sessions of the United States, and in for
eign countries, by complying with the
laws thereof.
| ARTICLE VI-The affairs of this cor
pOratiOn shall be managed and controlled
by a Board of Directors, consisting of hvt
| stock holders, three of whom shall cOnStl
tute IA quorum. Provided, that the mum
Der of Directors of this corporation may
| be increased TO seven with the same Quail
ifcations as the Directors herein provided
for. The Board of Directors of this cor
poration shall have authority to exercise
all the corporate powers of this corpora
ton. subject, however, TO any restrictions
which may be stipulated in this charter
and they shall have power to fill all va
| cancies occurring Ey death. resignation Of
| otherwise; to employ and discharge a
. | pleasure any and all agents, managers
| clerks or other employees necessary
| conducting the affairs of this corporation
and shall fix the salaries of all officer
, and employees. with full power to increas
or diminish the same at its pleasure; ant
may dispose of all the property OF thi
| a
stockholders shall approve such sale at
meeting of said stockholders legally calle
for such purpose. All citations or lega
process shall be served on the Presiden
of this corporation, or. in the event OF hi
absence, on the Vice President, or, i'll tn
absence of both of them, upon the Secre
! tary Treasurer. The Board Of Director
shall elect annually from among them
selves President, Vice President, Sec
rotary and a Treasurer, which latter office
: may be combined and held by one an
: the same person. The following STOCK
holders shall constitute the first Board {
| Directors and officers, who shall hold the
office until the second Monday in Januar!
: 1921. or until their successors are electe
and have qualified, Viz: Ollie e. Hal
: President: Joseph +. Ebert. Vice Pres
:, dent: william H. Howcott, Secretary
u Treasurer: Peter II. MonrOse, William
Brand, all residents of the city OF Ne
: Orleans, State of Louisiana. meetin
Il of the stockholders of this corporate
e shall be held at the office of this cOrpOr;
i ton on the second Monday in Januar
q 1921. at which time, and annually Their
u after, Board Of directors shall be cleo
" ed provided that with the written col
: sent of all the Directors valid meetings
II Directors may he held outside the sta
Z or within the State elsewhere than at i
T domicile. Notice of the holding of the al
{ nual stockholders meeting shall be give
i according to law The failure omiSSiO
o to hold the annual election of officers an
: ! Directors of this corporation in the maj
c ner and at the time ana place SpeclIleu
. this charter shall in ne manner suspen
u or affect the business of this cOrporatio
!, but the corporate officers then in chars
: shall hold office until their places a
J. filed by n new election to be provided f.
Il by the Board of Directors, or until the
$ successors are elected and have qualihe
5, ARTICLE Vino transfer of stOC
) shall be binding upon this corporation NJ
less the same shall have been made upC
(, the application of the owner. or his al
!. thorized agent and is duly entered upC
the books of this corporation.
ARTICLE VIII.-This charter may !
: amended and its capital stock increas.
:, or decreased, or this corporation may
p dissolved. by complying with the pr
/ visions of law in such cases made al
II provided. Whenever this corporation
II dissolved by limitation or otherwise, /
| affairs shall be liquidated or settled ]
one or more iquidatOrs elected or appoln
ed by the stockholders at a meeting CALI
for that purpose, and such iquidato
shall have power to perform such duti
and give such bond as the stockholde
= may direct and require.
: ARTICLE IX.-It is hereby deciar,
that each member of the Board OF Il
rectOrs hereinabOve named is the own
3 in his own name and right, fully pa
AZ and urrencumbered, of at least one sha
v | of the capital stock of this corporate
he and hereafter each director elected sh;