The herald., 1920-07-15
CHARTER.

firms and corporations, at such times, for
such prices and upon such terms and con
ditions as they may deem advisable. This
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 and other
evidences of debt, and all powers herein
granted to said board of directors is to be
exercised by them without the necessity
of referring 10 the stockholders of the
corporation for special authorization.
Said board of directors shall make all
the rules. regulations and bylaws for TIN"
government. control and management of
the business aud affairs or the corpora
ton and alter. amend and change th"
same at pleasure.
The following stockholders are hereby
declared to be the first board of direc-
tors of this corporation, all Of whom shall
hold office until the second Monday OF
May, 1921, or until their successors shall
have been elected and qualified.
George W. Foster. lO2S Thayer St.
New Orleans Luke :. Boudreaux, 434
Dilzell. 30 Vallctte St. New Orleans 4;
Clarence Bennett. l6lS St Charles St.
New Orleans; Frank J. BOle, 1914 ). Car
rollton Ave. New Orleans; Henry J. Bou-
dreauN. 434 CarOndrlet 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 and qualified. the following named
| persons are herels declared TO he the of
! ficers Of this corporation:
George W. Foster. president: Luke s.
| BOndreauX. vice president: Frank J. BOle.
Sccreta ry-t treasurer.
ARTICLE Vino stockholdcr shall
ever be held liable or responsible for the
| contracts or faults Of said corporation In
| any further sum than the unpaid bal
ance due on the shares of stock owned by
him nor shall any mere informally in
| organization have the effect of rendering
| this charter null or of exposing a stock
holder TO any liability beyond the amount
| of his unpaid stock. nor shall any infOr-
4 mality or irrcgularty in organization ever
| have the effect Of rendering any stock
| holder liable as partner.
| ARTICLE NIlI.-ThiS act OF incOrpOra.
ton shall be changed, modified or altered
or this corporation shall be dissolved
| with the assent Of twO-thirds of the stock
| of the corporation. present OF represented
at general meeting called for that pur
| pose. after prior notice in writing to cacI
| stakeholder or mailed to him at his last
known post office address I'm accordanc,
with law.
At the expiration Of this charter. OF
the earlier dissolution of this corpora
tiOn for any cause. its affairs shall d,
liquidated by one or more liquidators I,
be elected by the entire stockholders. (al
of whom shall hold stock In said com
pany) and the said commissioners ar,
| neTtbN vested WIN luH power ana author
ity TO iquidatc the affairs of said com
ptny in accordance with law
/ ARTICLE lN.-The appearcrs hereb,
declare that they have subscribed To tn
number of shares opposite their names
and the signatures thereto shall cOnstitut,
their original subscription to the capita
! stock of said corporation in the prOpor
ton set opposite their names.
Thus done and passed, in my notaria
office. in the city of New Orleans, on tn,
day, month and year herenrirSt writer
and in the presence of X. Schwartz an,
W. ID. kee. competent witnesses. VIII,
hereuntO subscribe their names, with IN,
| said appearerS and me, notary, after dut
reading of the whole.
Original signed: George w. Foster
twenty shares; l.. s. Boudreaux invent,
shares: Frank J. Bole. fifteen shares; W
A. Dilzell, fifteen shares; Clarence Ben
nett, fifteen shares: ii. J. Boudreaux. fit
teen shares; Henry ]. Williams, fifteel
shares per pro G. W. Foster.
| Witnesses:
r. Schwartz.
W. ID. Kee.
+. a. PARSONS.
Notary Public
I. the undersigned Recorder of Mort
cages, in and for the parish OF Orleans
state of Louisiana. do hereby certify tina
the act of Incorporation OF the charte
OF the Tulane Oil Land and Improvement
Company, Inc, was this day duly re
corded in my office in book 1916. folio
New Orleans, June l. 1920
(Signed): EMILE ]. LEONARD. u. r.
A true copy of the original on file an
! OF record in my office.
E. A. PARSONS.
| Dubli,