The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER.

poratiOn shall be vested in a board of Ill
rectors, composed of seven stockholders
except that the officers of said corpora
ton have and exercise the power Srdhl"u
10 corporate officers by section 10 Of Act
No. pa of 1914. \ majority of the board
of directors shall constitute quorum for
transaction of all business. and a ma
Jority vote of the quorum present at any
meeting shall be empowered 10 do valid
and corporate acts. Said directors shall
be elected annually on the 2ud Monday OF
January Of each year, except when the
said day shall fall on a legal holiday. in
which event said election shall be held
on the day following, or as soon there
after a. practicable. and they shall hold
Ollie" for a term of ON" year or until
their successors shall be elected and
qualified.
Each stakeholder Of record on the books
Of said corporation shall be entitled u
east AT such meeting. either in person or
10y proxy. one vote for each share of stock
held by him, ami a majority of votes
east at such meeting shall elect or decide
any other question before il. All meet
in@S OF said stockholders or directors
shall be held AT the domirir Of the com
pauy except with the written consent Of
all of the directors, valid meetings Of the
board of directors may be- held outside
ia" state or in the state elsewhere than
at its dOmicle
Any vacancy occurring. for any cause
IN the board of directors. between the
dates of the annual meeting, herein pro-
vided for. shall be filled by the remaining
I members of the board of directors In
mrdiatrly after the election of the di-
rrrtor>. they shall meet and elect from
/ their number president. vice president.
and secretary and treasurer. The duties
/ OF such Officers shall be such usually
/ pertain To the position 10 which they are
! elected. and As such may be provided for
/ in the bylaws or as may be designated
/ by the board Of directors at any regular
/ or special meeting.
ANIMAL ru.atiu,y # ba stosL--
. holders shall be- held on the md Monday
. If January, 1923. subject to the foregoing
/ provisions. Until that time. the follow
/ lug shall act as the board of directors:
/ Robt. A. Davis. ]. e. Allen. Maurice T.
/ Brierre, r. f. Hartman, Bryan Bell.
Frank l.. puSenberry. W. l.. Clark. Jr..
until said date and until their successors
/ are elected.
! ARTICLE NII-The capital stock of this
/ corporation may be increased to $500
GoO.OO 10y the stockholders to carry on the
business, provided said increase be made
by vote of not less than three-fOurthS
! 90 of all outstanding stock; and prOvid-
Ing further that notice of such meeting
. to increaS" the capital stock, or decrease
the same in accordance with the law. shall
be given a provided by law. This char
ter may be amended or altered, in any
! respect. by complying with the laws Of
the state relative to the amendment of
charters, in force ut such time as such
/ amendment is completed.
Az " l4f. Ill his corporation may
be dissolved either by limitation or other
wise. and when dissolved its affairs shall
be lquidated by two commissioners elect
. ed from the stockholders, which liquida-
. tors shall. if required by the holders of
not less than 2jcc of the stock, furnish
bond not greater than the appraised
value of the assets. Said liquidatOrs
. shall remain in Office until the affairs OF
the corporation shall he fully settled and
. liquidated with full power and authority
10 do any and all acts or things necessary
or proper or conferred by law to wind up
the affairs of the corporation.
No stakeholder shall be held liable or
responsible for the defaults or contracts
of this corporation. or for any other mat
ter or thing, for any further sum than the
unpaid balance. If any, due upon the stock
subscription or upon stock owned by him.
nor shall any mere formalty or in
formality of the organization hereof have
the effect Of rendering this charter null.
or of exposing any stakeholder to any liza
bility beyond the unpaid balance, if any,
of his stock subscription.
Thus done and signed by the parties
hereto this the 18th A. u. 1922. in the
presence of me. notary. and the under
| signed competent witnesses.
Witnesses: Ross +. Breazeale.
ORIGINAL SIGNED:
Robert \. Davis. J. G. Allen, Maurice
V. Hierre, r. +. Hartman, Bryan Bell
Frank l.. Dusenb"rry.
W. MORGAN GURLEY.
Notary Public
l. the undersigned Recorder Of Mort
cages. in and for the Parish of Orleans
State of Louisiana. do hereby certify that
r the above and foregoing act of incOrpOra-
! ton of the Bienville Oil Company, In
, corpOrated. was this day recorded in my
office. in Book -, folio
New Orleans, April 22nd, 1922.
(Signed): ROBT. SCOTT,
Deputy Recorder
!. the undersigned notary public. in
and for the Parish of Orleans. State OF
Louisiana, certify that the above and
foregoing TO be a true and correct copy of
the original Act of incorporation of the
; Bienville Oil Company, Incorporated and
} on file and of record in my Office.
W. MORGAN GURLEY.
Notary Public
Apr. 21-June /