The herald., 1922-05-18
CHARTER.
resolution of appraisement attached here
to and made part hereof.


to and made part hereof.
ARTICLE VI-An power OF this cor
poration shall be vested In board OF d.
rectors, composed of seven stockholders,
except that the officers of said corpora,
ton have and exercise the power granted
TO corporate officers by section 10 of Act
No. 267 of f914. A majority Of the board
Of directors shall constitute quorum for
transaction of all business, and ma
jority vote of the quorum present at any
meeting shall be empowered to do valid
and corporate acts. Said directors snail
be elected annually on the End Monday OF
January of each year, except when the
said day shall fall on legal holiday, IN
which event said election shall be held
on the day following, or as soon there
after as practicable, and they shall hold
Office for a term OF one year or uhtli
their successors shall be elected ana
qualified.
Each stakeholder of record on the books
of said corporation shall be entitled TO
cast at such meeting. either in person or
by proxy, one vote for each snare OF STOCK
held by him, and a majority of votes
east at such meeting shall elect or decide
any other question before it. All meet
ings of said stockholders or directors
shall be held at the domicile or the com +
pany except, with the written consent OF
all of the directors, valid meetings of the
board of directors may be held outside
the state or in the state elsewhere than
at its domicile.
ANY vacancy occurring, for any cause.
in the board of directors, between the
dates of the annual meetings herein pro
vided for, shall be filled by the remaining
members of the board of directors. I'm
| mediately after the election OF the d.
| rectOrs they shall meet and elect from
their number a president, vice-president
| and secretary and treasurer. The duties
of such officers shall be such as usually
| pertain to the position to which they are
elected, and as such may be provided foI
| in the by laws or as may be designated
| by the board of directors at any reSuIai
| or special meeting.
The first annual meeting of the stock
holders shall be held on the End Monday
If January, 1923. subject to the foregoing
| provisions. Until that time. the follow
ing shall act as the board OF direetor +
| Brierre, r. f. Hartman, Bryan Bell
Frank l.. Dusenberry. W. l.. Clark, Jr.
| until said date and until their successor
! are elected.
ARTICLE yII-The capital stocs or THU
| CORPORATION may be increased to 500,
10000 by the stockholders to carry on tn
business, provided said increase be mao
by vote of not less than k.ee-fourth
| "a of all outstanding stock; and provld
ing further that notice OF such meetln,
TO increase the capital stock, or decreas
the same in accordance with the law, shal
be given as provided by law. This char
ter may be amended or altered. in an!
|
the state relative to the amendment o
charters, in force at such time as sucl
amendment is completed.
ARTICLE VIII-This corporation ma
be dissolved either by Limitation or other
wise. and when dissolved Its aHalrs shal
he liuuidated by two commissioners elect
ed from the stockholders, which liquida
tors shall if required by the holders Q
not less than 259o of the stock, furnis
bond not greater than the apPIaise
at
shall remain in office until the affairs Q
the corporation shall be fully settled an
liquidated with full power and authorlt
to do any and all acts or things necessar
or proper or conferred by law TO Wlnu u
the affairs of the corporation.
No stakeholder shall be held liable Q
responsible for the defaults or contrac,
of this corporation, or for any other MAJ
ter or thing, for any further sum than III
unpaid balance, IL any, due upon the stoc
subscription or upon stock owned Dy MN
nor shall any mere formality or ii
formality of the organization hereof nav
the effect of rendering this charter nui
or of exposing any stockhoIder TO any II,
bility beyond the unpaid balance, III an
of his stock subscription.
Thus done and signed by the parti,
hereto this the 18th A. ID. 1922, In u
presence of me, notary, and the unde
signed competent witnesses.
witnesses: Ross +. BreaZeale.
ORIGINAL SIGNED:
| Robert A. Davis. J. c. Allen, Mauri
J f. Bierre. r. f. Hartman, Bryan be
Frank L. Dusenberry.
W. MORGAN GURLEY,
Notary Publ
I. the undersigned, Recorder Of Nor
I | cages, in and for the Parish OF Orlean
State of Louisiana, do hereby certify IN
8 the above and foregoing act Of incorpoT
| ton of the Bienville Oil Company, L
corporated, was this day recorded In n
| office in Book -, folio =.
New Orleans, April 22nd, 1922.
= ,Sipned,: ROBT. SCOTT,
l. Deputy Records
I. the undersigned notary public,
$. and for the Parish Of Orleans, State
m Louisiana certify that the above a
q foregoing to be true and correct copy
v the original Act of Incorporation OF I
II Bienville Oil Company, Incorporated, a
a. on file and of record in my office.
= W. MORGAN GURLEY,
|. Notary Publ
Is Apr. 2I-June
CHARTER OF COLOSSAL INNEs