St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-03-14
CHARTER
Jones & Pickett, Limited.

Jones & Pickett, Limited.
United States of America, State of |
Louisiana, Parish of st. Tammany.
Article l.
Know all men by these presents, That
we, j. S. Jones, J. F. Pickett, Mrs.
Emma Jones and c. z. Williams,
ing themselves OF the law Of this State,
relative to the formation of private cor
porations do hereby form and constitute
ourselves and our successors into cor
poration under the name and title OF
JONES & PICKETT, LIMITED, and
the domicile of this corporation shall be
in St. Tammany Parish, Louisiana, and
it shall have existence for ninety-nine
years nnless otherwise sooner dissolved.
Article II.
The purposes of this corporation Is
established and the nature Of the bust-
ness to be carried on by it Is: The
manufacture and sale of Turpentine,
Rosin, Pitch, Tar and Navel Stores and
Supplies. The operation and carrying
on Of general mercantile business, and
the operation and carrying on OF the
business of common carrier of freight
and merchandise for hire by means OF
schooners and other vessels plying be-
tween points in st. Tammany Parish
and New Orleans, Louisiana, all in con-
nection with the business first above
mentioned. and to this end this corpo-
ration shall have the right aud power
to contract and be contracted with, to
sue and be sued plead and be impleaded.
To acquire the ownership and possess
sion of property real and personal, NOV
able and immovable, by purchase. sale,
exchange, prescription and in any other
manner and form authorized by law.
To lease, let and hire property real and
personal, movable and fmmovable. To
pledge, receive In pledge, mortgage and
take mortgage, upon all kind OF prop
erty subject thereto. To borrow money,
give security, sign bonds, etc. 10 make,
draw, endorse, issue and utter negotia-
BILE notes, checks, drafts, receipts. due
bills, bills of exchange, bills OF ladlng,
and to take, acquire, receive and hold
the same, and to do all other things and
acts necessary and proper in the exer-
else OF the rights and powers above men
tAOlCuS SbAu AA LILO NOhoAOAs AAASsAS9SAA1oAA
and government of the business and
affairs Of this corporation.
All citations and legal process shall
be served upon the President, and in
his absence upon the Vice President,
and in case OF the absence of both the
! President and Vice President, upon the
Secretary and Treasurer.
Article IL.
The capital stock OF this corpora ton
| is fixed at one hundred thousand $780,
OOO) dollars, divided into 1000 shares OF
$lOu each, and which shall be paid for
in cash at the time of subscribing there
| for, except as to J. S. Jones and j. F.
| Pickett, who may pay for stock in this
corporation with property real and per-
| sonal, movable and immOvable belong
| ing to Jones Il Pickett, u firm composed
| of said Jones & Pickett domiclled in St.
| Tammany Parish, Louisiana, and en-
gagged in the business above mentioned
and of which firm this corporation is
intended to be the successor. said }. 5.
Jones and J. +. Pickett, however, in
order that they may receive stock in
this corporation. in lieu of property be-
longing to said firm. shall make a sworn
cash valuation and inventory Of all
property intended to be turned over to
this corporation in exchange for stock
ther Elm, and deliver same to the Board
| OF Directors hereof, who shall consider
the valuation thereof and as soon as the
| valuation shall be- agreed to said Jones
and Pickett shall Immediately transfer
said property to this corporation and
upon which they shall each be entitled
to take as many shares OF stock in this
corporation as the property transferred
by them to this corporation will answer
for. Shares of stock shall be transfer
rable only by entry of the transfer in
the stock book OF this corporation and
the surrender OF the original certificates
of stock to this corporation to be cam
celled and new certificates OF stock
shall be issued to the transferee.
This corporation shall commence
business as soon as Fifteen Thous-
and Dollars worth OF stock has been
taken and paid for as above said.
Article w.
IKE pow ers, control and business af-
filrs o. this corporation shall he EIao-
aged Ivy and vested in and exersi,ct by
aboard ct three Directors. No person
shall be eligible rs director except stock
holders. \ c.aj ority Of the directors
shull constitute il quorum for the trans.
action Of business. A majority o. the
directors must be residents Of the Parish
of st. lnnmany. Each of the directors
shall have an equal voice and vote in
the affairs fthe corporation, The Board
Of Directors shall pass all Ordinance and
bylaws needtul and necessary for their
oW government and to carry ont and
exercise the powers conferred by this
Charter and the purposes for wLicu it is
Established. they shall require the
Treasurer OF the corporation to give
bond for the faithful performance OF his
duty beto-e he takes charge Of his Office
and PASS Oh the suficiency of the bon.l
rendered. Fix the com pensation oi the
officers OF this corporation. Employ AS
sistants, agents and employees for this
corporation and fix their duties, pre-
scribe their employnents and ccmpen-
sation and discharge such assistant,
agents and employees, employee! bv
them ut will aud whenever they see
proper, and hire others in their places,
and 60 everything needful and acessary
fairs of this corporation. The officers Of
this corporation shall be a President,
Vlc= President and Secretary and Treas.
urer, who shall he the Board of Dircc-
tors above mentioned. III voting Cor
Directors the stockholders shall desig-
nate Oh their ballots which shall be
President, which Vice President and
which secretary and Treasurer. Mr. j.
$. Jones shall be- the first President, Mr. |
]. L. Pickett, the first Vice President
an d Airs Emma Jones the irs. Secrc-
tary and Treasurer and they shall hold
their Offices until February II, 1904, atI2
o'clock A. at which time an election
shall De held by tho stockholders, and
directors and officers elected, who shall
serve Tor one year, and 6lrs ctors and |