St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-03-21
CHARTER
Jones & Pickett, Limited.

Jones & Pickett, Limited.
Louisiana, Parish Of st. Tammany.
| Article I.
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 a cor
poration under the name and title of
JONES l. 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
moss 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 a general mercantile business, and
the operation and carrying on OF the
business of a 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 and 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 immovable. To
pledge, receive In pledge, mortgage, aud
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 lading,
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,
toned, and in the control, management
and government of TIE 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 Ut both the
President and Vice President, upon the
Secretary and Treasurer.
Article III.
The capital stock of this corpora ton
is fixed at one hundred thousand ($ lOO,-
0O0) dollars, divided into 1000 shares OF
500 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-
sonaI, movable and immovable belong
ing to Jones u Pickett, firm composed
of said Jones & Pickett domiclled in St.
Tammany Parish, Louisiana, and en-
gagged in the business above mentioned
aud Of which firm this corporation is
intended to be the successor. said j. s.
Jones and j. F. 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
theI 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 By 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 can
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 Nv.
Tie pow ers, control and businese af- !
fairs o! this corporation shall be man
aged by and vested in and exercised by |
a Board of three Directors. No pe rson !
shall be eligible as director except stock
holders A majority OF the directors |
shall constitute II quorum for the trans |
action of business. A majority o: the |
directors must be residents Of the Parish
of St. lammany. Each Of the directors
shall have an equal voice and vote in
the affairs of the corporation, The Board
of Directors shall pass all Ordinance and
l3y-Laws Eeedful and necessary for their
ov n government and to carry out and
exercise the powers conferred by this
charter and the purposes for which it is
established. They shall require the
Treasurer Of the corporation - give
bond for the faithful performance of his
duty befo1e he takes charge of his Office
and PASS on the suf6ciency of the bond
rendered. Fix the compensation of tho
officers OF this corporation, Employ as
agents and employees for this
and Fix their duties, pre-
scribe their employn4ents and ccmpen-
sation and discharge such assistant,
agents and employees, employed BY
them ut will and whenever they see
proper, and hire others in their placea,
md DO everything needful and ecessary
in carrying on and conducting tue af-
fairs of this corporation. The officers Of
this corporation shall be President,
V,c= President and Secretary apd Teas. +,
arer, who slnll lie the Board of Direc-
;ors above mentioned. III voting Cor
Directors the stakeholder shall desig-
nate on their ballots which shall be
which Vice President and
Which Secretary and treasurer. Mr.. J.
). Jones shall be the first President, Mr..
!, F. Pickett, the first Vice President
II Airs. Emma Jones the irst Secro-
airy and Treasurer and they shall hold J
heir Offices until February IL, 1904, atl2 I
o'clock NJ. at which time an election T
hall be held by the stockholders, and t
directors aud officers elected, who shall 9
erve for one year, and directors and 4
ulcers shall be elected at the SAN time c
nd IL fha sama ,vny An Nh IL ~ .lo.aaf4a. | t