St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-02-21
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.
+. Pickett and Mrs. Emma Jones, avail
p, ing themselves Of the law of this State,
relative to the formation Of private cor
porati'ns 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
1t shall have existence for ninety-nine
years unless 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 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 aud power
to contract and be contracted with, to
sue and be sued plead and be impleadedl.
! To acquire the ownership and posses
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. 10
| pledge, receive in pledge, mortgage and
take mortgage, upon all kind OF prop
erty subject thereto. To borrow money,
give security. sign bonds, etc. To. make,
draw, endorse, issue and utter negotia-
bic 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, aud 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 tue absence Of both the
President and Vice President, upon the
Secretary and Treasurer.
Article III.
The capital stock OF this corporation
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-
sollal, movable and immovable belong
ing to Jones l. Pickett, firm compO sed
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. +. Pickett, however, in
order that they may receive stock in
this corporation, in lieu Of property be-
longing to said firm. shall make q 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 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 can
celled and new certificates Of stock
shall b. 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.
Ito powers, control and business af-
fnrs o. this corporation shall he E1an-
aged by and vested in AMI exercised b.
a Board CT three Directors. No person
shall be eligible as director except stock
holders. A majority of the directors
sl"'l constitute quorum for the trans.
..ction of business. A majority o. the
of st. lammany. Each of the directors
sh Ill have an equal voice and vote in
tao afftirs of the corporation, The Board
of Directors shall pass all Ordinance and
bylaws Eeedtul and necessary for their
own 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 to give
l,ond for the faithful performance Of his |
duty before lie takes charge of his Office
and rnss on the sufficiency of the bond |
teudered. Fix the compensation OF the |
officers OF this corporation, Employ as
slstants, agents and employees for this
corporation and fix their duties, pre-
scribe their e1nployn.ents and ccmpen-
saion and discharge SUCH assistant,
AZ nts and employees, employed by |
them ut will and whenever they see
proper, and hire others in their places,
and do everything needful and necessary
in carrying on and conducting the af-
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 Direc-
tors above mentioned. III voting FOR
Directors the stockholders shall desig-
nate Oh their ballots which shall be
which Vice President and
which Secretary and treasurer Mr.. J.
>. Jones shall be the first President, Mr..
j, F. Pickett, the first Vice President
AL Il Airs. Emma Jones the irst Secrc-
tary and Treasurer and they shall hold
their Offices until February II, 1904. at IL
o'clock NJ. st which time an election
shall be held by the stockholders. and