St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1905-03-25
CHARTER
OR THE = :
Covington Naval Stores Company, Ltd.
,STATE4OF LOUISIANA, !
: Y IL F,1sjPariah Of Orleans. {

PERSONALLY CAME AND AP-
FEARED the parties whose names are
hereunto subscribed, all of full age, who
declared that, ayailiDg themselves of
the provisions of the laws of this State
relative to corporations and especially
of Act No. Sc Of 1883 of the General As
sembly of Louisiana, they have cove
nanted and agreed, and by these pres
ents covenant ard agree, and bind
themselves, as we'll as such other per-
sons as may hereafter become a-so-
ciated with them,. to form and consti-
tute corporation and body polite in
law for the purposes and objects. and
under the stipulations, articles and con-
ditions following, to wit:
- 50 ARTICLE 1. :
The name and title of the said Cor
poration,shall be ''COVINGTON Ma
VAL STORES COMPANY, LIMITED, y
and it's domicile is hereby established
in Covington, St: Tammany Parish,
Louisiana, and under its said corporate
hame said corporation shall have power
and authority, to contract, sue and be
sued, to make and use corporate seal,
and the same t. break and alter at
pleasure; to- hold, receive, have, pur-
chase. leaSH Improve, ALLEVIATE, convey;
seils borrow, pledge, mortgage and n.y.
pothtcate, under It's said corporate seal
name, properly, real, personal and
MIXED; to- maine and appoint such of
ficefs. directors, agents and managers
or employees as the interest or conven.
fence 1T said Corporation may require;
to make and establish by laws, rules and
regulat ons for the proper management
of it's affairs, as ma, be deemed neces-
s.ry and proper. and the same to change
and alter Ut pleasure, and to do all
other acts and things permitted by law,
or as snail or may be necessary and
proper to carry out the objects aud pur-
poses Of said Corpo, alton.
Said Corporation, unless sooner dis
solved, in accordance with its charter.
shall exist and continue Tor the period
of ninety-nine years from and after the
date hereof:
Tho President, or in his absence the
Vice President. shall be the proper per-
son upon whom citation or other legal
process shall be served.
ARTICLE II.
The objects and purposes for which
this Corporation is organized, and the
nature of basiness to be carried on by
it, are declared to be the following, to
wit: tie manufacture, purchase and sale
Of turpentine, pitch, tar, rosin, naval
stores and other products of wood; the
manufacture, purchase and sale of char
coal. the manufacture and sale of lum-
Der, anwell as the manu- acture and sale
of sash, doors and blinds, trimmings,
boxes, furniture and other objects made
from wood ), the purchase and sale of
timber and real estate necessary for its
bnsiness), to conduct d general mer-
said business; and to this end said
Corporation is empowered and author
lied to purchase. lease, sell, convey, use
and own such real estate and timuer in
said State az may be necessary for said
purposes;. to acquire, oyn, construct
aid operate turpentine stills, saw n.ills,
planning mills, dry ers, and all machinery
and appliances necessary in the opera
ton of said business, and to construct,
purchase, own and operate, in connec-
ton with said business, tram roads,
logging roads, sailing vessels, barges,
steam vessels AMI other water craft for
the transportation of its materials and
products. =. :; -
ARTICLE Ill.
The capita. stock of said corporation
shall be one hundred and twenty-five
thousand dollars lSl25, 0OO), divided
into and represented by twelve hun red
and fifty (125O) shares of the sum of
one hundred dollars ($1OO) each, " hich
said stock shall be paid for in casu ct
the time ct subscription, or the same
may ne be issued, at not less than par,
in payment or exchange for property or
rights actually received or purchased
by said Corporation, or the same may
be issued full paid for money advanced,
and for such other valuable considera-
ton or services as the B ard OF Direc.
tors of said Corporation may determine;
provided that no stock shall issue until |
the consideration therefor has been re-
eeived by the said Corporation.
ANY s'Oca,older may sell, assign or |
transfer his stock in this Corporation,
provided thirty 1907 days prior notice
of such intention tn sell, assisn or trans
fer the same be given the Company. and !
the other stockholders shall have the
first privilege of purch sing same, after
whic,. thirty (30) nays mott the said
stock may be sold IN open market.
he stock of said Company may be
under IT,. above conditi ms,
provided such transfer thereof be made
on the books of said Company, at its
Office, anc on the surrender of the GER
tificate thereof. No tr:.nsf-r of any frac.
tional part of a Stare shall be made.
This Corporation shall commence do
ing business as soon n. as - seventy